Wondering if Any Particular Azimo Competitor is Better Than the Rest?
Transferring funds from one country to another has become noticeably simpler owing to advances in technology. Today, the international fund transfer market is rife with competition. The widespread use of the Internet has led to the mushrooming of several online remittance service providers, of which Azimo is one. Before you transfer funds overseas, pay close attention to alternatives, as well.
Azimo and its competitors, which include some reputable specialist fund transfer companies, offer better exchange rates than banks. However, when picking an alternative to Azimo, you have to address individual requirements. This basically means that while one company might work well for one person, you may benefit more from using another Azimo alternative.
The table below gives you a simple way to target a money transfer company that you may be superior to Azimo:
- Choose a region according to your country of residence.
- Check the available transfer methods on offer and develop a shortlist.
- Determine whether you meet the minimum transfer amount criterion.
- Compare aspects such as fees and processing time.
- Make a selection.
Azimo Competitors Comparison Table
- User RatingTrustPilot or Feefo User Ratings
- Transfer Type
- Coupon
- Fee
- Speed
- Regular Payments
- Mobile App
- Min Transfer Amount
WorldFirst
- 9.2/10
- Online
PhoneOne off transfers Regular transfers Forward contracts Currency options - NO FEES
- NO FEES.
- 1 - 3 Days
- Their website is responsive so it auto-scales to your screen size.
- £1000 / €1000 / AUD$2000
OFX
- 9.1/10
- Online
PhoneOne off transfers Regular transfers - Two Transfers Fee Free
First 2 Transactions Free - USD$0
£0
CAD$15
AUD$15
€10 - 1 - 3 Days
- Their website is also responsive so it auto-scales to your screen size.
- $250 / £100 / €250
TransferWise
- 9.3/10
- Online OnlyOne off transfers Regular transfers
- First £3,000 Fee Free!
First TransferWise transfer is free up to £3,000 or other currency equivalent. E.g. USD$4,500, AUD$6,000, €4,000. - ~0.5%Min and Max Fees apply.. Learn More
- 1 - 2 Days
- £1 / $1Min and Max Fees apply.. Learn More
WorldRemit
- 9.4/10
- Online OnlyOne off transfers Phone assistance available
- First 3 Transfers Fee Free.
Your first overseas transfer Fee Free! Learn more - $3 - 4For example. Sending €10,000
from Australia would incur
€50 fee + 4-5% exchange
rate fee on top of market rates. - 1 - 3 Days
- Regular payments to PayPal registered merchants is possible.
Regular payments to family or friends PayPal accounts is not currently possible. - Their website is responsive so it auto-scales to your screen size.
- €/£/$1
Currencies Direct
In 1996, Mayank Patel and Peter Ellis launched Currencies Direct, enabling a viable alternative to banks when transferring funds overseas. Headquartered in the UK, this Azimo competitor now has offices in the U.S., France, Spain, Portugal, India, and South Africa. Depending on your country of residence, you can use the Currencies Direct website in languages including French, Italian, Portuguese, Norwegian, Dutch, Spanish, Swedish, and Chinese. Read this review to learn more about Currencies Direct.
Pros
- Register as an individual, a business, or an online seller
- Accepts clients from most countries
- Offices in the U.S., the UK, France, Portugal, Spain, South Africa, India, and China
- Website access in multiple languages
- Choose from spot transfers, forward contracts, scheduled transfers, and limit orders
- Provides travel money solutions in the UK through a partnership with ICE Travel Money
- Local phone support available in different countries
Cons
- Services not available in all U.S. states
- No cash pick up centers
TransferWise
While the groundwork of this Azimo alternative took place in Estonia, it now functions as a UK-based specialist money transfer company. Apart from these two countries, it also has an office in the U.S. This alternative to Azimo began operations in 2011. It handles around £500 million in fund transfers each month. Access to the TransferWise website comes in English, French, Italian, Spanish, Portuguese, and Dutch. This is one of the few prominent fund transfer companies that lets customers pay with credit cards. Read the complete TransferWise review to find out more.
