Depending on the location you can collect the money in cash or transfer it directly to a bank account. Because no one like to pay fees or have a low rate exchange. Furthermore, Azimo rates are sometimes better than the official rate found on xe.com.
Azimo refer a friend invite – no expiry date
Code discount Azimo £10 GBP off on your first transfer, minimum spend £100
I started using Azimo in South America in Argentina, I was doing Azimo cash pick up as in this country paying by card often requires to carry an ID, travellers and locals in general pay in cash only. So I paid with my card online and went to pick up cash in a small boutique for my monthly expenses. It really depends on the city and country, this cash pick up service is not available everywhere.
I also used Azimo transfer to pay my rent while in Brazil. Big saver compared to any classic bank.
The mobile app review
Faster than the website you can download it on your smartphone and will receive notification at each step of your transfer. Tracking is made easy inside the app. Also, you will receive an email once the transfer has been received by the recipient.
The service background, can we trust them?
The headquarters are in London, United Kingdom. They are active since 2012 and regulated by the Financial Conduct Authority (FCA) and HMRC (Her Majesty’s Revenue and Customs).
As per FCA regulations, clients’ funds are held in segregated accounts and are therefore kept completely separate from Azimo’s own business accounts. This means that your money is safe should the company have any financial difficulties.
Moreover, they have excellent customer reviews on Trustpilot, with a 96% satisfaction rate among the 4800+ customers who have given their feedback.
It takes a few minutes to open an account
Cash pick up
Azimo vs Transferwise
Depending on the country the rate can be more attractive on one platform than the other. For instance, back to my experience in Argentina, the rate was so much better with Azimo than Transferwise. However in Brazil, I could pay my rent using Azimo (UK to BR account) but the other way is not possible at the moment, so the landlord use Transferwise to send me my deposit back.
I would say transfer speed is equal between both providers.