Azimo Review

Azimo Review Summary

A Dutch based company, Azimo B.V. provides an online remittance service. Their products allow you to send and receive money to many countries in over 80 currencies. With 130 employees, they offer a wide range of options to meet your remittance needs. With more than half a million customers worldwide, you can be sure that you'll find the perfect option for you. The Azimo website has an easy-to-use interface and low fees. There are no minimum or lower limits on sending money, which makes it convenient for international users. It also offers low fees and convenient mobile phone transfers.

Azimo review
Azimo Features

Azimo Year Established

2012

Azimo International Clients

Azimo accepts international clients.

Azimo Age requirement

18 years

Azimo Currencies Offered

139 online

Azimo Minimum Transfer

£10.00

Azimo Transfer Fees

2.99%

Azimo Office Locations

Headquarters in US, with subsidiary offices and certified agents literally across the globe.

Azimo Employees

130

Azimo Turnover

33000000

Azimo Regulation

Financial Conduct Authority (FCA)

Azimo Fees

Azimo transfer fees are 2.99%.

Fees with Azimo may vary per transfer, depending on method of sending, currencies and amount. Based on World Bank statistics, the fixed fee can be as high as 19 Pounds for 120 Pound transfer to Ethiopia (source).

Additionally to the fixed fees taken by Azimo, the World Bank Statistics reveal that an additional markup of between 1 and 4 per cent is incurred.

Azimo Client Rating

Azimo has a rating of 3.

Number of Azimo customers

500000

Azimo Website

azimo.com

Azimo Supported Languages

English, French, Spanish, Polish, German, Italian, Portuguese, Romanian, Russian

Azimo Review

Azimo review
Pros and Cons of Transferring Money with Azimo

Most of the time money transfers with Azimo will be smooth. Each money transfer service have their own benefits and isses, so always weigh the pros and cons of sending money with Azimo money prior to submitting an application to Azimo.

Can you easily afford the Azimo fees, are the exchange rate costs reasonable with Azimo?

Azimo review
Azimo Advantages

  • Azimo has been in business over 4 years
  • Azimo offers PayPal as a payment method
  • Azimo offers Neteller as a payment method
  • Azimo offers Skrill as a payment method
  • Azimo is availble in many international countries.
  • Azimo offers a wide range of money transfer currency options.
  • Azimo offers Cash pickups for money transfers.
  • Azimo offers email support.
  • Azimo offers an Apple iOS mobile application.
  • Azimo offers an Android Google Play Store mobile app.

Azimo review
Azimo Disadvantages

  • Azimo does not offer PayPal as a payment method
  • Azimo does not offer Neteller as a payment method
  • Azimo does not offer Skrill as a payment method
  • Azimo does not offer a mobile wallet.
  • Azimo does not offer Home delivery for money transfers.
  • Azimo does not offer Money orders.
  • Azimo does not offer Livechat support.
  • Azimo does not offer phone support.

What Is Azimo?

Azimo is a financial service company, that offers its clients money transfer services.

Azimo was founded in 2012 by Richard Ambrose and has offices in Amsterdam (NL).

Azimo provides money transfer services to its 500000 customers who are from all over the world including EU/EEA, Switzerland, UK, Australia, Canada.

The Amsterdam (NL) Azimo business was founded in 2012 to deliver money orders locally and internationally.

Do Azimo Offer Money Transfer?

Money transfer businesses, or other financial corporations use EFT (electronic funds transfer) to send money across distances, large or small. That is to say that it is not actual money being sent, it is rather data that represents the amount being sent that the recipient can withdraw whenever they wish.

Is Azimo Trusted And Established?

Azimo is among the most recognized and reputable money transfer platforms. It has an exceptional track record and offers reasonable rates.

Azimo was established in 2012 in Amsterdam (NL), and has been in operation for around 11 years Azimo have a head office in Amsterdam (NL).

Azimo review
How much does it cost to send a Azimo Transfer?

Azimo money transfer exchange rates are quite minimal compared to banks and other money transfer providers. A minimal percentage is charged on top of the exchange rate as standard practice. Azimo only charges 2.99%, when compared to other money transfer service providers.

Azimo review
How much can I send with Azimo?

The maximum transfer amount with Azimo is up to £250,000.00 (SWIFT), £12,000.00 (card) (or its currency equivalent) online.

