OFX
7.0#44 in money transfer appsAndroidiOSWeb
VisitOFX vs Wise
What both publish
| Fact | OFX | Wise |
|---|---|---|
| Exchange-rate model | markup | mid_market |
| Headquarters | Sydney, Australia | London, United Kingdom |
| Mobile platforms | both | The Wise app is available for iOS through the Apple App Store and for Android through Google Play. |
| Recipient methods | bank | bank |
| Regulatory status | OzForex Limited trading as OFX is regulated by ASIC and is an AFCA member. | Wise says it is licensed in most states and regulated by authorities worldwide. |
| Scheduled transfers | Yes | Yes |
| Transfer speed | 1_3_days | On many popular routes, transfers can arrive within one day, the same day, or instantly. |
| Transfer tracking | Yes | The app shows the list and current status of transfers users have set up. |
| Upfront fee display | Yes | Yes |
OFX plans
- Global Business AccountFree
Wise plans
- Wise personal account and transfersFree
Pick OFX if…
OFX may suit businesses that send or receive international payments and need multi-currency balances, local bank details, or corporate spending controls. It also fits businesses using Xero or QuickBooks Online.
Pick Wise if…
Wise suits people sending money to overseas bank accounts or receiving payments from abroad. It may also suit users who want to track or schedule transfers and receive exchange-rate alerts.