Vigo Review

Vigo Review Summary

The VIGO by Western Union has been offering its customer money transfer services for over 30 years. Send money online, in person with choice and convenience to almost anywhere in the world with Vigo.

Vigo review
Vigo Features

Vigo Year Established

1990

Vigo International Clients

Vigo accepts international clients.

Vigo Age requirement

18 years

Vigo Currencies Offered

38 online

Vigo Minimum Transfer

none

Vigo Transfer Fees

4.99 USD

Vigo Office Locations

Headquarters in US, with subsidiary offices and certified agents literally across the globe.

Vigo Employees

500

Vigo Turnover

8570000

Vigo Regulation

Western Union Financial Services, Inc. and Western Union International Services

Vigo Fees

Vigo transfer fees are 4.99 USD.

Fees with Vigo may vary per transfer, depending on method of sending, currencies and amount. Based on World Bank statistics, the fixed fee can be as high as 19 Pounds for 120 Pound transfer to Ethiopia (source).

Additionally to the fixed fees taken by Vigo, the World Bank Statistics reveal that an additional markup of between 1 and 4 per cent is incurred.

Vigo Client Rating

Vigo has a rating of 3.

Number of Vigo customers

500000

Vigo Website

https://moneyaccounts.com/vs/torfx-vs-rabobank/

Vigo Supported Languages

Month Savings
January $100
February $80

Vigo Review

Vigo review
Pros and Cons of Transferring Money with Vigo

Most of the time money transfers with Vigo will be smooth. Each money transfer service have their own benefits and isses, so always weigh the pros and cons of sending money with Vigo money prior to submitting an application to Vigo.

Can you easily afford the Vigo fees, are the exchange rate costs reasonable with Vigo?

Vigo review
Vigo Advantages

  • Vigo has been in business over 4 years
  • Vigo is availble in many international countries.
  • Vigo offers a wide range of money transfer currency options.
  • Vigo offers an Apple iOS mobile application.
  • Vigo offers an Android Google Play Store mobile app.

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Vigo Disadvantages

  • Vigo does not offer PayPal as a payment method
  • Vigo does not offer Neteller as a payment method
  • Vigo does not offer Skrill as a payment method
  • Vigo does not offer a mobile wallet.
  • Vigo does not offer Home delivery for money transfers.
  • Vigo does not offer Cash pickups for money transfers.
  • Vigo does not offer Money orders.
  • Vigo does not offer Livechat support.
  • Vigo does not offer phone support.
  • Vigo does not offer email support.

What Is Vigo?

Vigo is a financial service company, that offers its clients money transfer services.

Vigo was founded in 1990 by and has offices in Florida, US.

Vigo provides money transfer services to its 500000 customers who are from all over the world including Most of the countries around the globe.

The Florida, US Vigo business was founded in 1990 to deliver money orders locally and internationally.

Do Vigo Offer Money Transfer?

Money transfer businesses, or other financial corporations use EFT (electronic funds transfer) to send money across distances, large or small. That is to say that it is not actual money being sent, it is rather data that represents the amount being sent that the recipient can withdraw whenever they wish.

Is Vigo Trusted And Established?

Vigo is among the most recognized and reputable money transfer platforms. It has an exceptional track record and offers reasonable rates.

Vigo was established in 1990 in Florida, US, and has been in operation for around 34 years Vigo have a head office in Florida, US.

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How much does it cost to send a Vigo Transfer?

Vigo money transfer exchange rates are quite minimal compared to banks and other money transfer providers. A minimal percentage is charged on top of the exchange rate as standard practice. Vigo only charges 4.99 USD, when compared to other money transfer service providers.

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How much can I send with Vigo?

The maximum transfer amount with Vigo is up to none (or its currency equivalent) online.

While Vigo charges a small percent of transfer fees, the brand offers reasonable exchange rates.

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Vigo Money Transfer Terms and Conditions

When transferring money with Vigo, it is crucial to keep tabs on the following:

  1. Vigo Speediness. Often the need to money transfer may be urgent and time critical.
  2. Vigo Reliability and reputation. The safety of money and personal information can be a concern for those wanting to use international money transfer services to send money.
  3. Vigo Transaction charges. Transaction charges are important as the majority of customers wish to send money overseas without having to worry about paying excessive charges.
  4. Vigo Ease of use, and convenience. Your money transfer platform should be flexible and offer a good range of options and features, making it more convenient for customers to send money overseas.
  5. Vigo Customer service. Because one can often run into problems when transferring money. A money transfer platform with excellent customer service could solve a lot of problems. Vigo customer service should respond to your queries quickly and work with you to resolve any issues that you have.

