Azimo vs TransferWise – no matter which of these specialist money transfer companies you choose, you will be better off than dealing with banks. Both companies specialize in relocating funds from one country to another, letting you transfer different currencies to a host of countries.
If you look at the TransferWise vs. Azimo comparison on Trustpilot, a website where thousands of users review online businesses, you will see they both rate well. Azimo averages at 9.0 out of 10, whereas TransferWise achieves 9.6. Does this mean TransferWise is better? The answer depends on your individual requirements.
Access to the TransferWise website is offered in English, German, Spanish, French, Italian, Hungarian, Polish, Portuguese, Russian and Japanese. Azimo makes its website available in English, French, Dutch, Italian, Russian, Spanish, Polish, Portuguese, Romanian, and Turkish.
To help you choose between Azimo and TransferWise, this comparison is broken down into multiple categories:
- Exchange Rates
- Ease of Use
- Regular Overseas Payments
Overseas Money Transfer Fees
Both specialist money transfer companies can lead to noticeable savings in fees if you select them over banks. Whether it is best to work with Azimo or TransferWise depends on your current location, the desired transfer method, the currency you wish to transfer, and the destination country. You don’t have to concern yourself with hidden fees from either company.
- You can find out the cost of your transfer by using the calculator on the Azimo website.
- The fee can vary according to the desired transfer method, which include bank transfers, SWIFT transfers, cash pickup, and prepaid mobile deposits.
- You find out exactly how much you have to pay in fees before you initiate a transfer.
- Read the Azimo review for added information.
- TransferWise charges a nominal percentage of the amount your transfer as a fee, which can vary according to the destination country.
- To find out how much your fund transfer through this company will cost, review its fee breakdown table.
Ease of Use
You can look forward to a seamless fund transfer experience irrespective of whether you choose TransferWise or Azimo. If you require foreign language access, you should choose between the two websites accordingly.
- You can register for an Azimo account using your email address or Facebook account.
- You can pay via debit cards, credit cards, and bank transfers. In Germany and Austria, you can pay via Sofort Überweisung. In the Netherlands, you can use iDEAL. If you live in Italy or Spain, you can pay via Trustly.
- The company provides apps for devices that run on Android and iOS.
- The TransferWise website lets you register using your Google or Facebook account, which simplifies and speeds up the process.
- You can make payments via bank transfers, debit cards, and credit cards.
- The TransferWise Borderless Account comes with free bank account details in GBP, EUR, USD, AUD, NZD, and PLN.
- Borderless account holders may set up direct debits in GBP and EUR.
- Depending on where you live, you may apply for the TransferWise Mastercard.
- TransferWise provides apps for devices that run on Android and iOS.
Regular Overseas Payments
If your decision to go with Azimo or TransferWise involves scheduled overseas money movements, you may have to consider alternatives. Neither company supports scheduled payments, as of now. However, you can use details from previous transfers to initiate new transfers. Some other prominent fund transfer companies that offer this feature include OFX, HiFX, World First, and Currencies Direct.
- Is CurrencyFair’s competition up to the task?
- Who is OFX.com and would you transfer money with them?
- Does HiFX have adequate competition or is it all the same with a different name?