Azimo is a money transfer service founded in October 2012 by Michael Kent, Marta Krupinska, Ricky Knox and Marek Wawro. It has its headquarters in Amsterdam, Netherlands after it moved from London, UK. It is regulated by the Financial Conduct Authority in the UK. You can send money to over 190 countries in over 80 different currencies.
It is worth noting that Azimo is not available in the U.S. Hence, you may need to find alternative cash transfer services. It only accepts customers from the UK and Europe.
To open an account, you will need to provide proof of address using a utility bill and photo identification. You can use a passport or driver license for identification. This is Azimo review and what you need to know.
Types of Azimo Cash Transfers
You can make five types of cash transfers through Azimo. Among them are:
- Bank transfers. Azimo has partnered with some banks. For instance, it has partnered with Diamond Bank, Zenith Bank, First Bank, and UBA in Nigeria. You can transfer money in GBP, USD and EUR using SWIFT.
- Cash pickups. Azimo has over 200,000 pickup locations through its partnership with banks to provide cash pickup services worldwide.
- Mobile Wallets. For instance, Azimo has partnered with M-Pesa for money payouts.
- Home delivery. In the Philippines, you can get cash delivered to your doorstep within 24 hours.
- Mobile air time top-up. You can use Azimo to top up a recipient's airtime to make calls and send messages.
You can also make credit card, debit card, or SOFORT Uberweisung transfers. It is worth noting that you can only use SOFORT when sending a maximum of 999 EUR from Austria or Germany.
Read also: WorldRemit Reviews.
Azimo App Review
You can download Azimo App from Google Play Store or Apple Store. You can use the app to open an account, send money through bank transfers, or pick up locations. You can also use it to track cash transfers, while you can also view the transaction history. You can check the exchange rates and transfer fees before initiating a transfer.
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Azimo Exchange Rates
Azimo fees are just like those of many other money transfer services. Azimo charges a margin above the mid-market rates and interbank rates. Their conversion rates range between 0.01% and 2.25%. However, their exchange rates are far much fair compared to those offered by most banks. You can get Azimo voucher to enable you get 10 euros off for the first transfer.
The average transfer fees for Azimo are 1.99 euros.
Azimo does not have hidden fees and you can check how much the recipient will receive before you can initiate a transfer. Among the fees you can expect include credit card fees, which can go as high as 2.99% for every transaction.
How Long Does it Take to Transfer Money?
For most bank transfers, it takes one working day to complete a transfer with Azimo. However, sending money on weekends can take longer. Once a transfer is complete, you will receive an email or push notification. It is important to note that card transfers are faster compared to bank transfers. The maximum transfer limit is 250,000 GBP.
Azimo Customer Service
You can reach Azimo customer support through live chat or email. Email support is available to non-customers. However, they do not have phone support. Their services are translated into different languages like Russian, English, Polish, Italian, French, Romanian, Portuguese and Spanish.
Read also: Venmo Reviews.
- You can transfer cash to over 200 countries.
- Multi-lingual customer support
- Low fees and competitive rates
- New customers make the first two transfers free of charge.
- Fast cash payouts
- Azimo does not have phone customer support, while the email support is limited to weekdays.
- It takes a day or two for verification.
- In case there is a transfer cancellation, it takes some time to get a refund.