Compare TransferGO vs TransferWise

UAB 'TransferGO Lithuania' Logo
Trustpilot Rating
Reviews 17,045 | Excellent
 (4.8)

UAB 'TransferGO Lithuania' is an electronic money institution focused on international money transfers. UAB 'TransferGO Lithuania' offers fast money transfers, mobile money transfers, batch payments to individuals, businesses. In 2019 UAB 'TransferGO Lithuania' had total customer funds to be safeguarded of 0.00 EUR, UAB 'TransferGO Lithuania' generated gross profit of 0.00 EUR. Incorporated in Lithuania, UAB 'TransferGO Lithuania' is authorized and regulated by the Bank of Lithuania.

Transferwise Ltd Logo
Trustpilot Rating
Reviews 92,838 | Excellent
 (4.7)

Transferwise Ltd is an electronic money institution focused on international money transfers. Transferwise Ltd offers prepaid cards, international money transfers, virtual accounts with IBAN to individuals, businesses. In 2019 Transferwise Ltd had total assets of 1,108.80 mln GBP, Transferwise Ltd generated net income of 10.30 mln GBP. Incorporated in the United Kingdom, Transferwise Ltd is authorized and regulated by the Financial Conduct Authority.

TransferGO Business Focus
international money transfers
TransferGO Services
  • fast money transfers
  • mobile money transfers
  • batch payments
TransferGO Clients
  • individuals
  • businesses

View TransferGO Profile +

TransferWise Business Focus
international money transfers
TransferWise Products
  • prepaid cards
  • virtual accounts with IBAN
TransferWise Services
  • international money transfers
TransferWise Clients
  • individuals
  • businesses

View TransferWise Profile +

Compare Money Transfers

TransferGO TransferWise
Speed0-4 days0-2 days
Amount Rangenone - none1.00 EUR - 1,200,000 EUR
Countries40+ countries60+ countries
Currencies20+ currencies40+ currencies
Sending From
  • TransferGO accounts
  • bank accounts
  • debit cards
  • credit cards
  • Transferwise accounts
  • bank accounts
  • payment cards
Receiving To
  • bank accounts
  • Transferwise accounts
  • bank accounts
  • payment cards
Transfer Options
  • one-time payments
  • one-time payments
  • regular payments
  • batch payments
  • direct debits
  • large amounts transfers
Make Transfer Make Transfer
 

Transfer Costs

TransferGO

Transfer Fees
TransferGo charges a fixed fee depending on which country a customer is sending money from, for example:

  • Eurozone: 0.99-2.99 EUR
  • United Kingdom: 0.99-2.99 GBP

Exchange Rate
TransferGo charges foreign exchnage commission between 0.00% and 3.3%

TransferWise

Transfer Fees
How much a particular Transferwise transfer costs depends on three things — the amount being sent, the payment method, and the exchange rate.
Exchange Rate
Transferwise ensures that its customers get mid-market rate — it’s the one banks use to trade between themselves.

Transfer Speed

TransferGO

In general TransferGo processes the transfer within 0-4 days and offers several delivery time options:

  • Standard Delivery Time is the next business day from when TransferGo receives the transfer deposit
  • Cheep Delivery Time takes up to 3 business days from when TransferGo receives the transfer deposit
  • With Fast Delivery Option the money can be delivered in less than 30 minutes depending on the country where the deposit originates
For limited services countries delivery takes up to 1 business longer than in the main countries.

TransferWise

Transferwise provides an estimated delivery time for every transfer. In general, the delivery time depends on the following:

  1. Sending and receiving countries and currencies.
  2. Payment method. Some payment methods and faster than the other. For example, card payments are normally instant, while bank transfers take longer.
  3. Transfer initiation time. Transferwise can handle the money during normal banking hours.
  4. Security checks. Sometimes Transferwise needs to verify sender's ID, address as well as other details. Such verification can add extra time to your transfer on top of the initial estimation.

Sending Countries

TransferGO

TransferGO allows to send money from 33 countries, namely:

AT Austria
BE Belgium
HR Croatia
CY Cyprus
CZ Czech Republic
DK Denmark
EE Estonia
FI Finland
FR France
DE Germany
GR Greece
HU Hungary
IS Iceland
IE Ireland
IT Italy
LV Latvia
LI Liechtenstein
LT Lithuania
LU Luxembourg
MT Malta
MC Monaco
NL Netherlands
NO Norway
PL Poland
PT Portugal
RO Romania
SM San Marino
SI Slovenia
SK Slovakia
ES Spain
SE Sweden
CH Switzerland
GB United Kingdom

TransferWise

Transferwise offers sending money from a sender's Transferwise account, so sending money is available for all countries where Transferwise Borderless account is offered. Transferwise Borderless account is offered worldwide expect for several sanctioned countries and territories.

