Is OFX good for large international transfers?

Name: OFX
Item: OFX
Rating: 4.5
Author: Our Man Overseas

OFX is one of the best options for large international transfers. It charges no transfer fees, offers competitive exchange rates that improve at higher amounts, and provides 24/7 access to currency specialists who can discuss timing and market rates. Minimum transfer is $1,000 USD equivalent. For amounts above £5,000-10,000, OFX often beats Wise on overall cost due to its tighter margins on larger volumes. Source: ofx.com

ℹ️Exchange rates and fees change daily. Always verify current rates on provider websites before transferring. We earn commissions on referrals — labelled AD. Full disclosure →

Home → Money → OFX Review 2026 — Is It the Best for Large Expat Transfers?

OFX Review

No transfer fees, competitive rates and 24/7 phone dealing. Independent assessment for expats sending large amounts internationally.

💱

Live transfer calculator

Indicative · updates every 60 seconds · verify on wise.com before transferring

You send

→

Recipient gets (approx.)

—

Transfer with Wise (AD) Compare all providers →

Indicative rate only. Wise adds a small fee (typically 0.35–0.5% on GBP). Always confirm the exact amount on wise.com before transferring. We earn a commission if you use this link — labelled AD above.

Source: OFX (ofx.com) — rates and fees from ofx.com. Verify current rates before transferring. · Rates and fees change daily. Verify before transferring.

Transfer fees	None — OFX charges no transfer fees on any amount
Exchange rate margin	Built into the rate — competitive, especially on larger amounts. Better than most banks.
Minimum transfer	$1,000 USD equivalent (or local currency equivalent)
Currencies supported	55+ currencies
Speed	Same-day to 2 business days depending on currency pair
Phone dealing	Yes — 24/7 access to currency specialists to discuss market timing
Forward contracts	Yes — lock in a rate for future transfers. Useful for expats with regular transfers.
24/7 support	Yes — phone and online

OFX vs Wise — which is better?

For transfers under £1,000–2,000: Wise is usually better. Wise uses the mid-market rate with a transparent fee, and on smaller amounts its fixed + percentage fee structure is competitive. OFX's minimum transfer amount means it's not an option for very small transfers anyway.

For transfers above £5,000: OFX is often competitive with or better than Wise. No fees and improving margins at larger amounts mean the all-in cost can be lower. The 24/7 phone access to dealers is also valuable when timing larger transfers around exchange rate movements.

Always compare both on the day you want to transfer — rates change constantly.

✓ Best for

✓ Large transfers (£5,000+)
✓ Regular expat salary transfers
✓ Pension income transfers
✓ Forward contracts to lock in rates
✓ 24/7 phone support users

✗ Not ideal for

✗ Small amounts (under £1,000 — below minimum)
✗ Instant transfers needed
✗ Multiple small regular payments

Transfer with OFX → (AD) Compare all providers ←

📬

The Expat Briefing

Rate changes, fee updates and what matters this month. Monthly. No spam.