Review: Azimo international money transfers March 2020

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Azimo is known for fast transfers, competitive rates, low fees and a wide range of payment and delivery options.

  • Good for small transfers, low fees and competitive rates.
  • Not so great if you want to pay using cash.

GBP 10

Min. Transfer Amount

GBP 250,000

Max. Transfer Amount

Same day

Transfer Speed

Details

Product NameAzimo (Cash pickup)
Min. Transfer AmountGBP 10
Max. Transfer AmountGBP 250,000
Transfer MethodsOnline, Phone, Agent, Cash Transfer
Transfer Speed
Minimum transfer time
Same day
Customer ServicePhone, Email, Branch
Available CurrenciesAED, ALL, AMD, AOA, ARS, AUD, AZN, BAM, BBD, BDT, BGN, BHD, BIF, BMD, BOB, BRL, BWP, BYN, CHF, CLP, CNY, COP, CRC, CVE, CZK, DKK, DOP, DZD, EGP, ETB, EUR, FJD, GBP, GEL, GMD, GNF, GTQ, HKD, HNL, HRK, HTG, HUF, IDR, ILS, INR, ISK, JMD, JOD, JPY, KGS, KHR, KMF, KRW, KWD, LAK, LBP, LKR, MAD, MDL, MGA, MNT, MRO, MUR, MVR, MWK, MXN, MYR, MZN, NAD, NGN, NIO, NOK, NPR, NZD, OMR, PEN, PGK, PHP, PKR, PLN, PYG, QAR, RON, RSD, RUB, RWF, SAR, SBD, SCR, SEK, SGD, SLL, SZL, THB, TJS, TND, TOP, TRY, TTD, TWD, TZS, UAH, UGX, USD, UYU, VEF, VND, VUV, WST, XAF, XOF, XPF, ZAR, ZMW, ZWD
Online Transfer Fee9.9%
Exchange Rate UpdatesReal time

Azimo exchange rates and fees

There are several factors that affect how much your Azimo international money transfer will cost, including how much money you’re sending, where you’re sending your money and how you would like your funds to be delivered.

Azimo’s exchange rates are updated live according to changes to the global foreign exchange markets.

Available currencies

Azimo allows you to send funds to more than 200 countries across Africa, Asia, the Pacific, the Americas and Europe. You can see a full list of possible transfer destinations, as well as the receiving options available in each country, by visiting the Azimo website. Popular currencies include:

  • USD United States dollar
  • EUR Euro
  • CHF Swiss franc
  • PLN Polish zloty
  • AUD Australian dollar
  • CNY Chinese yuan
  • SEK Swedish krona
  • JPY Japanese yen

What types of transfers can you make with Azimo?

Azimo offers the following transfer options, although not all options are available in every country:

  • Bank account transfers
  • Cash pick-up from more than 200,000 locations
  • Mobile airtime top-ups allowing you to purchase minutes on your recipient’s mobile
  • Mobile wallet transfers

You can send a transfer online or using the Azimo mobile app, while you can pay for your transaction through a bank transfer, credit card or debit card.

If you ever require assistance with a transfer or have a question about Azimo’s service, you can visit its online support centre. Email and multilingual phone customer support are also available if needed.

Which payment methods does Azimo accept?

You can pay for your transfer a few different ways, including:

  • Bank transfer
  • Credit card
  • Debit card

How long does a transfer with Azimo take?

The transfer time depends on where you’re sending money. In many cases, transfers can arrive on the same day, but sometimes it might take up to two business days, or longer. Check the details of your transfer destination on the Azimo website to see how long it will take for your funds to arrive.

Transfers typically takeClock icon for transfer speed

1 - 2 days

Is Azimo safe to use?

  • Security and regulation: Government regulated
  • Established: 2012
  • Number of customers: 1 million+*
  • Reviews: Trustpilot gives Azimo an average score of 8.9/10 on over 21,000 reviews*
  • Investors: Rakuten, Jeremy Yap, Silicon Valley Bank
*According to Azimo on 4 April 2019 and Trustpilot on 14 March 2019.

How does Azimo make money?

Azimo makes money by charging a transfer fee and through a margin on the exchange rate. You may notice the exchange rate you get quoted is different to the one you can see on Google or Reuters. This is because banks and most money transfer services add a margin onto the mid-market rate to cover their own costs.

How to register an account

You’ll need to register for an account before you can send money overseas with Azimo.

How do I make an international money transfer with Azimo?

To send money with Azimo you’ll need to provide transaction details including:

  • The amount of money you want to send and which currency you would like to send it as
  • How the money will be transferred and received
  • Where the money is going
  • Details of your recipient, such as their name, address and bank account information
  • How you’ll pay for the transfer

Once you’ve provided these details you’ll be able to review your transfer information, including the exchange rate and fees that apply. If you’re happy with what you see, you can then pay for your transfer with a bank transfer, credit card or debit card. You can track the progress of transactions in your Azimo account dashboard.

What is Azimo?

Azimo is a money transfer service founded in 2012 with the mission of making money transfers cheap and fast for all its customers.

It does this by cutting costs compared to the money transfer services offered by banks. It’s online only so it doesn’t pay the cost of maintaining stores, it doesn’t accept cash because doing so can be expensive and it claims to pay its executives fair and reasonable salaries rather than bank-sized bonuses.

