Is OFX or Wise cheaper?

Today on a USD 1,000 transfer to INR, Wise delivers 2,372 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 Wise?

OFX (Zero fee above $1k, rate margin): Australian FX specialist focused on larger transfers — no fees above $1,000. Wise (Percentage + flat): Mid-market rate with a transparent percentage fee — no hidden FX margin.

Which is faster, OFX or Wise?

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

Which is safer, OFX or Wise?

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

Does OFX or Wise offer better exchange rates?

Right now, OFX's rate is 92.0563 INR per USD and Wise's rate is 95.0820. 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 Wise

Live fee, exchange rate and recipient amount comparison for USD → INR. Best for amounts over $10,000. Pros, cons and licensing in one view.

Today's verdict for USD 1,000 → INR

Wise wins by INR 2,372

Wise delivers INR 93,968, compared with OFX at INR 91,596. 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: 92.0563
Speed: 1–2 days
Recipient gets: INR 91,596

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

Percentage + flat

Winner today

Mid-market rate with a transparent percentage fee — no hidden FX margin.

Fee: USD 11.72
Rate: 95.0820
Speed: Within hours
Recipient gets: INR 93,968

Founded 2011

London, UK

Pros

Uses the real mid-market exchange rate
Transparent fee breakdown shown before you confirm
Multi-currency account with local bank details in 9+ regions

Cons

No cash pickup — bank account required on the receiving end
Percentage fee can add up on very large transfers
Some less common corridors not supported

Try Wise

Side-by-side comparison

Spec	OFX	Wise
Fee model	Zero fee above $1k, rate margin	Percentage + flat
Headquarters	Sydney, Australia	London, UK
Founded	1998	2011
Status	Public (ASX: OFX)	Public (LSE: WISE)
Live USD→INR fee	USD 5.00	USD 11.72
Live USD→INR rate	92.0563	95.0820
Recipient gets (USD 1,000)	INR 91,596	INR 93,968
Typical speed	1–2 days	Within hours
Top corridors	AUD→GBP, GBP→AUD, USD→AUD	USD→INR, GBP→INR, EUR→INR

User reviews

OFX

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Wise

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Frequently asked questions

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Wise vs Remitly →Wise vs Xoom →Wise vs MoneyGram →Wise vs Western Union →Remitly vs Xoom →Western Union vs MoneyGram →

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.