Is OFX or Remitly cheaper?

Today on a USD 1,000 transfer to INR, Remitly delivers 3,766 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 OFX and Remitly?

OFX (Zero fee above $1k, rate margin): Australian FX specialist focused on larger transfers — no fees above $1,000. Remitly (Tiered fee + rate markup): Cash pickup, mobile wallet, and bank deposit options with a price guarantee.

Which is faster, OFX or Remitly?

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

Which is safer, OFX or Remitly?

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

Does OFX or Remitly offer better exchange rates?

Right now, OFX's rate is 91.5422 INR per USD and Remitly's rate is 94.8500. 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.

OFX vs Remitly

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

Reviewed by Aayush Jain·Updated Sep 2026·Rates verified 04:47 UTC

Today's verdict for USD 1,000 → INR

Remitly wins by INR 3,766

Remitly delivers INR 94,850, compared with OFX at INR 91,084. Verdicts can flip on different corridors and amounts — always check the live corridor page before transferring.

Zero fee above $1k, rate margin

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

Fee: USD 5.00
Rate: 91.5422
Speed: 1–2 days
Recipient gets: INR 91,084

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

Tiered fee + rate markup

Winner today

Cash pickup, mobile wallet, and bank deposit options with a price guarantee.

Fee: Free
Rate: 94.8500
Speed: Minutes
Recipient gets: INR 94,850

Founded 2011

Seattle, WA, USA

Pros

Cash pickup at thousands of locations across India, the Philippines and LatAm
Price-lock guarantee — quoted rate honoured even if it moves
Strong mobile app, easy first-time setup

Cons

Exchange rate includes a markup
Express tier costs significantly more than Economy
Customer support response times can vary

Try Remitly

Side-by-side comparison

Spec	OFX	Remitly
Fee model	Zero fee above $1k, rate margin	Tiered fee + rate markup
Headquarters	Sydney, Australia	Seattle, WA, USA
Founded	1998	2011
Status	Public (ASX: OFX)	Public (NASDAQ: RELY)
Live USD→INR fee	USD 5.00	Free
Live USD→INR rate	91.5422	94.8500
Recipient gets (USD 1,000)	INR 91,084	INR 94,850
Typical speed	1–2 days	Minutes
Top corridors	AUD→GBP, GBP→AUD, USD→AUD	USD→INR, USD→PHP, USD→MXN

User reviews

OFX

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Remitly

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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.