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OFX Review 2026 — Fees, Rates & Exchange Rate Margins

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

1%
FX margin
Free
Flat fee
Transfer fee
★★★★☆
Rating 4.3/5
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Pros

  • ✅ No transaction fee
  • ✅ Great for large amounts
  • ✅ 24/7 support
  • ✅ Forward contracts

Cons

  • ❌ No cash pickup
  • ❌ Minimum transfer amounts apply

OFX performance on key corridors

Based on sending 1000 USD equivalent. Figures are indicative — check live rates before sending.

CorridorRateRecipient getsTotal costRanking
🇺🇸 USD → 🇮🇳 INR 94.9787 ₹94,978.66 1.00% #6 of 14
🇺🇸 USD → 🇵🇭 PHP 61.1215 ₱61,121.50 1.00% #6 of 14
🇬🇧 GBP → 🇮🇳 INR 126.32 ₹126,317.03 1.00% #7 of 14
🇦🇪 AED → 🇵🇰 PKR 74.9028 ₨74,903 1.00% #4 of 14
🇪🇺 EUR → 🇵🇱 PLN 4.2797 zł4,279.74 1.00% #7 of 14

OFX fee breakdown

OFX has a no flat fee per transfer, no percentage transfer fee, and an FX margin of 1% above the mid-market rate. Best for large transfers. No transaction fees and tighter margins above $10,000.

Transfer speed: 1 – 2 days. The total cost is competitive across most corridors at typical transfer amounts.

Compare OFX vs others

Frequently asked questions

Is OFX safe and legitimate?

OFX is an established international money transfer service licensed and regulated in multiple jurisdictions. As with any financial service, always verify the provider holds a valid licence in your country before using it.

How much does OFX charge?

OFX charges no flat fee, no transfer percentage fee, and an FX margin of 1% above the mid-market rate. Total cost varies by corridor and amount.

How fast is OFX?

OFX typically delivers in 1 – 2 days, depending on the corridor, delivery method and time of day.

How does OFX compare to Wise?

Both are online money transfer services, but they differ in fee model and corridor coverage. Use the live comparator on FX Skipper to see a side-by-side net amount comparison for your specific route and amount.