OFX vs TransferGo
OFX
ofx.com
TransferGo
transfergo.comSide by side
| Figure | OFX | TransferGo |
|---|---|---|
| Price from | Free | Free |
| Free plan | Yes | Yes |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | — |
| iOS | Yes | Yes |
| Android | Yes | Yes |
| Plans published | 1 | 8 |
| Spec score · Money Transfer Apps | 8.8 (#11) | 8.8 (#9) |
| Exchange-rate model | markup | markup |
| Upfront fee display | Yes | Yes |
| Headquarters | Sydney, Australia | London, United Kingdom; Vilnius, Lithuania |
| Mobile platforms | both | The app is available for iOS, Android and Huawei. |
| Recipient methods | bank | Transfer options include card-to-card payments, e-wallets and cash transfers. |
| Transfer speed | 1_3_days | Transfers can be delivered in minutes, instantly, within an hour or next business day depending on method. |
| Transfer tracking | Yes | Yes |
Plans
TransferGo
- Free multicurrency accountPrice not published
- International bank-account transferPrice not published
- International card transferPrice not published
- Currency exchangePriced on request
- Multi-currency accountFree
- Transfers to bank accountsPriced on request
- Transfers to cardsPriced on request
- Virtual GoCardFree
In their own words
OFX
OFX provides business accounts and international payments, with web, iOS, and Android access. Its Global Business Account can be registered for free and has no minimum balance requirement. Businesses can pay, hold, and receive money in more than 30 currencies, and business payments are available in 30+ currencies to 170+ countries. CAD, USD, GBP, and EUR accounts include local bank details. OFX also offers corporate cards with spend limits and merchant-category controls; card expenses can be tracked in real time. Control Hub provides approvals, budgets, workflows, and user access rights. The service integrates directly with Xero and QuickBooks Online, and its Xero connection supports real-time, two-way synchronization. OFX lists bank transfers, a typical transfer speed of 1–3 days, an exchange-rate markup, upfront fee display, transfer tracking, and scheduled transfers. The Business App supports financial operations on the go, while the Money Transfer App provides rates, payments, and transfer tracking. OFX offers phone and email support from human specialists 24/7 and is headquartered in Sydney, Australia.
TransferGo
TransferGo is a mobile service for international transfers and multi-currency balances, with transfers available to over 160 countries. Recipients can receive money through bank accounts, payment cards, e-wallets, and cash transfers. TransferGo lists instant transfer speed, while its plan details also state next-business-day delivery for bank-account transfers. Bank transfers start from 0.2%, and card transfers start from 0.2% with possible third-party fees. Currency exchange starts at 0.5%, or 0.2% for exchanges within the account. The multi-currency account has no setup or monthly costs and supports GBP, EUR, PLN, and RON balances. Users can see fees upfront and track transfers. Registration can be completed online on a computer as well as through the Android and iOS apps. TransferGo says it uses end-to-end encryption and safeguards transfers so money can be returned if a transfer fails. It is regulated under EU and UK law and authorised by the FCA as an EMI. Customer service is available in English and nine other languages.