OFX
large-transfers · US, GB, AU, CA, NZ, EU, HK, SGOFX (formerly TorFX in some markets, part of Corpay) is an international money transfer platform specializing in larger transfers of $1,000 USD or more. With no fixed transfer fees on most transactions, OFX is significantly cheaper than competitors charging flat fees when sending large amounts — the exchange rate margin of 0.4%–1.5% above mid-market improves further for transfers of $10,000+. OFX supports 50+ currencies and reaches 170+ countries, with 24/7 customer support staffed by human dealers who can negotiate rates for very large transfers. Forward contracts and rate alerts help businesses manage currency risk, making OFX a strong choice for SMBs making regular international payments. The platform is available in the US, UK, Australia, Canada, New Zealand, EU, Hong Kong, and Singapore. OFX is not suitable for small transfers under $1,000 due to the minimum requirement.
What does OFX cost and is it right for your international transfers?
OFX is a money transfer service Transfer to US, GB, AU. No fixed transfer fees — significantly cheaper than flat-fee competitors for large transfers
⚠ Important — Money Transfer Disclaimer
The international money transfer services listed on this page are third-party platforms. Finatune does not handle, process, or facilitate any money transfers and is not a licensed money transfer operator. Exchange rates fluctuate in real time — the rate you see when comparing may differ from the rate locked in at the time of transfer. Always verify the total cost (fee + exchange rate markup) for your specific transfer corridor and amount before sending. Transfer speed estimates are typical ranges and are not guaranteed. Some services advertise 'no fees' — these platforms generate revenue through exchange rate markups above the mid-market rate, which can significantly increase the effective cost of your transfer, especially for larger amounts. Identity verification (KYC) is required by all regulated money transfer providers. Funds may be subject to holding periods or additional verification for first-time transfers or large amounts. Finatune may earn affiliate commissions from referrals to some platforms listed on this page, at no additional cost to you.
Pricing
// verify pricing before launch — prices shown may not reflect current vendor rates
Key Features
- •No fixed transfer fees on most transactions — exchange rate margin is the only cost
- •Exchange rate margin of 0.4%–1.5% above mid-market, improving with transfer size
- •Minimum transfer of $1,000 USD or equivalent — designed for large, regular transfers
- •24/7 customer support staffed by human dealers who can negotiate rates for large amounts
- •Forward contracts available for businesses managing currency risk
- •Rate alerts notify you when your target exchange rate is reached
- •50+ currencies supported to 170+ countries
- •Business accounts with multi-user access, batch payments, and reporting tools
Pros
- +No fixed transfer fees — significantly cheaper than flat-fee competitors for large transfers
- +Exchange rate improves with transfer size — best rates for $10,000+ transfers
- +24/7 human dealer support — real people who can negotiate rates for large transfers
- +Forward contracts and rate alerts for business currency risk management
- +Strong regulatory standing — part of Corpay (NYSE: CPAY), a publicly traded company
Cons
- −Minimum transfer of $1,000 — not suitable for small, occasional transfers
- −Exchange rate margin is not fully transparent — rate is quoted per transaction, not published
- −No mobile wallet or cash pickup options — bank-to-bank only
- −Slower than digital-first competitors — transfers typically take 1-3 business days
- −Not available in all countries — limited to US, UK, AU, CA, NZ, EU, HK, SG
Available on
Integrations
Compare OFX with other tools
See how OFX stacks up against Wise and TorFX side by side.
Related Resources
Financial Glossary
Reviewed by Finatune · Last updated 2026-07-12