Compare Azimo vs TransferWise

Azimo Ltd Logo
Trustpilot Rating
Reviews 41,142 | Excellent
 (4.6)

Azimo Ltd is an electronic money institution focused on international money transfers. Azimo Ltd offers international payments, international payrolls to natural persons, business entities. In 2019 Azimo Ltd had total assets of 18.34 mln GBP, Azimo Ltd generated net income of -1,449,349.00 GBP. Incorporated in the United Kingdom, Azimo Ltd is authorized and regulated by the Financial Conduct Authority.

Transferwise Ltd Logo
Trustpilot Rating
Reviews 92,838 | Excellent
 (4.7)

Transferwise Ltd is an electronic money institution focused on international money transfers. Transferwise Ltd offers prepaid cards, international money transfers, virtual accounts with IBAN to individuals, businesses. In 2019 Transferwise Ltd had total assets of 1,108.80 mln GBP, Transferwise Ltd generated net income of 10.30 mln GBP. Incorporated in the United Kingdom, Transferwise Ltd is authorized and regulated by the Financial Conduct Authority.

Azimo Business Focus
international money transfers
Azimo Products
  • international payments
  • international payrolls
Azimo Clients
  • natural persons
  • business entities

View Azimo Profile +

TransferWise Business Focus
international money transfers
TransferWise Products
  • prepaid cards
  • virtual accounts with IBAN
TransferWise Services
  • international money transfers
TransferWise Clients
  • individuals
  • businesses

View TransferWise Profile +

Compare Money Transfers

Azimo TransferWise
Speed0-4 days0-2 days
Amount Range10.00 GBP - 250,000 GBP1.00 EUR - 1,200,000 EUR
Countries195+ countries60+ countries
Currencies150+ currencies40+ currencies
Sending From
  • bank accounts
  • debit cards
  • credit cards
  • Transferwise accounts
  • bank accounts
  • payment cards
Receiving To
  • bank accounts
  • mobile phone accounts
  • cash pick-up points
  • Transferwise accounts
  • bank accounts
  • payment cards
Transfer Options
  • one-time payments
  • one-time payments
  • regular payments
  • batch payments
  • direct debits
  • large amounts transfers
Make Transfer Make Transfer
 

Transfer Costs

Azimo

Transfer Fees
The exact fee can vary based on where you are sending to and from, and the chosen delivery method.

TransferWise

Transfer Fees
How much a particular Transferwise transfer costs depends on three things — the amount being sent, the payment method, and the exchange rate.
Exchange Rate
Transferwise ensures that its customers get mid-market rate — it’s the one banks use to trade between themselves.

Transfer Speed

Azimo

On average, a transfer with Azimo takes one working day.
The delivery time of a transfer may vary depending on:

  • the country the money is being sent to,
  • the chosen delivery method
  • and the way a sender pays for the transfer.

Payments done by card are a much faster option, as they only take a few minutes to reach Azimo's account.
In order to transfer money quickly, Azimo holds funds in most currencies around the world which means that it can send money instantly to 60+ countries.

TransferWise

Transferwise provides an estimated delivery time for every transfer. In general, the delivery time depends on the following:

  1. Sending and receiving countries and currencies.
  2. Payment method. Some payment methods and faster than the other. For example, card payments are normally instant, while bank transfers take longer.
  3. Transfer initiation time. Transferwise can handle the money during normal banking hours.
  4. Security checks. Sometimes Transferwise needs to verify sender's ID, address as well as other details. Such verification can add extra time to your transfer on top of the initial estimation.

Sending Countries

Azimo

Azimo allows to send money from 25 countries, namely:

GB United Kingdom
SE Sweden
NO Norway
DK Denmark
CH Switzerland
PL Poland
AT Austria
BE Belgium
CY Cyprus
EE Estonia
FI Finland
FR France
DE Germany
GR Greece
IE Ireland
IT Italy
LV Latvia
LT Lithuania
LU Luxembourg
MT Malta
NL Netherlands
PT Portugal
SK Slovakia
SI Slovenia
ES Spain

TransferWise

Transferwise offers sending money from a sender's Transferwise account, so sending money is available for all countries where Transferwise Borderless account is offered. Transferwise Borderless account is offered worldwide expect for several sanctioned countries and territories.

Receiving Countries

Azimo

Azimo allows to send money to more than 195 countries.

