WorldRemit vs OFX

We compare WorldRemit against OFX for international money transfers.

WorldRemit vs OFX Review

Key Points

  • WorldRemit is cheaper for transfers under $10,000 and OFX is cheaper for transfers over $10,000.
  • WorldRemit offers more transfer methods and sends to over 60+ countries than OFX.
  • OFX offers a wider range of business services.
  • Overall they tie for fees, exchange rates, speed, trust and customer support.

WorldRemit: 15 / 20 OFX: 15 / 20

Both OFX and WorldRemit are trustworthy, reliable money transfer companies with good customer service and phone apps to send money overseas, so how do you choose? It depends on these factors:

  1. Fees
  2. Exchange rates
  3. Speed of transfer
  4. Transfer methods - ways to pay and receive
  5. Where you are sending money
  6. Additional transfer services
  7. Trust and customer support


WorldRemit vs OFX for fees and exchange rates

WorldRemit and OFX Win

WorldRemit vs OFX: Fee Comparison

Both OFX and WorldRemit have different fees. OFX charges a flat fee of $15 for transfers under $10,000 outside the United States and the United Kingdom. WorldRemit charges fees for how the money is sent (bank transfer, debit card, for cash pickup) in each country.

WorldRemit bank transfers can be as cheap as 0.99 per transfer in Africa and parts of Asia. In the main they generally charge $2.99 - $5.99 per bank transfer. Sometimes in countries like the UAE and Sri Lanka this can go up to $20 per bank transfer but those fees are not the norm.

WorldRemit cash pick up and mobile wallets transfer fees are generally between $0.99 - $4.99. Airtime top ups and bill pay is free. Alipay in China starts from $2.99 per transfer. Door to door delivery in Vietnam starts from $2.99 per transfer.


Exchange rates

WorldRemit vs OFX for fees and exchange rates

WorldRemit and OFX Win

OFX offers an exchange rate that is higher than the mid market rate. It can be between 0.25% - 5.00% above the rate you in Google or Bing. The more money you send with OFX the better the exchange rate margin offered.

WorldRemit offers an exchange rate that is higher than the mid market rate 0.50% - 5.00%. To put these into perspective, the bank's currency exchange rate starts from around 6% above the mid market rate.

For making a currency exchange between major currencies (USD, EUR, JPY, GBP, AUD, CAD, CHF & HKD) OFX often provides a better exchange rate. For making a currency exchange between less traded currencies (MXN, PHP and African currencies), WorldRemit often provides a better exchange rate.

WorldRemit vs OFX Exchange Comparison

Speed of transfer

WorldRemit vs Western Union for fees and exchange rates

WorldRemit and OFX Win

WorldRemit vs OFX Speed Comparison

While both OFX and WorldRemit offer services that send money within 10 minutes to 3 days, only WorldRemit offers instant international money transfers.

WorldRemit offers to send money instantly through cash pickup, mobile wallet and airtime top up. Cash pickups are available in over 70 countries, mobile wallets are available in over 20 countries and airtime top ups are available in over 80 countries.

Same day or within 1 working day delivery are offered by both OFX and WorldRemit. Once OFX has received the funds from you, it can take 1 day to send money to the UK, Australia, New Zealand and Singapore. WorldRemit offers same day or within 1 working day deliveries for bank transfers for some countries like the UK, France and Italy.

Deliveries between 1 to 4 days are offered by both OFX and WorldRemit. Once OFX has received the funds from you, it can take between 1 to 4 days to send money to Europe, Canada, Hong Kong, India, Japan and Thailand. WorldRemit offers deliveries between 1 to 3 days for bank transfers to some countries like Australia, Germany and Canada.


Transfer methods

WorldRemit vs OFX for Ways to Pay or Receive Money

WorldRemit Wins

Ways to receive

WorldRemit transfers to bank accounts, mobile wallets, cash pick ups, Airtime top ups, Bill pay, Alipay and door to door delivery.