While Azimo charges a small percent of transfer fees, the brand offers reasonable exchange rates.

Azimo review
Azimo Money Transfer Terms and Conditions

When transferring money with Azimo, it is crucial to keep tabs on the following:

  1. Azimo Speediness. Often the need to money transfer may be urgent and time critical.
  2. Azimo Reliability and reputation. The safety of money and personal information can be a concern for those wanting to use international money transfer services to send money.
  3. Azimo Transaction charges. Transaction charges are important as the majority of customers wish to send money overseas without having to worry about paying excessive charges.
  4. Azimo Ease of use, and convenience. Your money transfer platform should be flexible and offer a good range of options and features, making it more convenient for customers to send money overseas.
  5. Azimo Customer service. Because one can often run into problems when transferring money. A money transfer platform with excellent customer service could solve a lot of problems. Azimo customer service should respond to your queries quickly and work with you to resolve any issues that you have.

Azimo review
How Azimo Compares To Other Money Transfer Companies

NameAzimoXE Money TransferWise Multi-Currency Account
Usedby50000028000000011000000
Transfer Time1 business day1-4 business days1-2 business days
Min Transfer£10.00US$1.001 USD
Max Transfer£250,000.00 (SWIFT), £12,000.00 (card)US$500,000.00 (or equivalent)1000000 USD/transaction/day (personal), 3000000 USD/transaction/day (business)
Payment MethodsBank transfer, debit/credit card, SOFORT, iDealBank transfer, credit card, debit cardBank transfer, debit card, credit card, SOFORT transfer
iOS Appyesyesyes
Android Appyesyesyes

Azimo review
Azimo Risk Warning

Any taxes or charges are payable in the destination country. costs may exist that are not paid through Azimo or imposed by Azimo. Your Azimo money transfer transaction may be cancelled if it is demmed to be connected with prohibited activities including all applicable laws regarding anti money laundering or counter terrorism financing laws. or the transaction is actioned through unauthorised use of your Azimo account.

Azimo review
Azimo Fees & Exchange Rates

Several money transfer platforms like Azimo charge money for every money transfer a customer makes through their platforms. Other than that, every time an individual exchanges money from one particular currency to another, the money transfer operator in this case Azimo may charge for a currency exchange.

Azimo review
Azimo Transfer Fees

A transfer fee is the sum of money that a money transfer operator like Azimo charges a customer for transferring money to a recipient. The amount charged depends on the operator charging it.

Azimo review
Azimo Exchange Rate Margins

Exchange rate margins are how Azimo, banks and other financial corporations make profit off their services instead of charging customers with commission fees.

When a bank or a money transfer service like Azimo quotes an exchange rate to a customer, they usually take the interbank rate and add an amount known as a margin rate. Check with Azimo to see what their exchange rate margin is.

Azimo review
Azimo Methods to Transfer Funds

A Azimo fund transfer is when someone sends money from their account to another person's account. Money can be transferred using different methods, e.g. online, via the phone, or a mobile app.

The methods to transfer funds are:

  • Manual EFT
  • Automatic EFT
  • Bill payment
  • Correction

Azimo enables users to transfer money using bank transfer, via none.

Azimo review
Azimo Currencies Supported

Money transfer operators that offer more currency options are beneficial because they make for reduced conversion fees. This way customers do not have to pay exorbitant conversion fees when transferring money.

Azimo offers every available world currency to its customers. We list the major Azimo supported currencies below.

