Transfergo Ltd

E-money or payment institution · LONDON, United Kingdom · overall 4.4 / 10

Open in Bank Index

How this 4.4 is built

Average of 10 scored needs: 4.4. Regulation in United Kingdom: 91/100 (World Bank governance indicators). Licence confirmed by a regulator's own list. 2 scores backed by filings or its own pages.

TRANSFERGO LTD is recorded in the global register as an e-money or payment institution in LONDON, United Kingdom. The register names Financial Conduct Authority as its regulator and shows the licence as registered. Established 2012. Collected from open registers.

On its own website: “Move and manage money between borders quickly and affordably with TransferGo.”

Legal name: TRANSFERGO LTD
Regulated by: Financial Conduct Authority
Licence confirmed: yes, on a regulator's own list
Established: 2012
LEI: 2138006OSP9B2OSQBQ32
Website: www.transfergo.com/

Scores, 0 to 10

6.0United Kingdom

Licensed and operating in its home country per the register entry; the depth of its offer here has not been checked yet. · source

6.0Fast digital onboarding

An e-money or payment institution: it moves money and issues accounts but takes no deposits and lends nothing. · source

6.0Online businesses: e-commerce and SaaS

An e-money or payment institution: it moves money and issues accounts but takes no deposits and lends nothing. · source

5.5Fintech companies that need a partner bank

An e-money or payment institution: it moves money and issues accounts but takes no deposits and lends nothing. · source

5.5Startups & VC-backed companies

An e-money or payment institution: it moves money and issues accounts but takes no deposits and lends nothing. · source

5.0Business cards (Visa, Mastercard)

An e-money or payment institution: it moves money and issues accounts but takes no deposits and lends nothing. · source

4.0Cross-border payments, FX and multi-currency accounts

Its own business page names SWIFT, so payments can leave the country. The score stops at 4.0 because the page did not give the currencies the account holds or the margin on the exchange rate, and the rubric needs both to go higher. · source

4.0Financial strength & stability

An e-money or payment institution: it moves money and issues accounts but takes no deposits and lends nothing. · source

3.5Trade, manufacturing & import-export

An e-money or payment institution: it moves money and issues accounts but takes no deposits and lends nothing. · source

2.5Lowest fees

The bank's own page names the monthly account charge. Transfer and card prices were not read on that page, so this score speaks only for the monthly charge. It reads: “Rest of World, £200 free per month (up to 3 withdrawals), then 3% fee (min £1)” · source

2.0Best interest on business balances

An e-money or payment institution: it moves money and issues accounts but takes no deposits and lends nothing. · source

Sources

Built on public information and the BankStore team's own aggregated experience; no confidential client or partner data. Bank Index and BankStore are not banks. This is information, not financial advice.