Panda Remit vs TransferGo
Panda Remit
pandaremit.com
TransferGo
transfergo.comSide by side
| Figure | Panda Remit | TransferGo |
|---|---|---|
| Price from | $6.99/mo | Free |
| Free plan | Yes | Yes |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | — |
| iOS | Yes | Yes |
| Android | Yes | Yes |
| Plans published | 4 | 8 |
| Spec score · Money Transfer Apps | 9.0 (#4) | 8.8 (#9) |
| Exchange-rate model | variable | markup |
| Upfront fee display | Yes | Yes |
| Free plan | No | Yes |
| Headquarters | Singapore | London, United Kingdom; Vilnius, Lithuania |
| Mobile platforms | both | The app is available for iOS, Android and Huawei. |
| Transfer speed | instant | Transfers can be delivered in minutes, instantly, within an hour or next business day depending on method. |
| Transfer tracking | Yes | Yes |
Plans
Panda Remit
- Transfer fee$6.99 a month
- Free accountFree
- Australia global transferA$5.99, paid once
- United States global transfer$6.99, paid once
TransferGo
- Free multicurrency accountPrice not published
- International bank-account transferPrice not published
- International card transferPrice not published
- Currency exchangePriced on request
- Multi-currency accountFree
- Transfers to bank accountsPriced on request
- Transfers to cardsPriced on request
- Virtual GoCardFree
In their own words
Panda Remit
Panda Remit provides online international money transfers to more than 40 countries and regions, with transfers to Mainland China available from more than 30 countries and regions. It advertises real-time exchange rates and comparisons with historical bank rates; its exchange-rate model is variable. The shortest stated arrival time is 2 minutes, though reviews, available funds and account limits, bank hours, time zones, holidays, and receiving-agent hours can affect timing. Users can track funds at each stage. Payment methods depend on the sending country: Australia supports PayID, POLi, and bank transfer, while the United States supports ACH bank transfer and debit card. Recipients in Mainland China can receive Australia transfers through Alipay, Weixin, or bank accounts. The service is for transfers between individuals and does not support business-account transfers. It is available on Android, iOS, and web. A free account is listed at free. United States global transfers are listed at $6.99, paid once, and Australia global transfers at A$5.99, paid once; fees may vary by sending amount and destination.
TransferGo
TransferGo is a mobile service for international transfers and multi-currency balances, with transfers available to over 160 countries. Recipients can receive money through bank accounts, payment cards, e-wallets, and cash transfers. TransferGo lists instant transfer speed, while its plan details also state next-business-day delivery for bank-account transfers. Bank transfers start from 0.2%, and card transfers start from 0.2% with possible third-party fees. Currency exchange starts at 0.5%, or 0.2% for exchanges within the account. The multi-currency account has no setup or monthly costs and supports GBP, EUR, PLN, and RON balances. Users can see fees upfront and track transfers. Registration can be completed online on a computer as well as through the Android and iOS apps. TransferGo says it uses end-to-end encryption and safeguards transfers so money can be returned if a transfer fails. It is regulated under EU and UK law and authorised by the FCA as an EMI. Customer service is available in English and nine other languages.