Azimo Money Transfer Currencies
NameCurrencies
ALL, DZD, EUR, AOA, XCD, ARS, AMD, AUD, AZN, BSD, BHD, BDT, BBD, BYN, BZD, XOF, BMD, BTN, BOB, BAM, BWP, BRL, BND, BGN, BIF, XAF, CAD, CVE, KYD, CLP, CNY, COP, KMF, CDF, NZD, CRC, HRK, CZK, DKK, DJF, DOP, USD, EGP, SVC, ERN, ETB, FOK, FJD, FIM, GMD, GEL, GHS, GIP, GTQ, GNF, GYD, HTG, HNL, HKD, HUF, ISK, INR, IDR, ILS, JMD, JPY, JEP, JOD, KZT, KES, KID, KRW, KWD, KGS, LAK, LBP, LSL, CHF, MOP, MKD, MGA, MWK, MYR, MVR, MUR, MXN, MDL, MNT, MAD, MZN, NAD, NPR, XPF, NZF, NIO, NGN, NOK, OMR, PKR, PAB, PGK, PYG, PEN, PHP, PLN, QAR, RON, RUB, RWF, WST, SAR, RSD, SCR, SLL, SGD, SBD, ZAR, LKR, SRD, SZL, SEK, STN, TWD, TJS, THB, TOP, TTD, TND, TRY, TMT, TVD, UGX, UAH, AED, GBP, UZS, VUV, VND, ZMW
AED, BDT, BHD, BTN, HKD, IDR, ILS, INR, JOD, JPY, KWD, LKR, MYR, NPR, OMR, PHP, PKR, QAR, RUB, SGD, THB, TRY, TWD, VND, BAM, BGN, CHF, CZK, DKK, EUR, GBP, HRK, HUF, NOK, PLN, RON, RSD, SEK, BBD, CAD, CRC, DOP, GTQ, HNL, JMD, MXN, TTD, USD, XCD, AUD, FJD, NZD, TOP, WST, ETB, GHS, GMD, GNF, KES, MAD, MUR, MZN, RWF, SLL, TND, TZS, UGX, ZAR, ARS, BOB, CLP, COP, GYD, PEN, PYG, UYU
AED, ARS, AUD, BDT, BGN, BWP, CAD, CHF, CLP, CNY, CRC, CZK, DKK, EGP, EUR, GBP, GEL, GHS, HKD, HRK, HUF, IDR, ILS, INR, JPY, KES, KRW, LKR, MAD, MXN, MYR, NGN, NOK, NPR, NZD, PEN, PHP, PKR, PLN, RON, RUB, SEK, SGD, THB, TRY, TZS, UAH, UGX, USD, UYU, VND, XOF, ZAR, ZMW
ALL, ARS, EUR, BSD, BDT, XOF, BOB, BRL, BGN, BIF, USD, XAF, CLP, CNY, COP, KMF, CRC, HRK, CZK, DOP, EGP, ETB, FJD, GMD, GHS, GTQ, GNF, GYD, HNL, HUF, INR, IDR, JMD, JPY, JOD, KES, MGA, MWK, MYR, MXN, MAD, NPR, NGN, PKR, PYG, PEN, PHP, PLN, RON, RUB, RWF, SLL, ZAR, KRW, LKR, TSZ, THB, TND, TRY, UGX, UYU, VND, ZMW
AED, AUD, BGN, BRL, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, IDR, INR, JPY, MYR, NOK, NZD, PLN, RON, TRY, SEK, SGD, USD, ARS, BDT, BWP, CLP, CNY, COP, CRC, EGP, GEL, GHS, ILS, KES, KRW, LKR, MAD, MXN, NGN, NPR, PHP, PKR, RUB, THB, UAH, UGX, UYU, VND, XOF, ZAR, ZMW
AED, EUR, PLN, AUD, GBP, SEK, CAD, HKD, SGD, CHF, HUF, USD, CZK, NOK, ZAR, DKK, NZD
AED, ARS, AUD, BDT, BGN, BRL, BWP, CAD, CHF, CLP, CNY, COP, CRC, CZK, DKK, EGP, EUR, FJD, GBP, GEL, GHS, HKD, HRK, HUF, IDR, ILS, INR, JPY, KES, KRW, LKR, MAD, MXN, MYR, NGN, NOK, NPR, NZD, PHP, PKR, PLN, RON, RUB, SEK, SGD, THB, TRY, TZS, UAH, UGX, UYU, VND, XOF, ZAR, ZMW
AUS, SGD, HKD, INR, MYR, EUR, GBP, USD, CAD, JPY, NZD
USD, AUD, CHF, EUR, HKD, JPY, BBD, BMD, BSD, DKK, GYD, INR, JMD, KYD, MXN, NOK, NZD, SAR, SEK, SGD, TTD, ZAR, GBP
AUD, BGN, CAD, HRK, CZK, DKK, EUR, HKD, HUF, INR, ILS, JPY, JOD, MYR, MAD, NZD, NOK, OMR, PLN, GBP, QAR, RON, SAR, RSD, SGD, ZAR, KRW, SEK, CHF, THB, TRY, AED, USD
AED, AUD, BND, CAD, CHF, CZK, DKK, EUR, FJD, HKD, HUF, IDR, ILS, INR, IRR, JPY, KRW, KWD, LKR, MAD, MXN, MYR, NGN, NZD, OMR, PEN, PGK, PHP, PKR, PLN, SAR, SCR, SDG, SEK, SGD, THB, TOP, TRY, TWD, USD, VND, VUV, WST, XOF, XPF, ZAR
EUR, GBP, USD, CAD

