A solid pick for larger cross-border transfers where users want competitive FX and broad corridor coverage.
OFX (FX / money transfer, founded 1998 in AU) is built for businesses, expats, and international payers. This page covers the fee structure, country availability, and how it compares to the alternatives UK/CA/AU freelancers already use.
Quick Verdict
Best for: businesses, expats, and international payers
Tagline: Global money transfers for personal and business customers
Visit OFX →Key Facts
| Category | FX / money transfer |
| FX fee | variable |
| Free account | Yes |
| HQ | AU |
| Founded | 1998 |
| Website | ofx.com |
Who OFX Is For
A solid pick for larger cross-border transfers where users want competitive FX and broad corridor coverage. It's most relevant for businesses, expats, and international payers — and the FX/feature mix tends to suit users who already lean toward forex workflows rather than generic personal banking.
Fees & Pricing
OFX publishes its current pricing on ofx.com. The published FX figure is variable above the mid-market rate. Two caveats:
- Card spend vs receive vs send — most platforms publish a "headline" FX that only applies to one flow. Always cross-check the actual rate against a Wise/Revolut quote on the day you transact.
- Plan tier matters — free tiers usually carry the highest spread; paid plans often reduce it materially. The "is it cheaper than Wise?" answer almost always depends on which tier you're on.
Cross-check before you commit: Run a single test transaction in the corridor you actually use and compare the all-in landed amount against the same trade on Wise. Published rate cards rarely capture the full cost.
Country Availability
OFX is headquartered in AU. Availability for UK, Canada and Australia freelancers depends on which entity serves your country — confirm directly on ofx.com before signing up, since regulated payment platforms frequently change supported regions.
How OFX Compares
For UK / Canada / Australia freelancers, the practical comparison set is usually:
- Wise — still the FX-cost benchmark at 0.41%. Hard to beat for receive-and-convert.
- Payoneer — the default for Upwork and Fiverr withdrawals.
- Revolut Business — strong if you also want invoicing and team cards.
- OFX — see above.
If your work depends on Upwork/Fiverr withdrawal speed, Payoneer is likely still the simpler choice. If you bill clients directly and care about FX cost above all else, Wise usually wins. OFX fits when its specific forex feature set is the deciding factor — not when generic multi-currency is the only need.
How to Get Started
- Visit ofx.com and create an account.
- Complete identity verification (KYC) — typical for any regulated forex platform.
- Add funding source or connect to the platform you'll receive payments from.
- Run a small test transaction first to verify the all-in cost matches the published rate.
Frequently Asked Questions
What is OFX? OFX is a FX / money transfer platform. A solid pick for larger cross-border transfers where users want competitive FX and broad corridor coverage.
How much does OFX charge in FX fees? OFX charges variable on currency conversion based on its published pricing. Always cross-check the current rate card on ofx.com before relying on this — fintech pricing changes frequently.
Is OFX free to use? Yes — there's a free account tier.
Who is OFX best for? businesses, expats, and international payers
Is OFX a Wise alternative? OFX overlaps with parts of Wise's feature set, but freelancers in the UK, Canada and Australia should compare both side-by-side — Wise still leads on FX cost in most corridors (0.41%). The right pick depends on your client geography and whether you need a business account or a personal multi-currency wallet.
This review was last updated 2026-05-17. Fees and availability may change — always check OFX's website for the latest information.
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