TransferGo Review
Fast, low-fee transfers for European migrants
TransferGo is a UK-based fintech that focuses on fast, affordable transfers within Europe and to key corridors in Asia. It is particularly popular among Eastern European migrants in the UK and Germany — especially for PLN, UAH, and RON deliveries. TransferGo's zero-fee tier charges only a small exchange rate margin.
Key facts
- Typical fee: £0 – £1.99 (tiered)
- Exchange margin: ~0.5%–2% above mid-market
- Delivery time: 30 minutes – 2 business days
- Best for: UK/Germany → Eastern Europe (Poland, Ukraine, Romania)
- Min transfer: £1
- Max transfer: £20,000 per transaction
Pros
- Zero-fee option available
- Very fast — often 30-minute delivery within Europe
- Strong for EUR/GBP → PLN, UAH, RON
- Clean, easy-to-use app
- FCA authorised
Cons
- Zero-fee tier has wider rate margin
- Limited coverage outside Europe and select Asian corridors
Popular corridors
FAQs
Is TransferGo good for UK to Poland transfers?
Yes — TransferGo is one of the best services for GBP→PLN with fast delivery (often 30 minutes) and competitive rates.
What is TransferGo's zero-fee service?
You pay nothing upfront but TransferGo earns via a small exchange rate margin. For regular senders, the zero-fee tier is often the cheapest option overall.
Is TransferGo safe?
Yes. TransferGo is authorised by the FCA and backed by institutional investors.
Can I use TransferGo for large transfers?
TransferGo allows up to £20,000 per transaction for verified accounts. For amounts above this, Wise or OFX are better suited.