OFX Fee Calculator

OFX builds its cost into the exchange rate, with a margin that narrows as the transfer gets bigger. The calculator shows OFX's own quotes.

Calculate Transfer Fees

See your OFX cost from OFX's own quotes - the exchange-rate margin, which narrows as the amount grows, plus any fee below your market's threshold

You Send

From Country

Amount to Send

$USD

Recipient Gets

To Country

Enter an amount to see the estimate

OFX Fee Structure

Fee: depends on the amount and the method

* OFX's fee and rate markup from its own quotes at the amounts we collected, on today's mid-market rate; between those amounts a fee is shown only where it is known. Real cost varies by corridor, amount, delivery and payment method, and promotions — check the provider for a live quote.

Also worth checking: Wise

Wise says it converts at the mid-market rate and shows its whole cost as one fee. Compare what your recipient gets before you send.

See Wise’s rate

OFX (formerly OzForex) is an international money-transfer specialist founded in Sydney in 1998 and listed on the Australian Securities Exchange (ASX: OFX). It rebranded from OzForex to OFX in 2015, folding regional brands like USForex, UKForex and CanadianForex into one global name. Over 25+ years it has moved more than $100 billion for over 1 million customers, and it is built for larger transfers - there is no maximum limit, so it handles everything from a few thousand dollars to multi-million-dollar payments.

OFX's cost has two parts: the margin built into its exchange rate, and, in some markets, a transfer fee on smaller amounts. The margin is not a flat percentage; it narrows as the transfer grows. Whether a fee is added on top depends on the market you send from: some OFX entities charge none, others charge a small fee below a threshold that differs by currency and nothing above it.

For the corridor people ask about most - USD to INR - this matters a lot. The margin is widest on small transfers and narrows as the amount grows, so sending less costs proportionally more. The very low margins some reviews quote are OFX's customized rates for high-value transfers and registered or corporate customers - so OFX's margin is narrowest on large or negotiated transfers and widest on small standard ones.

Use the calculator above to see OFX's own quote for your amount, then check the cost table further down for how the cost changes with transfer size. For extra control on large or future payments, OFX offers forward contracts (lock in today's rate for up to 12 months) and limit orders (auto-execute when the market hits your target rate), plus 24/7 currency dealers for large amounts.

How OFX Fees Work

OFX does not use the mid-market rate, and the gap between the two is where it makes its money. That gap depends on where you send and on how much - on any route it is widest on small transfers and narrows as the amount grows. Whether you pay a transfer fee on top depends on which OFX entity serves you: some charge none, others charge a small fee below a threshold that differs by currency and nothing above it.

OFX's quote is for a bank transfer in and a bank deposit out - its quote takes no choice of how you pay or how the money arrives - and the calculator shows OFX's own quote at the amounts we collected.

OFX Fee Structure:

Transfer Fee: Depends on the market you send from - none from some OFX entities; from others, a small fee below a threshold that differs by currency and none above it
Exchange-Rate Margin: Built into the rate OFX quotes - widest on small transfers and narrower as the amount grows
Customized Rates: High-value and registered or corporate customers can get tighter rates than the standard quote
No Maximum: No upper limit; the minimum transfer differs by the currency you send

Example: USD to India, and why small transfers cost more

• Transfer fee: where OFX charges one, it applies only below its threshold
• Rate margin on a small transfer: the widest OFX quotes
• The same route at a larger amount: a narrower margin
• Very large or negotiated transfers: customized rates can do better still

Compare what your recipient receives, not the fee: a transfer with no fee still carries a real cost in the rate. To reach OFX's tightest customized rates you generally need a high-value transfer or a registered/corporate account.

OFX Costs at a Glance

OFX's cost is the exchange-rate margin plus, in some markets, a small fee on smaller transfers. The margin depends on where you send and on how much, narrowing as the amount grows. High-value and registered or corporate customers can get tighter customized rates. There is no maximum limit, and the minimum transfer differs by the currency you send.

Transfer size	Transfer fee	Rate margin	What it means
Small transfers	None in some markets; a small fee below the threshold in others	Widest	The margin takes the largest share of the amount
Larger transfers	None above the threshold	Narrower	The margin takes a smaller share as the amount grows
High-value / registered	None above the threshold	Customized	Log in for a high-value rate

What a USD to INR transfer really costs

Sending to India costs the margin in OFX's rate, plus a fee only where OFX charges one and your amount is below the threshold. The margin widens as the amount shrinks, so the smaller the transfer, the larger the share it costs, and it tightens as the amount grows. To reach OFX's tightest customized rates you generally need a high-value transfer or a registered or corporate account, so always compare the rupee amount your recipient receives against the mid-market rate and against another provider for the same corridor.

Using the OFX Fee Calculator

Our calculator shows OFX's own standard quote - the exchange rate, any transfer fee and what your recipient receives - at the amounts we collected. Because the margin narrows with size, entering your real amount matters more here than on providers with a flat fee; high-value or registered customers can get tighter customized rates still.

