Remitly vs OFX
A detailed head-to-head comparison of Remitly and OFX based on our 100-point scoring system.
Winner
Remitly
Remitly International Money Transfer
88/100
Very Good4.5
47,000 reviews
OFX
OFX International Money Transfer
85/100
Very Good4.3
8,420 reviews
Side-by-Side Comparison
Metric
Remitly
OFX
Overall Score
88/100
85/100
Price
$0.00
$0.00
Customer Rating
4.5/5
4.3/5
Review Count
47,000
8,420
Best For
Best for Developing Market Transfers
Best for Large Transfers
About Page
Yes
Yes
Contact Info
Yes
Yes
Remitly — Score Breakdown
Fees & Exchange Rates20/25
Transfer Speed19/20
Global Coverage14/15
Ease of Use14/15
Security & Regulation9/10
Customer Support8/10
Transparency4/5
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
Pros & Cons
Remitly
Highly competitive rates on major remittance corridors like US-to-Philippines, US-to-India, and US-to-Mexico.
Cash pickup and mobile wallet delivery options that reach recipients without traditional bank accounts.
Delivery guarantee with automatic fee refund if the transfer does not arrive on time.
Exchange rate margins on less popular corridors can be 2%–3% above the mid-market rate, adding hidden cost to the total.
Daily transfer limits of $10,000 (standard accounts) make it less suitable for large or business transfers.
Fee and rate transparency is good within the app but less clear on the website, requiring extra steps to see the full cost.
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.
Our Verdict
Remitly comes out ahead with a score of 88/100 compared to 85/100. Remitly is best for best for developing market transfers. 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.