Azimo review
Azimo Transfer Options

Azimo offers the following transfer options:

Azimo Money Transfer Options Compared
NameTransfer Options
Bank deposit, cash pick-up, mobile wallet deposit, mobile top-up, home delivery
Bank deposit
Bank deposit, mobile wallet deposit
Bank deposit, cash pick-up, home delivery, mobile wallet deposit.
Bank deposit, mobile wallet deposit
Bank deposit, mobile wallet deposit
Bank deposit, mobile wallet deposit
Bank deposit, cash pick-up (Philippines)
bank deposit, cheque, wire transfer, debit card, credit card
Bank deposit, cash pick-up, VISA & MasterCard, ATMs, mobile wallet deposit (depending on country)
Bank deposit
Bank deposit, cash pick-up , door-to-door delivery

Single Payments

’Single payments’ is a term used to recognize a one-time money amount from an allowance. For a single payment, the user may use a single credit card (or debit card) and have a single invoice.

Regular Payments

A regular payment is a highly economical and easy way to transfer money with Azimo. It is best suited for customers who have to transfer regular smaller amounts (usually three, four, or smaller five-digit amounts).

Azimo review
Who Azimo Services Are Available To

Azimo offers services for sixty different currencies across more than one-seventy countries.

The more global a money transfer operator becomes, the more reliable it is for people across the globe.

Azimo Country Restrictions

Azimo does not operate in the following countries :

  • North Korea

Certain countries are restricted because Azimo is not allowed to legally operate in those regions or it is not economically viable for Azimo to provide money services in these regions.

Azimo review
Azimo International Money Transfers

An International Transfer is when someone sends money from their account in one country to a bank account in another country.

Setting up your Azimo money transfer is quick and simple with the modern Azimo online platform.

Transferring money internationally used to be a tedious process 10 years ago but advances in software and the internet have made transferring money allot easier.

These days, you can send a money transfer with ease on the Azimo website.

The Azimo website includes useful and easy-to-access option for those who wish to track their money and monitor when it can be received, providing a safe and accessible option if you'd like to keep an eye on your transfer.

Azimo review
Azimo Minimum Money Transfer

Several money transfer companies do not have a minimum money transfer amount. Making it easy for their users to send small amounts of money. Azimo has a minimum transfer amount of £10.00.

Azimo review
Azimo Maximum Money Transfer

Money transfer companies often do not have maximum transfer limits. For example, Azimo does not have a maximum transfer limit when the user is paying through phone. There is however, a £250,000.00 (SWIFT), £12,000.00 (card) limit per transaction for online transfers.

Azimo review
Azimo Money Transfer Fees and Charges

These are the fees charged by Azimo and other money transfer companies (or other financial corporations) for transferring money. Several companies however, do not charge their users for transferring money. The only charges there are to pay are currency conversion charges.

Azimo review
How Long Does It Take to Get a Azimo Money Transfer

Azimo money transfers do not usually take very long. It normally takes less than 24 hours for a money transfer to complete between two accounts with the same financial corporation. While in the case of money transfers with money transfer services like Azimo, it can take a little as a few minutes. If the money is being sent overseas, it can take up to five days for the recipient to receive the money from Azimo.

Azimo review
Azimo PLC Status

If a company has the acronym PLC at the end of its name, it means that the business offers its shares to the public and is traded on a public stock exchange. This alone makes the company more reputable. Azimo is not a publically listed company. Azimo is a privately owned company.

Azimo review
Azimo Money Orders

The charges for issuing money orders with Azimo are 2.99%.

Azimo review
Azimo Mobile Top Up

Azimo offers mobile top ups.Azimo mobile top ups are where a user can add credit to a recipient’s mobile phone number. The recipients number has to be local. These are normally processed within minutes, if not seconds.