TransferWise

TransferWise allows to send money to 50 countries, namely:

SEPA-Countries (Europe)
AR Argentina
AU Australia
BD Bangladesh
BR Brazil
BG Bulgaria
CA Canada
CL Chile
CN China
CO Colombia
HR Croatia
CZ Czech Republic
DK Denmark
GE Georgia
HK Hong Kong
HU Hungary
IN India
ID Indonesia
IL Israel
JP Japan
KE Kenya
MY Malaysia
MX Mexico
MA Morocco
NP Nepal
NZ New Zealand
NG Nigeria
NO Norway
PK Pakistan
PE Peru
PH Philippines
PL Poland
RO Romania
RU Russian Federation
SG Singapore
ZA South Africa
KR Korea, Republic of
LK Sri Lanka
SE Sweden
CH Switzerland
LI Liechtenstein
TH Thailand
TR Turkey
UA Ukraine
AE United Arab Emirates
GB United Kingdom
US United States
VN Vietnam
EG Egypt
GH Ghana

Sending Methods

Azimo

Bank Account
A sender needs to transfer the full amount from his/her own bank account into Azimo's bank account. This can be done through online banking, calling the bank, or visiting the bank's branch in person.
Personal Debit and Credit Cards

  • A sender should be using his/her personal card, so that the name on the card should match the name on his/her Azimo account
  • The maximum sending amounts for card payments is around 13,500 EUR
  • Azimo do not accept the following card types:
    • Prepaid cards
    • Virtual cards
    • American Express
    • Miles & More

TransferWise

Transferwise Account
TransferWise offers instant transfers between TransferWise account holders.
Bank Account
TransferWise allows to send money from a sender's bank account: the sender should send money to TransferWise own bank account in the sender's country.
Payment Card
TransferWise supports sending money from payment cards the same way as from bank accounts.

Receiving Methods

Azimo

Bank Account
Direct to bank is a transfer when the money is delivered straight to the recipient’s bank account in local currency.
Mobile Top-up
Mobile top-up is a transfer where a sender can add credit to the recipient’s local mobile number. Mobile top-ups are usually processed within minutes.
Mobile Wallet
A mobile wallet is an electronic wallet that allows to store, send and receive money on a cleint's mobile phone.
Cash Pick-up
Cash pick-up is a transfer when the transfer's recipient can collect as physical cash from over 200,000 secure pick-up locations around the world.
Home Delivery
Home delivery is a transfer where the money is securely delivered straight to the recipient’s door within 24 hours.

TransferWise

Transferwise Account
TransferWise offers instant transfers between TransferWise account holders.
Bank Account
Delivering money to bank accounts is the main receiving method in TransferWise.
Payment Card
TransferWise can deliver CNY to UnionPay card holders based in China.

Advantages and Disadvantages

Advantages of Azimo Transfers

Fast transfers to 195+ countries
Available for individuals and business entities
Variety of receiving options
Variety of sending options
First two transfers are fee-free

Advantages of TransferWise Transfers

Broad countries coverage
Available for individuals and business entities
Suitable for large transfers

Disadvantages of Azimo Transfers

Sending money available from Europe only
May not be the cheapest option

Disadvantages of TransferWise Transfers

Have to open a current account with TransferWise
Receiving money mainly to bank accounts

How Azimo Transfers Work

1.
Login or register
Login or register at Azimo website.
2.
Enter recipient details and amount
Set up the transfer by entering all details yourself or requesting them via Azimo's app.
3.
Pay securely
Visa, Master Card, Maestro and bank transfers accepted.
4.
Transfer processed
Money from our local partner's account is sent to your recipient's bank or cash pick-up point.
5.
Money delivered
Money can be delivered in minutes to a few days, depending how fast your recipient's bank can process it.
6.
Transfer completed
You receive e-mail confirmation.


How TransferWise Transfers Work

1.
Create account
Create and verify your TransferWise account
2.
Enter transfer's details
Provide the recipient’s details and the amount you want to send. Note that the recipient doesn't need a TransferWise account, just a bank account.
3.
Pay for your transfer
Pay by credit or debit card or make a local bank transfer to TransferWise’s bank account in your country. You don't have to link your bank account to TransferWise (unless you’re sending from Canada or the US).
4.
Transfer processed
TransferWise has local bank accounts in countries all over the world. So often TransferWise is able to use money from a TransferWise user sending money the other way around.
5.
Transfer completed
If you provide your recipient’s email address, the recipient will get a notification that the money is on the way.


See Also