OFX vs WorldRemit
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, WorldRemit delivers ₹94,651 and OFX ₹91,052, so your recipient gets ₹3,599 more with WorldRemit. OFX charges no fee with a margin of about 4.10% in its rate, paid by bank transfer; WorldRemit charges a $0.99 fee with a margin of about 0.31% in its rate, paid by debit card.
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 WorldRemit if you want…
- Small to mid-size digital sends & mobile app usability
- Straightforward mobile app with transparent upfront fee display
- Multiple delivery rails: direct Indian bank deposit, UPI, and cash pickup
- Exchange rates include an FX spread (about 0.3% from the US, higher on some corridors and payment methods)
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 | WR WorldRemit |
|---|---|---|
| Exchange rate model | Retail rate, +4.10% margin | Retail rate, +0.31% 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. | Fees depend on the payment and delivery method; a US bank deposit to India costs $0.99. An exchange rate margin (about 0.3% from the US) is included in the conversion rate. |
| Typical delivery | Transfers typically take 1 to 2 business days as funds move through domestic banking clearing systems. | Transfers via UPI or debit card settle in 10 to 20 minutes. Bank account debits arrive in 1 to 2 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 | London, United KingdomFounded 2010 |
| Full review | Read OFX review | Read WorldRemit review |
Summary advice
On our $1,000 USD → INR benchmark, WorldRemit 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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