Azimo Review 91

Currencies
40+
Regulation
FCA
Speed
1-2 Days

Overview

Azimo is a respected remittance services company, trusted by millions of people around the world. It is fully licensed and regulated by the Financial Conduct Authority (FCA). It is also fully authorised to offer remittance services and international money transfers, courtesy of HMRC, with license #12676497. The company’s mission is clear: to enable rapid, cost-effective, and secure international money transfers. This disruptive company has put UK High Street banks on notice with its customer-centric approach to expediting global payments. Azimo believes in transparency, accountability, and efficiency of operations. The user-friendly interface has been designed for quick-click functionality, to facilitate democratized financial services and affordable transactions.

Azimo operates under strict security guidelines. The company is fully compliant with FCA rules and regulations and subscribes to KYC (Know Your Customer) standards. Additionally, there are around the clock security protocols in place to scan for any unusual activity in your account. This remittance-oriented company is a proponent of secure card usage, with Verified by Visa, MasterCard SecureCode, and Amazon Web services. It has partnered with multiple leading entities in the Americas, Africa & Middle East, Asia & Pacific, Europe & CEE. These include Bank of America, RBS, BDO, Santander and scores of others. When you register at Azimo, you qualify for a fee-free transfer.

How to send money with Azimo

It’s relatively easy to use Azimo for international money transfers. Thanks to a synergistic network of money transfer companies, banks and financial institutions, it is possible to instantly send money to 60+ countries around the world. To get started, you simply need to complete 4 quick and easy steps:

  1. Provide the recipient’s details and the amount of the remittance
  2. Make the payment using Maestro, Bank Transfer, Visa, or MasterCard
  3. The transfer will be processed via cash pickup or the recipient’s bank account
  4. Remittances will be delivered within minutes or days, depending on the receiver’s bank

The sender will know when the transfer has been completed once an email has been received. This will provide confirmation about the money reaching the recipient’s bank account, or the cash pickup point. You will also see the status of the transfer changing in the transfer history of your account.

Ways of receiving money 

With Azimo, there are several available options to receive funds. One of these is direct to your bank account, and the other is a pickup with a local agent. A pickup reference number must be provided, and it must include full details of the sender’s name as displayed on an official government-issued ID document.

Why Use Azimo

Azimo is fully licensed and regulated by the FCA (Financial Conduct Authority) to process international remittances. This company makes it easy to transfer funds abroad by simply completing 4 steps. From inception to receipt of funds, it can take mere minutes, or a few days. Azimo is also one of the low-cost leaders for international money transfers. The FX cost ranges between 0.1% – 2.25% compared to banks which range between 5% – 10%.

The fee is also low at just £1.99 compared to the banks with an average fee of £10. Azimo has simplified the process of remittance services with a user-friendly platform and full mobile functionality. Security is another element that Azimo works hard on. It is compliant with KYC policies and features 24/7 monitoring of client accounts for any unusual activity. The first transfer is fee-free, and customer support is always on hand to assist.

Transfer fees

Transfer fees are dependent on several factors. These include the originating country (where you’re sending the money from), and the receiving country (which country funds are being transferred to). It also matters which delivery method you choose. Azimo’s international remittances allow you to save as much as 90% compared to traditional financial institutions and banks. Additionally, the Forex exchange rates and associated fees are significantly lower than big banks, often starting at £1.00. With Azimo, the first transfer is fee free.

Delivery Time

Typically, it takes 1 working day for funds to be transferred with Azimo. Of course, this is dependent on the delivery method that is selected. Azimo management must verify IDs and related security information on all transactions. This is part of the KYC process. While these take time, Azimo expedites money transfers. Be advised that transactions processed on a Friday afternoon will only be processed on the next business day. The company does not process transactions on bank holidays.

Is it safe

Safety is a top priority with this remittance services company. You can rest assured that the integrity of your personal information (banking, ID, and transactions) is always protected. All transactions are fully verified by Visa and MasterCard. Plus, KYC (Know Your Customer) protocol ensures that security checks are mandatory. This company is also FCA licensed and regulated. The Financial Conduct Authority oversees all businesses operating in the UK. As such, licensees are required to comply with strict regulatory constraints.

The company is also licensed by HMRC (Her Majesty’s Revenue and Customs) and certified by German TUV for data protection. The money transfer apps available through this remittance services provider are guaranteed secure. For starters, Azimo does not store any sensitive information on the app, meaning that nobody can steal your username/password. Azimo is also protected with firewalls and secure socket layer (SSL) technology. This company has a great rating of 4/5 stars by 15,769 reviewers on Trustpilot, with 76% of people rating it as excellent and 15% as great.

Azimo Apps

Azimo customers can use their smartphones and tablets to transfer funds abroad. The money transfer apps are available at the Google Play Store, and the App Store. The Azimo Money Transfer app has a 4.5/5 rating from 6,937+ reviewers at the Google Play Store, and a rating of 4.7/5 from 105 reviewers at the App Store.

Customer Support

Customer support can be reached by clicking on the contact us button. This will redirect you to the support center. You can simply enter your search query and find answers to your questions. For example, the Guide to Azimo, my transfers, my account, business, referrals & promotions, and countries are provided. Customer support is available between the hours of 9 AM and 6 PM UK time Monday through Friday. You can also reach this international remittance company in other languages including Italian, Spanish, Portuguese, Polish, Russian, German, and French. To get in touch, simply click the contact us button, enter your name, last name, date of birth, country, postcode, and mobile number. Once your profile is complete, you will be directed to enter your question/query. Support is available through social media channels like Facebook, Twitter, Instagram, YouTube and other networks.

Bottom Line

Azimo offers cost-effective, reliable, and secure remittances to dozens of countries around the world. There are 200,000+ pickup locations, across all continents. This FCA-regulated company has grown from strength to strength, and features prominently in the media, and among people transferring funds abroad. It is fully compatible with iOS and android devices, as well as PC and Mac. It’s easy to get started with personal or business remittances.

Pros

  • FCA regulated
  • Friend referral bonus
  • Competitive rates and low fees
  • Service to dozens of countries around the world
  • User-friendly interface and customer-centric focus

Cons

  • Limited coverage
  • Sign up process can be a little clunky
  • Scant information on receiving funds