Skip to content

TransferGo Business Global Payments and Savings Platform

TransferGo Business provides UK-based companies with seamless international payments, multi-currency accounts, and interest-earning savings options. Businesses use it to manage cash flow across borders, pay overseas suppliers or employees efficiently, and grow savings without penalty withdrawals. Ideal for SMEs and larger organisations dealing with global transactions, it simplifies financial operations whilst reducing costs and enhancing liquidity in multiple currencies like EUR, GBP, USD, and more.

4.5
(22 ratings)

Exclusive TransferGo Business Advantages

Immediate cost reductions negotiated exclusively for the PerkLedger community.

Infrastructure Audit & Feasibility

Unbiased performance data, ROI potential, and scalability metrics for decision makers.

The Trade-off

Pros

  • Low-cost international transfers save businesses significant fees compared to traditional banks
  • Multi-currency support simplifies managing overseas cash flow efficiently
  • Interest on savings provides passive growth without withdrawal penalties
  • Quick setup and free account enable immediate global payment capabilities

Cons

  • Limited to supported corridors may not cover all emerging markets fully
  • Variable fees for low-volume users could add up for infrequent transactions
  • Requires digital verification which might delay onboarding for some firms

Core Capabilities

  • Multi-currency accounts to hold, receive, and exchange funds in over 50 currencies
  • Fast international transfers with low fees and real-time tracking for global payments
  • Interest-bearing savings with zero-penalty withdrawals to grow business funds securely
  • Free business account setup for easy onboarding and cash flow management
  • Customised demos tailored to business size, revenue, and transaction volume
  • Global reach supporting popular corridors like UK to Poland, Romania, and EU countries
  • Expert support for seamless integration into existing financial workflows

Ideal Builder Profile

This tool is ideal for SMEs and growing enterprises in the UK that handle international transactions with suppliers, employees, or clients abroad. It addresses pain points like high transfer fees, delayed payments, and complex multi-currency management, enabling smoother global operations. Businesses seeking cost-effective financial tools benefit from its flexibility across industries such as e-commerce, freelancing, and manufacturing. However, purely domestic operations with no cross-border needs might find simpler local banking sufficient without the added features.

Investment & Scalability

TransferGo Business features a free account with no setup or monthly fees, ideal for basic multi-currency holding and savings. Transaction fees start from low rates of 0.5-2% depending on volume and corridor, with premium plans for high-revenue businesses offering reduced rates and priority processing from around £10-50/month equivalent. Enterprise pricing is customised based on needs, billed annually or monthly for scalability.

Connectivity & Stack Fit

TransferGo Business integrates seamlessly with popular accounting software like Xero and QuickBooks, facilitating automated reconciliation of international payments. It supports API connections for custom workflows, allowing businesses to link with e-commerce platforms such as Shopify for direct supplier payouts. Additionally, compatibility with banking APIs and payment gateways enhances overall financial ecosystems, reducing manual data entry and streamlining global transactions.

Operational Context & Ecosystem Fit

Understanding the role of TransferGo Business within a modern UK business stack.

TransferGo Business stands out as a robust financial platform tailored for UK companies navigating the complexities of global trade. It empowers businesses to handle international payments, manage multi-currency accounts, and even earn interest on savings, all within a user-friendly interface. Whether you’re a small enterprise paying overseas freelancers or a larger organisation settling with international suppliers, this tool streamlines operations, cuts costs, and boosts financial agility in an increasingly borderless economy.

What is TransferGo Business?

TransferGo Business is a comprehensive money management solution designed specifically for businesses dealing with cross-border finances. Launched to address the inefficiencies of traditional banking, it offers tools for sending, receiving, holding, and exchanging currencies like GBP, EUR, USD, PLN, and RON, among others. UK-based organisations appreciate its focus on speed, security, and affordability, making it easier to maintain healthy cash flow without the hurdles of high fees or slow processing times.

At its core, the platform provides a free business account that serves as a central hub for all financial activities. Businesses can request personalised demos to explore how it fits their unique needs, based on factors like monthly revenue and international transfer volumes. This flexibility ensures that from startups with modest transactions under €10,000 to enterprises handling over €5 million, everyone finds value in its scalable features. Over time, TransferGo Business has become a trusted partner for thousands of companies, particularly those in Europe-focused trade, by prioritising reliability and innovation in global payments.

The platform’s emphasis on ease of use means even non-finance teams can manage transfers effortlessly. With real-time tracking and transparent pricing, it eliminates surprises, allowing businesses to focus on growth rather than administrative burdens. Its commitment to compliance with UK and EU regulations further reassures users of secure, legitimate operations.

