Is TransferGo Legit; Sending money internationally used to be quite a cumbersome process but thanks to the emergence of several fintech apps, the whole experience has become more straightforward. These apps have changed the way we send money worldwide, making it easier and more convenient.
TransferGo is a payment service provider that offers a user-friendly solution for sending money across international borders. With their services, you can send money to over 160 countries, all from the comfort of your own location, and the process takes just minutes. TransferGo’s flexibility extends to weekends, allowing you carry out transactions when it’s most convenient for you.
According to their website, TransferGo asserts that they are approved by the FCA and regulated by EU and UK laws.
Features of TransferGo
- Send Money from UK to Nigeria: TransferGo allows you to send money from the UK to Nigeria and all transfers to Nigeria are absolutely free. You have the flexibility to choose from instant card transfers, bank transfers, or next-day transfers.
- User-Friendly App: TransferGo’s app is available on both Google Play Store and Apple App Store, making it accessible for users of both Android and iOS devices. This means you can manage your transfers right from your mobile device, wherever you are.
- Sending Options: With TransferGo, you have the freedom to choose how much you want to send and when you want to send it. They allow you send funds from European currencies to Naira and USD, giving you flexibility in currency options.
- Receiver’s Details: Adding the receiver’s information is easy. You only need their full name, bank account number or NUBAN, or card details to get started.
- Payment Methods: TransferGo offers two payment methods. You can pay by bank transfer or by card, and the exchange rate remains the same. You have control over how you want to make your transfer.
When using TransferGo, there are a few requirements to keep in mind:
- ID Verification: To get started, you’ll need to verify your identity. This is a standard procedure for the first time you send money through TransferGo. You’ll be asked to provide proof that you’re a resident in the country you’re sending from.
- Receiver’s Details: All necessary information about the recipient is required. This includes their full name and their bank details.
- Your Payment Method: For your first transfer, you’ll need to have your payment method details at hand. This includes your card or bank details.
Also Read: RenMoney Loan Review: Legit or Scam?
Before you use TransferGo, it’s important to do some research. This means learning how it works, what fees it charges, and what its terms and conditions are. You can also read customer reviews to see what other people have experienced.
Doing your research will help you make an informed decision about whether or not TransferGo is the right service for you.
Here are some specific things you can research:
- Fees: TransferGo charges fees for their services, so it is important to know how much these fees are.
- Exchange rates: TransferGo offers exchange rates for different currencies. It is important to compare the exchange rates offered to other money transfer services.
- Terms and conditions: TransferGo has terms and conditions that you need to agree to before using their service. It is important to read and understand these terms and conditions.
- Customer reviews: Customer reviews can give you an idea of what other people have experienced when using TransferGo.
Once you’ve done your research, you’ll be able to make an informed decision about whether or not TransferGo is the right service for you.