OFX Fee Calculator

OFX charges no transfer fee in the US: the entire cost is built into the exchange rate, and it narrows sharply as the transfer gets bigger.

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Calculate Transfer Fees

Estimate your OFX cost - the exchange-rate margin, which is the whole cost from the US and narrows as the amount grows

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From Country

Amount to Send

$USD

Recipient Gets

To Country

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OFX Fee Structure

Rate markup: 3.499%Estimate · verified 2026-09-08

* Estimated typical cost: the live mid-market rate minus this provider's typical exchange-rate markup, plus its typical fee. Real cost varies by corridor, amount, delivery and payment method, and promotions — check the provider for a live quote.

Also worth checking: Wise

Wise uses the real mid-market rate with one clear fee and no markup hidden in the exchange rate. Worth a look 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.

In the US, OFX charges no transfer fee at all. Its own US FAQ says so outright, and every quote we pull comes back the same way, $0 at $200 and $0 at $30,000. The whole cost sits in the exchange rate instead, and it is not a flat percentage. The margin narrows as the transfer grows, from about 5% on $200 to 2.7% on $1,000 and 1.65% on $30,000. Senders in some other markets do pay a fee (€10 from the eurozone, A$15, C$15, NZ$12, HK$60), which is where the widely repeated "$5 OFX fee" comes from.

For the corridor people ask about most - USD to INR - this matters a lot. We measure the margin at 3.02% on $5,000, roughly $151, with no fee on top; at $1,000 it is 3.50% and at $200 it is 5.00%. Sending less costs proportionally more, which is the reverse of how a flat fee works. The very low margins some reviews quote (well under 1%) are OFX's customized rates for high-value transfers and registered or corporate customers - so OFX is strongest on large or negotiated transfers rather than small standard ones.

Use the calculator below to estimate the margin on your amount, then check the cost table further down for how the margin 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 amounts over $100,000.

How OFX Fees Work

From the US there is only one cost, and it is the exchange rate. OFX does not use the mid-market rate, and the gap between the two is where it makes its money. That gap depends mostly on how much you send (about 5% at $200, 2.68% at $1,000, 2.19% at $5,000 and 1.65% at $30,000 across the 46 US corridors we price), and only secondarily on where you send it. Whether you pay a transfer fee on top depends on which OFX entity serves you: none in the US, the UK or Singapore; €10, A$15, C$15, NZ$12 or HK$60 elsewhere, each waived above a threshold.

OFX Fee Structure:

Transfer Fee: None from the US, the UK or Singapore; €10, A$15, C$15, NZ$12 or HK$60 from other OFX entities
Exchange-Rate Margin: The whole cost in the US - about 5% at $200, 2.7% at $1,000, 1.65% at $30,000
Customized Rates: High-value and registered or corporate customers get tighter rates (often under 1%)
No Maximum: No upper limit; the minimum is US$150 in all major currencies

Example: $5,000 USD to India, and why $200 is worse

• Transfer fee: $0 (OFX charges US senders none at any size)
• Rate margin on $5,000: 3.02%, or about $151
• The same route at $1,000: 3.50%, about $35
• The same route at $200: 5.00%, about $10
• At $30,000 it narrows to 2.48%

The percentage, not the dollar figure, is what to compare: a $0 fee looks free, but $151 of a $5,000 transfer is still $151. To reach OFX's advertised sub-1% rates you generally need a high-value transfer or a registered/corporate account.

OFX Costs at a Glance (2026)

US senders pay no transfer fee, so the exchange-rate margin is the whole cost, and it depends far more on how much you send than on where you send it. High-value and registered or corporate customers can get tighter customized rates. There is no maximum limit, and the minimum is US$150 in all major currencies.

Transfer size	Transfer fee (US)	Median rate margin	Cost on that amount
$200	$0	~5.0%	About $10, the worst value OFX offers
$1,000	$0	~2.7%	About $27
$5,000	$0	~2.2%	About $110
$30,000	$0	~1.7%	About $495
High-value / registered	$0	Customized (often under 1%)	Log in for a high-value rate

What a USD to INR transfer really costs

Sending $5,000 to India costs $0 in fees and 3.02% in the rate, about $151. At $1,000 the margin widens to 3.50% and at $200 to 5.00%, so the smaller the transfer, the worse the deal. At $30,000 it tightens to 2.48%. To reach OFX's advertised sub-1% 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 estimates the exchange-rate margin on a standard OFX quote, which is the whole cost for a US sender: there is no transfer fee to add. 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
Live exchange rates

You'll See:

• Transfer fee (often $0 on large)
• 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

OFX excels for large or negotiated transfers, where the flat fee is waived 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
• Better rates on large transfers
• 24/7 dealer support
• Advanced tools
• 55+ currencies
• Since 1998

Considerations:

• Best value on larger 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 $100,000+ 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?

Not in the US. OFX's own US FAQ states there are no transfer fees, and every quote we pull from its US pricing confirms it at $200 and at $30,000 alike. The fee you may have read about is real, but it belongs to OFX's other entities: about €10 from the eurozone, A$15 from Australia, C$15 from Canada, NZ$12 from New Zealand and HK$60 from Hong Kong, each waived above a threshold. UK and Singapore senders, like US ones, pay nothing. What every market pays is the exchange-rate margin, which on US quotes runs about 5% at $200, 2.7% at $1,000 and 1.7% at $30,000.

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

The transfer fee is $0 at every size from the US, so the margin is the whole cost. On USD to INR we measure it at 3.02% on $5,000 (roughly $151) against 3.50% on $1,000 and 2.48% on $30,000. The same transfer at $200 carries a 5.00% margin, which is why small transfers are the worst value here. OFX 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 far more on the size of the transfer than on the destination. Across the 46 US corridors we price the median is 2.68% at $1,000, but the same corridors average about 5% at $200 and 1.65% at $30,000. By destination the spread runs from 2.31% on USD to AUD up to about 6.5% on thin Pacific routes such as Vanuatu and Samoa. The very low margins some reviews mention (well under 1%) 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's minimum is US$150 in all major currencies, and 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. Its best value comes on large transfers, where the rate margin narrows from about 5% at $200 to 1.65% at $30,000 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, with no deposit and no extra fee. 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 for large transfers the waived fee and the ability to lock in a rate often outweigh the extra day. You can track your transfer's status online throughout.

Last Updated: Pricing collected September 11, 2026. Figures on this page are our own measurements of OFX pricing on the routes we track, not quotes from the provider. Cost varies by corridor, amount, delivery and payment method, so confirm the live quote before you send.