In a nutshell

Pros
  • Worldwide access. Azimo offers transfers to over 200 countries, making it possible to send money to loved ones all around the world.
  • Transfer options. With bank account transfers, cash pick-ups, airtime top-ups and mobile wallet payments, Azimo lets you choose the transfer method that’s most convenient for you.
  • Affordable. Compare Azimo’s fees and exchange rates with those you receive from banks and other money transfer providers – you’ll see that Azimo offers a competitive money transfer solution.
Cons
  • Not all transfer options are available to all countries. You’ll need to visit the Azimo website to see which transfer methods are available for your destination.
  • No cash payments. You can pay with card or bank transfer, but not with cash.

How does Azimo compare to other providers?

Table: sorted by a combination of service offering and the amount your recipient will receive

Compare Azimo to alternative money transfer services you can use from the UK. Just enter your transfer amount and destination into the table below to see how much your transfer could cost.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
GBP 2,000 1 day GBP 0.00 1.106 EUR
5,528
TorFX guarantee to beat any competitor's exchange rate for a transaction (conditions apply)
(Conditions apply)
Go to site Show details
GBP 5,000 Same day GBP 0.00 1.112 EUR
5,562
Universal Partners FX offers competitive exchange rates and same-day transfers for 100+ currencies. Go to site Show details
GBP 3,000 1 day GBP 0.00 1.106 EUR
5,528
Get no fees as a Finder customer when you transfer your money overseas with Global Reach. Go to site Show details
GBP 1 1 - 2 days GBP 0.00 1.112 EUR
5,562
Whatever amount you transfer, XE will not charge you a fee for using their service. Go to site Show details
GBP 1 1 day GBP 0.00 1.106 EUR
5,528
Make transferring money abroad as simple and safe as possible with bank-beating exchange rates - online, via the app or over the phone. Go to site Show details
GBP 2,500 1 day GBP 0.00 1.106 EUR
5,528
With 17 years of foreign exchange expertise, OFX know the money transfers business very well, offering facilities for one-off and recurring transfers. Go to site Show details
GBP 5,000 1 - 2 days GBP 0.00 1.106 EUR
5,528
Clear Capital specialises in sending over 150 currencies abroad for both individuals and businesses. Expect to receive a dedicated account manager and same-day transfers. Go to site Show details
GBP 2,500 Same day GBP 0.00 1.106 EUR
5,528
Central FX’s dedicated private client team will guide you through the money transfer process from first call to final payment. Go to site Show details
GBP 5,000 1 day GBP 0.00 1.111 EUR
5,553
Take advantage of fee lock-ins and live bookable rates, helping you save up to 85% in hidden bank fees. Go to site Show details
GBP 1,000 1 - 2 days GBP 0.00 1.106 EUR
5,528
Better exchange rates for Finder customers.
Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.
Go to site Show details
GBP 1 1 - 2 days GBP 1.99 1.102 EUR
5,509
Special offers like free transfers and better exchange rates available for new customers.
Quick, affordable transfers around the world with both express and economy options.
Go to site Show details
GBP 5 2 days EUR 3.00 1.111 EUR
5,556
Special offer: Zero fees on your first 10 transfers.
Get bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Go to site Show details
GBP 50 Same day GBP 2.99 1.112 EUR
5,555
Use promo code 3FREE to send your first 3 transfers with no fee.
Send money online anytime, anywhere, with a simple to use platform and transparent fees and exchange rates shown upfront.
Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

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8 Comments

  1. Default Gravatar
    Baroness
    January 31, 2019

    This is the second time I have tried to send money via this absolutely useless service. On both times it had taken them almost 24 hours to come back with some flimsy excuse for not completing the transfer even though payment had gone through from my account.
    I was under the impression they were reliable. INDEED!!

    • Avatarfinder Customer Care
      johnbasanes
      February 1, 2019

      Hi Baroness,

      Thank you for reaching out to finder.

      We thank you for your feedback on this matter.

      Cheers,
      Reggie

  2. Default Gravatar
    Kristina
    September 12, 2017

    What is the maximum amount limit of transfers?

    • Avatarfinder Customer Care
      May
      September 12, 2017

      Hi Kristina,

      Thanks for your question.

      With Azimo, there’s no maximum transfer limit, though the minimum amount you can transfer overseas is £5. Please note though that you would need to provide identification if you will send more than £899 at one time or if you’re exceeding a total transfer amount of £899 in a 30-day period.

      Cheers,
      May

  3. Default Gravatar
    Leo
    July 25, 2017

    How and where will I claim my sister’s remittance aside from bank transactions?

    • Avatarfinder Customer Care
      May
      July 25, 2017

      Hi Leo,

      Thank you for your inquiry.

      With Azimo, the following are the options on how the recipient can receive the money aside from bank accounts:

      – Cash pickup transfers to more than 200,000 pickup locations
      – Mobile airtime top-ups
      – Mobile wallet transfers

      Please click on the ‘Go to site’ button above to be redirected to Azimo’s website for more details.

      Cheers,
      May

  4. Default Gravatar
    Diana
    July 10, 2017

    I want to send my monthly rimittance to the Philippines via Azimo, through bank to bank transaction. My question is how do I send money direct to my bank account number in the Philippines?

    • Avatarfinder Customer Care
      May
      July 11, 2017

      Hi Diana,

      Thanks for reaching out.

      Sending money via Azimo is simple. First, you’d need to register for an account with Azimo. Please visit their official website to start your registration. After you create an account, please follow the steps outlined above under “The registration and transfer process” section so you can process your bank to bank remittance online.

      Cheers,
      May

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