OFX currently only transfers money to bank accounts.


WorldRemit will accept bank transfers, debit cards, credit card, prepaid card, Poli, Interac, iDEAL, Klarna, Apple Pay and Trustly. Payment methods will vary by country.

OFX will accept bank transfers or can arrange direct debit for international payments. They do not accept cash or cheques.



WorldRemit vs OFX: Ways to receive and pay comparison

Where can I send money

WorldRemit vs OFX - Comparison of countries they send money to

WorldRemit Wins

WorldRemit delivers money to over 130 countries with good coverage in Europe, the Americas, Africa, Asia, Oceania and the Middle East. To read the full list of countries WorldRemit transfer money to read our WorldRemit review.

OFX delivers money in 50+ currencies with good coverage in the Americas, Europe, Asia and Oceania. In the Middle East, Africa and parts of the Americas only the highly populated countries are available. To read the full list of countries OFX transfer money to read our OFX review.

OFX and WorldRemit send to 60+ of the same countries and there are 80+ countries or currencies that only OFX or WorldRemit send money.

Additional transfer services

WorldRemit vs OFX for additional services

OFX Wins

WorldRemit vs OFX: Additional Services Comparison

OFX offers business a range of services. This includes paying overseas suppliers, individual employees or up to 500 employees, risk management with forward contracts and limit orders. OFX helps businesses save money on sending money overseas with low conversion fees, fast and secure. In addition it offers API platform integration and a dedicated account manager.

They also have a multi currency account for business and online sellers with no monthly fees. You are able to hold, receive and send USD, EUR, GBP, HKD, AUD and CAD from the one account.

WorldRemit gives you access to WorldRemit digital multi currency wallet. It costs nothing to receive money from overseas and to receive funds almost instantly. It's a safe, secure and convenient way to receive money from your cell phone. It is available in over 50 countries including Ghana, Uganda and the Philippines.


Trust and customer support

WorldRemit vs OFX for trust and safety

WorldRemit and OFX Win

OFX have more than a million customers around the world and they’re regulated in more than 50 countries. In the UK, they’re registered with the Financial Conduct Authority (FCA), meaning that they must follow strict rules and regulations. 89% of TrustPilot reviewers describe OFX as “Excellent” or “Great”. They have an average score of 4.3 / 5 out of with over 3,500 reviews.

OFX offers excellent customer service with a dedicated account manager over the phone. Reviewers on TrustPilot often praise OFX's phone customer support.

WorldRemit is legitimate and safe. It is fully regulated in the UK by the Financial Conduct Authority (FCA), which means they have to meet strong rules and regulations. It has served over 2 million customers last year alone. In addition WorldRemit has one of the highest overall review scores on Trustpilot, earning 4.5 out of 5 after 40,000+ reviews. To find out more read our full WorldRemit review.

WorldRemit is available for support or questions via an email form which they aim to respond within 48 hours, live chat or on the phone.

WorldRemit vs OFX: Trust and Customer Support Comparison


WorldRemit vs OFX for overall winners

WorldRemit and OFX Win

WorldRemit vs OFX: Final summary, both are winners

WorldRemit was established 10 years ago and allows you to send over 50 currencies to over 130 countries. OFX has transferred over $100 billion over the past 20 years and allows you to transfer money in more than 50 currencies.

Overall WorldRemit and OFX tie for international money transfers.

Both WorldRemit and OFX are excellent choices to transfer money overseas and tie for speed, trust and customer support. While WorldRemit fees are lower for transfers under $10,000, OFX eliminates all fees for transfers over $10,000.

WorldRemit's strength is that they offer more transfer methods and send to 60+ countries than OFX. In contrast OFX offer a wide range of business services, that WorldRemit does not offer.

Both WorldRemit and OFX are safe and trustworthy companies to send money overseas.

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By Arlene Mc Donnell Updated April 9th, 2021