OFX review
A strong fit for planned bank transfers, recurring payments, and FX management.
Reviewed by iTechGuides Editors · Editorial team · Updated Oct 2026
OFX is an international money-transfer service for consumers and businesses that need to send funds to bank accounts. It supports transfers in 50+ currencies to 170+ destinations through web, iOS, and Android apps. Personal customers can book transfers online or in the app, while businesses and individuals can use recurring payments, transfer tracking, and exchange-rate tools. It suits planned international payments more than situations requiring immediate delivery or alternative recipient methods.
The published pricing information shows a $0 fee on the US personal transfer page, with a one-time starting price of $0. Fees, payment methods, exchange rates, and delivery times vary by country, currency, and transfer type. OFX applies a margin through the quoted exchange rate, so the exchange-rate quote is an important part of the total cost. Live rates and rate history support planning, while forward contracts lock future exchange rates and limit orders target a selected exchange rate. Recurring payments can be scheduled up to 12 months ahead.
OFX also provides online and in-app transfer tracking, mobile identity-document uploads, and fingerprint or Face ID login on compatible devices. Human support is available 24/7 through email and phone, with documentation also provided, and the listed compliance posture includes GDPR. The main constraint is delivery: recipients receive funds through bank accounts, and transfer speed is listed as 1–3 days, with most major-currency transfers arriving within one to two business days after OFX receives the funds. Choose OFX for scheduled bank transfers and active FX management; consider an alternative if you need cash pickup, a different recipient method, or faster delivery.
OFX pros and cons
- Where it wins
- Supports transfers in 50+ currencies to 170+ destinations
- Includes rate history, forward contracts, and limit orders
- Offers recurring payments, tracking, and mobile security features
- Where it doesn't
- Recipients receive funds through bank accounts only
- Transfers typically take 1–3 days
- Quoted exchange rates include an OFX margin
OFX fact sheet, pricing and score →
Advertiser disclosure: iTechGuides is reader-supported. Vendors can pay for top positions in our rankings and for a place on other products' pages, and we may earn a commission when you click some links. Bought places stand at the number bought; this page and our disclosure say so. Paying vendors may get a fuller, more detailed review from our editors, and that review can change their score. How we rank.
Last updated · How we research and update