Pros
- Provides services to individuals and businesses
- Dedicated websites for Australia, Brazil, Canada, Switzerland, Germany, Spain, France, the UK, Italy, Japan, New Zealand, Singapore, and the U.S
- Website access in various languages
- Offices in the U.S., the UK, Australia, Hungary, Estonia, Ukraine, Singapore, and Japan
- Transfer as little as you want
- The Borderless account gives businesses a local banking experience in 15 different currencies
- Use the “send” and “receive” money options with no more than email addresses
- Sign up using Google, Facebook, or PayPal accounts
- Local phone support offered in different countries
Cons
- Peer-to-peer transfers not supported in all countries
- Transfer amount, currency of payment, destination country, and payment method affect cost of transfer
- Does not offer scheduled transfers, forward contracts, or limit orders
- No cash pick up centers
CurrencyFair
CurrencyFair is an Ireland-based money transfer company that began operations in 2009. Since then, it has dealt in fund transfers exceeding €3.54 billion. Other than Ireland, the company has offices in the UK and Australia. Besides English, you can use its website in Polish and French. This alternative to Azimo, through its unique ‘MarketPlace,, gives you the ability to bid for rates that are lower than prevalent market rates. One drawback is that this company does not allow outbound transfers from the U.S. If you wish to send money from the U.S., go through this page first.
Pros
- Register as an individual or a business
- Website access in English, French, and Polish
- Offices in Ireland, the UK, and Australia
- Minimum transfer amount is €8 or its equivalent in another currency
- Bid for preferred exchange rates using the CurrencyFair MarketPlace
- Set up scheduled transfers
Cons
- Does not accept residents of the U.S. as customers
- A €3 fixed fee and 0.35% of the transfer amount apply
- No limit orders or forward contracts
- Only transfers to bank accounts
FrontierPay
This Azimo alternative has offered overseas fund transfer services to customers the world over since 2009. Based in the UK, this company operates a single website, and only in English. Keeping pace with its competition, the fund transfer services it offers are less costly than banks. Every registered user has access to a dedicated personal dealer. Read the complete FrontierPay review for more information.
Pros
- Provides services to individuals and businesses
- Business clients can choose from spot orders, fixed forward contracts, option dated forward contracts, multi forward contracts, and market orders
- No transfer fees for personal transfers
- Dedicated personal account managers
- Trade online or over the phone
Cons
- Website access only in English
- Minimum transfer amount is £500 or its equivalent in another currency
- Office only in the UK
- Only a UK-based phone number for over-the-phone support
WorldFirst
Since it began operations in 2004, this money transfer company has transferred over $60 million in various currencies. It has its headquarters in the UK, with offices in Australia, Hong Kong, and Singapore. This Azimo competitor operates dedicated websites for residents of the UK, Australia, France, China, Japan, Hong Kong, and Singapore. Depending on which website you utilize, you might be able to access it in a local language. Get more insights about WorldFirst in this in-depth review.
Pros
- Register as an individual, a business, or an online seller
- Dedicated websites for the UK, France, the Netherlands, Australia, China, Japan, Hong Kong, and Singapore
- Website access in multiple languages
- Offices in the UK, the Netherlands, Singapore, Hong Kong, Japan, and Australia
- Offers spot contracts, forward contracts, and scheduled transfers
- Personal transfers do not attract any fees
- Transfer online or over the phone
Cons
- WorldFirst does not process transfers from the U.S.
- Minimum transfer limits
- No cash pick up centers
TorFX
The TorFX group has been around since 2004. Today, it processes around £3 billion in overseas fund transfers each year. This UK-based specialist money transfer company also has offices in mainland Europe, Australia, South Africa, and the U.S. In 2013, it launched a dedicated website for the Australian market. Start reading the TorFX review to determine if this company is right for you.