Vigo review
How Vigo Compares To Other Money Transfer Companies

NameVigoXE Money TransferWise Multi-Currency Account
Usedby50000028000000011000000
Transfer Time3 business days1-4 business days1-2 business days
Min TransfernoneUS$1.001 USD
Max TransfernoneUS$500,000.00 (or equivalent)1000000 USD/transaction/day (personal), 3000000 USD/transaction/day (business)
Payment Methodscredit, debit, electron, maestroBank transfer, credit card, debit cardBank transfer, debit card, credit card, SOFORT transfer
iOS Appyesyesyes
Android Appyesyesyes

Vigo review
Vigo Risk Warning

Any taxes or charges are payable in the destination country. costs may exist that are not paid through Vigo or imposed by Vigo. Your Vigo money transfer transaction may be cancelled if it is demmed to be connected with prohibited activities including all applicable laws regarding anti money laundering or counter terrorism financing laws. or the transaction is actioned through unauthorised use of your Vigo account.

Vigo review
Vigo Fees & Exchange Rates

Several money transfer platforms like Vigo charge money for every money transfer a customer makes through their platforms. Other than that, every time an individual exchanges money from one particular currency to another, the money transfer operator in this case Vigo may charge for a currency exchange.

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Vigo Transfer Fees

A transfer fee is the sum of money that a money transfer operator like Vigo charges a customer for transferring money to a recipient. The amount charged depends on the operator charging it.

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Vigo Exchange Rate Margins

Exchange rate margins are how Vigo, banks and other financial corporations make profit off their services instead of charging customers with commission fees.

When a bank or a money transfer service like Vigo quotes an exchange rate to a customer, they usually take the interbank rate and add an amount known as a margin rate. Check with Vigo to see what their exchange rate margin is.

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Vigo Methods to Transfer Funds

A Vigo fund transfer is when someone sends money from their account to another person's account. Money can be transferred using different methods, e.g. online, via the phone, or a mobile app.

The methods to transfer funds are:

  • Manual EFT
  • Automatic EFT
  • Bill payment
  • Correction

Vigo enables users to transfer money using bank transfer, via none.

Vigo review
Vigo Currencies Supported

Money transfer operators that offer more currency options are beneficial because they make for reduced conversion fees. This way customers do not have to pay exorbitant conversion fees when transferring money.

Vigo offers every available world currency to its customers. We list the major Vigo supported currencies below.

