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. It can only currently be used to send money from Europe or the UK.


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


InstaReM logo Image: Supplied

InstaReM

InstaReM is known mostly for its mid-market rates, which it only offers for some currencies during certain trading hours. When offered, these rates can make larger transfers in particular more cost-effective. But it doesn’t have the same range as Azimo.

Why pick InstaReM instead?

  • Mid-market exchange rates — applicable only for certain currencies and certain trading hours.
  • Competitive fees

Downsides

  • Bank transfers only
  • Limited range of currencies and countries


OFX logo Image: Supplied

OFX

OFX specialises in large transfers and offers extras like forward contracts and limit orders to help users get better rates.

Why pick OFX instead?

  • No fees
  • Wide range of currencies
  • Forward contracts and limit orders

Downsides

  • £100 (or equivalent) minimum transfer
  • 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€3 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. At the time of writing, TorFX is not currently available in Ireland.

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 $200
  • 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.

Name Product Minimum Transfer Transfer Time Transfer Fee
XE Money Transfers - Ireland
EUR 1
1 day
EUR 0
TransferWise - Ireland
EUR 1
1-2 days
Varies
CurrencyFair - Ireland
EUR 5
1-2 days
Varies
Azimo - Global
Azimo - Global
GBP 10
1 day
Varies
TorFX International Money Transfers - Ireland
TorFX International Money Transfers - Ireland
EUR 100
1-2 days
EUR 0
WorldRemit - Ireland
EUR 1
Same day
Varies
WorldFirst - Ireland
EUR 1,000
1-4 days
EUR 0
OFX - Ireland
EUR 100
1-2 days
EUR 0
CurrencyTransfer - Ireland
CurrencyTransfer - Ireland
GBP 5,000
1-2 days
EUR 0
InstaRem - Ireland
EUR 200
1-2 days
0.25-1%
Remitly - Ireland
Remitly - Ireland
EUR 0
1-5 days
EUR 2.99

Compare up to 4 providers

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