OFX vs Wise
A detailed head-to-head comparison of OFX and Wise based on our 100-point scoring system.
OFX
OFX International Money Transfer
85/100
Very Good4.3
8,420 reviews
Winner
Wise
Wise International Money Transfer
93/100
Excellent4.3
218,000 reviews
Side-by-Side Comparison
Metric
OFX
Wise
Overall Score
85/100
93/100
Price
$0.00
$0.00
Customer Rating
4.3/5
4.3/5
Review Count
8,420
218,000
Best For
Best for Large Transfers
Best Exchange Rates
About Page
Yes
Yes
Contact Info
Yes
Yes
OFX — Score Breakdown
Fees & Exchange Rates0/25
Transfer Speed16/20
Global Coverage14/15
Ease of Use8/15
Security & Regulation0/10
Customer Support5/10
Transparency0/5
Wise — Score Breakdown
Fees & Exchange Rates24/25
Transfer Speed18/20
Global Coverage14/15
Ease of Use14/15
Security & Regulation10/10
Customer Support8/10
Transparency5/5
Pros & Cons
OFX
No transfer fee above $1,000 makes OFX one of the lowest-cost options for large transfers where fee savings significantly exceed those offered by banks.
190-country coverage and $1,000,000+ transfer limits give OFX genuine enterprise capability suitable for business payments and property transactions.
Publicly listed company with multi-jurisdiction regulatory licenses, providing a transparency and compliance profile that exceeds most fintech competitors.
$15 flat fee on transfers under $1,000 makes OFX uncompetitive for small remittances where Wise or Remitly offer better per-transfer economics.
No cash pickup network means OFX is unsuitable when the recipient needs physical cash rather than a bank deposit.
Account verification can take 1–2 business days, which creates friction for first-time users who need an immediate transfer.
Wise
Industry-leading exchange rates with zero markup — the biggest single cost advantage over banks and most competitors.
Full fee transparency shown before confirmation, with a detailed breakdown of the transfer fee and exchange rate.
Highly rated app (4.7 on the App Store) and a clean web interface that makes setup and transfers genuinely quick.
No cash pickup option — transfers are bank-to-bank only, which excludes recipients without a bank account.
Fees on credit card-funded transfers can be notably higher (sometimes 3%+), so the cost advantage narrows if you pay by credit card.
Customer support is primarily chat and email; phone support is limited, which can be frustrating for time-sensitive issues.
Our Verdict
Wise comes out ahead with a score of 93/100 compared to 85/100. Wise is best for best exchange rates. However, OFX may be a better fit if you prioritize best for large transfers.
Transfer fees, exchange rates, and delivery times may vary based on destination, amount, and payment method. Always verify current rates and fees before initiating a transfer.