Key Features

  • International Payments: Send money quickly to over 50 countries with competitive rates and minimal delays
  • Multi-Currency Holding: Store funds in multiple currencies to avoid exchange rate volatility and optimise liquidity
  • Currency Exchange: Convert between currencies at favourable rates directly within the account
  • Savings with Interest: Earn returns on balances with flexible, penalty-free access for business needs
  • Free Account Setup: No initial costs or ongoing fees for core account management and basic transfers
  • Personalised Demos: Expert-led sessions to customise the platform for specific business scenarios
  • Transaction Tracking: Real-time monitoring and notifications for all incoming and outgoing payments
  • Global Coverage: Strong support for popular routes like UK to Poland, Romania, Germany, and beyond

Benefits for Businesses

Businesses adopting TransferGo Business gain immediate advantages in cost savings and operational efficiency. Traditional international wires often incur fees upwards of 5-10%, but this platform reduces them significantly, potentially saving companies thousands annually on routine transactions. For UK firms expanding into Europe, the ability to hold and exchange currencies locally minimises exposure to fluctuating rates, stabilising budgets and improving forecasting accuracy.

Beyond finances, the tool fosters better supplier relationships through faster payments, which can lead to negotiated discounts or priority service. The interest-earning savings feature is particularly valuable for organisations with idle funds, turning them into a revenue stream without locking away capital. Overall, users report enhanced financial control, with many seeing ROI within the first quarter through reduced banking dependencies and streamlined processes. This scalability ensures it supports growth, from handling initial overseas hires to managing complex supply chains.

In a post-Brexit landscape, where UK businesses face unique challenges in EU dealings, TransferGo Business provides a reliable bridge. It not only cuts costs but also builds resilience against economic uncertainties, helping companies maintain competitive edges in global markets.

Use Cases and Applications

For e-commerce businesses, TransferGo Business excels in paying international suppliers promptly. Imagine a UK online retailer sourcing products from Poland or Romania; with one-click transfers in PLN or RON, they avoid delays that could disrupt inventory. This real-time capability ensures stock arrives on schedule, keeping customer satisfaction high and operational costs low.

Freelance agencies or consultancies with remote teams abroad benefit from its multi-currency payroll features. Paying employees in their local currency reduces administrative overhead and currency conversion losses, whilst the free account holds funds securely until needed. Larger enterprises use it for bulk supplier settlements, leveraging volume-based pricing to further optimise expenses.

Another key application is in expansion strategies, where businesses receive payments from overseas clients directly into local accounts. This accelerates cash inflows, supporting quicker reinvestments. Industries like manufacturing, IT services, and logistics find it indispensable for juggling multiple currencies, turning potential financial headaches into manageable routines.

Integration & Ecosystem

TransferGo Business fits seamlessly into broader business workflows through robust API integrations and partnerships with accounting tools. For instance, connecting to platforms like Xero allows automatic import of transaction data, ensuring accurate bookkeeping without manual entry. This interoperability extends to e-commerce systems, where payment triggers can automate supplier payouts upon order fulfilment.

Businesses often pair it with CRM software to track client payments globally, creating a unified view of finances. The platform’s open ecosystem encourages custom developments, so tech-savvy organisations can build tailored solutions for specific needs, like automated currency hedging. Ultimately, these connections enhance productivity, reducing silos between finance and operations teams.

Pricing and Plans

TransferGo Business keeps things accessible with a free tier that covers essential account features, including multi-currency holding and basic transfers, without any setup costs. For active users, fees on international sends typically range from 0.5% to 2% per transaction, varying by amount and destination, making it more affordable than banks for frequent operations.

Higher-volume plans offer tiered discounts, starting from equivalent £10-50 monthly commitments for reduced rates and added perks like priority support. Enterprises can negotiate custom pricing based on revenue and transaction scale, often including dedicated managers. Billing is flexible, with options for monthly or annual payments to suit cash flow preferences, and free trials or demos help evaluate fit without upfront risk.

Exclusive Savings on TransferGo Business

UK businesses looking to maximise value on TransferGo Business can explore exclusive perks and discounts through PerkLedger. Our platform aggregates verified deals from financial providers, helping companies reduce software and transaction costs by up to 20%. Additionally, PerkLedger’s Discovery Rewards programme allows members to earn cashback on eligible purchases, turning routine international payment setups into tangible savings opportunities. Access these benefits through our website, browser extension, or mobile app to stay updated on the latest TransferGo Business offers.

Getting Started with TransferGo Business

Beginning with TransferGo Business is straightforward, starting with a quick online sign-up for the free account, which requires basic company details and verification. Once approved, typically within days, users can fund the account via bank transfer and begin exploring features through the intuitive dashboard. Requesting a demo connects you with an expert who tailors guidance to your business’s revenue and transfer needs, ensuring a smooth rollout.

To optimise implementation, integrate it early with existing tools like accounting software for automated data flow. Teams should conduct a trial run of sample transactions to familiarise themselves, addressing any queries via support channels. Within weeks, businesses often see streamlined processes, with ongoing monitoring helping refine usage for maximum efficiency. This proactive approach minimises disruptions and unlocks the platform’s full potential for global financial management.

Comparable Infrastructure Solutions

Evaluate vetted alternatives to ensure your financial stack aligns perfectly with your current growth stage.

The Infrastructure for

Business Builders.

Secure your stack. Negotiate exclusive perks. Earn rewards.

Enter the Ecosystem arrow_forward
check_circle No credit card required. Free forever Member plan available. add_circle Premium: +25% Reward Multiplier
0

Subtotal