Azimo COVID-19 Help

Some money transfer companies offer COVID-19 financial assistance. This may be in many forms including payment holidays, reduced interest rates and more options to pay. Check with Azimo directly to see what they are able to offer if you are adversely affected by COVID-19.

Who are Azimo Money Transfers Best For

There may be many reasons you are looking to action a money transfer with Azimo. These reasons can include debt consolidation, medical bills, student debt, collection agency debt, wedding costs, holidays, home repairs and repaying friends and family.

Azimo money transfers are best for people looking for looking for a reliable fast money transfer service.

Azimo Guide for Fast Money Transfer Approval

For Azimo to be able to process your money transfer application as quickly as possible make sure you have everything Azimo need. If you and Azimo need to go back and forth it may delay the Azimo application process. Make sure every piece of information you give Azimo is accurate.

Please note that you must have at least a minimum of one active bank account for Azimo to process your money transfer.

Azimo Application Time

Application time refers to the amount of time you have to wait for your Azimo registration to be approved. This should not take long, especially if you have nothing which should come up as red flag on the Azimo system.

Azimo Approval Time

It is the time it takes for Azimo money transfer operator to approve the money transfer being made. Depending on the situation this can take up to five days.

Azimo Funding Time

It is the amount of time it takes for the recipient to receive the money transfer. Once your Azimo money transfer has been approved the money should be in your account within four working days.

Azimo review
Things to Check Before a Azimo Money Transfer

Why more features are useful for modern life’s and why new challenger banks are starting to beat traditional banks.

Here are a number of important things to consider before considering Azimo money transfer:

  1. Reliability and safety
  2. Making preparations before the transaction
  3. Convenience
  4. Transfer and conversion rates
  5. The quality of the customer service offered

Azimo review
Azimo Customer Support

Azimo support should be there to help customers with their issues which includes answering their queries, guiding them through and difficult processes and issues when transferring money. Azimo customer support should troubleshoot any issues with you until you get to a resolution that you are happy with.

When getting a Azimo money transfer you will want to speak to a Azimo representative in a language that you are comfortable with. All your Money Transfer queries and issues should be resolved quickly.

Azimo review
Does Azimo Offer Live Chat?

Customers can reach out to Azimo through live chat to resolve Azimo money transfer account issues or difficulties with their Azimo account that they can't solve. Live chat, or live support is a real-time live chat feature used by customer support representitives allowing customers to instant message to and receive guidance from a trained agent regarding a your money transfer related query.

Azimo review
How does Azimo Compare with Other Money Transfer Companies?

When deciding upon a money transfer company like Azimo you will want to know how Azimo compares with other leading online money transfer companies. See how Azimo compares below.

  1. Visit Azimo alternative XE Money Transfer

    Used By: 280000000
    Currencies Available: 76
    Transfer Fees: none
    Payment Methods: Bank transfer, credit card, debit card
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$500,000.00 (or equivalent)
    Year Founded: 1993

  2. Visit Azimo alternative Wise Multi-Currency Account

    Used By: 11000000
    Currencies Available: 54
    Transfer Fees: 0.5%-1%
    Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: 1 USD
    Max Transfer: 1000000 USD/transaction/day (personal), 3000000 USD/transaction/day (business)
    Year Founded: 2011

  3. Visit Azimo alternative Remitly

    Used By: 3000000
    Currencies Available: 63
    Transfer Fees: 0-3.99$
    Payment Methods: Bank transfer, credit/debit card
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$20,000.00
    Year Founded: 2011

  4. Visit Azimo alternative Wise

    Used By: 11000000
    Currencies Available: 54
    Transfer Fees: 0.5%-1%
    Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$1,000,000 (varies based on currency)
    Year Founded: 2011

  5. Visit Azimo alternative CurrencyFair

    Used By: 150,000
    Currencies Available: 17
    Transfer Fees: 0.45%
    Payment Methods: Bank transfer, debit card
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: £5.00 (or equivalent)
    Max Transfer: £10,000,000.00 (or equivalent)
    Year Founded: 2009

