Azimo or Currencies Direct – which of these company’s services should you use to transfer funds overseas? While a number of people use Azimo, there is no dearth of Currencies Direct users, as well. Not surprisingly, users of both companies are usually quite satisfied.
If you look at the Currencies Direct vs. Azimo comparison on Trustpilot, you will notice that both companies rate well. Azimo averages at 9 out of 10, whereas Currencies Direct scores 9.1 out of 10. The difference in scores is marginal.
Choosing between Currencies Direct and Azimo for your fund transfer needs requires that you address multiple aspects. I have divided this comparison into the following sections accordingly.
- Exchange Rates
- Ease of Use
- Regular Overseas Payments
Global Money Transfer Fees
There is no need to worry about hidden fees with Currencies Direct or Azimo. Both are quite forthcoming with all rate information.
- The country you are transferring funds to along with the transfer method affect the fees you pay. An electronic bank transfer is typically less expensive than a SWIFT transfer.
- You learn how much you have to pay in fees before finalizing a transfer.
- Currencies Direct processes around 90% of its fund transfers without charging any fees.
- If it charges a fee, it informs you ahead of time.
Ease of Use
This section of the Azimo vs. Currencies Direct comparison gives you means to pick between the two companies based on factors such as language preference, transfer methods, and modes of payment. The online application for both companies takes no more than a few minutes to complete. However, you have to wait for verification of your details before you can access your account.
- Azimo allows you to use your Facebook credentials to complete the registration process.
- It provides website access in English, Spanish, Russian, French, Italian, Dutch, Polish, Romanian, Turkish, and Portuguese.
- You can transfer funds via electronic bank transfers, via SWIFT, and to cash pick up centers.
- Azimo lets you top up prepaid mobile phones of some countries.
- International customers can make payments via electronic bank transfers, debit cards, and credit cards.
- If you are an Austrian or German resident, you can make payments via Sofort Überweisung.
- Residents of the Netherlands can make payments via iDEAL.
- If you reside in Italy or Spain, paying via Trustly is an option.
- You can use Azimo apps with devices that run on Android and iOS.
Regular Overseas Payments
If you want to set up regular transfers, the choice is easy. While Currencies Direct lets you set up regular payments, Azimo does not offer this functionality yet.
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