TransferGo vs Monzo - Who is better? [UPDATED 2024]

When it comes to sending money across borders, we tested options like TransferGo and Monzo have emerged as leading choices. Both TransferGo and Monzo online platforms offer efficient and cost-effective and secure international money transfers from TransferGo and Monzo.

We compare TransferGo vs Monzo into the unique features and benefits that distinguish TransferGo vs Monzo, empowering you to make an informed decision based on your specific transfer needs like TransferGo vs Monzo fees, currencies available, available payment methods on TransferGo compared to Monzo, support options offered by TransferGo vs Monzo, speed and more.

TransferGo vs Monzo: Quick Feature Comparison

  1. Visit TransferGo alternative TransferGo Visit TransferGo

    Used By: 2,500,000
    Currencies Available: 39
    Transfer Fees: 0.5%-1.5%
    Payment Methods: Bank transfer, debit card, credit card
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: 1.5 GBP
    Max Transfer: 1000000 GBP
    Year Founded: 2012

  2. Visit TransferGo alternative Monzo Visit Monzo

    Used By: 5,000,000
    Currencies Available: 1
    Transfer Fees: none
    Payment Methods: bank transfer, phone contact
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: none
    Max Transfer: 10000 GBP
    Year Founded: 2015

TransferGo vs Monzo: Pros and Cons

TransferGo vs Monzo
Advantages

TransferGo Advantages Monzo Advantages
  • TransferGo has been serving clients for over 12 years
  • TransferGo is available internationally.
  • TransferGo has multiple currency options.
  • TransferGo provides phone customer support.
  • TransferGo provides email customer support.
  • TransferGo is available to iOS Apple device users.
  • TransferGo is available to Android mobile device users.
  • Monzo provides phone support.
  • Monzo offers registered customers email support.
  • Monzo has a Apple iOS app on Apple app store.
  • Monzo offers a Android Google Play Store mobile app.

TransferGo vs Monzo
Disadvantages

TransferGo Disadvantages Monzo Disadvantages
  • TransferGo has no PayPal support.
  • TransferGo has no Neteller payments support.
  • TransferGo has no Skrill payment support.
  • TransferGo does have a mobile digital wallet like some others.
  • No home delivery with TransferGo.
  • No cash pickups with TransferGo.
  • No money order support with TransferGo.
  • No live chat support with TransferGo.
  • Monzo has no PayPal option.
  • Monzo has no Neteller option.
  • Monzo has no Skrill option.
  • Monzo is not available is as many regions as some other providers.
  • Monzo has few fiat currency then some others.
  • No digital wallets with Monzo.
  • No Monzo home delivery.
  • No Monzo Cash pickups.
  • No Monzo money order option.
  • No Monzo Livechat.

TransferGo vs Monzo Fees and Other Costs

Fee type TransferGo Fees Monzo Fees
Transfer Fees 0.5%-1.5% none
Min Transfer 1.5 GBP none
Max Transfer 1000000 GBP 10000 GBP
Payment Methods Bank transfer, debit card, credit card bank transfer, phone contact
Currencies AUD, EUR, BHD, USD, BDT, BGN, CAD, CZK, DKK, HKD, HUF, INR, IDR, ILS, JPY, KES, KWD, MXN, NPR, NZD, NGN, NOK, OMR, PKR, PHP, PLN, QAR, RON, RUB, SAR, SGD, ZAR, LKR, SEK, CHF, TBH, TRY, GBP, UAH GBP

TransferGo vs Monzo Restricted Countries

TransferGo Country Restrictions

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

Monzo Country Restrictions

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

TransferGo vs Monzo Transfer Speeds

Transfer Speed TransferGo Monzo
Account Opening 1-3 days 1-3 days
Money Transfer Speed 1-10 days 1-10 days

TransferGo vs Monzo Languages

TransferGo Supported Languages

English, Russian, Lithuanian, Polish, Romanian, Latvian, Ukrainian, German, Turkish

Monzo Supported Languages

TransferGo vs Monzo Verdict - Which is better?

Which is best out of TransferGo and Monzo depends on your needs.

  • TransferGo vs Monzo Transfer Fees: Transferring money with TransferGo costs 0.5%-1.5% while Monzo charges none.
  • TransferGo vs Monzo Supported Currencies: TransferGo deals in over 1, where as Monzo offers transactions in 1.
  • TransferGo vs Monzo Payment Methods: TransferGo accepts Bank transfer, debit card, credit card, while Monzo allows transactions via bank transfer, phone contact.
  • TransferGo vs Monzo Transfer Limits: TransferGo allows transfers between 1.5 GBP and 1000000 GBP. Monzo's range is none to 10000 GBP.
  • TransferGo vs Monzo Minimum Age for Account Creation: TransferGo requires users to be at least 18 years old, where as Monzo has a minimum age requirement of 18.
  • Contact Number: You can reach TransferGo at +49 30 2000 42053 and Monzo at 00 44 20 3872 0620.
  • TransferGo vs Monzo Countries of Operation: TransferGo operates in over 1 countries but has restrictions in over 1 countries. Monzo serves 1 countries and restricts operations in 1 countries.
  • TransferGo vs Monzo Client Base: TransferGo is used by 2, where as Monzo serves 5.
  • TransferGo vs Monzo Year Founded: TransferGo was established in 2012 and Monzo began its operations in 2015.
  • TransferGo vs Monzo Customer Rating: TransferGo holds a rating of 3, in contrast, Monzo has a rating of 3.
  • TransferGo vs Monzo Headquarters: TransferGo has its headquarters at London (GB), while Monzo is based at London, UK.
  • TransferGo vs Monzo Employee Count: TransferGo employs 192 individuals, where as Monzo has a team of 1,551.
  • TransferGo vs Monzo Estimated Annual Turnover: TransferGo turnover stands at 44500000 USD, while Monzo boasts a turnover of 80000000.
  • TransferGo vs Monzo Founder: TransferGo was founded by Edvinas Sersniovas, holding the position of Co-Founder. On the other hand, Monzo was the brainchild of Carol Kobuke Nelson, currently holding the position of CEO.
  • TransferGo vs Monzo Supported Languages: TransferGo offers support in over 1 languages. Monzo communicates in 1.

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TransferGo vs Monzo Alternatives Guides

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Screenshots

TransferGo Screenshot

TransferGo Screenshot

Monzo Screenshot

TransferGo Screenshot