  6. Visit Azimo alternative Wise Business

    Used By: 11000000
    Currencies Available: 55
    Transfer Fees: 0.5%-1%
    Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: 1 USD
    Max Transfer: 1000000 USD/transaction/day (personal), 3000000 USD/transaction/day (business)
    Year Founded: 2011

  7. Visit Azimo alternative InstaReM

    Used By: 130000000
    Currencies Available: 11
    Transfer Fees: 0%-1%
    Payment Methods: bank transfer, POLi payment (Australia), debit card (EU residents), ACH Pull (US residents), FPX (Malaysian residents)
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: $1 (minimum sending amounts could differ based on certain currency pairs)
    Max Transfer: No limit (different countries have regulatory limits on outward and inward flow of remittances originating from or to the country)
    Year Founded: 2014

  8. Visit Azimo alternative Scotiabank

    Used By: 25,000,000
    Currencies Available: 23
    Transfer Fees: none
    Payment Methods: Bank transfer, debit card, credit card, apple pay, google pay, Scotiabank Saddletone gift cards
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: none
    Max Transfer: 10000 USD
    Year Founded: 1832

  9. Visit Azimo alternative Skrill

    Used By: 120,000
    Currencies Available: 33
    Transfer Fees: none
    Payment Methods: Cash, bank transfer, debit card, credit card, e-wallet, cryptocurrency (depending on country)
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: US$1.00 (varies based on certain currencies)
    Max Transfer: US$2,500.00 / day (weekly and monthly limites also apply)
    Year Founded: 2001

  10. Visit Azimo alternative MoneyGram US

    Used By: 150000000
    Currencies Available: 46
    Transfer Fees: 0-1.99$
    Payment Methods: pay by card or directly from your bank account
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: none
    Max Transfer: 3000 USD
    Year Founded: 1940

  11. Visit Azimo alternative Xoom

    Used By: 250000000
    Currencies Available: 4
    Transfer Fees: 0$-40$
    Payment Methods: Bank transfer, debit/credit card, PayPal balance
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: US$10.00
    Max Transfer: 2999 USD/day, 6000 USD/month, 9999 USD/3 months
    Year Founded: 2001

Azimo review
Azimo Website and Mobile Apps

Azimo has a website available online but it may be useful to manage your Azimo account from your mobile device like your tablet or phone.

Azimo offers an Android mobile application on the Google Play store.

Azimo offers an Apple IOS mobile application for iPhones and iPads allowing Azimo to users to check their Azimo accounts on their iOS mobile devices.

Azimo review
Azimo Deposit and withdrawal Methods

Azimo offers the following Money Transfer payment methods: Bank transfer, debit/credit card, SOFORT, iDeal. All of significant bank systems are all acknowledged with Azimo.

Azimo offers ACH Payment which is used for direct deposit and debit transfers within the US. It is similar in nature to BACS (for the UK) and EFT (for Canada). Users can pay through bank transfer.

The recipient will receive the money in their bank account and can withdraw it using the method they prefer. They cannot, however, receive the money in the form of cash.

Take note that Azimo may charge additional commissions and fees when using certain payment and withdrawal methods. These fees may not necessarily come from Azimo.

Azimo review
Is My Money Safe With Azimo?

Azimo is a reliable, secure, and trusted option for sending money overseas. Azimo are registered and regulated with the Financial Conduct Authority (FCA).These regulatory licenses have strict rules that are enforced. These regulations safeguard the funds entrusted to them by Azimo customers.

Azimo review
Azimo Financial Regulation and Safety of Azimo Funds

Every business that wants to send money across borders (in excess of €3 million per month) must be licenced under the Payment Services Regulations 2017 and the Electronic Money Regulations 2011, both of which were created by the UK government but executed by the FCA for UK residents.

Consumer credit, in simple terms, is credit offered to individuals so they can purchase goods or cover personal expenses. It does not cover long term investments such as purchasing property. It allows for a properly managed economy to function and further encourages economic growth.

Firms like Azimo that offer money transfer to retail customers are legally considered to be offering consumer credit.

A financial regulator ensures that consumers are protected, there is fair competition in the money transfer industry and the integrity of the Financial services industry as a whole is maintained.

Getting a money transfer with a regulated company is essential as it offers an increased level of protection than a money transfer from an unregulated one. This is because regulators are able to enforce strict rules and stop unscrupulous money transfer operators.

