Fixed fee
OFX charges no fixed transfer fee at all for bank-funded transfers.
OFX calculator
OFX fees calculator
OFX is built for larger transfers and regular overseas payments: zero transfer fees, with the cost carried by a small rate margin.
Send money with OFX — compare against 14 services
Live mid-market ratesEnter the details below and tick the services you want — the ranking refreshes on its own.
About the figures: exchange rates are mid-market rates pulled from free public APIs and refreshed about every 30 minutes. Fees and margins come from each provider's published pricing and are comparison estimates — always confirm the live price with the provider before you send.
Fee breakdown
How OFX charges you
Every OFX transfer has four cost components. Here is exactly what each one means.
Percentage fee
There is no percentage fee either — the cost lives entirely in the exchange rate (card funding adds 1.5%).
Exchange rate offered
OFX deals in the wholesale market and passes a rate close to interbank, plus its own margin.
Markup vs mid-market
A margin of about 0.55% is added to the mid-market rate, which stays cheap on large amounts.
Why people choose OFX
- No transfer fee
- Good rates on large amounts
- Personal dealer support
What to watch out for
- Cost is hidden inside the rate
- Slower than instant providers
FAQ
OFX fees — common questions
How much does OFX charge to send money?
OFX charges a fixed fee of 0 plus 0% of the amount on bank-funded transfers (figures from our editable fee config). Debit and credit-card funding are priced in the calculator above.
Does OFX add an exchange-rate markup?
Yes. OFX applies a markup of 0.55% on bank transfers, 0.55% on debit cards and 0.55% on credit cards over the mid-market rate. The calculator shows both the offered rate and the difference from mid-market in your send currency.
How long do OFX transfers take?
1–2 business days. Delivery also depends on the destination country, the payout method and when you start the transfer.
What payment methods can I use with OFX?
The calculator compares bank transfer, debit card and credit card funding. Card payments almost always cost more, which is why the ranking can change when you switch methods.
How is the total cost of a transfer calculated?
Total cost combines two things: the fees charged by the provider (fixed fee + percentage fee) and the exchange-rate markup over the mid-market rate. The calculator adds both and expresses the result in the send currency, then shows exactly how much the recipient receives.
What is the mid-market rate?
The mid-market rate (also called the interbank rate) is the midpoint between the buy and sell prices of two currencies on the global market. It is the rate you see on Google or Reuters before any bank or provider adds a margin.
Compare OFX with other providers
See how OFX stacks up against Wise, Revolut, Western Union and the rest — or open another calculator below.
Wise fees calculator
True mid-market rate with one transparent, upfront fee.
Open calculator →Remitly fees calculator
Fixed transfer fees with express delivery in minutes.
Open calculator →Western Union fees calculator
Huge global agent network for cash pickup and delivery.
Open calculator →MoneyGram fees calculator
Competitive cash pickup with frequent online fee discounts.
Open calculator →Revolut fees calculator
App-based transfers at interbank rates on weekdays.
Open calculator →Xoom fees calculator
PayPal-owned service for bank deposit, cash pickup and delivery.
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