Personal Features

TransferGo

25

25

You can sign up as a personal customer with TransferGo from most European countries.

What TransferGo does

  • International money transfers.
  • Regular transfers.
  • Payouts to Visa and Mastercard cards.

What TransferGo doesn’t do

  • Account manager.
  • Digital wallet.
  • Personal travel card.
  • Bill payments.
  • Cash pick up.

Revolut

50

50

Revolut provides digital banking and international money transfer services for personal customers from different countries.

What Revolut does

  • International money transfers.
  • Debit cards.
  • Unique multi-currency accounts.
  • Direct debits.
  • Receive money.
  • Budgeting tools.
  • Create Vaults to save money faster.
  • Access to cryptocurrencies.
  • Bill splitting.
  • Revolut Junior Account for children aged 12 to 17.

What Revolut doesn’t do

  • Personal account managers.
  • Hedging tools.
  • Cash pickup.

Revolut wins!

Revolut scores better in the Personal Features category.

Revolut
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Winner

Business Benefits

TransferGo

13

13

TransferGo's business services are fairly limited.

What TransferGo business account offers

  • International money transfers.
  • API integration.
  • Batch payments.

What TransferGo business account doesn’t offer

  • Business travel cards.
  • Currency specialists.
  • Forward contracts and market orders.
  • Multi-currency accounts.
  • Digital wallets.
  • Integration with Xero or MyBooks.
  • Online seller solutions.

Revolut

56

56

Businesses signing up with Revolut can receive multiple benefits.

What Revolut for business offers

  • International money transfers.
  • Unique multi-currency accounts.
  • Business debit cards.
  • Automated accounting with Xero, Freeagent and QuickBooks.
  • Integration with Zapier and Slack.

What Revolut for business doesn’t do

  • Account managers.
  • Solutions for online sellers.
  • Hedging tools.
  • Mass payments.

Revolut wins!

Revolut scores better in the Business Benefits category.

Revolut
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Winner

Fees & Exchange Rates

TransferGo

25

25

TransferGo fees

TransferGo fees vary based on the location of the sender and the desired transfer speed. 
 

TransferGo exchange rates

TransferGo adds a markup of 0% - 3.3% on existing mid-market rates.


Revolut

13

13

When you use your Revolut card to make international transactions, you benefit by getting existing interbank rates. Revolut fees depend on the type of account you open and where you live.

Subscription fees

RegionAccount typeMonthly subscription fee
The USStandard$0
Premium$9.99
Metal$16.99
The UKStandard£0
Premium£6.99 
Metal£12.99

Other fees for US customers

Fees for ATM withdrawals

Account typeFees
StandardNo fee up to $300 per month, then a 2% fee applies.
PremiumNo fee up to $600 per month, then a 2% fee applies.
MetalNo fee up to $1,200 per month, then a 2% fee applies.

Fees for international money transfers

Account typeFees
StandardNo fee up to $6,500 per month, then an exchange rate margin applies.
PremiumUnlimited free transfers.
MetalUnlimited free transfers.

Revolut exchange rates

Revolut provides interbank exchange rates when processing international money transfers involving major currencies, provided they fall within a customer's monthly allowance limit. Transfers that involve THB (Thailand) and UAH Ukraine) come with markups, as do cryptocurrency exchanges. The markup depends on the type of account you hold.

Fees for foreign exchange outside market hours

 High-frequency Standard customersPremium customersMetal customers
Major currencies0.5%0.5%0.5%
THB and UAH1.5%2%2%
Cryptocurrencies3%1.5%1.5%

Fees for receiving money

You don't have to pay any fees to receive money into your Revolut multi-currency accounts. However, the sender might need to pay intermediary bank fees. For example, a sender transferring EUR from Ireland into your EUR-denominated account in the UK might still need to pay intermediary bank fees. This is because the multi-currency accounts offered by Revolut are physically located in the UK.


TransferGo wins!

TransferGo scores better in the Fees and Exchange Rates category.

TransferGo
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Winner

Ease of Use

TransferGo

82

82

What TransferGo does well

Payment options:

  • Bank account transfers.
  • Debit card payments in GBP, EUR, PLN, NOK, SEK and DKK.
  • Credit card payments in GBP, EUR, PLN, NOK, SEK and DKK.

Multilingual website - You can use the TransferGo website in different European languages.

Transfer speed - Most transfers process in 1 - 2 working days. TransgerGo also provides 30-minute and Same Day transfers in some countries.

Signing up - Sign up using the TransferGo website or app.
 

Where TransferGo could improve

Phone transfers - You can not carry out transfers over the phone.

Mobile app - Available for iOS and Android. However, a number of Android users have highlighted functionality-related problems.

Transfer limits -  A maximum limit of £2,500 applies on card payments.


Revolut

71

71

What Revolut does well

Sign up process - Create a new account with ease by using the Revolut app.

Payment options - Bank account transfers, debit cards and credit cards..

Apple Pay and Google Pay - Link your Revolut account to Apple Pay or Google Pay to make fast and easy payments.

Mobile app - Available for iOS and Android.
 

Where Revolut could improve

Website access - Customers can not use the Revolut website to access their accounts or send money. They need to use the Revolut app.


TransferGo wins!

TransferGo scores better in the Ease of Use category.

TransferGo
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Winner

Support & Countries

TransferGo

75

75

What TransferGo does well

Supported destination countries for bank transfers - Send money to local bank accounts in more than 65 countries.

Supported destination countries for card transfers - Send money to Mastercard and Visa cards in 25 countries.

30-minute delivery - Use this option to send money to over 35 countries.

Customer support - Get multilingual support over the phone or via email.
 

Where TransferGo could improve

Registration countries - TransferGo only accepts customers within Europe.


Revolut

50

50

What Revolut does well

Supported currencies for transfers - Use Revolut to send money in 28 currencies.

Customer support - Local phone support in different countries and 24/7 chat support.
 

Where Revolut could improve

Supported registration countries - Revolut can improve by increasing the number of registration countries outside of Europe.


TransferGo wins!

TransferGo scores better in the Support and Countries category.

TransferGo
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Winner

Trust & Transparency

TransferGo

44

44

TransferGo is a reliable money transfer company. 
 

What TransferGo does well

Regulated - TransferGo is regulated by government bodies in the UK and Lithuania.

Safety of funds - Segregated bank accounts used for holding clients' funds.

Trustpilot - Rates as Excellent.
 

Where TransferGo could improve

Transparency in rates - TransferGo exchange rates come with markups, which can be up to 3.3% in some cases. The company does not notify customers of the markups it adds.


Revolut

44

44

What Revolut does well

  • Revolut is licensed to provide services in the US, the UK, the European Union, Australia and Singapore.
  • Fingerprint identification.
  • Rating of Excellent on Trustpilot.

Where Revolut could improve

Addressing customer complaints - Some Revolut reviews on Trustpilot mention customers' accounts being locked and their money going missing. Quick resolution of such complaints would work well in increasing trust levels.


It’s a draw!

Both equally compare in the Trust and Transparency category.

It's a draw!
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Draw

The Result

Winner ribbon iconWinner

 Revolut

It's TransferGo by a hair, or three points!  Revolut dominates with its business and individual services but TransferGo nudges them out with their cheaper fees and exchange rates and quality services.  Both tie in the Trust and Transparency category.