Laws differ on who can and cannot offer consumer credit in each country. Credit firms have strict rules that they must follow in order that they are legally allowed to transfer money to consumers. These laws are in place to protect consumers becoming trapped in a money transfer they can never pay off.

Be sure that Azimo is fully licenced as a money transfer company.

Azimo review
Azimo Payment Services Regulations and Azimo

The Payment Services Regulations Directive, is run by the European Commission in order to govern payment services and their providers across the European Union as well as the European Economic Area.

One of its goals has been to make foreign currency transactions transparent, much like currency payments. This is to protect consumers and businesses from being swindled.

What is the Financial Conduct Authority?

The FCA is a control body meant to license money transfer companies. Companies such as banks, Forex brokers, and money transfer operators are monitored the most. This is because they deal in situations that involve many intricacies, such as transferring money and offering loans, etc.

All reputable money transfer businesses that operate within the United Kingdom by law have to be registered and authorised as a payment institution by the Financial Conduct Authority (FCA) to comply with the Payment Services Regulations that were introduced in 2017.

Check Azimo is financially regulated. Azimo is regulated by the Financial Conduct Authority (FCA).

This makes sure that your Money Transfer agreement is above board and safe. In Addition, it Usually Means that Azimo Possess a responsibility of care to their clients.

Is Azimo Registered as a Money Service Business with HM Revenue & Customs

Financial institutions (which do not classify as banks) which convert and transmit money like Azimo are known as Money Service Businesses. While they provide services similar to banks, they are still not considered banks. They offer more varied product options to individuals looking to transmit or convert money.

Financial authorities tend to keep tabs on Azimo and other Money Service Businesses the most because the type of services they offer can leave them vulnerable to be used in financial crimes like money laundering. This is why it is crucial for them to be registered with the HM Revenue and Customs in the United Kingdom.

Azimo Segregation of Client Funds

Azimo as part of their regulation are required to segregate client funds from Azimo company funds and keep all client funds within a bank that is authorised as a credit institution by the regulator. All client funds should be kept in the most reputable third-party financial institutions such as Barclays or the Bank of America.

Azimo regulatory requirements mean that Azimo Money Transfer funds and your funds should be totally separate. Azimo cannot use any money that is still legally yours to conduct Azimo daily business like paying Azimo suppliers and costs. Your funds should be kept by Azimo in a segregated bank account.

Azimo Regulation Checklist

  • Check whether Azimo has authorisation to offer consumer credit
  • Check the type of activities that Azimo are allowed to conduct with their authorisation
  • Check the contact details, trading names and main business of Azimo list on their website and the regulator match.

Azimo Fraud Prevention Features

Fraud prevention is highly crucial when transferring money because once the money is gone, it's gone. Scammers most often gravitate towards money transfers. Lack of fraud prevention procedures can lead to loss of funds, or even identity theft.

Azimo goes to great lengths to protect your Azimo account from fraudulent use. We explain some of Azimo anti-fraud features below:

  1. Azimo has SSL encryption that protects the customer's private information.
  2. Azimo has cutting edge technology that monitors almost everything i.e. from logins to transactions.
  3. The Azimo platform has a bespoke monitoring system that helps to detect and prevents fraud.

Automated Transaction Confirmations

Having instant notifications turned on is not only convenient because the user is instantly alerted whenever there is a payment related activity on their Azimo account, as you are instantly aware of every Azimo transaction these notifications to your phone help you to keep tabs on any suspicious activity.

After conducting a transaction with Azimo, the Azimo accounts primary contact will receive a transaction confirmation confirming the transaction amount, rate exchange applied, and Azimo delivery instructions.

Azimo Monitors Your Account for Suspicious Transactions

Azimo has systems and controls in place to detect fraudulent activity and protect Azimo client accounts from misuse. If Azimo detect a questionable transaction on your Azimo account, Azimo will contact you to verify the transactions legitimacy to ensure your Azimo funds are safe.

How Does Azimo Make Money?

Azimo and other money transfer companies often charge their customers a certain amount of interest fees on every transaction made. The fees depend on the amount of money the customer wishes to transfer. Azimo also earn money via foreign exchange rates.

Money transfer companies like Azimo and banks need to survive, so they make money on interest from accounts and money transfers.

Azimo Frequently Asked Questions

We list some of the most frequently asked Azimo questions below.

