OFX (US)
Depends
Confidence: Medium
Buy if you're a business or individual making mid-sized, recurring international transfers where the no-fee, 0.5-3.9% rate markup beats bank wires.
Comparison
OFX (US) vs Remitly
OFX (US) and Remitly both land on Depends.
Remitly
Depends
Confidence: Medium
Buy Remitly for small, frequent personal remittances to supported corridors . it is licensed, widely used, and rates 4.8/5 from 1.66M Google Play reviewers.
| Compare | OFX (US) | Remitly |
|---|---|---|
| Verdict | Depends | Depends |
| Best for | Mid-sized recurring international transfers | Personal remittances to family abroad |
| Who it's not for | One-off small transfers - markup and fixed fees eat them | Large transfers . fee hikes and FX markup compound |
| Privacy | No known public vulnerabilities found in the sources reviewed.11 | Licensed and regulated with a public bug bounty; no public breaches found; one unverified user claim about PII collection over email. |
| Support quality | 24/7 agents; customer service repeatedly praised | Suspension and stuck-transfer complaints recur |
| Public sentiment | Reviewers rate OFX 4.3/5 with reliable 24/7 support, but some users report frozen funds and unexplained account closures.¹ | App-store users rate it highly, while Reddit and BBB threads surface fee hikes, transfer delays, and account suspensions.12 |
| Biggest gotcha | The 'no fee' pitch masks a 0.5-3.9% exchange-rate margin - the real cost² | Advertised low fees may not persist . one user's $2.49 fee became $25.4715 |
Pick OFX (US) when
- Mid-sized recurring international transfers
- SMBs paying overseas suppliers and invoices
- Senders who want 24/7 human phone support
- Businesses holding multiple currency balances
When OFX (US) is not a fit
- One-off small transfers - markup and fixed fees eat them
- Anyone needing same-day transfers
- Risk-averse users: reported freezes and closures without explanation
- Tiny budgets - Wise or Remitly fit better
Pick Remitly when
- Personal remittances to family abroad
- Small, frequent transfers on popular corridors
- First-time senders chasing promo rates
- Mobile-first senders
When Remitly is not a fit
- Large transfers . fee hikes and FX markup compound
- Businesses paying vendors or contractors
- Rate-sensitive senders better served by Wise
- Corridors Remitly doesn't support
Sources
- OFX USA Money Transfer Reviewfxcompared.comreview
- OFX fees guide (2024) - Wisewise.comreview
review
review
- OFX Read Customer Complaints and Reviews - Xolviesikayetvar.comreview
review
- Rates and Fees - OFX (US)ofx.comofficial
- Pricing - OFX (US) Businessofx.comofficial
- Fee Schedule - OFX (US)ofx.comofficial
- State Licensing - OFX (US)ofx.comofficial
- Security - OFX (US)ofx.comsecurity
- Trustpilot reviews of remitly.comtrustpilot.comreview
- Remitly on Google Playplay.google.comreview
- Remitly on G2g2.comreview
- Reddit: fee increased $2.49 to $25.47?reddit.comreview
- Reddit: Avoid Remitly at all costsreddit.comreview