Independent review · Updated 22 July 2026

OFX review

OFX is aimed more at larger personal and business transfers than frequent small remittances. It is worth comparing when the transfer meets its route minimum and you value phone support or currency tools, but small transfers may not be eligible.

Historical observations3802026-07-21 to 2026-08-28
Current quoted routes7Provider-owned quotes only
Ways to pay seen1Bank
Ways to receive seen1Bank
The quick verdict

OFX pros and cons

Where it stands out

  • Large-transfer focus
  • Personal and business services
  • Dealer support
  • Limit orders and currency tools in eligible markets

What to check carefully

  • Minimum transfer amounts can apply
  • Not designed around cash or mobile-wallet payout
  • Rates differ from the public converter
  • Current BestSendRate history has a limited eligible route subset
Using OFX

How to send money with OFX

The exact screen names can change, but a consumer transfer normally follows this flow.

  1. 01

    Create an account and complete the identity checks shown for your country.

  2. 02

    Choose the destination, amount and the way your recipient will receive the money.

  3. 03

    Add the recipient details exactly as they appear on their bank, wallet or ID.

  4. 04

    Choose how to pay and compare the fee, rate, total cost and delivery estimate.

  5. 05

    Review every detail, confirm the transfer and track it from your account.

Cost

OFX fees and exchange rates

The customer exchange rate includes an OFX margin; a separate fee and third-party bank costs can apply by region and amount.

Compare the final amount received for the same send amount and payout method. A low or zero separate fee does not automatically mean the strongest overall value, and a visible fee does not automatically make a transfer expensive.

Confirm the provider's own checkout because rates can change after BestSendRate records a quote.

How you may be able to pay

  • Bank transfer

How the recipient may be paid

  • Recipient bank account
Verified availability

Where can you use OFX?

OFX promotes bank transfers across a wide global network and many currencies. Eligibility depends on account country, currency and minimum amount.

Explore every recorded OFX observation →

Safety and regulation

Is OFX legitimate?

OFX Group is publicly listed in Australia and operates through regulated regional entities. Read the disclosure documents for the entity serving you.

Use only the official app or website, enable the account security options offered and never send money for someone you do not know.

Tracking and help

What happens after sending?

OFX offers online tracking and phone support. Large or planned transfers can also involve a dealer.

Check recipient details before confirming. Once money reaches a bank, wallet or cash agent, recovery may not be possible.

Primary sources used

Provider-owned help, legal and country pages checked 22 July 2026. Live route counts come from BestSendRate's recorded provider quotes.

Common questions

OFX review FAQs

Is OFX the cheapest way to send money?

Not on every route or amount. Compare the final recipient amount for your exact transfer and confirm the checkout quote.

Does OFX charge a fee?

The customer exchange rate includes an OFX margin; a separate fee and third-party bank costs can apply by region and amount.

How can the recipient get the money?

Recipient bank account. Availability depends on the route.

Are BestSendRate quotes guaranteed?

No. We show when recorded data was checked; the provider's confirmation screen is the final price and availability check.