TransferGo vs WorldRemit
TransferGo
transfergo.com
WorldRemit
worldremit.comSide by side
| Figure | TransferGo | WorldRemit |
|---|---|---|
| Price from | Free | — |
| Free plan | Yes | — |
| Free trial | — | — |
| Open source | — | — |
| Web | — | Yes |
| iOS | Yes | Yes |
| Android | Yes | Yes |
| Plans published | 8 | 0 |
| Spec score · Money Transfer Apps | 8.8 (#9) | 7.9 (#48) |
| Customer support | Customer Service is available in English and nine other languages. | App chat support is available 24/7 in six languages. |
| Exchange-rate model | markup | mid_market |
| Upfront fee display | Yes | Yes |
| Founded | 2012 | 2010 |
| Headquarters | London, United Kingdom; Vilnius, Lithuania | The company page describes London as WorldRemit's headquarters; its site lists 167-169 Great Portland Street, 5th Floor, London W1W 5PF, United Kingdom. |
| Mobile platforms | The app is available for iOS, Android and Huawei. | both |
| Transfer speed | Transfers can be delivered in minutes, instantly, within an hour or next business day depending on method. | Transfers usually arrive within minutes, but timing can vary with payout method, identity checks, payment authorization, third-party operating hours, and incorrect information. |
| Transfer tracking | Yes | The app lets customers track transfers and view status updates. |
Plans
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
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.
WorldRemit
WorldRemit provides digital international money transfers through its website and Android and iOS apps. Customers can send money to over 130 countries. Depending on the countries involved, recipients can receive a bank transfer, collect cash, get mobile money, or receive an airtime top-up. Most transfers arrive within minutes, though some take longer depending on the receive method. Fees and exchange rates are shown before payment, and the total cost depends on the receiving country, payout method, and payment method. WorldRemit says it uses the mid-market exchange rate and charges no fees for airtime top-ups.
Available ways to pay vary by sending country and may include bank transfer, debit card, or credit card. The app offers transfer tracking, scheduled transfers, exchange-rate alerts, and Quick resend for favourite recipients. In-app chat support is available 24/7 in six languages. A recipient does not need a WorldRemit account, though cash pickup requires valid photo ID matching the transaction details and the transaction reference. WorldRemit says it is licensed by government regulators and checks transfers for security. The company is headquartered in London, was founded in 2010, and is part of Zepz.