TransferGo is a UK-based international money transfer service that focuses on competitive rates, particularly for Eastern European corridors. For freelancers, understanding what it does — and what it doesn't do — determines whether it has a place in your payment stack.
What TransferGo Is (and Isn't)
TransferGo IS:
- An international money transfer service
- Competitive on EU↔UK transfers and some Eastern European corridors
- FCA-regulated in the UK
- Good for sending money home or to family abroad
TransferGo IS NOT:
- A multi-currency account (no balance to hold)
- A way to receive client payments (no account details to share)
- A Payoneer or Wise replacement
This distinction matters. If you're looking to receive USD from US clients, TransferGo can't help with that. You need Wise or Payoneer for receiving.
Fee Comparison: TransferGo vs Wise
For common freelancer corridors (sending £1,000 GBP to another currency):
| Corridor | TransferGo | Wise | Faster |
|---|---|---|---|
| GBP → EUR | ~0.7% + £0.99 | ~0.33% + £0.20 | Wise |
| GBP → USD | ~1.0% + £0.99 | ~0.41% + £0.20 | Wise |
| GBP → PLN | ~0.5% + £0.99 | ~0.61% + £0.20 | TransferGo |
| GBP → UAH | ~0.8% + £0.99 | ~1.2% + £0.20 | TransferGo |
| GBP → RON | ~0.6% + £0.99 | ~0.55% + £0.20 | Similar |
TransferGo has an edge on Eastern European currencies. Wise wins for GBP→EUR and GBP→USD.
Open Wise for multi-currency receiving →Transfer Speeds
TransferGo offers multiple speed tiers:
| Tier | Speed | Fee |
|---|---|---|
| Economy | 1–3 business days | Lowest |
| Standard | Same day | Moderate |
| Now | Within minutes | Higher |
Wise typically delivers in minutes to hours for major currency pairs, with no speed tiers — you pay the flat 0.41% and it arrives when it arrives (usually same day).
When to Use TransferGo
Good use case: You've received GBP into your UK bank and need to send money to family in Poland, Ukraine, or Romania.
Not a good use case: Receiving USD from US clients, withdrawing from Upwork/Fiverr, getting paid by direct clients.
The Freelancer Payment Stack: Where TransferGo Fits
For a UK freelancer, a practical stack might look like:
| Purpose | Tool |
|---|---|
| Receive USD from US clients | Wise (free USD account) |
| Convert USD → GBP | Wise (0.41%) |
| Receive from UK clients | Wise or Stripe |
| Withdraw from Upwork | Payoneer (free) |
| Send GBP to family in Eastern Europe | TransferGo (competitive on EE corridors) |
| Daily spending card | Wise card or Revolut |
TransferGo fills a specific gap — sending to Eastern European family or contractors — where it may beat Wise on rate.
TransferGo vs Wise: Overall Verdict
| Factor | TransferGo | Wise |
|---|---|---|
| FX rate (GBP→EUR/USD) | ~0.7–1.0% | 0.33–0.41% |
| FX rate (GBP→PLN/UAH) | ~0.5–0.8% | ~0.6–1.2% |
| Multi-currency account | ❌ No | ✅ Yes |
| Receive client payments | ❌ No | ✅ Yes |
| Debit card | ❌ No | ✅ Yes (£7) |
| Monthly fee | £0 | £0 |
| Best for | Sending to EE countries | Everything freelance-related |
Wise is better for freelancing. TransferGo is better for personal remittances to Eastern Europe.
How to Use TransferGo
- Download the TransferGo app or visit transfergo.com
- Register with email + phone verification
- Verify identity (passport or driving licence)
- Enter send amount and recipient details
- Pay from your bank account
- Track transfer in-app
No multi-currency wallet, no account details to share — just a straightforward send tool.
Use Wise to receive and convert internationally →Frequently Asked Questions
Is TransferGo cheaper than Wise? TransferGo is cheaper on specific Eastern European corridors (GBP→PLN, GBP→UAH). Wise is cheaper for GBP→EUR, GBP→USD, and most major currency pairs.
Can I receive money from clients using TransferGo? No — TransferGo only processes outgoing transfers. To receive client payments, use Wise (provides local account details for 10+ currencies) or Payoneer.
Is TransferGo safe to use? Yes — TransferGo is FCA-regulated, has been operating since 2012, and processes over £1 billion in transfers annually.
Does TransferGo have a fee for UK freelancers? No monthly fee. Fixed fee per transfer (£0.99–£1.99 for Economy) plus FX markup (0.5–1.5% depending on corridor).
See also: Wise review for UK freelancers · Wise transfer fees explained · Best payment setup for UK freelancers
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