Wise vs TransferGo
Which provider is better for sending money from the UK to India? Compare fees, exchange rate margins, delivery speed and what your recipient actually receives.
The bottom line: sending £1,000 from the UK, Wise delivers ₹125,875 and TransferGo ₹125,693, so your recipient gets ₹182 more with Wise. Wise charges a £5.14 fee and converts at the mid-market rate, paid by Faster Payments; TransferGo charges a £3.99 fee with a margin of about 0.26% in its rate, paid by Faster Payments.
Quick verdict
Choose Wise if you want…
- Fee transparency & mid-market exchange rates
- Mid-market exchange rate without hidden currency markup
- Upfront fee breakdown showing exact percentage and fixed costs
- Does not support physical cash pickup counters in India
Choose TransferGo if you want…
- Tight exchange rates on UK to India bank transfers
- Authorized and regulated by the UK Financial Conduct Authority (FCA)
- Flat £3.99 fee on bank-funded transfers with a tight exchange rate margin
- Active for UK-to-India remittances; inactive for US, Canada, Australia, Singapore, and UAE
What your recipient gets at each amount
Indicative net rupee payouts for GBP → INR transfers, based on published fee schedules and benchmark snapshots.
Score breakdown, side by side
Each provider's TransferGauge Score across the seven weighted dimensions. How we score
Side-by-side details
| Metric | W Wise | TG TransferGo |
|---|---|---|
| Exchange rate model | Mid-market rate, no margin | Retail rate, +0.26% margin |
| Transfer fees | Wise charges a transparent upfront fee: a small fixed charge plus a percentage that depends on how you pay (about $0.98 + 0.59% for US ACH payments, and roughly 0.33% to 0.9% plus a small fixed charge from the UK, Canada, Australia, Singapore and the UAE). Unlike most retail providers, Wise does not add an exchange rate markup. | TransferGo charges a flat £3.99 fee on bank-funded transfers to India, deducted from the send amount, plus a currency margin of about 0.26% below the mid-market rate. Express delivery options carry incremental charges. |
| Typical delivery | Bank-funded transfers (ACH/local wire) typically deliver in 1 to 2 business days. Transfers using UPI receiving options or debit card payments typically credit the Indian account within 1 to 2 hours. | Bank-funded transfers via UK Faster Payments typically settle in India within 1 business day. Eligible debit card transfers can arrive in hours. |
| Receiving methods | Bank accountUPICash pickup (not supported) | Bank accountUPICash pickup (not supported) |
| Routes to India | 6 corridors | 1 corridor |
| Headquarters | London, United KingdomFounded 2011 | London, United KingdomFounded 2012 |
| Full review | Read Wise review | Read TransferGo review |
Summary advice
On our £1,000 GBP → INR benchmark, Wise earns the higher TransferGauge Score (96 vs 92). The better choice still depends on your amount, how your recipient wants to be paid, and how quickly the money needs to arrive.
All figures are indicative benchmarks. Always verify live rates, fees and delivery options on the provider's website before sending money.
Related comparisons
Compare every provider for your amount
See Wise, TransferGo and the rest ranked side by side.