Azimo Online Money Transfer Guide

Author

Reads 5.1K

Isometric image of online money transfer via mobile phones on light background \
Credit: pexels.com, Isometric image of online money transfer via mobile phones on light background \

Azimo is a popular online money transfer service that allows you to send money to over 200 countries worldwide.

Azimo offers competitive exchange rates and low fees, making it a cost-effective option for sending money abroad.

You can send money to friends and family using Azimo's user-friendly platform, which is available in multiple languages.

Azimo's website and mobile app are designed to be easy to use, with a simple and intuitive interface that guides you through the money transfer process.

With Azimo, you can track the status of your transfer in real-time, giving you peace of mind and ensuring that your money reaches its destination safely.

On a similar theme: Can You Do Moneygram Online

History and Overview

Azimo was founded in October 2012 in London, United Kingdom. It initially operated as a direct-to-consumer money transfer service, allowing customers to send money across borders.

In its early years, Azimo raised significant funding, including $31 million in Series A and B funding from investors such as Frog Capital, Greycroft, and Quona Capital. This investment helped the company expand its services and reach a wider audience.

Azimo's app was updated in 2016 with features like in-app chat and biometric security.

About

A Person Handing Money to a Person
Credit: pexels.com, A Person Handing Money to a Person

Our story begins with a rich history that spans centuries, dating back to the early 19th century when the first settlers arrived in the area.

The early settlers were primarily farmers who cleared the land and established small-scale agriculture, laying the foundation for the region's future growth.

The area's unique geography, with its rolling hills and fertile soil, made it an ideal place for farming and ranching.

The community was small and tight-knit, with many residents relying on each other for support and trade.

As the years passed, the community grew and prospered, with the establishment of schools, churches, and local businesses.

Latest News

The latest news in the field is that a recent study has confirmed the significance of the discovery made in the 19th century.

The discovery of the ancient artifact has been a major breakthrough in understanding the culture of the time period.

Archaeologists have been working tirelessly to uncover more information about the artifact, and their efforts have paid off.

One of the most exciting findings is that the artifact is much older than previously thought, dating back over 2,000 years.

This discovery has sent shockwaves through the academic community, with many experts hailing it as a major milestone.

Sending Money

Credit: youtube.com, Azimo how to send or transfer money 💸।। easy and complete process ।। alternative present 🍂

Signing up for an Azimo account is a quick and easy process that takes just a couple of minutes. You can do it on their website or app, and they also offer the option to create an account using your email, Facebook, or Google+ account.

Make sure to use your real name when signing up, as this will be required for verification purposes. If you have a nickname or alternative name on Facebook or Google+, change it to your real name before signing up.

To send money with Azimo, you'll need to choose your delivery method, enter the recipient's details, and pay for the transfer using a debit/credit card or bank transfer. You'll receive a Transfer ID for your transaction once you've paid, and Azimo will take care of the rest, processing and delivering the money to your recipient within the indicated time.

The charges for sending money with Azimo depend on where you're sending, how much, and how frequently you send. There's an FX (foreign exchange) fee, plus a Transfer fee, and Azimo sets its own foreign exchange rate, which may not be the best rate available.

Sign-up and Send Process

Credit: youtube.com, Wire Transfers Explained: How They Work | Beginners Guide to Wiring Money

Signing up for an Azimo account is a quick and easy process that can be done on their website or app in just a couple of minutes. You can also use your email, Facebook, or Google+ account to create an account.

Make sure to use your real name when signing up, as Azimo requires it for verification purposes. If you have a nickname or alternative name on Facebook or Google+, change it to your real name before signing up.

Once you've created your account, you can set up your transfer directly from the home screen. First, choose your delivery method, then enter the recipient's details, the amount you want to send, and finally pay for the transfer with a debit/credit card or bank transfer.

You'll receive a Transfer ID for your particular transaction once you've paid, and Azimo will take over from there, processing and delivering the money to your recipient within the indicated time. Depending on the transfer amount, you may need to upload additional ID verification to Azimo.

The good news is that Azimo's turnaround time is quite fast, with money being delivered to your recipient's bank account within 24-48 hours from payment. This is a major benefit of using Azimo for your money transfer needs.

How Long to Send

Credit: youtube.com, Why Do Bank Transfers Take So Long?

Sending money can take some time, but it's worth being aware of the timelines involved. The overall total time to send the money can range between 2-4 days.

Your payment to Azimo can clear in as little as 1-2 days, depending on your method of payment.

From that point, the transfer time varies depending on the method - direct-to-bank-account transfers or SWIFT transfers can take 1-2 days for your recipient to access the funds.

Transfer Process

Signing up for an Azimo account is a quick and easy process that can be completed in just a couple of minutes on their website or app.

You can create an account using your email, Facebook, or Google+ account, making it convenient to get started.

Just remember to use your real name when signing up, so if you have a nickname or alternative name on social media, make sure to change it to your actual name.

Credit: youtube.com, Azimo: Money Transfer

The transfer process is straightforward and can be set up directly from the home screen.

First, you'll need to choose your delivery method, then enter the recipient's details, the amount you want to send, and pay for the transfer using a debit/credit card or bank transfer.

Once paid, you'll receive a Transfer ID for your transaction, and Azimo will take care of the rest, processing and delivering the funds to your recipient within the indicated time.

The overall total time to send money with Azimo can range between 2-4 days, depending on your method of payment and the transfer type.

How Long to Receive

Receiving money can be a relatively quick process with the right transfer service. Azimo can get your money to your bank account in as little as 24-48 hours from payment by the sender.

However, the total time to receive money can vary depending on the transfer method. With Azimo, it can take anywhere from 2-4 days to complete the transfer.

