This article is part of the Spotlight series brought to you by TawiPay, the comparison site for international money transfers. The Spotlight series aims at helping people who send money abroad get all the information they need on key money transfer companies, and follow the latest trends of the money transfer industry. This month, we are putting the spotlight on TransferGo. To find out more, you can read now our in-depth review of TransferGo

Sending Money Abroad and Security

One of the bigger problems in the digital age is personal security.  The convenience offered by apps and websites for everything from shopping to banking has made taking care of everyday tasks and chores far easier. They have also, in many cases, opened the door for less honest individuals to exploit personal information.

Financial data, for obvious reasons, is one of the more frequent targets of data hackers. Stories of data hacks involving websites and credit cards are fairly commonplace. It is important to note that even though the stories of such breaches make news headlines, doing business in the digital age is safe and secure as long as you are dealing with ethical, security conscious businesses and understand the basics behind internet and banking security.

TransferGo provides money transfer services for individuals and businesses across Europe and beyond. The company understands the importance of making transfers back home to family members or to suppliers in other countries fast, easy and inexpensive. They also understand the importance of protecting their customers and, therefore, take customer security seriously.

TransferGo Infrastructure

One of the ways that TransferGo protects their customers is built into their business model.  TransferGo uses a unique “local in, local out” transfer method. Thus, the company has partnered with more than 40 banks all over the world. Due to this infrastructure not a single transfer has to cross a border to reach the recipient overseas. The way it works is pretty simple: the sender makes a transfer in the local currency straight into TransferGo’s bank account and then TransferGo pays out the money straight into the recipient’s bank account in his local currency. This system guarantees that the money never leaves the company’s eye sights and thus adds an extra level of customer security.

TransferGo Website Security

TransferGo also employs the highest level of website security and certification. It is easy to check the security of a website, the moment you go to the site.

Here is how to check the security of a website:

  • The URL shows up in green and has a lock icon (1). This indicates that the site has Extended Validation (EV), the highest level of certification available. In order to receive EV the company must prove their identity and the legitimacy of their business.
  • The URL begins with https instead of http (2). The “s” means the website is secure. TransferGo has Extended Validation and a SSL (security) certificate.
TransferGo International Money Transfer Security
How to identify a Safe Money Transfer Site – TransferGo

TransferGo Identity Checks

TransferGo also verifies the identity of their customers. This is done to protect their customers as well as to comply with HMRC and FCA regulations. More information on what are criteria for all the checks can be found here.

TransferGo uses the following documents to identify customers:

  • Identity – Passport, National ID card from EU or EEA, and Driving License.
  • Proof of Address – Financial statements, letters from government bodies or bills less than 90 days old.
  • Proof of Funds– In some cases it is necessary to verify funds to comply with regulations and to protect customers. Pay slips, bank statements, loan agreements, and sales contracts can be used.

The conditions when documents are required are set by company policy and by regulations.  TransferGo encourages customers to upload their ID when opening an account to help the company protect the customers from fraud.


Send money abroad with TransferGo by going to their site.