Is Wise (TransferWise) or OFX cheaper?

OFX is cheaper on most of the corridors tested (3–2), but results vary by route and amount. Use the FX Skipper live comparator for your specific transfer.

What is the FX margin of Wise (TransferWise) vs OFX?

Wise (TransferWise) charges an FX margin of 0% above the mid-market rate. OFX charges 1%. The lower the margin, the more your recipient receives.

Wise (TransferWise) vs OFX — Which is cheaper in 2026?

Which is better for large international transfers?

💡 Affiliate disclosure: Links to providers may be affiliate links. Rankings are always by net amount received, never by commission.

Wise (TransferWise)

FX margin 0% 1%

Flat fee $1.00 None

Transfer fee 0.65% None

Speed Instant – 2 days 1 – 2 days

Rating 4.8/5 4.3/5

Visit Wise (TransferWise) ↗

OFX

Best for large transfers. No transaction fees and tighter margins above $10,000.

Visit OFX ↗

Head-to-head: recipient gets on 1000 USD equivalent

Corridor	Wise (TransferWise)	OFX	Winner & saving
🇺🇸 USD → 🇮🇳 INR	₹94,722.58	₹94,978.66	OFX +₹256.09
🇺🇸 USD → 🇵🇭 PHP	₱60,851.17	₱61,121.50	OFX +₱270.33
🇬🇧 GBP → 🇮🇳 INR	₹126,643.73	₹126,317.03	Wise (TransferWise) +₹326.70
🇪🇺 EUR → 🇵🇱 PLN	zł4,291.10	zł4,279.74	Wise (TransferWise) +zł11.36
🇦🇪 AED → 🇵🇰 PKR	₨74,643	₨74,903	OFX +₨260

Green = higher net amount. Based on sending 1000 USD equivalent as of 2026-07-28. Check live rates →

🏆 Verdict: OFX wins 3–2 on these corridors

OFX delivers more to the recipient on most corridors tested, primarily because its FX margin (1%) is lower than Wise (TransferWise)'s (0%). However, results depend on corridor, amount and delivery method. Use the live comparator for your specific transfer.