Is MoneyGram or OFX cheaper?

Today on a USD 1,000 transfer to INR, MoneyGram delivers 3,221 INR more than OFX. The winner can flip on different corridors and amounts — always check the live comparison on the corridor page before transferring.

What's the main difference between MoneyGram and OFX?

MoneyGram (Flat fee + rate markup): Global cash pickup network with 470,000+ agent locations — taken private by Madison Dearborn in 2023. OFX (Zero fee above $1k, rate margin): Australian FX specialist focused on larger transfers — no fees above $1,000.

Which is faster, MoneyGram or OFX?

For this corridor today, MoneyGram reports minutes and OFX reports 1–2 days. Speed depends on payment method and the recipient's bank — debit-card-funded transfers typically clear faster than ACH.

Which is safer, MoneyGram or OFX?

Both are licensed money services businesses. MoneyGram is regulated in USA, UK, EU. OFX is regulated in Australia, USA, UK. As long as you transfer through their official site or app, both are safe to use.

Does MoneyGram or OFX offer better exchange rates?

Right now, MoneyGram's rate is 94.4015 INR per USD and OFX's rate is 91.4498. Rates change throughout the day — the best move is to compare the *recipient amount* (rate plus any margin minus fees), which is what the table above shows.

MoneyGram vs OFX

Live fee, exchange rate and recipient amount comparison for USD → INR. Pros, cons and licensing in one view.

Rates verified 04:30 UTC · refreshed every 5 min

Today's verdict for USD 1,000 → INR

MoneyGram wins by INR 3,221

MoneyGram delivers INR 94,214, compared with OFX at INR 90,993. Verdicts can flip on different corridors and amounts — always check the live corridor page before transferring.

Flat fee + rate markup

Winner today

Global cash pickup network with 470,000+ agent locations — taken private by Madison Dearborn in 2023.

Fee: USD 1.99
Rate: 94.4015
Speed: Minutes
Recipient gets: INR 94,214

Founded 1940

Dallas, TX, USA

Pros

Cash pickup at 350,000+ locations in 200 countries
Mobile app makes online transfers competitive
First-transfer promotional fees and discounts

Cons

Exchange rate margin is wider than digital-first MTOs
Cash-to-cash fees are notably higher
Limits and KYC checks can delay first transfer

Try MoneyGram

Zero fee above $1k, rate margin

Australian FX specialist focused on larger transfers — no fees above $1,000.

Fee: USD 5.00
Rate: 91.4498
Speed: 1–2 days
Recipient gets: INR 90,993

Founded 1998

Sydney, Australia

Pros

No fees on transfers above $1,000 (varies by source currency)
Dedicated dealer for transfers above ~$10k
24/7 phone support

Cons

Margin on small transfers makes them uncompetitive
Slower than digital-first MTOs (1–2 business days typical)
Onboarding requires phone verification for new clients

Try OFX

Side-by-side comparison

Spec	MoneyGram	OFX
Fee model	Flat fee + rate markup	Zero fee above $1k, rate margin
Headquarters	Dallas, TX, USA	Sydney, Australia
Founded	1940	1998
Status	Private (acquired by Madison Dearborn Partners, 2023)	Public (ASX: OFX)
Live USD→INR fee	USD 1.99	USD 5.00
Live USD→INR rate	94.4015	91.4498
Recipient gets (USD 1,000)	INR 94,214	INR 90,993
Typical speed	Minutes	1–2 days
Top corridors	USD→MXN, USD→PHP, USD→IND	AUD→GBP, GBP→AUD, USD→AUD

User reviews

MoneyGram

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OFX

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We don't host our own reviews — we link to Trustpilot so the rating isn't influenced by us.

Frequently asked questions

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Live quotes from Wise's public comparison API, updated every 5 minutes. Provider profiles are based on public information; for pricing, KYC requirements and current promotions always check the provider's official site. Methodology.