Alternatives to Azimo

Compare Azimo against some alternatives when sending money overseas.

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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. Alternatively, learn more about Azimo in our review.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
GBP 0 1 - 2 days AUD 0.00 0.743 USD
7,426
Azimo sends money directly to a bank account or over 280,000 cash pick-up points. It also has fast transfers to 50+ countries. Go to site Show details
AUD 2,000 1 day AUD 0.00 0.745 USD
7,448
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.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.745 USD
7,448
Better exchange rates for Finder customers.
WorldFirst sends 60+ currencies at competitive rates. If you find a better eligible quote, WorldFirst will beat it.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.745 USD
7,448
Send guarantees to match any competitor’s exchange rate. T&Cs apply.
Send provides fee-free transfers via its 24/7 multi-currency payments platform with real-time quotes.
Go to site Show details
AUD 250 1 - 2 days AUD 0.00 0.745 USD
7,448
$0 transfer fees for Finder customers.
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
Go to site Show details
AUD 1 1 day AUD 52.00 0.744 USD
7,402
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 10 Within an hour AUD 2.99 0.74 USD
7,394
Special offers like free transfers and better exchange rates available for new customers.
Remitly has quick, affordable transfers around the world, with both express and economy options.
Go to site Show details
AUD 1 Same day AUD 0.00 0.744 USD
7,441
XE has fast transfers with low fees and a range of foreign currency tools. Go to site Show details
AUD 200 1 - 2 days AUD 50.00 0.747 USD
7,433
New customers sending over AUD 500 from Australia use code FINDER50 to get AUD 50 off. Valid till 30th June 2021. T&Cs apply.
InstaReM offers simple transfers with a flat 0.5% transfer fee for most transfers.
Go to site Show details
AUD 1 Same day AUD 3.99 0.739 USD
7,385
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
Go to site Show details
AUD 1 1 - 2 days AUD 45.00 0.745 USD
7,414
Wise uses the mid-market rate and transparent fees to help you send money in 50+ currencies. Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

More guides on Finder

International Money Transfer Offers

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

Azimo sends money directly to a bank account or over 280,000 cash pick-up points. It also has fast transfers to 50+ countries.

Logo for TorFX International Money Transfers
TorFX International Money Transfers

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.

Logo for WorldFirst International Money Transfers
WorldFirst International Money Transfers

Better exchange rates for Finder customers.
WorldFirst sends 60+ currencies at competitive rates. If you find a better eligible quote, WorldFirst will beat it.

Logo for Send International Money Transfers
Send International Money Transfers

Send guarantees to match any competitor’s exchange rate. T&Cs apply.
Send provides fee-free transfers via its 24/7 multi-currency payments platform with real-time quotes.

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