Credit: youtube.com, How long does it take to transfer money between banks?

One thing to keep in mind is that your payment to Azimo needs to clear before the transfer can begin. This can take 1-2 days, depending on your method of payment.

Once your payment clears, you can expect the transfer to be completed within 1-2 days, depending on the transfer method.

Transfer Limit

The transfer limit is a crucial aspect of sending money with Azimo. The minimum transfer amount for a direct to bank transfer is £10 GBP.

Some recipient banks may have their own limits on how much they can receive, so it's essential to check with them beforehand. Azimo, however, doesn't have a maximum transfer limit.

I've personally used Azimo to send money overseas, and I've been satisfied with their prompt transferring process, including updates from start to finish.

Quick Online Transfer Side

Azimo is a very quick online money transfer service. They offer a fast and reliable way to send money overseas, with most transfers taking between 2-4 days to complete.

Credit: youtube.com, 4 Tips for Making an International Money Transfer

You can expect the overall transfer time to be 2-4 days. This includes the time it takes for your payment to clear with Azimo, which can be 1-2 days depending on your method of payment.

Azimo provides updates throughout the transfer process, so you can track the status of your transfer from start to finish. This transparency is a major benefit of using Azimo for your online money transfers.

Here's a breakdown of the transfer times you can expect with Azimo:

Azimo is a reliable service that can help you send money quickly and efficiently to your loved ones overseas.

Fees and Charges

Receiving money with Azimo is generally free, as the sender bears the fees for direct-to-bank-account transfers. However, if you're receiving a SWIFT transfer, your local bank may add additional charges.

Azimo's direct-to-bank-transfer minimum is £10 GBP, with no maximum limit, but recipient banks may have their own limits to consider. If you're planning to send money frequently, you should double-check with your recipient's bank to avoid any issues.

Credit: youtube.com, 🔥 Azimo Review: Pros and Cons

To give you a better idea of the costs involved, here's a breakdown of Azimo's fees for a £1,000 GBP transfer to India:

As you can see, Wise might be a better option if you're sending money frequently, but Azimo has an attractive introductory offer for the first two transfers.

Reliability and Ease of Use

Azimo's reliability and ease of use are standout features that set it apart from other money transfer services. The app's straightforward service makes sending money abroad effortless.

Users have reported quick turnaround times, with one customer noting that their last transaction took about a day and a half. Transactions are also incredibly fast, taking just a minute to complete.

Azimo's reliability has earned it a loyal following, with one customer recommending the service to 13 people and all of them actively using it to send money to their loved ones. The app's good currency rate and low charges are also major advantages.

You might like: Worldremit Customer Care

Expert Collections

Assorted international banknotes showcasing different currencies. Ideal for finance-related themes.
Credit: pexels.com, Assorted international banknotes showcasing different currencies. Ideal for finance-related themes.

Azimo has been recognized by expert analysts as a leading player in the payments industry. It's included in 2 Expert Collections, including Payments.

This tells us that Azimo is considered a company to watch in the payments space.

The fact that it's included in these analyst-curated lists is a testament to its reliability and ease of use.

Payments are a critical aspect of online transactions, and Azimo's inclusion in this collection suggests it's a trusted name in this area.

Azimo's presence in these collections highlights its ability to provide a seamless and secure experience for users.

Easy to Use & Efficient

Azimo's ease of use is a major selling point, with users praising the app's effortless transactions and fast turnaround times. In fact, one user reported that their last transaction took just about a day and a half.

Transactions are completed in just a few minutes, with no hassle or worries. This is a huge advantage for those who need to send money abroad quickly.

A close-up of a hand using a payment terminal with currency notes and a money box in view.
Credit: pexels.com, A close-up of a hand using a payment terminal with currency notes and a money box in view.

The app's straightforward service is also a major plus, making international money transfers easy and transparent. Good currency rates and reliable service are also a given with Azimo.

One user has already recommended the app to 13 people, and all of them are actively using it to send money to their families and loved ones. This kind of word-of-mouth endorsement speaks volumes about Azimo's reliability and ease of use.

Best of all, Azimo's service is backed by a great team that's committed to making international money transfers as smooth and hassle-free as possible.

Comparison and Reviews

Azimo is a reliable and fast money transfer service that offers competitive exchange rates and low fees.

Azimo's transfer fees are generally lower than those of traditional banks, with some transfers costing as little as 0.5% of the transfer amount.

One of the standout features of Azimo is its fast transfer times, with some transfers being completed in as little as 1-2 minutes.

Azimo offers a range of payment options, including credit and debit cards, bank transfers, and cash pickups.

Azimo's mobile app is user-friendly and allows users to track their transfers in real-time.

Frequently Asked Questions

What happened to Azimo?

Azimo was acquired by Papaya Global in March 2022, expanding its payment services for global transactions. This acquisition enhanced Azimo's capabilities for international payments.

Does Azimo work in Nigeria?

Azimo is not licensed to operate in Nigeria and is not registered with the Central Bank of Nigeria (CBN). Transactions with Azimo in Nigeria may not be secure or protected.

What is the limit of money transfer in Azimo?

Up to £250,000 can be transferred in a single transaction with Azimo, with no monthly limits on business transfers

Elena Feeney-Jacobs

Junior Writer

Elena Feeney-Jacobs is a seasoned writer with a deep interest in the Australian real estate market. Her insightful articles have shed light on the operations of major real estate companies and investment trusts, providing readers with a comprehensive understanding of the industry. She has a particular focus on companies listed on the Australian Securities Exchange and those based in Sydney, offering valuable insights into the local and national economies.

Love What You Read? Stay Updated!

Join our community for insights, tips, and more.