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Alternatives to Azimo

Compare Azimo against some alternatives when sending money overseas.

Updated

Fact checked

Azimo is an online money transfer company known for offering fast, same-day money transfers at competitive rates. Its primary focuses are speed, simplicity and value. But since you can only use it to send money from Europe or the UK, Australians will need to find an alternative.


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.

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


InstaReM logo Image: Supplied

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.

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


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.

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.

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.

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


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

  • High fees
  • Poor exchange rates


Still looking for other options?

If you're still looking for another option, enter the details of your transfer into the table below to see the different rates offered by a range of money transfer companies. You can then compare your choices side by side.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
AUD 2,000 1 day AUD 0.00 0.689 USD
6,894
TorFX guarantees to match any competitor's exchange rate. Conditions apply.
Send money overseas in 30+ currencies with competitive rates for transfer amounts over $2,000.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.689 USD
6,894
SendFX guarantees to match any competitor's exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.
Go to site Show details
AUD 250 1 - 2 days AUD 0.00 0.689 USD
6,894
$0 transfer fees for Finder customers.
No-maximum limit transfers with competitive exchange rates for 100+ currencies. No transfer fee over AUD$10,000.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.689 USD
6,894
Better exchange rates for Finder customers.
Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.
Go to site Show details
GBP 3,000 1 day AUD 0.00 0.689 USD
6,894
Global Reach will match any competitor's exchange rates. Conditions apply.
Get no fees for both business and personal transfers when you send your money overseas with Global Reach.
Go to site Show details
AUD 1 1 day AUD 52.00 0.692 USD
6,886
Pay no fees on your first two transfers, up to $3,000.
SingX offers the real exchange rate every time you make a transfer and can help you send money across the world.
Go to site Show details
AUD 0 Same day AUD 2.99 0.685 USD
6,844
Special offers like free transfers and better exchange rates available for new customers.
Quick, affordable transfers around the world with both express and economy options.
Go to site Show details
AUD 1 Same day AUD 0.00 0.689 USD
6,887
Get fast transfers with no fees and a range of foreign currency tools. Go to site Show details
AUD 5 1 - 2 days EUR 3.00 0.685 USD
6,851
Special offer: Zero fees on your first 10 transfers.
Get bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Go to site Show details
AUD 1 Same day AUD 3.99 0.684 USD
6,836
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
An online money transfer service with cash pick-up, bank account to bank account and airtime transfers available.
Go to site Show details

Compare up to 4 providers


The "Rate" and "Amount Received" displayed are indicative rates that have been supplied by each brand or gathered by Finder.

Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention "Finder" before you commit to a brand.

Related Posts

International Money Transfer Offers

Important Information*
Logo for TorFX International Money Transfers
TorFX International Money Transfers

TorFX guarantees to match any competitor's exchange rate. Conditions apply.
Send money overseas in 30+ currencies with competitive rates for transfer amounts over $2,000.

Logo for SendFX International Money Transfers
SendFX International Money Transfers

SendFX guarantees to match any competitor's exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.

Logo for OFX (Ozforex) International Money Transfers
OFX (Ozforex) International Money Transfers

$0 transfer fees for Finder customers.
No-maximum limit transfers with competitive exchange rates for 100+ currencies. No transfer fee over AUD$10,000.

Logo for WorldFirst International Money Transfers
WorldFirst International Money Transfers

Better exchange rates for Finder customers.
Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.

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