Vigo Money Transfer Currencies
NameCurrencies
AUD, BHD, BRL, GBP, CAD, CLP, CNY, CZK, DKK, EUR, HKD, HUF, INR, ILS, JPY, JOD, KES, KRW, KWD, MXN, NAD, NZD, NOK, OMR, PLN, QAR, RON, RUB, SAR, SGD, ZAR, SEK, CHF, XPF, TND, TRY, AED, USD
AED, BDT, BHD, BTN, HKD, IDR, ILS, INR, JOD, JPY, KWD, LKR, MYR, NPR, OMR, PHP, PKR, QAR, RUB, SGD, THB, TRY, TWD, VND, BAM, BGN, CHF, CZK, DKK, EUR, GBP, HRK, HUF, NOK, PLN, RON, RSD, SEK, BBD, CAD, CRC, DOP, GTQ, HNL, JMD, MXN, TTD, USD, XCD, AUD, FJD, NZD, TOP, WST, ETB, GHS, GMD, GNF, KES, MAD, MUR, MZN, RWF, SLL, TND, TZS, UGX, ZAR, ARS, BOB, CLP, COP, GYD, PEN, PYG, UYU
AED, ARS, AUD, BDT, BGN, BWP, CAD, CHF, CLP, CNY, CRC, CZK, DKK, EGP, EUR, GBP, GEL, GHS, HKD, HRK, HUF, IDR, ILS, INR, JPY, KES, KRW, LKR, MAD, MXN, MYR, NGN, NOK, NPR, NZD, PEN, PHP, PKR, PLN, RON, RUB, SEK, SGD, THB, TRY, TZS, UAH, UGX, USD, UYU, VND, XOF, ZAR, ZMW
ALL, ARS, EUR, BSD, BDT, XOF, BOB, BRL, BGN, BIF, USD, XAF, CLP, CNY, COP, KMF, CRC, HRK, CZK, DOP, EGP, ETB, FJD, GMD, GHS, GTQ, GNF, GYD, HNL, HUF, INR, IDR, JMD, JPY, JOD, KES, MGA, MWK, MYR, MXN, MAD, NPR, NGN, PKR, PYG, PEN, PHP, PLN, RON, RUB, RWF, SLL, ZAR, KRW, LKR, TSZ, THB, TND, TRY, UGX, UYU, VND, ZMW
AED, AUD, BGN, BRL, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, IDR, INR, JPY, MYR, NOK, NZD, PLN, RON, TRY, SEK, SGD, USD, ARS, BDT, BWP, CLP, CNY, COP, CRC, EGP, GEL, GHS, ILS, KES, KRW, LKR, MAD, MXN, NGN, NPR, PHP, PKR, RUB, THB, UAH, UGX, UYU, VND, XOF, ZAR, ZMW
AED, EUR, PLN, AUD, GBP, SEK, CAD, HKD, SGD, CHF, HUF, USD, CZK, NOK, ZAR, DKK, NZD
AED, ARS, AUD, BDT, BGN, BRL, BWP, CAD, CHF, CLP, CNY, COP, CRC, CZK, DKK, EGP, EUR, FJD, GBP, GEL, GHS, HKD, HRK, HUF, IDR, ILS, INR, JPY, KES, KRW, LKR, MAD, MXN, MYR, NGN, NOK, NPR, NZD, PHP, PKR, PLN, RON, RUB, SEK, SGD, THB, TRY, TZS, UAH, UGX, UYU, VND, XOF, ZAR, ZMW
AUS, SGD, HKD, INR, MYR, EUR, GBP, USD, CAD, JPY, NZD
USD, AUD, CHF, EUR, HKD, JPY, BBD, BMD, BSD, DKK, GYD, INR, JMD, KYD, MXN, NOK, NZD, SAR, SEK, SGD, TTD, ZAR, GBP
AUD, BGN, CAD, HRK, CZK, DKK, EUR, HKD, HUF, INR, ILS, JPY, JOD, MYR, MAD, NZD, NOK, OMR, PLN, GBP, QAR, RON, SAR, RSD, SGD, ZAR, KRW, SEK, CHF, THB, TRY, AED, USD
AED, AUD, BND, CAD, CHF, CZK, DKK, EUR, FJD, HKD, HUF, IDR, ILS, INR, IRR, JPY, KRW, KWD, LKR, MAD, MXN, MYR, NGN, NZD, OMR, PEN, PGK, PHP, PKR, PLN, SAR, SCR, SDG, SEK, SGD, THB, TOP, TRY, TWD, USD, VND, VUV, WST, XOF, XPF, ZAR
EUR, GBP, USD, CAD

Vigo review
Vigo Transfer Options

Vigo offers the following transfer options:

Vigo Money Transfer Options Compared
NameTransfer Options
bank deposit
Bank deposit
Bank deposit, mobile wallet deposit
Bank deposit, cash pick-up, home delivery, mobile wallet deposit.
Bank deposit, mobile wallet deposit
Bank deposit, mobile wallet deposit
Bank deposit, mobile wallet deposit
Bank deposit, cash pick-up (Philippines)
bank deposit, cheque, wire transfer, debit card, credit card
Bank deposit, cash pick-up, VISA & MasterCard, ATMs, mobile wallet deposit (depending on country)
Bank deposit
Bank deposit, cash pick-up , door-to-door delivery

Single Payments

’Single payments’ is a term used to recognize a one-time money amount from an allowance. For a single payment, the user may use a single credit card (or debit card) and have a single invoice.

Regular Payments

A regular payment is a highly economical and easy way to transfer money with Vigo. It is best suited for customers who have to transfer regular smaller amounts (usually three, four, or smaller five-digit amounts).

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Who Vigo Services Are Available To

Vigo offers services for sixty different currencies across more than one-seventy countries.

The more global a money transfer operator becomes, the more reliable it is for people across the globe.

