Money Transfers review

OFX review

Name: OFX review
Item: OFX
Rating: 8.7
Author: ChoosyOwl

Best for large transfers

Bank-to-bank currency transfers for larger sums, with 24/7 human support. People moving larger sums abroad, such as savings, property money or tuition, who want to talk to a specialist. We rank it #4 of 8 in our money transfers comparison, with an editorial score of 8.7 out of 10.

Updated November 14, 2026By the ChoosyOwl editorial teamHow we rank

8.7/10

Our editorial score

OFX does well on Coverage, listing more than 50 currencies and more than 180 countries, and on Safety & licensing disclosures with its FinCEN registration and NMLS number stated. Its round-the-clock specialist support helps on Speed & tracking for big one-off payments. It scores lower on Delivery options because it pays to bank accounts only, and its margin is built into the rate.

How we score money transfers

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Money transfer disclosure.

We are not a money transmitter, bank or payment provider, and we do not send, hold or exchange money. Transfers are provided by the companies we review, under their own terms and licenses.

The total cost of an international transfer is the transfer fee plus any exchange-rate markup, which is the difference between the rate you are given and the mid-market rate. Some providers also charge different fees depending on how you pay, and a card issuer may treat a credit card payment as a cash advance. Check the exchange rate, the fees and the exact amount your recipient will receive, as shown by the provider, before you send.

Delivery times vary by provider, destination country, delivery method, payment method, identity checks and bank processing times, so an estimated arrival time is not a promise unless the provider states otherwise in its terms. Never send money to someone you have not met in person or to anyone who pressures you to pay quickly.

Quick facts

Our rank#4 of 8

Best forBest for large transfers

Ways to payFrom your bank account (check accepted methods)

Delivery optionsBank account

Exchange-rate approachMargin built into the exchange rate

Loan amounts (as published)US$150 minimum transfer in all major currencies

Facts checkedNovember 14, 2026

Details are general and can change. Check current plans, prices and terms on the OFX site. See the OFX company profile in our brand directory.

Overview

OFX is a foreign exchange and international payments company for individuals and businesses. It focuses on bank-to-bank transfers for things like property purchases, moving savings abroad, tuition and paying bills overseas, and its US personal page says it covers more than 50 currencies and more than 180 countries.

OFX's minimum transfer amount is US$150 in all major currencies, as published on OFX's site in November 2026; limits change, so check the current figure on OFX's site. Its pricing is built into the exchange rate it offers, so compare the amount your recipient will receive rather than the headline fee. OFX also offers rate alerts and, for businesses, forward contracts.

In the US, OFX says it is registered as a Money Service Business with FinCEN and regulated by state regulators. Its footer says USForex Inc. trades as OFX and is a licensed money transmitter, NMLS #1021624.

Pros and cons

Pros

Built for larger, planned transfers
Real people available around the clock
Clear US registration and licensing statements
Introductory rate for new personal customers (check the current offer)

Cons

No cash pickup or mobile wallet delivery
Has a minimum transfer amount
Margin is built into the rate, so compare the amount received

Key features

Bank-to-bank transfers in more than 50 currencies, per its site
24/7 support by phone or email
Rate alerts and historical rate charts
Recurring transfers
Business accounts and FX risk tools

Who OFX is for

A good fit if

People moving larger sums abroad, such as savings, property money or tuition, who want to talk to a specialist.

Look elsewhere if

Anyone sending small amounts or sending to a recipient who needs cash pickup.

How we scored OFX

Our money transfers score weighs cost transparency (30%), delivery options (20%), speed & tracking (15%), coverage (15%), safety & licensing disclosures (20%). See the methodology.

OFX alternatives

#1
Wise
Best overall
Online transfers at the mid-market rate with the fee shown separately, delivered to bank accounts.
- Converts at the mid-market rate with a separate fee (per Wise's pricing page)
- Pay by ACH, wire, or debit or credit card
- Delivery to local bank accounts; recipient needs no Wise account
- Multi-currency account and debit card for spending abroad
9.4/10
Editorial score
Visit site (Wise, opens in a new tab) Read review Compare
#2
Xe
Best for delivery choice
Long-running currency brand that sends to bank accounts, cash pickup points and mobile wallets.
- Bank deposit, cash pickup and mobile wallet delivery
- Pay by ACH, debit card, credit card or wire
- Mid-market reference rate shown in its converter
- Rate alerts and a currency converter app
9.1/10
Editorial score
Visit site (Xe, opens in a new tab) Read review Compare
#3
Remitly
Best for sending to family
App-first remittance service with bank, mobile wallet and cash pickup delivery and an on-time promise.
- Delivery to bank accounts, mobile wallets and cash pickup
- On-time delivery promise with a fee refund if late (check terms)
- Transfer tracking in the app
- Sends to more than 175 countries, per its site
9.0/10
Editorial score
Visit site (Remitly, opens in a new tab) Read review Compare

See all 8 money transfer services compared

OFX FAQ

Is there a minimum transfer with OFX?

Yes. OFX's US FAQ says its minimum transfer amount is US$150 in all major currencies, as published on OFX's site in November 2026. Check the current figure on OFX's site.

How does OFX charge for transfers?

Most of OFX's pricing is in the exchange rate it offers, and a fee may apply depending on the transfer. Compare the amount your recipient will receive in the quote.

Is OFX regulated in the US?

OFX says it is registered with FinCEN as a Money Service Business and regulated by state regulators. Its footer lists NMLS #1021624 for USForex Inc., trading as OFX.

Sources and fact check

We checked the facts on this page against OFX's own website on November 14, 2026. Published ranges are quoted as shown on the provider's site on November 14, 2026; they change, so check the current figures before you apply.