Overview
TransferGo Business, at a glance.
TransferGo Business is an e-money institution headquartered in the United Kingdom, regulated by Bank of Lithuania, FCA. The business account has no monthly fee. Opening an account takes 3–5 days.
Funds are safeguarded in separate accounts at regulated credit institutions.
Why businesses pick TransferGo Business
- Free to set up and no monthly fee
- Currency exchange from 0.35%
- Pays out in 36 currencies
- Open to sole traders, partnerships, charities and trusts as well as companies
- Trustpilot score of 4.6 from more than 38,000 reviews
Watch out for
- Holds only four currencies: GBP, EUR, RON and PLN
- Only for businesses registered in 32 listed countries
- No business cards
- Built around sending money, with few account features beyond that
Business fit
Will TransferGo Business accept your business?
Four quick answers. Where your company is registered and what it does rule a provider in or out faster than anything else.
Based on TransferGo Business's published rules
Likely fit
TransferGo Business lists both United Kingdom companies and E-commerce as accepted.
TransferGo Business does not publish a minimum company age or turnover, so those two answers are not checked here.
This is one provider. Your profile checks all of them.
- Every provider that fits your business
- The reason behind each match
- Company age and turnover checked too
Who it works with
Accepted and not accepted.
What TransferGo Business publishes about the businesses it takes on.
Who TransferGo Business serves
- E-commerce
- IT and software
- Import and export
- Freelancers
- Startups and SMEs
All 10 industries on TransferGo Business's accepted list
- E-commerce
- Technology
- Entertainment
- Manufacturing
- Retail
- Automotive
- Equipment
- Food and beverage
- SMEs and scale-ups
- Suppliers, freelancers, employees and subsidiaries
Not supported
Industries and countries TransferGo Business does not accept, from its own published lists.
Industries
- Not published
Countries
- Not published
Coverage
Where can you use TransferGo Business?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
4 currencies
Hold and receive · 4 currencies
- EUR
- GBP
- PLN
- RON
Pay out · 36 currencies
- EUR
- USD
- GBP
- CHF
- CAD
- AUD
- JPY
- BGN
- BHD
- CZK
- DKK
- HKD
- HUF
- IDR
- ILS
- INR
- KES
- KWD
- LKR
- MXN
- NGN
- NOK
- NPR
- NZD
- OMR
- PHP
- PKR
- PLN
- QAR
- RON
- SAR
- SEK
- SGD
- TRY
- UAH
- ZAR
Payment reach
Not published
Who can apply
Company incorporation countries32 countries · show list
- United Kingdom
- Germany
- Poland
- Romania
- Lithuania
- Austria
- Belgium
- Bulgaria
- Croatia
- Cyprus
- Czechia
- Denmark
- Estonia
- Finland
- France
- Greece
- Hungary
- Iceland
- Ireland
- Italy
- Latvia
- Liechtenstein
- Luxembourg
- Malta
- Netherlands
- Norway
- Portugal
- Slovakia
- Slovenia
- Spain
- Sweden
- Türkiye
Owner nationality
Not publishedOwner residency
Not publishedCompany types
Limited companies, Public companies, Partnerships, Sole traders, Charities and trusts
Pricing
What does TransferGo Business cost?
Look beyond the monthly fee. Your total cost depends on how many transfers you make, where they go and how much you convert.
Account cost
Opening fee
Free
Monthly fee
Free
Business account
€0 per month
€0 setup · €0 in year one
Transaction fees
Other fees
Currency exchange (FX)
| Cost | Listed amount | How it is charged |
|---|---|---|
| FX markup | From 0.35% | Percentage of the amount |
Cards
| Cost | Listed amount | How it is charged |
|---|---|---|
| Virtual card issue | Not offered | Not available |
Onboarding
From application to live account.
Opening an account typically takes three to five business days.
- 1
Sign up
Create a business account online.
- 2
Business details
Enter the registration number and details of the business.
- 3
Identity
Upload identity documents; confirmation follows within minutes.
- 4
Account live
Add funds and start sending payments.
Documents you need
- Business extract or registration certificate
- ID for authorised users/directors/shareholders
- Registry extract
- Articles of Association where applicable
- Ownership/organisation documents
- Possible proof of funds/address/residence
- Tax identification number
FAQ
Your questions, answered.
Is TransferGo a bank?
No. UAB TransferGo Lithuania is an e-money institution licensed by the Bank of Lithuania, register code LB000461, and TransferGo Ltd is authorised by the UK FCA, reference 991295.
How much does TransferGo Business cost?
Setting up and keeping the account is free. Currency exchange costs from 0.35% over the mid-market rate.
Which countries can open a TransferGo Business account?
Businesses registered in 32 countries: the UK, the countries of the EEA and Turkey.
Can sole traders use TransferGo Business?
Yes. Sole traders, partnerships, charities and trusts can apply, as well as limited and public companies.
Which currencies does TransferGo Business support?
You can hold GBP, EUR, RON and PLN, and send payments in 36 currencies.
Alternatives
How TransferGo Business compares.
If TransferGo Business is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 TransferGo BusinessThis pageE-money institution |   | Free accountSole traders |
 Wise BusinessE-money institution |  | Low FX costsStandard businesses |
 Paysend BusinessE-money institution |   | UK companies33 currencies |
 Revolut BusinessBank | | Cards and spend controlsStartups and SMEs |
 PayseraE-money institution |  | Low fees16 support languages |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.