Vigo Country Restrictions

Vigo does not operate in the following countries :

  • Afghanistan
  • Aland Islands
  • American Samoa
  • Angola
  • Anguilla
  • Antarctica
  • Antigua and Barbuda
  • Barbados
  • Belize
  • Benin
  • Bhutan
  • Bonaire (including Sint Eustatius and Saba)
  • Bouvet Island
  • British Indian Ocean Territory
  • Burkina Faso
  • Burundi
  • Cape Verde
  • Central African Republic
  • Chad
  • Cocos (Keeling) Islands
  • Comoros
  • Congo
  • Democratic Republic of
  • Congo
  • Republic of
  • Cook Islands
  • Crimea
  • Cuba
  • Curacao
  • Djibouti
  • Equatorial Guinea
  • Eritrea
  • Faroe Islands
  • Fiji
  • French Guyana
  • French Polynesia
  • French Southern Territories
  • Gabon
  • Gambia
  • Greenland
  • Grenada
  • Guadeloupe
  • Guinea
  • Guinea-Bissau
  • Guyana
  • Haiti
  • Heard Island and Mcdonald Islands
  • Holy See (Vatican City State)
  • Iran
  • Iraq
  • Ivory Coast (Cote d'Ivoire)
  • Japan
  • Kiribati
  • Kosovo
  • Kyrgyzstan
  • Lao People’s Democratic Republic
  • Lebanon
  • Liberia
  • Libya
  • Macao
  • Mali
  • Marshall Islands
  • Martinique
  • Mauritania
  • Mayotte
  • Micronesia
  • Federated States of
  • Montserrat
  • Myanmar
  • Namibia
  • Nauru
  • New Caledonia
  • Niger
  • Niue
  • Norfolk Island
  • North Korea
  • Northern Mariana Islands
  • Palau
  • Palestinian Territory
  • Papua New Guinea
  • Reunion
  • Pitcairn
  • Rwanda
  • Saint Barthelemy
  • Saint Helena
  • Saint Kitts and Nevis
  • Saint Lucia
  • Saint Martin
  • Saint Pierre and Miquelon
  • Saint Vincent and the Grenadines
  • Sao Tome e Principe
  • Seychelles
  • Sierra Leone
  • Sint Maarten
  • Solomon Islands
  • Somalia
  • South Georgia and the South Sandwich Islands
  • Sudan (North and South)
  • Suriname
  • Svalbard and Jan Mayen
  • Syria
  • Tajikistan
  • Timor-Leste
  • Togo
  • Tokelau
  • Tonga
  • Turkey
  • Turkmenistan
  • Turks and Caicos Islands
  • Tuvalu
  • Vanuatu
  • Venezuela
  • Wallis and Futuna
  • Western Sahara
  • Western Samoa
  • Yemen
  • Zimbabwe
  • Crimea
  • Cuba
  • Iran
  • Libya
  • North Korea
  • South Sudan
  • Sudan
  • Syria

Certain countries are restricted because Vigo is not allowed to legally operate in those regions or it is not economically viable for Vigo to provide money services in these regions.

Vigo review
Vigo International Money Transfers

An International Transfer is when someone sends money from their account in one country to a bank account in another country.

Setting up your Vigo money transfer is quick and simple with the modern Vigo online platform.

Transferring money internationally used to be a tedious process 10 years ago but advances in software and the internet have made transferring money allot easier.

These days, you can send a money transfer with ease on the Vigo website.

The Vigo website includes useful and easy-to-access option for those who wish to track their money and monitor when it can be received, providing a safe and accessible option if you'd like to keep an eye on your transfer.

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Vigo Minimum Money Transfer

Several money transfer companies do not have a minimum money transfer amount. Making it easy for their users to send small amounts of money. Vigo has a minimum transfer amount of none.

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Vigo Maximum Money Transfer

Money transfer companies often do not have maximum transfer limits. For example, Vigo does not have a maximum transfer limit when the user is paying through phone. There is however, a none limit per transaction for online transfers.

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Vigo Money Transfer Fees and Charges

These are the fees charged by Vigo and other money transfer companies (or other financial corporations) for transferring money. Several companies however, do not charge their users for transferring money. The only charges there are to pay are currency conversion charges.

Vigo review
How Long Does It Take to Get a Vigo Money Transfer

Vigo money transfers do not usually take very long. It normally takes less than 24 hours for a money transfer to complete between two accounts with the same financial corporation. While in the case of money transfers with money transfer services like Vigo, it can take a little as a few minutes. If the money is being sent overseas, it can take up to five days for the recipient to receive the money from Vigo.

