OFX vs Ria Money Transfer
Which provider is better for sending money from the USA to India? Compare fees, exchange rate margins, delivery speed and what your recipient actually receives.
The bottom line: sending $1,000 from the USA, Ria Money Transfer delivers ₹94,888 and OFX ₹91,317, so your recipient gets ₹3,571 more with Ria Money Transfer. OFX charges no fee with a margin of about 4.10% in its rate, paid by bank transfer; Ria Money Transfer charges a $0.99 fee with a margin of about 0.35% in its rate, paid by ACH bank debit.
Quick verdict
Choose OFX if you want…
- Transfers over $2,000 & dedicated telephone dealer support
- $0 transfer fees on transactions over $1,000
- 24/7 access to telephone currency dealers and forward contract options
- Minimum transfer size of $150; not intended for micro-remittances
Choose Ria Money Transfer if you want…
- Cash collection & promotional intro exchange rates
- Thousands of cash pickup locations across India through post offices and agents
- Direct deposit to Indian bank accounts via IMPS and UPI
- Standard rates include an exchange rate margin (about 0.35% online from the US), with higher costs at agent locations
What your recipient gets at each amount
Indicative net rupee payouts for USD → INR transfers, based on published fee schedules and benchmark snapshots.
Score breakdown, side by side
Each provider's TransferGauge Score across the seven weighted dimensions. How we score
Side-by-side details
| Metric | OFX OFX | RIA Ria Money Transfer |
|---|---|---|
| Exchange rate model | Retail rate, +4.10% margin | Retail rate, +0.35% margin |
| Transfer fees | OFX charges $0 transfer fees for amounts over $1,000. Revenue is earned through the exchange rate margin: its public US customer rates were about 4.1% below mid-market at $1,000, 3.6% at $5,000 and 3.4% at $10,000. Registered and high-value customers can negotiate better rates. | Online transfers from the US cost $0.99 paid from a bank account or $7.99 by debit card, and first transfers are often free. Exchange rates include a margin that varies by payment speed and delivery channel. |
| Typical delivery | Transfers typically take 1 to 2 business days as funds move through domestic banking clearing systems. | Cash pickup and debit card transfers arrive within 15 minutes. Bank transfers clear in 2 to 3 business days. |
| Receiving methods | Bank accountUPI (not supported)Cash pickup (not supported) | Bank accountUPICash pickup |
| Routes to India | 4 corridors | 1 corridor |
| Headquarters | Sydney, AustraliaFounded 1998 | Buena Park, CA, USAFounded 1987 |
| Full review | Read OFX review | Read Ria Money Transfer review |
Summary advice
On our $1,000 USD → INR benchmark, Ria Money Transfer earns the higher TransferGauge Score (94 vs 65). The better choice still depends on your amount, how your recipient wants to be paid, and how quickly the money needs to arrive.
All figures are indicative benchmarks. Always verify live rates, fees and delivery options on the provider's website before sending money.
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