OFX vs Wise Comparison

OFX, established in 1998, has grown into a global financial services provider, renowned for its extensive network of international offices and a strong focus on large transactions and business services.

Wise, launched in 2011, revolutionized the market with its transparent fee structure and user-friendly platform, quickly becoming a favorite for individuals and small businesses seeking cost-effective and straightforward international money transfers.

Both companies have garnered impressive customer feedback for their reliable and competitive services.

This article aims to compare OFX and Wise, highlighting their strengths, services, and ideal use cases to help you decide which is best suited for your international money transfer needs.


Company NameOFXWise
Logowise new logo
OFX ReviewWise Review
Customer rating4.3/54.2/5
# Rating Customers6,400+195,000+
Top 3 Pros
  • Global Offices with Local Presence
  • 24/7 Customer Support
  • Great Client Feedback
  • Transparent exchange rates/fees
  • Multi-currency account and card
  • Highly rated app
Top 3 Cons
  • Less Tech-Savvy
  • Outdated Look
  • Customer Support Can Be Slow
  • Not optimal for large transfers
  • Exchange rate fees increased over years
  • Accounts frozen without warning


Company NameOFXWise
Logowise new logo
Office locations10 global officesMultiple offices across 4 continents
# Currencies55+50+


Company NameOFXWise
Logowise new logo
Regulated byFCA, ASIC, FinCEN, FINTRACFCA, ASIC, FinCEN, and others
HTTPS SecuredYesYes
Segregated Customer AccountsYesYes

Limits and Fees

Company NameOFXWise
Logowise new logo
Min transferΒ£100 or equivalentΒ£1/€1/$1
Max transferNo limit$1,000,000
Fixed feesNo fixed feesVaries by route
See rates before you log in?YesYes

Customer Support

Company NameOFXWise
Logowise new logo
Dedicated DealerYesNo
Live ChatNoNo

Ways to Transfer

Company NameOFXWise
Logowise new logo
Online SystemYesYes
Online AppYesYes
Multi-Currency AccountYesYes
Cash PickupNoNo
Card Top-UpNot specifiedYes

Additional Functions

Company NameOFXWise
Logowise new logo
Mass paymentsYesNo
Cash chequesNoNo
Multi-Currency Debit CardNoYes


On MoneyTransferComparison, OFX has received a higher editorial score compared to Wise. The advantages of OFX over Wise are these:

  • OFX offers dedicated dealer support, which is crucial for personalized service and guidance on large transfers.
  • It has a broader global office presence, ensuring local expertise and support in more regions.
  • Provides more comprehensive services for business clients, including hedging and advanced currency solutions.

OFX is better suited for businesses and individuals making large transfers who might benefit from personalized service and advice. It’s also a strong choice for those needing to make complex transactions, such as hedging against currency fluctuations.

Wise, on the other hand, is better for individuals and small businesses looking for straightforward, low-cost transfers and those who will benefit from a multi-currency account and debit card for international spending. Its transparent fee structure and ease of use make it ideal for smaller, frequent transfers and for those managing money across multiple currencies.