Vigo review
Vigo PLC Status

If a company has the acronym PLC at the end of its name, it means that the business offers its shares to the public and is traded on a public stock exchange. This alone makes the company more reputable. Vigo is not a publically listed company. Vigo is a privately owned company.

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Vigo Money Orders

The charges for issuing money orders with Vigo are 4.99 USD.

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Vigo Mobile Top Up

Vigo offers mobile top ups.Vigo mobile top ups are where a user can add credit to a recipient’s mobile phone number. The recipients number has to be local. These are normally processed within minutes, if not seconds.

Vigo COVID-19 Help

Some money transfer companies offer COVID-19 financial assistance. This may be in many forms including payment holidays, reduced interest rates and more options to pay. Check with Vigo directly to see what they are able to offer if you are adversely affected by COVID-19.

Who are Vigo Money Transfers Best For

There may be many reasons you are looking to action a money transfer with Vigo. These reasons can include debt consolidation, medical bills, student debt, collection agency debt, wedding costs, holidays, home repairs and repaying friends and family.

Vigo money transfers are best for people looking for looking for a reliable fast money transfer service.

Vigo Guide for Fast Money Transfer Approval

For Vigo to be able to process your money transfer application as quickly as possible make sure you have everything Vigo need. If you and Vigo need to go back and forth it may delay the Vigo application process. Make sure every piece of information you give Vigo is accurate.

Please note that you must have at least a minimum of one active bank account for Vigo to process your money transfer.

Vigo Application Time

Application time refers to the amount of time you have to wait for your Vigo registration to be approved. This should not take long, especially if you have nothing which should come up as red flag on the Vigo system.

Vigo Approval Time

It is the time it takes for Vigo money transfer operator to approve the money transfer being made. Depending on the situation this can take up to five days.

Vigo Funding Time

It is the amount of time it takes for the recipient to receive the money transfer. Once your Vigo money transfer has been approved the money should be in your account within four working days.

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Things to Check Before a Vigo Money Transfer

Why more features are useful for modern life’s and why new challenger banks are starting to beat traditional banks.

Here are a number of important things to consider before considering Vigo money transfer:

  1. Reliability and safety
  2. Making preparations before the transaction
  3. Convenience
  4. Transfer and conversion rates
  5. The quality of the customer service offered

Vigo review
Vigo Customer Support

Vigo support should be there to help customers with their issues which includes answering their queries, guiding them through and difficult processes and issues when transferring money. Vigo customer support should troubleshoot any issues with you until you get to a resolution that you are happy with.

When getting a Vigo money transfer you will want to speak to a Vigo representative in a language that you are comfortable with. All your Money Transfer queries and issues should be resolved quickly.

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Does Vigo Offer Live Chat?

Customers can reach out to Vigo through live chat to resolve Vigo money transfer account issues or difficulties with their Vigo account that they can't solve. Live chat, or live support is a real-time live chat feature used by customer support representitives allowing customers to instant message to and receive guidance from a trained agent regarding a your money transfer related query.

Vigo review
How does Vigo Compare with Other Money Transfer Companies?

When deciding upon a money transfer company like Vigo you will want to know how Vigo compares with other leading online money transfer companies. See how Vigo compares below.

  1. Visit Vigo alternative XE Money Transfer

    Used By: 280000000
    Currencies Available: 76
    Transfer Fees: none
    Payment Methods: Bank transfer, credit card, debit card
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$500,000.00 (or equivalent)
    Year Founded: 1993

  2. Visit Vigo alternative Wise Multi-Currency Account

    Used By: 11000000
    Currencies Available: 54
    Transfer Fees: 0.5%-1%
    Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: 1 USD
    Max Transfer: 1000000 USD/transaction/day (personal), 3000000 USD/transaction/day (business)
    Year Founded: 2011

  3. Visit Vigo alternative Remitly

    Used By: 3000000
    Currencies Available: 63
    Transfer Fees: 0-3.99$
    Payment Methods: Bank transfer, credit/debit card
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$20,000.00
    Year Founded: 2011

  4. Visit Vigo alternative Wise

    Used By: 11000000
    Currencies Available: 54
    Transfer Fees: 0.5%-1%
    Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$1,000,000 (varies based on currency)
    Year Founded: 2011

