What exactly is Azimo?
Azimo is a London-based overseas money transfer service with headquarters in Krakow, Poland. This online company was founded in October 2012 and since then offers international money transfer services in more than 190 countries and 80 different currencies.
Azimo offers you an online money transfer system in different currencies for what suits you best, either for having to pay your relatives in other countries, advancing money to contract trips, investing money outside the borders of your country and everything you can imagine that you need for multi-currency international payments.
Making a transfer with the Azimo platform can cost you 90% less than in banks. In Azimo there is no fixed fee, but it will always depend on the currency and the amount to send.
When creating your Azimo account you will not have to pay anything. They also do not charge commissions for account maintenance. However, Azimo charges a series of reduced commissions.
Commissions
Transfers: once you make your first 2 free transfers with Azimo, a small fee will be applied to your money transfer. This fee depends on the amount of money you enter and starts at £ 1.
Exchange rate: Azimo uses a very competitive exchange rate compared to traditional competitive banks. In addition, they keep it for the time it takes you to make the transfer so that there are no changes in the money the recipient receives.
Other costs: if you are going to use a credit card to carry out the money transaction with Azimo, an additional fixed cost of 2.99% will be added. If you do it from your bank account, forget about this fee, Azimo will not make additional charges.
Payment methods
If you use telematic payment methods such as Paypal or Skrill, you will not be able to formalize your payments in Azimo. The payment methods accepted by Azimo are: Visa, Master Card and Maestro card transfers and bank transfers.
Please log on to https://azimo.com/ for further reference.