Receiving Countries

TransferGO

TransferGO allows to send money to 55 countries, namely:

AU Australia
AT Austria
BD Bangladesh
BE Belgium
BG Bulgaria
CA Canada
CN China
HR Croatia
CY Cyprus
CZ Czech Republic
DK Denmark
EE Estonia
FI Finland
FR France
DE Germany
GR Greece
HK Hong Kong
HU Hungary
IS Iceland
IN India
ID Indonesia
IE Ireland
IL Israel
IT Italy
KE Kenya
LI Liechtenstein
LT Lithuania
LU Luxembourg
LV Latvia
MT Malta
MX Mexico
MC Monaco
NG Nigeria
NL Netherlands
NO Norway
NP Nepal
PH Philippines
PK Pakistan
PL Poland
PT Portugal
RO Romania
RU Russian Federation
SM San Marino
SI Slovenia
SK Slovakia
ZA South Africa
ES Spain
LK Sri Lanka
SE Sweden
CH Switzerland
TH Thailand
TR Turkey
GB United Kingdom
US United States
UA Ukraine

TransferWise

TransferWise allows to send money to 50 countries, namely:

SEPA-Countries (Europe)
AR Argentina
AU Australia
BD Bangladesh
BR Brazil
BG Bulgaria
CA Canada
CL Chile
CN China
CO Colombia
HR Croatia
CZ Czech Republic
DK Denmark
GE Georgia
HK Hong Kong
HU Hungary
IN India
ID Indonesia
IL Israel
JP Japan
KE Kenya
MY Malaysia
MX Mexico
MA Morocco
NP Nepal
NZ New Zealand
NG Nigeria
NO Norway
PK Pakistan
PE Peru
PH Philippines
PL Poland
RO Romania
RU Russian Federation
SG Singapore
ZA South Africa
KR Korea, Republic of
LK Sri Lanka
SE Sweden
CH Switzerland
LI Liechtenstein
TH Thailand
TR Turkey
UA Ukraine
AE United Arab Emirates
GB United Kingdom
US United States
VN Vietnam
EG Egypt
GH Ghana

Sending Methods

TransferGO

TransferGO Account
In order to be able to make a transfer, you should top-up your TransferGO account.
Bank Account
Make a local transfer to TransferGo using the details provided.
Payment Cards
TransferGO accepts Visa and Mastercard debit and credit cards (in GBP, EUR, PLN, NOK, SEK and DKK) with a limit of 2,500.00 GBP for Standard delivery option. Pre-paid or other type cards are not accepted.

TransferWise

Transferwise Account
TransferWise offers instant transfers between TransferWise account holders.
Bank Account
TransferWise allows to send money from a sender's bank account: the sender should send money to TransferWise own bank account in the sender's country.
Payment Card
TransferWise supports sending money from payment cards the same way as from bank accounts.

Receiving Methods

TransferGO

Bank Account
TransferGO performs transfers to bank accounts only.

TransferWise

Transferwise Account
TransferWise offers instant transfers between TransferWise account holders.
Bank Account
Delivering money to bank accounts is the main receiving method in TransferWise.
Payment Card
TransferWise can deliver CNY to UnionPay card holders based in China.

Advantages and Disadvantages

Advantages of TransferGO Transfers

Available to personal and business customers

Advantages of TransferWise Transfers

Broad countries coverage
Available for individuals and business entities
Suitable for large transfers

Disadvantages of TransferGO Transfers

Receiving money to bank accounts only

Disadvantages of TransferWise Transfers

Have to open a current account with TransferWise
Receiving money mainly to bank accounts

How TransferGO Transfers Work

1.
Login or register
Login or register at TransferGO website.
2.
Book a transfer
Provide the recipient’s details and the amount you want to send.
3.
Make a local payment
Make a local bank transfer or use a debit card (for payments up to 1,000 GBP).
4.
TransferGO does the rest
Once TransferGO received your payment the money will arrive at the other end within hours.


How TransferWise Transfers Work

1.
Create account
Create and verify your TransferWise account
2.
Enter transfer's details
Provide the recipient’s details and the amount you want to send. Note that the recipient doesn't need a TransferWise account, just a bank account.
3.
Pay for your transfer
Pay by credit or debit card or make a local bank transfer to TransferWise’s bank account in your country. You don't have to link your bank account to TransferWise (unless you’re sending from Canada or the US).
4.
Transfer processed
TransferWise has local bank accounts in countries all over the world. So often TransferWise is able to use money from a TransferWise user sending money the other way around.
5.
Transfer completed
If you provide your recipient’s email address, the recipient will get a notification that the money is on the way.


See Also