Pros
- Provides services to individuals and businesses
- No transfer fees for personal transfers
- Offers scheduled transfers, spot contracts, forward contracts, limit orders, and stop loss orders
- Provides travel money solutions in the UK
Cons
- Website access only in English
- Offices only in the UK and Australia
- No cash pick up centers
XE
XE (formerly HiFX) is one of the older non-bank players in this industry, having begun operations in 1993. Depending upon where you live, you can access its website dedicated to residents of the UK, the U.S., Australia, or New Zealand. Check this review to learn more about XE.
Pros
- Register as an individual or a business
- Dedicated websites for residents of the U.S., Canada, the UK, Australia, and New Zealand
- No fees for personal transfers
- Provides limit orders
- Website access in different languages
- Provides customer service in English, Spanish, and French
Cons
- Does not let you schedule transfers
- No cash pickup centers
OFX
OFX has been around since 1998, although it operated as OzForex until 2015. While the OFX website now caters to global customers, the group operated dedicated websites for residents of some countries in the past. Those sites included UKForex, USForex, CanadianForex, and NZForex. Since its inception, it has handled more than $100 billion in fund transfers. Headquartered in Australia, the company also has offices in New Zealand, the U.S., the UK, Canada, and Hong Kong. Find out what advantage you would enjoy by using OFX.com in this comprehensive review.
Pros
- Register as an individual, a business, or an online seller
- Dedicated websites for the U.S., the UK, and Australia
- Offices in the U.S. the UK, Australia, Canada, and Hong Kong
- No transfer fees for amount that exceed preset thresholds
- Choose from spot transfers, forward contracts, limit orders, and scheduled transfers
- Local phone support for residents of different countries
- Initiate transfers online or over the phone
Cons
- Website access only in English
- Trading in some currencies requires contacting OFX over the phone
- No cash pick up centers
FC Exchange
FC Exchange began operations in 2005. Headquartered in the UK, this Azimo competitor also serves its customers through offices in Cyprus and South Africa. You can use the fund transfer services of this company as an individual, a business, or an online seller. The company operates a dedicated website for online sellers from China. As an individual, you can make one-off transfers or set up regular payments. Payment methods vary depending on the country of your residence. Continue reading the complete FC Exchange review.
Pros
- Provides services to individuals and businesses
- Dedicated website for online sellers in China
- Access to dedicated currency brokers
- Offices in the UK, Cyprus, and South Africa
- Offers scheduled transfers, forward contracts, and market orders
- Initiate transfers online, over the phone, or via fax or email
Cons
- Website access only in English
- Transfer fees affected by destination country and payment method
- No cash pick up centers
WorldRemit
WorldRemit has been around since 2010. This company has its headquarters in the UK, with offices also in Australia, New Zealand, the U.S., Canada, and Japan. In 2014, it received an investment of USD $40 million from Accel Partners. A USD $100m investment in 2015, led by Technology Crossover Ventures, followed. Other than bank transfers, you can make payments using debit and credit cards. Access to the WorldRemit website comes in English, Spanish, and French. Learn more by reading this expert WorldRemit review.
Pros
- Transfer to bank accounts, mobile wallets, mobile airtime, or cash pick up centers
- Website access in English, Spanish, and French
- Offices in the U.S., Canada, the UK, Japan, Australia, and New Zealand
- Minimum transfer amount is £1 or its equivalent in another currency
- Local phone support in several countries
Cons
- Provides services only to individuals
- The transfer amount, transfer method, and currencies involved affect the cost of the transfer
- No forward contracts, limit orders, or scheduled transfers
- Sending limits might apply, depending on the transfer’s place of origin and chosen transfer method
The Big Banks
The big banks continue to lose out on individual and business clients who wish to transfer funds overseas, and not without reason. While specialist money transfer companies usually offer more competitive rates, they also charge lower fees. The fact that these companies are faster than banks also works in their favor.
Learn More
- Is there anyone better than TransferWise?
- Who is similar to OFX.com?
- Who is OFX.com and would you transfer money with them?
- Is CurrencyFair similar to TransferWise?
Imtiaz Hussain says
April 25, 2018 at 3:24 amMy money 340 Million US Dollars is under global money transfer service
now in ACH account of First century bank USA. Please send this money through local bank transfer to my bank in Islamabad Pakistan