AzimoLogo_Supplied_250x250

Alternatives to Azimo

Compare Azimo against some alternatives when sending money overseas.

Azimo is an online money transfer company known for offering fast, same-day money transfers at competitive rates. Its primary focuses are speed, simplicity and value. But since you can only use it to send money from Europe or the UK, Canadians will need to find an alternative.


MoneyGram logo Image: Supplied

MoneyGram

Like Azimo, MoneyGram is also focused on quick, cheap and easy money transfers. Its fees and rates aren’t necessarily as competitive for all transfers, but it offers a range of extra options where Azimo doesn’t.

Why pick MoneyGram instead?

  • You can pay with cash
  • It offers cash pick-ups for recipients
  • Thousands of agents worldwide
  • Wide range of currencies and countries available

Downsides

  • Fees can be higher than other services
  • Larger margin added onto the exchange rate


WorldFirst logo Image: Supplied

WorldFirst

WorldFirst has a wider range of currencies than CurrencyFair and can be especially convenient for quickly sending money to Europe, the UK and US.

Why pick WorldFirst instead?

  • More currencies
  • No transfer fees
  • Limit orders and forward contracts
  • Same-day transfers available for GBP, EUR and USD
  • Offers a price promise deal to match competitor rates if you find a better quote

Downsides

  • $2,000 minimum transfer
  • Rates may not be the best without the price promise
  • Takes payment with bank transfer only


OFX logo Image: Supplied

OFX

OFX specialises in large transfers, waiving fees for transactions over $10,000 and offering extras like forward contracts and limit orders to help users get better rates.

Why pick OFX instead?

  • No fees on transfers above $10,000
  • Wide range of currencies
  • Forward contracts and limit orders

Downsides

  • $150 minimum transfer
  • $15 fee on transfers under $10,000
  • Exchange rates often aren’t competitive
  • Bank transfers only
  • You can only see the rates on offer if you have an account


CurrencyFair logo Image: Supplied

CurrencyFair

CurrencyFair is mostly known for its competitive fees, consisting of a percentage of the transfer (often as low as 0.25%) plus a EUR€2.50 or equivalent flat fee. It’s also known for its relatively low exchange rate margins, which is made possible through its use of a peer-to-peer marketplace.

Why pick CurrencyFair instead?

  • Competitive rates
  • Simple, low flat fees

Downsides

  • Limited currency options
  • Limited range of countries available
  • Bank transfers only
  • Slow transfers compared to Azimo
  • Margin will be slightly higher if you can’t be paired with someone in its peer-to-peer marketplace


TorFX logo Image: Supplied

TorFX

TorFX doesn’t charge any fees and instead takes a cut from exchange rate margins. Plus, it has a price beat guarantee for competitor exchange rates.

Why pick TorFX instead?

  • $0 transfer fee
  • Competitive rates, plus a price beat guarantee

Downsides

  • Slow transfers compared to Azimo
  • Fewer currencies available
  • Bank transfers only
  • You can’t send less than $2,000
  • You can only see exchange rates if you have an account


Western Union logo Image: Supplied

Western Union

Western Union, like Azimo, is focused on smaller transfers and making international payments simple and accessible for everyone. It offers more options, but at an extra cost.

Why pick Western Union instead?

  • Cash payment and pick-up options
  • Thousands of agents worldwide
  • Instant transfer options
  • Wide range of currencies and countries

Downsides

  • High fees
  • Poor exchange rates


Still looking for other options?

If you’re still looking for another option, enter the details of your transfer into the table below to see the different rates offered by a range of money transfer companies. You can then compare your choices side by side.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
CAD 0 Within an hour CAD 3.99 0.747 USD
7,463
Use code FINDERCA and pay zero fees on your first transfer. Conditions apply.
An online money transfer service with cash pick-up, bank account to bank account and airtime transfers available.
Go to site Show details
CAD 1 1 - 2 days CAD 90.00 0.756 USD
7,488
Make online transfers with transparent exchange rates, low fees and low minimum amounts. Go to site Show details
USD 150 1 day CAD 0.00 0.753 USD
7,526
Exclusive offer: Discounted exchange rates for your first and ongoing transactions. $0 transfer fee.
A higher exchange rate applies to non-finder customers. Send money in 45 currencies.
Go to site Show details
CAD 0 1 day CAD 0.00 0.752 USD
7,522
Send money in more than 60 currencies. Fee-free international money transfers with a global brand. Go to site Show details
CAD 5 1 - 2 days EUR 3.00 0.744 USD
7,443
Special offer: Pay zero fees on your first 5 transfers.
Get bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Go to site Show details
AUD 2,000 1 day CAD 0.00 0.752 USD
7,519
TorFX guarantee to beat any competitor's exchange rate for a transaction. Conditions apply.
Send money overseas in 45 currencies.
Go to site Show details
CAD 7,000 1 day CAD 0.00 0.742 USD
7,420
Venstar Exchange offers competitive exchange rates and zero fees on large transfers over US$10,000. Go to site Show details
GBP 5,000 1 - 2 days CAD 0.00 0.752 USD
7,519
Aimed at larger transfers, CurrencyTransfer is an online marketplace that lets you shop around for the best exchange rate. Go to site Show details

Compare up to 4 providers


The “Rate” and “Amount Received” displayed are indicative rates that have been supplied by each brand or gathered by Finder.

Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention “Finder” before you commit to a brand.

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