TransferGo
Vilnius-founded sender that pays out to more than 160 countries, with a GoCard and a business account beside the transfer service
Quick Overview
| Company | TransferGo Ltd / UAB TransferGo Lithuania |
|---|---|
| Category | International Money Transfer Services |
| Headquarters | London / Vilnius, United Kingdom / Lithuania |
| Founded | 2012 |
| EU Presence | Yes - Lithuania (EU) and United Kingdom |
| Data Location | See privacy policy |
| Open Source | No |
| GDPR Compliant | Yes |
| Self-Hosting | No |
| Main Features | Transfers to 160+ countries, multi-currency account, GoCard, business account, batch payments, 9 interface languages |
| Pricing | Fee and exchange rate shown in the calculator before you pay; see website |
| Best For | European residents sending to Eastern Europe, Turkey and further afield |
| Replaces | Remitly, Western Union |
Detailed Review
The company says it has supported more than nine million people since 2012, and its homepage language picker includes Lithuanian, Latvian, Polish, Romanian, Ukrainian and Turkish next to English, German, Spanish and French. That reach into Central and Eastern European corridors is where it separates from remittance apps built around Africa.
EU customers contract with UAB TransferGo Lithuania, an electronic money institution supervised by the Bank of Lithuania; customers in Britain deal with TransferGo Ltd, authorised by the FCA.
Two entities, two rulebooks
The terms page links separate agreements for UK, EU and Turkey users. TransferGo Ltd is registered in England and Wales (07914165) and UAB TransferGo Lithuania carries Lithuanian registration number 304871705.
Before sending, check which agreement your account falls under, because safeguarding and complaints wording differ between the two.
Beyond the single transfer
The site also lists a multi-currency account, a GoCard for contactless spending, and a business account with batch payments. Someone who sends monthly and also holds euros and pounds can keep everything in one login.
Sending from Europe, not to it only
The sender-country picker covers most of Europe, from Albania to Ukraine, and pairs each with euro, dollar or local currency. That makes it practical for a worker in Norway or Poland as much as for one in Germany.
Limitations to Consider
TransferGo is an e-money institution, not a bank, so balances are not covered like bank deposits. The calculator on the homepage showed a free fee for one route and 0.99 USD for another, which means the cost depends on route and payment method and has to be read per transfer. For migrant corridors into Africa, LemFi or Taptap Send may list more payout types.
Who Should Use TransferGo
Residents of Europe who send regularly to Eastern European, Turkish or other destinations and want a European regulated counterparty.
Pros and Cons
Pros
- Large sender-country list across Europe
- 160+ destination countries
- Lithuanian and UK entities with named regulators
- Multi-currency account and card
- Interface in nine languages
Cons
- Not a bank
- Fees differ per route and are only visible in the calculator
- Two separate agreements to read
- Some corridors may offer fewer payout options than Africa specialists
Alternatives to TransferGo
Other European international money transfer services worth comparing before you decide:
Paysend
United Kingdom · Scottish e-money firm with card, wallet and bank payouts
LemFi
Ireland · Migrant-focused app sending from Europe to Africa and Asia
Wise
United Kingdom · Per-use transfers and a multi-currency account, no subscription
Taptap Send
Belgium · Belgian payment institution serving EU senders to Africa and Asia
See all European international money transfer services or compare them directly against Remitly on our alternatives page.
Frequently Asked Questions
TransferGo Ltd is authorised by the FCA (reference 991295) and UAB TransferGo Lithuania is an electronic money institution regulated by the Bank of Lithuania.
The company states more than 160 countries on its about page and homepage.
Yes, its site lists a business account, international business payments and batch payments.