Features:

Fee and margin shown
55+ currencies
OFX's own quoted rates

You'll See:

• Transfer fee (none on larger amounts)
• Exchange margin %
• Final recipient amount
• Total effective cost

24/7 Personal Dealer Service

OFX provides 24/7 access to dedicated currency dealers who offer expert guidance and help secure better rates through advanced transfer tools.

Dealer Services:

Expert Guidance:

• Market insights
• Rate alerts
• Timing advice

Advanced Tools:

• Limit orders
• Forward contracts
• Regular payments

Comparing OFX with Other Options

On large or negotiated transfers, any transfer fee falls away, the margin narrows, and high-value or registered customers can access tighter customized exchange rates than the standard quote.

OFX vs Competitors:

Strengths:

• No fee on large transfers
• Margin narrows as the amount grows
• 24/7 dealer support
• Advanced tools
• 55+ currencies
• Since 1998

Considerations:

• Widest margin on small amounts
• 1-2 days transfer time
• Account setup required
• No cash pickup

Tips to Maximize Value with OFX

Transfer Strategy:

• Larger amounts get a tighter rate margin
• Use limit orders for better rates
• Consider forward contracts
• Set up regular payment plans

Work with Dealers:

• Contact for rate quotes
• Ask about large transfer rates
• Use market insights
• Set up rate alerts

Pro Tips:

Negotiate: For very large transfers, dealers can offer better rates
Forward contracts: Lock in rates to protect against fluctuations
Bundle transfers: Combine small transfers into one larger transfer for a tighter margin

Frequently Asked Questions

Does OFX charge fees for international transfers?

It depends on where you send from, and on how much. Some OFX entities charge no transfer fee at all; others charge a small fee below a threshold that differs by currency and drop it entirely above that threshold. What every market pays is the exchange-rate margin: OFX does not use the mid-market rate, and its margin is built into the rate it quotes. That margin narrows as the transfer gets bigger, so small transfers cost proportionally the most. The calculator above shows OFX's own quote, fee and rate together, for your route and amount.

How much does OFX charge to send USD to INR for a large transfer?

On USD to INR the exchange-rate margin is where most of the cost sits, and it narrows as the amount grows, so a large transfer costs proportionally less than a small one. Where OFX charges a transfer fee at all, it applies only below a threshold, so large transfers avoid it. The calculator above opens on United States to India and shows OFX's own quote at the amounts we collected; enter your amount to see the fee, the rate and what your recipient gets. OFX also advertises tighter customized rates for high-value transfers and registered or corporate customers, so very large amounts can do better than the standard quote.

What is OFX's exchange-rate margin?

OFX does not use the mid-market rate; it adds a margin, which is its main way of making money. It depends on both the destination and the size of the transfer: on any route it is widest on small transfers and narrows steadily as the amount grows. The very low margins some reviews mention are OFX's customized rates for high-value transfers and corporate or registered customers, not the standard quote. Always compare OFX's rate against the mid-market rate to see your true cost.

What are OFX's minimum and maximum transfer amounts?

OFX sets a minimum transfer for each market it serves, and it differs by the currency you send. There is no maximum at all. The lack of an upper limit is one of OFX's main strengths: it routinely handles transfers of hundreds of thousands or millions of dollars for property purchases, business payments and emigration. On large transfers the rate margin narrows, and high-value or registered customers can access tighter customized rates.

Is OFX the same as OzForex?

Yes. OFX was founded in Sydney in 1998 as OzForex and rebranded to OFX in 2015, when it merged its regional brands - including OzForex, USForex, UKForex, CanadianForex and NZForex - into a single global brand. It is publicly listed on the Australian Securities Exchange (ASX: OFX). If you see older references to OzForex rates or the OzForex currency converter, they refer to the same company.

Does OFX offer forward contracts and limit orders?

Yes. A forward contract lets you lock in today's exchange rate for a transfer up to 12 months in the future, which removes currency risk when you know a big payment is coming, such as a property settlement. A limit order lets you set a target rate, and OFX automatically completes the transfer when the market reaches it. Both are handled by OFX's 24/7 currency dealers, who can also offer sharper rates on large transfers.

Is OFX safe and regulated?

Yes. OFX is publicly traded on the Australian Securities Exchange (ASX: OFX) and regulated by financial authorities including AUSTRAC in Australia, the FCA in the UK and FinCEN in the US. Founded in 1998, it has transferred over $100 billion for more than 1 million customers and holds client funds in segregated accounts, giving it a strong security and compliance track record.

How fast are OFX transfers?

OFX transfers usually arrive within 1 to 2 business days once your funds reach OFX, depending on the currency pair and the destination banking system. It is not built for instant delivery like some app-based services, but on large transfers its margin is narrower than on small ones, and you can lock in a rate. You can track your transfer's status online throughout.

Last Updated: Pricing collected October 9, 2026. The calculator shows OFX's own quotes at the amounts we collected on the routes we track. Cost varies by the market you send from, the corridor and the amount, so confirm the live quote with OFX before you send.