Is there a limit to how much I can transfer with Azimo?

You can transfer up to £250,000.00 (SWIFT), £12,000.00 (card) at a time.

When will I receive my Azimo transfer?

It normally takes 3-5 business days.

Is it possible to cancel my Azimo transaction?

Azimo do not offer phone support.

How old do you have to be to sign up to a Azimo account

To signup to a Azimo account you will need to be at least 18 years old.

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Is Azimo a Scam?

Azimo have been in operation since 2012 and have over 500000 customers and 130 employees. Azimo is not a scam.

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Sending money online with Azimo

Sending money with Azimo is a single process once you have registered and verified your Azimo account and payment methods.

  1. Go to the Azimo website
  2. If you have a Azimo account you can log in, otherwise you will need to create a new account.
  3. Decide how much you would like to send and where you want to send it to.
  4. Enter all the required information about the beneficiary, this might include their name, address, bank account details, and other personal data.
  5. Tell Azimo how the beneficiary wants to get their money. Eg. through a bank transfer, cash pickup, or via some other means.
  6. Agree to the Azimo exchange rate and any fees.
  7. Pay for your Azimo transfer.
  8. Enter your information and provide and supporting documentation to verify your identity.

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How do I receive money from a Azimo money transfer?

Depending on where you are located, you have a few options for how you can receive any money that has been sent to your Azimo account. Your options for receiving money depend on the information entered by the sender, the country you are in, the currency you are receiving, and some other factors. Some methods of receiving money may not be available to you.

Receive Azimo money directly into a bank account

Bank transfers are useful because not only are they safe, but the whole process is quick, and they offer the kind of flexibility no other method can. Azimo allows for a deposit directly into your bank, credit union or other financial account.

Azimo Cash Pickup

Some money transfer companies have agents around the world, and you will need to take identity documents to receive cash. Money is typically available within ten minutes of being sent. Azimo allows you to pick up money in person at a Azimo agent location.

Azimo Smart Money and mobile wallets

A mobile wallet virtually stores cash card details on a smartphone. These are quite convenient as they allow for users to make purchases at physical stores without needing to carry money.

Azimo Does not support mobile wallets.

Azimo Home delivery

It is a way for an individual to receive money without having to leave home. What this means is that any money you send can be received in person at a designated home address. The money is delivered by a local agent. Azimo do not offer home delivery money transfers.

When was Azimo founded?

Azimo was founded in 2012.

Is Azimo Any Good?

Azimo have a rating of 3 and are financially regulated, Azimo can be considered a good money transfer company.

Is it easy to close my Azimo account?

Its is easy to close you Azimo account. You will have to make sure any outstanding payments and fees due to Azimo are paid in full Before Azimo will fully close your account. Make sure when closing your account Azimo send you an official confirmation that your account is closed and no more monies are due to Azimo.

Does it take long to setup a Azimo account?

No, setting up a Azimo account can take a few minutes. You will need to provide some proof of identity and address. You should definitely be able to access all the features of your Azimo account in 1-3 days.

Where are Azimo based?

Azimo are based in Amsterdam (NL)

Countries where Azimo is legal?

Azimo is legally allowed to operate in over 15 countries.

How do I track a Azimo Money Transfer

You can track a Azimo money order by calling Azimo or by tracking the order online. Call Azimo number on . The Azimo automated phone system will take a few details and give you a status update. You can go online to the Azimo website and check the status of a money transfer at any time.

If you have a Azimo online account, log in and view your transaction history; If you do not have an online account, or if you are the receiver of the Azimo transaction, use the Azimo payment reference number on the Azimo website to check the status of the transfer.

Can I cancel my Azimo transfer?

The way that you cancel a Azimo transfer depends on how you created and sent the Azimo money transfer originally.

You may need to contact Azimo by phone on , through their website at azimo.com or via email [email protected] Requests are typically processed within 30 days, and you may be charged a cancellation fee by Azimo.

If you made the Azimo transfer online, then you should log in, find the transaction in your transaction history and then cancel it on the 'Transaction Details' page. If you do not have a Azimo account, use the 'Track a Transfer tool to find the transaction and then cancel it on the Transaction Details page.

Double check the terms and conditions for cancelling a Azimo transfer on their website.