Send money from abroad: the best offers from money transfer operators

TransferGo money transfer operator: an overview of how to send money from abroad

TransferGo is a money transfer operator, founded in 2012 in Lithuania, which quickly became one of the leaders in the European market. Today, the company has offices in London, Berlin, Warsaw, Vilnius and other European cities, and more than 2.5 million clients from different parts of the world use the services of the TransferGo. Among the advantages of the service are the speed of transfers execution and an affordable price policy. 

TransferGo is a licensed payment institution regulated by the UK FCA. This means authorization by the UK Financial Conduct Authority and therefore the highest standards of security for the customers. In October 2021, the TransferGo international payment system was registered by the National Bank of Ukraine.

TransferGo: questions and answers

How does the TransferGo money transfer operator work?

The main specialization of the paymet service provider TransferGo is private cashless international money transfers from card to card and to IBAN. It is possible to choose the TransferGo service to transfer money from abroad to Ukraine on the most favorable and optimal terms, on the website. 

The TransferGo provides money transfers from almost all European countries to Ukraine and supports most European currencies, including British pounds, Polish zlotys, Czech crowns and directly the euro. Currency conversion when sending money transfers takes place with a minimum margin. You can receive a money transfer in Ukraine in hryvnias, US dollars and euros.

It should be noted that the Strumok service provides its customers with instant information on current exchange rates when making international money transfers. Therefore, comparing the services of payment systems and choosing an operator for making a money transfer to Ukraine to your family and friends is not only convenient, but also profitable thanks to Strumok.

How to send money via TransferGo?

The TransferGo payment service allows you to make cashless transfers, using as a payment method a transfer from your Visa or Mastercard issued by European payment institutions. Before sending money to a card to Ukraine, you do not need to find out the addressee's exact location — it is enough to know the details of his card or IBAN. It is possible to withdraw cash from a card in Ukraine at any ATM or bank cash desk, the fee and exchange rate depends on the conditions of the bank issuing the payment card. When filling out an application for a money transfer on the website or in the mobile application, you must:

  • choose the country of the sender and recipient;

  • enter the amount to be sent, select the desired speed of crediting the transfer, as well as the desired currencies of sending and receiving;

  • add information about the recipient (name in Latin, card details or IBAN);

  • enter your payment card details in the payment method section.

How to transfer money to an IBAN account?

IBAN is an international bank account number format. Its purpose is to simplify financial transactions between payment institutions from different countries. To send money by IBAN using TransferGo to Ukraine, it is only necessary to find out from the recipient his bank account number, which begins with the letters UA. In other respects, the sending process is as simple as sending to a debit or credit payment card.

What is the fee for transferring funds?

TransferGo money transfers involve a sending fee, an exchange rate mark-up and a direct fee for using the card. The exchange rate is fixed in advance, so you know exactly how much money will arrive in the recipient's account. Before transferring, the payment system will display the full debit amount. That is, the TransferGo service is ideal for customers who want to clearly control all costs associated with making money transfers.

Separately, it should be noted that in connection with russian aggression, the company TransferGo canceled the fee for instant transfers to Ukrainian payment cards and bank accounts, and the Strumok service never charge any additional or hidden fees.

How long does a money transfer take

The TransferGo service offers clients different methods of transfer processing in terms of duration. Standard transfer usually arrive within one banking day, depending on the country of the sender and recipient. Instant transfer involves crediting money to the card within 30 minutes.

How to track a TransferGo money transfer?

The status of the transfer can be seen in the personal profile of the TransferGo system on the website or in the mobile application. To do this, you need to enter the appropriate section. As soon as the money is delivered, the status of the transfer will change to "completed".

Advantages and disadvantages of the TransferGo money transfer service

  • The TransferGo payment service pays a lot of attention to the protection of users and the security of transfers.
  • Native language interface.
  • Also, the customer support staff speak many languages, which greatly simplifies communication in case of questions.
  • Another advantage is the availability of the TransferGo mobile application for smartphones.
  • However, there is a drawback - you can pay for a transfer to Ukraine only with a payment card.
  • Thus, TransferGo is one of the best and safest online services that can be used to make international money transfers to Ukraine.

Remit funds from abroad by using money transfer services: