Wise vs TransferGo
Wise and TransferGo are both e-money institutions rather than banks. Wise charges per use with no subscription, from 0.24% by currency, and adds a multi-currency account and debit card. TransferGo pays out to more than 160 countries, has deep Central and Eastern European sender coverage and shows the fee in a calculator per route.
Choose Wise if
you want per-use pricing at the mid-market rate, a multi-currency account with a debit card, and ATM withdrawals free up to a monthly limit.
Read the Wise reviewChoose TransferGo if
you send from across Europe to Eastern Europe, Turkey or further, want fees shown per route, and prefer a Lithuanian EU entity for EU accounts.
Read the TransferGo reviewWise and TransferGo side by side
| Wise | TransferGo | |
|---|---|---|
| Company | Wise Payments Limited | TransferGo Ltd / UAB TransferGo Lithuania |
| Headquarters | London, United Kingdom | London / Vilnius, United Kingdom / Lithuania |
| Founded | Not stated in our data | 2012 |
| Jurisdiction | United Kingdom (adequacy decision, outside the EEA) | United Kingdom / Lithuania (outside the EU/EEA) |
| Where the data sits | Not stated on the pages checked | See privacy policy |
| Pricing | Pay per use, no subscription; sending from 0.24% fee depending on currency (checked 28 October 2026) | Fee and exchange rate shown in the calculator before you pay; see website |
| Entry-level list price (vendor site, checked 13 November 2026) | Pay per use, no subscription; sending from 0.24% depending on currency | Fee and exchange rate shown in the calculator before you pay; see website |
| Free tier or trial | Demo on request | Demo on request |
| Source code | Closed source | Closed source |
| Usually replaces | Chime, PayPal transfers, high-street FX | Remitly, Western Union |
| Position in our International Money Transfer Services guide | #4 of 11 | #1 of 11 |
Both are listed in our European International Money Transfer Services guide. The table is built from the same directory data as those entries, except the list price, which is quoted from each vendor's own pricing page (see Sources below); how we check it is described in the editorial process.
Where Wise and TransferGo differ
Across the five points below, Wise has the edge on 2 points, TransferGo on 2 points and one is a tie. A count like that is a summary, not a verdict: the point that matters to you may be the one the other product wins.
How the price is stated
Wise's pricing page says there are no subscriptions or plans, exchange is at the mid-market rate and sending starts from 0.24% depending on currency. TransferGo gives no starting figure: its calculator showed a free fee on one route and 0.99 USD on another, so you read it per transfer. Wise states its model more plainly.
Edge: Wise
Regulated entity for EU customers
TransferGo says EU customers contract with UAB TransferGo Lithuania, supervised by the Bank of Lithuania, while UK users deal with TransferGo Ltd under the FCA. Wise Payments Limited is FCA-authorised in London (firm reference 900507). Both are e-money firms, but TransferGo has a named EU entity for EU customers.
Edge: TransferGo
Corridor and country reach
TransferGo states payouts to more than 160 countries, a sender list from Albania to Ukraine, and an interface in nine languages including Lithuanian, Polish, Romanian and Ukrainian. The Wise pages we read give no destination count, so TransferGo's documented reach is the larger claim for Eastern European routes.
Edge: TransferGo
Holding and spending money
Wise offers a multi-currency account and debit card for spending and withdrawing abroad, with ATM withdrawals free up to 250 GBP a month on the UK page. TransferGo also lists a multi-currency account and GoCard, but its pages do not give ATM allowances, so Wise is better documented here.
Edge: Wise
Business accounts
Both sell a business product. Wise Business offers team finances and accounting integrations; TransferGo lists a business account, international payments and batch payments. We recorded no fee or limit comparison from either business page, so we do not pick a winner.
No clear winner on this point.
When neither Wise nor TransferGo fits
If neither fits: Paysend is a UK e-money firm with card, wallet and bank payouts, LemFi targets migrant corridors from Europe to Africa and Asia, and Taptap Send is a Belgian payment institution.
Wise vs TransferGo: questions
Neither. Both are e-money institutions, so balances are not covered like bank deposits.
Wise Payments Limited is authorised by the FCA. TransferGo Ltd is FCA-authorised (reference 991295) and UAB TransferGo Lithuania is regulated by the Bank of Lithuania.
Yes for both. Wise says its fee varies by currency from 0.24%; TransferGo shows the fee and rate in its calculator before you pay.
Both list a multi-currency account. Wise adds a debit card; TransferGo lists the GoCard for contactless spending.
Sources
Facts, prices and plan details on this page were checked on the vendors' own websites on . Prices and plans change; the vendor's current page is authoritative.
- Wise pricing page: Wise pay-per-use pricing and FCA authorisation (checked 13 November 2026)
- TransferGo website: TransferGo entities, destinations and calculator (checked 13 November 2026)