What OFX has shown on monitored routes
A win requires a completed, non-promotional quote at the same sending amount. Converter rates and modelled bank prices remain useful evidence, though neither is allowed to wear the winner's badge.
Where OFX makes sense
- Best for
- Larger personal transfers, business payments and customers who want dealer support.
- Less suitable for
- Small transfers and readers who need a complete anonymous public quote.
- Where the rate cost sits
- OFX provides a customer rate with a margin against the wholesale rate. Pricing can improve with amount and relationship.
- What the fee tells you
- OFX states that UK transfers carry no OFX transfer fee, although third-party banks may deduct charges.
- Delivery
- Common currencies can settle in one or two business days after funds are received; less common routes take longer.
- Access
- Online and telephone-supported personal and business transfers.
How OFX's quote can flatter or disappoint
OFX resembles a digital currency broker more than a small-remittance app. The service is built for bank transfers, larger amounts and businesses that may need to discuss execution. That makes it relevant to property purchases and supplier payments even when it is not the cheapest £200 option.
The phrase no transfer fee needs translating. OFX still earns through the customer exchange rate, and a third-party bank may deduct money on some routes. The useful number is the final foreign-currency amount for the exact payment size.
Public comparison is harder because a transferable customer rate normally requires registration. We do not substitute a marketing or interbank rate. A serious large-transfer comparison should obtain an OFX quote, then place it beside Xe, CurrencyFair, Wise and any broker quote at the same time.
Where it works well
- Strong support for larger and business payments
- No OFX transfer fee for UK customers
- Dealer assistance and risk-management products
Where the value thins out
- Customer rate usually requires registration
- Not aimed at cash pickup
- A no-fee message does not remove the FX margin
The latest OFX figures we can reproduce
Each row is the newest record for that route. The receipt shows the provider screen or calculation behind it, including the time we saw it.
| Route | Sent | Visible fee | Amount delivered | Against the best completed quote | Receipt |
|---|---|---|---|---|---|
| Australia → United Statesbank transfer · bank deposit | A$1,500.00 | A$15.00 | US$1,027.92Rate 0.6922 | Calculator evidence | Open receipt31 Jul 2026, 08:13 UTC |
| Australia → New Zealandbank transfer · bank deposit | A$1,500.00 | A$15.00 | NZ$1,748.26Rate 1.177277 | Calculator evidence | Open receipt31 Jul 2026, 08:12 UTC |
| Australia → United Kingdombank transfer · bank deposit | A$1,500.00 | A$15.00 | £764.68Rate 0.514934 | Calculator evidence | Open receipt31 Jul 2026, 08:11 UTC |
| United States → United Kingdombank transfer · bank deposit | US$1,000.00 | US$5.00 | £726.15Rate 0.7298 | Calculator evidence | Open receipt31 Jul 2026, 07:42 UTC |
| United States → Euro areabank transfer · bank deposit | US$1,000.00 | US$5.00 | €847.40Rate 0.851655 | Calculator evidence | Open receipt31 Jul 2026, 07:42 UTC |
| United States → Canadabank transfer · bank deposit | US$1,000.00 | US$5.00 | CA$1,367.52Rate 1.37439 | Calculator evidence | Open receipt31 Jul 2026, 07:41 UTC |
| United States → Australiabank transfer · bank deposit | US$1,000.00 | US$5.00 | A$1,388.63Rate 1.395604 | Calculator evidence | Open receipt31 Jul 2026, 07:41 UTC |
| Singapore → United Kingdombank transfer · bank deposit | SGD 1,280.00 | SGD 15.00 | £721.35Rate 0.570239 | Calculator evidence | Open receipt31 Jul 2026, 07:38 UTC |
| New Zealand → United Kingdombank transfer · bank deposit | NZ$1,650.00 | NZ$12.00 | £703.40Rate 0.429425 | Calculator evidence | Open receipt31 Jul 2026, 07:33 UTC |
| New Zealand → Australiabank transfer · bank deposit | NZ$1,650.00 | NZ$12.00 | A$1,345.56Rate 0.821463 | Calculator evidence | Open receipt31 Jul 2026, 07:32 UTC |
| Euro area → United Statesbank transfer · bank deposit | €850.00 | €10.00 | US$950.75Rate 1.131849 | Calculator evidence | Open receipt31 Jul 2026, 07:31 UTC |
| France → United Kingdombank transfer · bank deposit | €850.00 | €10.00 | £706.61Rate 0.841203 | Calculator evidence | Open receipt31 Jul 2026, 07:29 UTC |
| Germany → United Kingdombank transfer · bank deposit | €850.00 | €10.00 | £706.61Rate 0.841203 | Calculator evidence | Open receipt31 Jul 2026, 07:29 UTC |
| Ireland → United Kingdombank transfer · bank deposit | €850.00 | €10.00 | £706.61Rate 0.841203 | Calculator evidence | Open receipt31 Jul 2026, 07:29 UTC |
| Italy → United Kingdombank transfer · bank deposit | €850.00 | €10.00 | £706.61Rate 0.841203 | Calculator evidence | Open receipt31 Jul 2026, 07:29 UTC |
| Netherlands → United Kingdombank transfer · bank deposit | €850.00 | €10.00 | £706.61Rate 0.841203 | Calculator evidence | Open receipt31 Jul 2026, 07:29 UTC |
| Portugal → United Kingdombank transfer · bank deposit | €850.00 | €10.00 | £706.61Rate 0.841203 | Calculator evidence | Open receipt31 Jul 2026, 07:29 UTC |
| Spain → United Kingdombank transfer · bank deposit | €850.00 | €10.00 | £706.61Rate 0.841203 | Calculator evidence | Open receipt31 Jul 2026, 07:29 UTC |
What to price beside OFX
Xe has the reach and support to handle far more than a routine £200 payment. Its public converter is useful, though it is not the rate a customer can necessarily book, a distinction the glossy chart leaves rather quiet.
Read the Xe rate review →CurrencyFair is a credible bank-transfer specialist that publishes a typical exchange margin, which is more candour than most brokers manage. The flat transfer-out fee still needs adding to the rate cost.
Read the CurrencyFair rate review →Wise remains the cleanest yardstick for an ordinary bank transfer. It uses the mid-market rate and places its charge in view, so there is less detective work between the advertised rate and the amount delivered.
Read the Wise rate review →OFX's own pricing documents
These pages describe the published terms. The corridor table is gathered separately, so a provider's explanation never substitutes for the quote it gives us.