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Alternatives to OFX

Compare services like OFX that can help you send money overseas.

OFX (formerly Ozforex) offers transfers in over 55 different currencies, with a range of options such as recurring payments, limit orders and forward contracts that can help add convenience, give you predictable costs and find better rates.

If you want a versatile, feature-filled money transfer service with no maximum transfer limits, for business or personal use, OFX may be ideal. But it still has some limitations, and sometimes another service can bring better value for money.


  • No fees on transfers of $10,000 or more.
  • Available in around 200 countries and 50+ currencies
  • Offers scheduled and recurring transfers, limit orders and forward contracts
  • iOS and Android apps for mobile transfer and tracking
  • No maximum transfer limit


  • $150 minimum transfer
  • $15 fee on transfers under $10,000
  • Bank-to-bank transfer only — no cash payment or pickup
  • May not always have the best exchange rates available

If OFX isn’t offered in your country or you’re shopping around, compare it to the services below.

sites like OFX

Xe Money Transfer logo

1. Xe Money Transfer

Xe Money Transfer is similar to OFX as a service focused on cost-effectiveness and availability. Its available currencies are similar to OFX, with a reach including 40+ currencies. But unlike OFX, it doesn’t charge any fees on transfers of CAD $500 or more and instead makes it money from a margin added to the exchange rate. (A flat fee of $4 is charged on transfers under CAD $500.)


  • No transfer fees when you send CAD $500 or more
  • 40+ currencies available
  • High maximum transfer limits of $535,000
  • Offers limit orders and forward contracts


  • Bank-to-bank transfers only
  • Exchange rate comparison tool not available until after you’ve registered with the site
  • Rates may vary and aren’t always the most competitive option

2. TorFX

Both TorFX and OFX only offer bank-to-bank transfers with no transfer fees across a range of currencies. However, unlike OFX with its minimum transfers of $150, and transfer fees of up to $15, TorFX charges no transfer fees and has lower minimum transfer amounts.

Between its zero transfer fees and its best rate guarantee, TorFX can offer exceptionally competitive prices.


  • Multiple transfer options including spot contracts, forward contracts, limit orders and stop loss orders
  • No transfer fees
  • Offers a best rate guarantee
  • 60+ different currencies
  • Low minimum transfer amounts


  • Bank-to-bank transfers only
  • Rates may not always be competitive without the best rate guarantee

3. Wise

Wise is a transfer service that aims to deliver the best possible exchange rates. Specifically, it exchanges currency at mid-market rates, while applying a fee for transfers as a small percentage of the total plus a flat amount.


  • Mid-market exchange rates
  • Fast transfers of 0-2 days
  • Can pay with both bank transfers and cards
  • Apps for both iOS and Android


  • Fees grow with larger transfers
  • Only transfers to bank accounts — no cash pickup option
  • Bank transfers may be slower, while credit card payments are faster but more expensive
  • Narrower range of countries and currencies than OFX

WorldRemit Logo

4. WorldRemit

WorldRemit provides a variety of transfer options in more than 140 countries worldwide, including online, bank-to-bank and cash transfers. Unlike OFX’s flat fees, it has fees that vary by currency and a range of delivery options. OFX doesn’t allow for cash pick-up or home delivery, while WorldRemit offers both of these options.


  • Low minimum transfer amount of $0
  • Available in over 140 countries worldwide
  • Flexible payment and pick-up options, including debit or credit card, bank transfer, Android Pay and ApplePay, and mobile airtime transfer
  • Transfers to mobile wallet accounts in some countries
  • Cash pickup and home delivery available in some countries
  • Can offer instant money transfers


  • Maximum transfer amounts range from $5,000 to $50,000 depending on payment method
  • Fees can vary widely depending on the situation
  • Rates can vary widely and may not always be competitive

Western Union sites like

5. Western Union

Unlike OFX, which has no transfer fees at all, Western Union typically has high fees and weak exchange rates that can be 8% more than the mid-market rate. However, while OFX only allows bank-to-bank transfers, Western Union allows for multiple transfer options including paying with cash, card or bank transfer.


  • Low minimum transfer of $1
  • Almost instant transfers
  • 200+ countries and territories
  • Multiple transfer options including paying with cash or your debit card, credit card or bank account
  • Cash pick-up available
  • Long history of over 160 years


  • Weak exchange rates that can be around 6% more than the mid-market rate
  • High fees, whereas other companies offer free transfers or low-fee transfers
  • Low maximum transfer amount of $5,000

RIA Logo

6. Ria

Ria is one of the world’s largest money transfer networks with more than 316,000 agent locations in about 150 countries. Ria offers a wide range of payment options, including cash, debit card, credit card and bank account, whereas OFX only offers bank-to-bank transfers. Ria’s low minimums and maximums mark it as more geared towards smaller transfers than OFX.


  • Low minimum transfer amount of $1
  • Can pay with cash, debit card, credit card or bank account
  • Over 316,000 agent locations to pick up cash, in more than 140 countries
  • Cash pick-up and home delivery available in select countries
  • Near-instant transfers when paying in cash or card


  • Low maximums, depending on country
  • Rates and fees depend on amount, location and method of transfer
  • Does not offer forward contracts or limit orders
  • Bank account transfers can take several business days

moenygram logo

7. MoneyGram

MoneyGram is the second-largest international money transfer service in the world, serving over 200 countries and territories with more than 350,000 agent locations worldwide. MoneyGram offers cash payments and pick-ups, card payments and bank transfers. With comparatively low minimums and maximums, MoneyGram is more focused on smaller money transfers than OFX.


  • 350,000 agent locations in over 200 countries and territories
  • Large pool of services available for sending, receiving or financing
  • Fast transfers, with same-day service in many locations
  • Home delivery and cash pickup options
  • Low minimum transfer amount of $1


  • Maximum transfer amounts vary by location, but tend to be low
  • Fees vary depending on payment type and transfer destination
  • Local exchange rates vary by transfer destination

Still looking for other options?

Our table below lets you compare services you can use to send money abroad. Compare fees, exchange rates and discounts from different money transfer services, and when you have made your choice, click Go to site.
Alternatively, learn more about OFX in our review.
Name Product _compare_ Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer)
Wise (TransferWise)
24 hours
From 0.43%
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.
Xe Money Transfers
Within minutes
Xe has fast transfers with low fees and a range of foreign currency tools.
Within minutes
From $0
Use code HELLO to get $20 off on first two transfers on a min transfer of $250. Valid until November 30, 2023.
Instarem offers zero transfer fees on all transfers.
Within minutes
From $0
Send money in CAD to Africa on this blockchain and P2P powered provider.
Finder Award
Within minutes
From $0
Special offers like free transfers and better exchange rates available for new customers.
Remitly has quick, affordable transfers around the world, with both express and economy options.
Finder Award
Within minutes
From $4.99
For a limited time, get $0 fees on your first money transfer from Canada. Conditions apply.
MoneyGram has fast cash pick-up transfers to more than 350,000 agent locations worldwide.
Finder Award
24 hours
Exclusive offer: Discounted exchange rates for your first and ongoing transactions. $0 transfer fee.
OFX has no maximum limit transfers, with competitive exchange rates for 50+ currencies.

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