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Alternatives to Azimo

Compare Azimo against some alternatives when sending money overseas.

Azimo was an online money transfer company known for offering fast, same-day money transfers at competitive rates. Its primary focuses were speed, simplicity and value. The provider is no longer operating after being acquired by Papaya Global. Here is a list of alternatives worth exploring.


Instarem logo

Instarem

Instarem is known mostly for its mid-market rates, which it only offers for some currencies during certain trading hours. When available, the mid-market rate can make larger transfers in particular more cost-effective. But it doesn't have the same range as Azimo.

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Why pick Instarem instead?

  • Mid-market exchange rates, but be aware that the zero-margin exchange rate only applies to some currencies during certain hours.
  • Competitive fees

Downsides

  • Bank transfers only
  • Limited range of currencies and countries


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

Downsides

  • Fees vary depending on your transfer amount and destination
  • Not suitable for large transfers


OFX logo Image: Supplied

OFX

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.

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Why pick OFX instead?

  • No fees on transfers above $10,000
  • Wide range of currencies
  • Forward contracts and limit orders

Downsides

  • $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

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.

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Why pick CurrencyFair instead?

  • Competitive rates
  • Simple, low flat fees

Downsides

  • 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

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.

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Why pick TorFX instead?

  • $0 transfer fee
  • Competitive rates, plus a price beat guarantee

Downsides

  • 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


MoneyGram logo Image: Supplied

MoneyGram

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.

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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

Downsides

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


Still looking for other options?

Our table below lets you compare services you can use to send money abroad. Compare fees, exchange rates and discounts from different money transfer services, and when you have made your choice, click Go to site.
1 - 23 of 23
Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer)
TorFX
24 hours
$0
TorFX sends money overseas in 40+ currencies, with competitive rates for transfer amounts over $2,000.
Xe Large Transfers
24 hours
$0
Xe has fast transfers with low fees and a range of foreign currency tools.
OFX
24 hours
$0
OFX has no maximum limit transfers, with competitive exchange rates for 50+ currencies.
Send Payments
24 hours
$0

Send provides fee-free transfers via its 24/7 multi-currency payments platform with real-time quotes.
Revolut
Within minutes
$0
Sign up and get a AUD$15 top-up. For new customers only. T&Cs apply.
Send money with great rates and low fees in 30+ currencies.
Xe Money Transfers
Within minutes
$0
Xe has fast transfers with low fees and a range of foreign currency tools.
Instarem
Within minutes
From 0%
50% off first transaction fee from any country in APAC (outside India).
Minimum transfer of $250 and max transfer of $500,000
Wise (TransferWise)
Within minutes
From 0.43%
Wise uses the mid-market rate and transparent fees to help you send money in 50+ currencies.
TorFX
24 hours
$0
TorFX sends money overseas in 40+ currencies, with competitive rates for transfer amounts over $2,000.
Remitly
Within minutes
From $0
Remitly has quick, affordable transfers around the world, with both express and economy options.
Rocket Remit
Within minutes
From $0 to $5
Send money instantly to friends and family in over 45 countries using just your mobile number.
MoneyGram
Within minutes
From $1.99
MoneyGram has fast cash pick-up transfers to more than 350,000 agent locations worldwide.
SingX
Within minutes
From 0.5%
SingX offers the real exchange rate every time you make a transfer and can help you send money across the world.
CurrencyFair
Within minutes
€3
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
OFX
24 hours
$0
OFX has no maximum limit transfers, with competitive exchange rates for 50+ currencies.
Send Payments
Send Payments
24 hours
$0
Send provides fee-free transfers via its 24/7 multi-currency payments platform with real-time quotes.
MasterRemit
Within minutes
From $0
Get your 1st and 2nd money transfer for free with promo codes FIRSTFREE and MASTERFINDER!.
Send money in minutes at competitive exchange rates to the Middle East, Africa and South Asia.
Western Union
Within minutes
From $0
Western Union sends money online to friends and family in 200+ countries around the world.
Qantas Business Money
Within minutes
$0
Earn up to 100,000 bonus Qantas Points on your first currency conversion by 31 July 2024. Conversion limits and T&Cs apply.
Set up accounts in 11 different currencies and get rewarded for global business payments by earning Qantas Points.
TorFX Business Transfers
24 hours
$0
TorFX guarantees to match any competitor's exchange rate. Conditions apply.
TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
OFX Business Transfers
24 hours
$0
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
WorldFirst
24 hours
From $0
Open bank accounts in Australia, the UK, US, Canada, Japan and Europe. Send and receive funds with zero fees for large sums, including same-currency supplier payments.
Send business
24 hours
$0

Send provides fee-free transfers via its 24/7 multi-currency payments platform with real-time quotes.
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Written by

Andrew Munro

Andrew Munro was the global cryptocurrency editor at Finder. During his time he covered all aspects of cryptocurrency and the blockchain. Before he became cryptocurrency editor, he was a content writer for Finder covering various topics over his nearly 5 years in the role. Prior to joining Finder he was a web copywriter. Andrew has a Bachelor of Arts from the University of New South Wales. See full profile

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