OFX alternatives
Compare the best OFX alternatives for Australians.
Written by
Bill Ryan Natividad
|
Verified by
David Boyd
Updated 18 Nov 2024
|
Rates updated regularly
Comparing of 9 OFX alternatives
On website
Minimum Transfer Amount
$1.00
Transfer Speed
1 - 2 days
Transfer Fee
$0.00
Highlights
- A pioneering borderless account with support for 50+ currencies. Buy like a local with a Wise debit card.
- Transfer funds from Australia with mid-market rates and no hidden fees.
- Funds arrive with the recipient within 1 - 2 days or less if it's a popular currency pair.
Pros
Cons
On website
Minimum Transfer Amount
$250.00
Transfer Speed
1 day
Transfer Fee
$0.00
Highlights
- Based in Queensland. Aussie-owned and operated.
- Supports money transfers in 37 currencies. 24/7 availability.
- Available for personal and business users. Businesses get a dedicated account manager.
Pros
Cons
On website
Minimum Transfer Amount
$1.00
Transfer Speed
1 day
Transfer Fee
$0.00
Highlights
- Aussie-owned and operated. Head office located in Melbourne.
- Charges a low margin on the interbank rate with no hidden fees.
- International transfers are only one of the many features offered for business customers.
Pros
Cons
On website
Minimum Transfer Amount
$10.00
Transfer Speed
Within an hour
Transfer Fee
$4.00
Highlights
- Money can be delivered to the recipient's bank account, address, mobile phone, or picked up from a location convenient to them.
- Remitly is fast, with funds typically being delivered within minutes.
- Offers competitive currency exchange rates and a clear schedule of fees.
Pros
Cons
On website
Minimum Transfer Amount
$200.00
Transfer Speed
1 day
Transfer Fee
$0.00
Highlights
- Set market alerts and buy currency at the desired rate in the future.
- Low-fee recurring transfers make it easy to pay overseas mortgages, loans, etc.
- Every customer — personal and business — gets a dedicated account manager.
Pros
Cons
On website
Minimum Transfer Amount
$1.00
Transfer Speed
Within an hour
Transfer Fee
$0.00
Highlights
- Supports money transfers in 27+ currencies from Australia.
- No fees when transferring money to a Revolut friend.
- Have the option to buy crypto and send it to a recipient's wallet.
Pros
Cons
Minimum Transfer Amount
$1.00
Transfer Speed
Within an hour
Transfer Fee
$1.00
Highlights
- Low transfer fees, mostly in the range of $1 to $4 per transaction.
- Flexible fund methods, including bank transfers, POLi, debit cards, credit cards, prepaid cards, Apple Pay, or Google Pay.
- Delivery options vary depending on destination. Cash can be picked up by the recipient, or delivered to their bank account or mobile phone.
Pros
Cons
On website
Minimum Transfer Amount
$0.00
Transfer Speed
Real-time
Transfer Fee
$0.00
Highlights
- Send money in 130+ currencies to 220+ countries.
- Deposit funds to your Xe account with a bank transfer, credit card, or debit card.
- Relatively simple money transfer service that gets the job done.
Pros
Cons
Minimum Transfer Amount
$1.00
Transfer Speed
Real-time
Transfer Fee
$0.00
Highlights
- Popular option for sending money to someone with no bank account.
- Recipients can collect cash from one of WU's agents. Locations worldwide.
- Low minimum money transfer amount.
