Is OFX or Xoom cheaper?

Today on a USD 1,000 transfer to INR, Xoom delivers 3,337 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 Xoom?

OFX (Zero fee above $1k, rate margin): Australian FX specialist focused on larger transfers — no fees above $1,000. Xoom (Flat fee + rate markup): PayPal-owned remittance service with deep cash pickup and bank network coverage.

Which is faster, OFX or Xoom?

For this corridor today, OFX reports 1–2 days and Xoom 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 Xoom?

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

Does OFX or Xoom offer better exchange rates?

Right now, OFX's rate is 91.4963 INR per USD and Xoom's rate is 94.3753. 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 Xoom

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

Rates verified 23:10 UTC · refreshed every 5 min

Today's verdict for USD 1,000 → INR

Xoom wins by INR 3,337

Xoom delivers INR 94,375, compared with OFX at INR 91,039. 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: 91.4963
Speed: 1–2 days
Recipient gets: INR 91,039

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

Flat fee + rate markup

Winner today

PayPal-owned remittance service with deep cash pickup and bank network coverage.

Fee: Free
Rate: 94.3753
Speed: Minutes
Recipient gets: INR 94,375

Founded 2001

San Francisco, CA, USA

Pros

Backed by PayPal — login and pay with existing PayPal balance
Cash pickup at thousands of locations worldwide
Reload mobile minutes and pay bills in some destination countries

Cons

Fees vary widely by payment method (bank cheaper than card)
Exchange rate margin can be larger than dedicated MTOs like Wise
Limits on send amount per period

Try Xoom

Side-by-side comparison

Spec	OFX	Xoom
Fee model	Zero fee above $1k, rate margin	Flat fee + rate markup
Headquarters	Sydney, Australia	San Francisco, CA, USA
Founded	1998	2001
Status	Public (ASX: OFX)	Owned by PayPal Holdings
Live USD→INR fee	USD 5.00	Free
Live USD→INR rate	91.4963	94.3753
Recipient gets (USD 1,000)	INR 91,039	INR 94,375
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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Xoom

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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

Other comparisons

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.