OFX Fee Calculator

See what an OFX transfer really costs: a small fee on smaller transfers (waived when large) plus a ~2-3% exchange-rate margin on standard quotes, with tighter customised rates for high-value transfers.

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Calculate Transfer Fees

Estimate your OFX cost - the ~2-3% exchange-rate margin on a standard quote (large transfers skip the flat fee)

You Send

From Country

Amount to Send

$USD

Recipient Gets

To Country

Delivery options

Bank / UPI

Ways the recipient can be paid in India. The fee shown is for the typical option.

OFX Fee Structure

Rate markup: 3%Estimate · verified 2026-06

* 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.

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 pricing has two parts. First, a small flat transfer fee on smaller transfers - about $5 from the US, £7 from the UK or €10 from the eurozone - which OFX waives once the transfer is large enough (around $5,000, £3,000 or €5,000 in its own quotes). Second, and more importantly, an exchange-rate margin built into the rate: OFX does not use the mid-market rate, and on a standard personal quote that margin is around 2% to 3%.

For the corridor people ask about most - USD to INR - this matters a lot. In a recent OFX quote, sending $5,000 to India was fee-free but used a rate about 3% below mid-market (roughly $150 of cost in the rate), and a $1,000 transfer added a $5 fee on top. The very low margins some reviews quote (well under 1%) are OFX's customised 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

OFX has two costs. The first is a flat transfer fee on smaller transfers - about $5 (USD), £7 (GBP) or €10 (EUR) - which is waived once the transfer is large enough (around $5,000, £3,000 or €5,000 in OFX's quotes), so large transfers pay $0 in fees. The second, and usually bigger, cost is the exchange-rate margin: OFX does not use the mid-market rate, and on a standard personal quote it runs around 2% to 3%, tightening only for high-value or registered customers who get customised rates.

OFX Fee Structure:

Flat Fee on Small Transfers: About $5 (USD), £7 (GBP) or €10 (EUR), waived on larger transfers
Exchange-Rate Margin: The main cost - around 2-3% below mid-market on a standard personal quote
Customised Rates: High-value and registered or corporate customers get tighter rates (often under 1%)
No Maximum: No upper limit; minimum is low (about $150 in the US)

Example: $5,000 USD to India (a real OFX quote)

• Transfer fee: $0 (waived at this size)
• OFX rate: 1 USD = 92.44 INR
• Mid-market rate at the time: about 1 USD = 95.26 INR
• Cost in the rate: about 3%, or roughly $150 on $5,000
• A $1,000 transfer also adds a $5 fee on top of a slightly wider rate

To reach OFX's advertised sub-1% rates you generally need a high-value transfer or a registered/corporate account. Compare the rupee amount your recipient receives against the mid-market rate.

OFX Costs at a Glance (2026)

OFX charges a small flat fee on smaller transfers and waives it on larger ones, but the bigger cost is always the exchange-rate margin. On a standard personal quote that margin runs around 2-3%; high-value and registered or corporate customers can get tighter customised rates. There is no maximum limit and the minimum is low (about $150 in the US).

Transfer size	Transfer fee	Standard rate margin	Notes
Small (e.g. $1,000)	$5 / £7 / €10	~3% - 3.5%	Flat fee plus a wider rate
Fee-free (about $5,000+)	$0	~3%	Fee waived; standard margin still applies
High-value / registered	$0	Customised (often under 1%)	Log in for a high-value rate

What a USD to INR transfer really costs

In a recent OFX quote, sending $5,000 to India cost $0 in fees but used a rate of about 92.4 rupees per dollar versus a mid-market rate near 95.3 - a margin of roughly 3%, or about $150. A $1,000 transfer adds a $5 fee on top of a slightly wider rate. 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.

Last Updated: June 2026

Using the OFX Fee Calculator

Our calculator estimates the exchange-rate margin on a standard OFX quote (about 2-3%). Large transfers skip the flat fee, while smaller transfers add about $5 (USD), £7 (GBP) or €10 (EUR); high-value or registered customers can get tighter customised rates.

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 customised 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?

OFX charges a small flat transfer fee on smaller transfers - about $5 from the US, £7 from the UK or €10 from the eurozone - and waives it once the transfer is large enough (around $5,000, £3,000 or €5,000 in OFX's own quotes). So large transfers usually pay $0 in fees, while small ones pay a few dollars. The bigger cost, though, is the exchange-rate margin OFX builds into the rate. On a standard personal quote that margin is around 2% to 3%, so check the rate, not just the fee.

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

On a fee-free amount the transfer fee is $0, and the cost is the exchange-rate margin. In a recent OFX quote, sending $5,000 to India used a rate of about 92.4 rupees per dollar when the mid-market rate was about 95.3 - a margin of roughly 3%, or about $150 on $5,000. A $1,000 transfer also adds a $5 fee and a slightly wider rate. OFX advertises tighter customised rates for high-value transfers and registered or corporate customers, so very large transfers can do better than the standard 3% - log in to see your customised rate.

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. On a standard personal quote that margin is around 2% to 3% - measured at close to 3% even on fee-free transfers of about $5,000 to India and Morocco, and a little more on smaller amounts. The very low margins some reviews mention (well under 1%) are OFX's customised 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 has a low minimum - about $150 in the US, though it varies by currency pair - and 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 flat fee is waived and high-value or registered customers can access tighter customised exchange 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.