  5. Visit Vigo alternative CurrencyFair

    Used By: 150,000
    Currencies Available: 17
    Transfer Fees: 0.45%
    Payment Methods: Bank transfer, debit card
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: £5.00 (or equivalent)
    Max Transfer: £10,000,000.00 (or equivalent)
    Year Founded: 2009

  6. Visit Vigo alternative Wise Business

    Used By: 11000000
    Currencies Available: 55
    Transfer Fees: 0.5%-1%
    Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: 1 USD
    Max Transfer: 1000000 USD/transaction/day (personal), 3000000 USD/transaction/day (business)
    Year Founded: 2011

  7. Visit Vigo alternative InstaReM

    Used By: 130000000
    Currencies Available: 11
    Transfer Fees: 0%-1%
    Payment Methods: bank transfer, POLi payment (Australia), debit card (EU residents), ACH Pull (US residents), FPX (Malaysian residents)
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: $1 (minimum sending amounts could differ based on certain currency pairs)
    Max Transfer: No limit (different countries have regulatory limits on outward and inward flow of remittances originating from or to the country)
    Year Founded: 2014

  8. Visit Vigo alternative Scotiabank

    Used By: 25,000,000
    Currencies Available: 23
    Transfer Fees: none
    Payment Methods: Bank transfer, debit card, credit card, apple pay, google pay, Scotiabank Saddletone gift cards
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: none
    Max Transfer: 10000 USD
    Year Founded: 1832

  9. Visit Vigo alternative Skrill

    Used By: 120,000
    Currencies Available: 33
    Transfer Fees: none
    Payment Methods: Cash, bank transfer, debit card, credit card, e-wallet, cryptocurrency (depending on country)
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: US$1.00 (varies based on certain currencies)
    Max Transfer: US$2,500.00 / day (weekly and monthly limites also apply)
    Year Founded: 2001

  10. Visit Vigo alternative MoneyGram US

    Used By: 150000000
    Currencies Available: 46
    Transfer Fees: 0-1.99$
    Payment Methods: pay by card or directly from your bank account
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: none
    Max Transfer: 3000 USD
    Year Founded: 1940

  11. Visit Vigo alternative Xoom

    Used By: 250000000
    Currencies Available: 4
    Transfer Fees: 0$-40$
    Payment Methods: Bank transfer, debit/credit card, PayPal balance
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: US$10.00
    Max Transfer: 2999 USD/day, 6000 USD/month, 9999 USD/3 months
    Year Founded: 2001

Vigo review
Vigo Website and Mobile Apps

Vigo has a website available online but it may be useful to manage your Vigo account from your mobile device like your tablet or phone.

Vigo offers an Android mobile application on the Google Play store.

Vigo offers an Apple IOS mobile application for iPhones and iPads allowing Vigo to users to check their Vigo accounts on their iOS mobile devices.

Vigo review
Vigo Deposit and withdrawal Methods

Vigo offers the following Money Transfer payment methods: credit, debit, electron, maestro. All of significant bank systems are all acknowledged with Vigo.

Vigo offers ACH Payment which is used for direct deposit and debit transfers within the US. It is similar in nature to BACS (for the UK) and EFT (for Canada). Users can pay through bank transfer.

The recipient will receive the money in their bank account and can withdraw it using the method they prefer. They cannot, however, receive the money in the form of cash.

Take note that Vigo may charge additional commissions and fees when using certain payment and withdrawal methods. These fees may not necessarily come from Vigo.

Vigo review
Is My Money Safe With Vigo?

Vigo is a reliable, secure, and trusted option for sending money overseas. Vigo are registered and regulated with the Western Union Financial Services, Inc. and Western Union International Services.These regulatory licenses have strict rules that are enforced. These regulations safeguard the funds entrusted to them by Vigo customers.

Vigo review
Vigo Financial Regulation and Safety of Vigo Funds

Every business that wants to send money across borders (in excess of €3 million per month) must be licenced under the Payment Services Regulations 2017 and the Electronic Money Regulations 2011, both of which were created by the UK government but executed by the FCA for UK residents.

Consumer credit, in simple terms, is credit offered to individuals so they can purchase goods or cover personal expenses. It does not cover long term investments such as purchasing property. It allows for a properly managed economy to function and further encourages economic growth.

Firms like Vigo that offer money transfer to retail customers are legally considered to be offering consumer credit.

A financial regulator ensures that consumers are protected, there is fair competition in the money transfer industry and the integrity of the Financial services industry as a whole is maintained.

