Head-to-head
OFX vs Wise
Fees, speed, and ratings compared side by side.
| Feature | OFX | Wise |
|---|---|---|
| Overall rating | 4.4 / 5 | 4.7 / 5 |
| Typical fees | 0% | 0.45% |
| FX markup | 0.9% | 0.3% |
| Transfer speed | Next day | Within hours |
| App rating (iOS / Android) | 4.5 / 4.2 | 4.8 / 4.6 |
| Supported currencies | 25 currencies supported | 25 currencies supported |
| Cash pickup | No | No |
| Mobile wallet payout | No | Yes |
| Multi-currency account | No | Yes |
| Business accounts | Yes | Yes |
Pros & cons
OFX
OFX waives fixed fees entirely and leans on dedicated rate specialists, which tends to pay off most on larger, less time-sensitive transfers.
Pros
- No fixed transfer fee on any corridor
- Phone-based rate guidance for large transfers
- Wide currency coverage for a non-app-first provider
Cons
- No mobile wallet or cash pickup payout
- Rate markup is less competitive on smaller amounts
- Slower than same-day specialists
Wise
Wise built its reputation on charging the real mid-market exchange rate and a small, upfront fee instead of folding a markup into the rate.
Pros
- Consistently the smallest FX markup in this comparison
- Fee is shown in full before you confirm
- Multi-currency account holds 40+ currencies at once
Cons
- No cash pickup option
- Fees rise for card-funded transfers
- Occasional extra verification for large first-time transfers
See today's live rates
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Live comparison
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