Is TransferWise or OFX better?
Table of Contents
Is TransferWise or OFX better?
TransferWise has an edge on OFX for smaller amounts where OFX charges a little more, but for larger amounts OFX comes into it own as they reduce the percentage they charge in fees as amounts increase. Above $7000 USD we recommend OFX because of their international customer support network.
Is OFX a good way to transfer money?
Positive OFX Reviews The exchange rates are much better than the banks, and “the best around” according to certain customers. Customers were very happy with how quick the entire process was, with the money being delivered the same day in certain cases. Using OFX is easy and simple.
Which money transfer service has the best exchange rate?
Western Union is the best international money transfer service when you need money sent fast and without the hassle of paperwork and delays in receiving the money. Rates: The average rates are 1\% – 6\% depending on the location, but transfers under $1,000 often cost only a few dollars.
What is better than TransferWise?
Sites like Wise
- OFX.
- WorldRemit.
- TorFX.
- Instarem.
- MoneyGram.
Does TransferWise use BPay?
Wise accepts payment via bank transfer or BPay, and charges an extra fee for debit or credit cards. However, Wise does not accept cheque or cash for your transfer.
Is TransferWise a reputable company?
Is Wise (formerly known as TransferWise) safe and legit? Yes it is. They transfer 5 billion dollars every month. Just like large banks they protects it’s customers against fraudulent activity.
How much does OFX cost?
A quick comparison
| OFX | Wise | |
|---|---|---|
| Transfer fee | $0 | $6.50 |
| Exchange rate | OFX Customer Rate⁵ | Mid-market rate |
| Amount your friend will receive | 706.90 GBP⁶ | 719.35 USD |
Who are TransferWise competitors?
OFX. OFX is the best alternative for USA residents.
https://www.youtube.com/watch?v=iiW9vH9RO4k