Getting a money transfer with a regulated company is essential as it offers an increased level of protection than a money transfer from an unregulated one. This is because regulators are able to enforce strict rules and stop unscrupulous money transfer operators.

Laws differ on who can and cannot offer consumer credit in each country. Credit firms have strict rules that they must follow in order that they are legally allowed to transfer money to consumers. These laws are in place to protect consumers becoming trapped in a money transfer they can never pay off.

Be sure that Vigo is fully licenced as a money transfer company.

Vigo review
Vigo Payment Services Regulations and Vigo

The Payment Services Regulations Directive, is run by the European Commission in order to govern payment services and their providers across the European Union as well as the European Economic Area.

One of its goals has been to make foreign currency transactions transparent, much like currency payments. This is to protect consumers and businesses from being swindled.

What is the Financial Conduct Authority?

The FCA is a control body meant to license money transfer companies. Companies such as banks, Forex brokers, and money transfer operators are monitored the most. This is because they deal in situations that involve many intricacies, such as transferring money and offering loans, etc.

All reputable money transfer businesses that operate within the United Kingdom by law have to be registered and authorised as a payment institution by the Financial Conduct Authority (FCA) to comply with the Payment Services Regulations that were introduced in 2017.

Check Vigo is financially regulated. Vigo is regulated by the Financial Conduct Authority (FCA).

This makes sure that your Money Transfer agreement is above board and safe. In Addition, it Usually Means that Vigo Possess a responsibility of care to their clients.

Is Vigo Registered as a Money Service Business with HM Revenue & Customs

Financial institutions (which do not classify as banks) which convert and transmit money like Vigo are known as Money Service Businesses. While they provide services similar to banks, they are still not considered banks. They offer more varied product options to individuals looking to transmit or convert money.

Financial authorities tend to keep tabs on Vigo and other Money Service Businesses the most because the type of services they offer can leave them vulnerable to be used in financial crimes like money laundering. This is why it is crucial for them to be registered with the HM Revenue and Customs in the United Kingdom.

Vigo Segregation of Client Funds

Vigo as part of their regulation are required to segregate client funds from Vigo company funds and keep all client funds within a bank that is authorised as a credit institution by the regulator. All client funds should be kept in the most reputable third-party financial institutions such as Barclays or the Bank of America.

Vigo regulatory requirements mean that Vigo Money Transfer funds and your funds should be totally separate. Vigo cannot use any money that is still legally yours to conduct Vigo daily business like paying Vigo suppliers and costs. Your funds should be kept by Vigo in a segregated bank account.

Vigo Regulation Checklist

  • Check whether Vigo has authorisation to offer consumer credit
  • Check the type of activities that Vigo are allowed to conduct with their authorisation
  • Check the contact details, trading names and main business of Vigo list on their website and the regulator match.

Vigo Fraud Prevention Features

Fraud prevention is highly crucial when transferring money because once the money is gone, it's gone. Scammers most often gravitate towards money transfers. Lack of fraud prevention procedures can lead to loss of funds, or even identity theft.

Vigo goes to great lengths to protect your Vigo account from fraudulent use. We explain some of Vigo anti-fraud features below:

  1. Vigo has SSL encryption that protects the customer's private information.
  2. Vigo has cutting edge technology that monitors almost everything i.e. from logins to transactions.
  3. The Vigo platform has a bespoke monitoring system that helps to detect and prevents fraud.

Automated Transaction Confirmations

Having instant notifications turned on is not only convenient because the user is instantly alerted whenever there is a payment related activity on their Vigo account, as you are instantly aware of every Vigo transaction these notifications to your phone help you to keep tabs on any suspicious activity.

After conducting a transaction with Vigo, the Vigo accounts primary contact will receive a transaction confirmation confirming the transaction amount, rate exchange applied, and Vigo delivery instructions.

Vigo Monitors Your Account for Suspicious Transactions

Vigo has systems and controls in place to detect fraudulent activity and protect Vigo client accounts from misuse. If Vigo detect a questionable transaction on your Vigo account, Vigo will contact you to verify the transactions legitimacy to ensure your Vigo funds are safe.

How Does Vigo Make Money?

Vigo and other money transfer companies often charge their customers a certain amount of interest fees on every transaction made. The fees depend on the amount of money the customer wishes to transfer. Vigo also earn money via foreign exchange rates.

