Buy Verified TransferGo Account with Documents
What is a TransferGo account?
Since thier launch in 2012, they have built and fostered a powerful network of over thirty bank partners. Millions of people have quickly and safely sent money home with them.
It was 2012, and we were four young professionals starting an import and export business abroad. But sending international money transfers was a problem. From paying our bills in Lithuania to sending money to suppliers, we struggled: slow transfers with big fees, zero customer service and hours of standing in kiosk queues.
Why, in 2012, were we still reliant on going in person to high-street banks just to make simple money transfers? And why were we paying for this ‘service’ through the nose? When our money was sent not only to the wrong country but in the wrong currency—and we weren’t even compensated—we’d had enough.
We wanted change. We wanted to completely shake up the international money transfer industry. We wanted to create a unique business model with superior customer service. And that’s when TransferGo was born.
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ACCOUNT & VERIFICATION DETAILS:-
1.Photo ID verified
Starting a business is never easy, and it was no different for us. Six months trying to get regulatory licencing. Another four months to find a bank that would work with us. A year’s worth of personal savings—gone. Just when things were improving and customer feedback was positive, we had another set back.
Despite being a licenced, fully-compliant financial institution, we got a letter from our bank saying they were going to shut us down. No reasons. No justification. They did it because they could. And when we asked why, we were told that telling us ‘was against their policy.’
We had 90 days to save the company. We knew that TransferGo was having a meaningful impact on our customers’ lives, and we didn’t want to let go of that. Just in time, we managed to find a bank that would work with us. The company survived. Ever since, we’ve been able to help even more of you send money transfers year on year.
We want to make a tangible difference to your lives, reward your hard work, and help every one of you become more prosperous. How? By making global money transfers as simple as sending a text. Take Ivan, a migrant construction worker in Europe, who sends €12,000 back home every year.
With his family earning only €20,000 a year, this extra income is the difference between making ends meet and living a comfortable lifestyle. Using TransferGo, Ivan saves 90% on his money-transfer costs, and can deliver the money to his family on the same business day. Which means the money goes to the people who matter most.
How we’ve grown
From our difficult early days, we’ve seen a shift in attitudes. Banks are more willing to partner up with innovative fintech companies. We work with over 30 globally these days—quite a transformation after struggling to find even one at the start. And it’s nice to be noticed for the difference we’re making.
We were nominated for Fastest Rising Start-up at TechCrunch Europa Awards 2018, and named one of the 5 hottest scale-ups in the UK by TNW. But it’s you who we really need to thank. All you people who constantly work hard behind the scenes to keep your family supported and the economy ticking. We started TransferGo for you.
The Brexit effect
Political certainty (or lack thereof) can have a momentous effect on exchange rates. And since the UK voted to leave the European Union in 2016, the pound has been struggling.
Cast your mind back to pre-pandemic and you might remember that both the UK and Europe didn’t know if the UK would be leaving with or without a deal. This went on for four whole years. Four!
As a result, the uncertainty wreaked havoc on UK exchange rates, and the Pound to Euro conversion rate suffered a lot of volatility. On top of Brexit, in the last half-decade, we’ve also seen two UK general elections and an international Covid-19 pandemic.
Phew! And since traders increasingly favour political over economic data, the Pound—despite a slight recovery in late 2019—hasn’t had the strength it once had.
Similar volatility happened in 2008 after the financial crash. While European officials believed the majority of the impact would be felt in the US, Europe suffered big time. They recovered briefly between 2010-11 but didn’t properly recover until 2015, after a four-year-long second dip.
So to quickly sum up… Political uncertainty = exchange rate volatility. Because of the tumultuous last decade, the average GBP/EUR rate is now €1.20.
How does TransferGo set the Pound to Euro exchange rate?
Here at TransferGo, we’re 100% transparent about our low fees and (very) competitive Pound to Euro exchange rates. And so, if you choose to transfer with us (wise move), you don’t need to worry about the Pound to Euro rate fluctuating.
This is because our exchange rates are fixed—put simply, the amount you see when you’re about to send your money is exactly what will arrive.
We also include all of our fees in the final amount so you won’t have to worry about hidden costs either. Happy days!
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