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 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.
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.
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.
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.
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.
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.
Your guide to the best foreign currency accounts for business, including how to open an account.
Your detailed guide to opening a bank account in NZ, including eligibility criteria and how to apply.
All the info you need to know about buying a property in Japan from Australia.
The detailed guide to buying a property in the UK as a foreigner.
If you're looking to transfer money out of Australia, read our guide on the four best transfer companies.
Compare Revolut with Wise on speed and cost to see which is best for your next money transfer.
Check out our review of TorFX's fee-free money transfers.
If you're looking to send money overseas, check out our review of WorldRemit.
Send an international money transfer to someone without a bank account. Get it there instantly and they can pick it up in person, in cash. Get quotes now.
If you’re thinking of sending a money transfer with Western Union, read our review of its transfer speed, exchange rates and fees first.