Money transfer companies like Vigo and banks need to survive, so they make money on interest from accounts and money transfers.

Vigo Frequently Asked Questions

We list some of the most frequently asked Vigo questions below.

Is there a limit to how much I can transfer with Vigo?

You can transfer up to none at a time.

When will I receive my Vigo transfer?

It normally takes 3-5 business days.

Is it possible to cancel my Vigo transaction?

Vigo do not offer phone support.

How old do you have to be to sign up to a Vigo account

To signup to a Vigo account you will need to be at least 18 years old.

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Is Vigo a Scam?

Vigo have been in operation since 1990 and have over 500000 customers and 500 employees. Vigo is not a scam.

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Sending money online with Vigo

Sending money with Vigo is a single process once you have registered and verified your Vigo account and payment methods.

  1. Go to the Vigo website
  2. If you have a Vigo account you can log in, otherwise you will need to create a new account.
  3. Decide how much you would like to send and where you want to send it to.
  4. Enter all the required information about the beneficiary, this might include their name, address, bank account details, and other personal data.
  5. Tell Vigo how the beneficiary wants to get their money. Eg. through a bank transfer, cash pickup, or via some other means.
  6. Agree to the Vigo exchange rate and any fees.
  7. Pay for your Vigo transfer.
  8. Enter your information and provide and supporting documentation to verify your identity.

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How do I receive money from a Vigo money transfer?

Depending on where you are located, you have a few options for how you can receive any money that has been sent to your Vigo account. Your options for receiving money depend on the information entered by the sender, the country you are in, the currency you are receiving, and some other factors. Some methods of receiving money may not be available to you.

Receive Vigo money directly into a bank account

Bank transfers are useful because not only are they safe, but the whole process is quick, and they offer the kind of flexibility no other method can. Vigo allows for a deposit directly into your bank, credit union or other financial account.

Vigo Cash Pickup

Some money transfer companies have agents around the world, and you will need to take identity documents to receive cash. Money is typically available within ten minutes of being sent. Vigo allows you to pick up money in person at a Vigo agent location.

Vigo Smart Money and mobile wallets

A mobile wallet virtually stores cash card details on a smartphone. These are quite convenient as they allow for users to make purchases at physical stores without needing to carry money.

Vigo Does not support mobile wallets.

Vigo Home delivery

It is a way for an individual to receive money without having to leave home. What this means is that any money you send can be received in person at a designated home address. The money is delivered by a local agent. Vigo do not offer home delivery money transfers.

When was Vigo founded?

Vigo was founded in 1990.

Is Vigo Any Good?

Vigo have a rating of 3 and are financially regulated, Vigo can be considered a good money transfer company.

Is it easy to close my Vigo account?

Its is easy to close you Vigo account. You will have to make sure any outstanding payments and fees due to Vigo are paid in full Before Vigo will fully close your account. Make sure when closing your account Vigo send you an official confirmation that your account is closed and no more monies are due to Vigo.

Does it take long to setup a Vigo account?

No, setting up a Vigo account can take a few minutes. You will need to provide some proof of identity and address. You should definitely be able to access all the features of your Vigo account in 1-3 days.

Where are Vigo based?

Vigo are based in Florida, US

Countries where Vigo is legal?

Vigo is legally allowed to operate in over 265 countries.

How do I track a Vigo Money Transfer

You can track a Vigo money order by calling Vigo or by tracking the order online. Call Vigo number on . The Vigo automated phone system will take a few details and give you a status update. You can go online to the Vigo website and check the status of a money transfer at any time.

If you have a Vigo online account, log in and view your transaction history; If you do not have an online account, or if you are the receiver of the Vigo transaction, use the Vigo payment reference number on the Vigo website to check the status of the transfer.

Can I cancel my Vigo transfer?

The way that you cancel a Vigo transfer depends on how you created and sent the Vigo money transfer originally.

You may need to contact Vigo by phone on , through their website at www.vigoglobal.com or via email . Requests are typically processed within 30 days, and you may be charged a cancellation fee by Vigo.

If you made the Vigo transfer online, then you should log in, find the transaction in your transaction history and then cancel it on the 'Transaction Details' page. If you do not have a Vigo account, use the 'Track a Transfer tool to find the transaction and then cancel it on the Transaction Details page.

Double check the terms and conditions for cancelling a Vigo transfer on their website.