Making money transfers has been made easier than ever because the online platform is packed with money transfer companies which makes it hard for the users to know which company is the best best. To clear such confusion we have provided an in-depth TransferGo review to help you understand more about it. Read on and find out.
Alternatives: Best Money Transfer Services
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- Wise is a very good provider for overseas transfers. The transfers are easy, convenient and secure. The most important thing is that the transfers are also much cheaper than with the bank.
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- A world-class customer service, very good exchange rates and permanently favorable transfers abroad and to Germany convince. Only downside is the small selection of countries.
What is TransferGo Review
TransferGo is a UK based money transfer company that was launched in 2012 to solve the cumbersome and slow process that involved money transfer processes. It allows you to make a fast international money transfer. Well, this platform will require you to register for an account to be able to make the transactions. Once your account is approved you will transfer the money by just entering a few details and where you wish to send the money. It can provide low fees on its transactions because the transfer is done from the bank account within the country of the receiver.TransferGo is supervised by HMRC and regulated by the UK Financial conduct authority to ensure it complies with regulations that ensure your funds and transactions are secured.
Therefore, to be able to use this platform you will be required to open an account from their website. The information required is basic which should help you create one within a few minutes. You can make your first transfer but one the second one you will be asked for some verifications. To achieve this you will provide the recipient local bank details to be able to facilitate the transaction. After entering the required credentials you will also be required to fund your money transfer. In this case, you have two options, you can either use your credit or debit card to facilitate transactions that are below 2500 euro. Alternatively, you can do a local bank transfer.
The transfer process is quite efficient because it has made it easy to transfer funds using the local in-local out criteria. In such a case you will have to transfer your funds to a UK bank account and once the transfer GO received authorizations to facilitated the transfer they will use their local bank account in the recipient country to transfer the funds. This makes the whole process fast and efficient.
What can you do with TransferGo
TransferGo is one of the best platforms that you can use in making an international transfer. You will be required to have an account so that you can initiate the transfers at your convenience. Therefore, let us look at what you can achieve with this platform.
TransferGo allows you to make a money transfer to approximately 47 countries because it supports up to 23 currencies. SWIFT banking network has made it possible to deliver funds to various destinations. The good thing is that it doesn’t have the minimum transfer value but the online platform is limited to 25000 euro. Additionally, you will enjoy more subsided fees, unlike the other conventional banks. For instance, other Banks normally charge up 5% of the transaction but the TransferGo, on the other hand, charges a flat fee of 0.99 pound. The funds’ transfer speed is quite impressive because the recipient will receive it faster than the other banks.
You can pay for international supplies
This platform is very business-friendly especially if you are running a business where you need to outsource your supplies from international markets. You can make payments at cheaper rates compared to other Banks. Additionally, making payments for freelance services has also been made easy with this platform because you can make a payment to more than 40 countries.
You don’t have to go to the bank so that you can initiate your funds’ transfer. Things have been made easy because you will only have to download their banking app which is compatible with tablets, smartphones, and iOS. They provide an awesome experience because they are convenient. After all, you can send your money and receive updates regarding the status of your transfer. It is important to keep these apps updates so that you enjoy more security and faster transfers because of software upgrades.
Is Transfer Go safe
One of the most important things that you need to consider is the safety of the platform that you are using to facilitate the transaction. In this case, TransferGo is very safe because it has additional website security which is protected by TLS encryption to ensure your data is confidential. Additionally,the compy with government regulations hence customer funds is held on trust following the provided standards.
This makes it easy to follow up your transactions and you can make a follow-up invade you experience any issue. Additionally,you should also note that it is a licensed platform that is recognized by the financial conduct authority and it operates under the provided regulations as per the standards governing the electronic money institutions. Therefore,this is a safe platform which you can make secure transaction.
TransferGo is exclusively competent when it comes to facilitating international transfers. It is very easy to understand the transaction fees since it doesn’t charge base on the marginal exchange rates. Additionally, all customers get to enjoy the same fees. Most customers are impressed with low transfer costa and high speed of the transaction. They also feel safe because it is a trustworthy platform. If you want to enjoy what TransferGo has to offer you can visit their homepage and acquaint yourself with how it works. It is also easy and free to open and you can make your funds transfer via desktop or mobile app.