Alternatives to Azimo

Compare Azimo against some alternatives when sending money overseas.

Last updated:

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, Kiwis will need to find an alternative.

MoneyGram logo Image: Supplied


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


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

InstaReM logo Image: Supplied


InstaReM is known mostly for its mid-market rates, which can make larger transfers in particular more cost-effective. But it doesn’t have the same range as Azimo, and is not available for users in New Zealand.

Why pick InstaReM instead?

  • Mid-market exchange rates
  • Competitive fees


  • Bank transfers only
  • Not available to New Zealand customers

OFX logo Image: Supplied


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


  • $250 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 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


  • 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 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


  • 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


  • 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
NZD 250 1 day NZD 0.00 0.638 USD
SendFX guarantees to match any competitor's exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.
Go to site Show details
NZD 0 1 day NZD 0.00 0.638 USD
Send money in more than 60 currencies. Fee-free international money transfers with a global brand. Go to site Show details
NZD 2,000 2 days NZD 0.00 0.638 USD
Exclusive offer: $0 transfer fee and discounted exchange rates for your first trade only.
A higher exchange rate applies to non-finder customers. Send money in more than 130 currencies.
Go to site Show details
NZD 2,000 1 day NZD 0.00 0.638 USD
TorFX guarantee to beat any competitor's exchange rate for a transaction. Conditions apply. Go to site Show details
NZD 1 Within an hour NZD 3.99 0.637 USD
An online money transfer service with cash pickup, bank account to bank account and airtime transfers available. Go to site Show details
AUD 250 1 - 2 days NZD 15.00 0.638 USD
A higher exchange rate applies to non-finder customers. Send money in 45 currencies. No fee if you transfer over AUD$10,000. Go to site Show details
NZD 1 1 - 2 days NZD 80.00 0.641 USD
Make online transfers with transparent exchange rates, low fees and low minimum amounts. Go to site Show details
NZD 5 1 - 2 days EUR 3.00 0.636 USD
Go to site Show details
NZD 10,000 1 - 2 days NZD 0.00 0.636 USD
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.

Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use, Disclaimer & Privacy Policy.

Questions and responses on are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site