Dahabshiil vs OFX: Fees, Rates & Speed Compared
Dahabshiil
3.6Dahabshiil is the largest money transfer company in the Horn of Africa, serving the Somali diaspora and East African corridors with an extensive agent network.
OFX
4.2OFX is a global money transfer service specializing in large transfers for individuals and businesses, offering competitive rates with no transfer fees.
Dahabshiil and OFX are both popular choices for international money transfers, but they take different approaches. Dahabshiil, founded in 1970 and headquartered in Dubai, UAE / London, UK, is best known for remittances and mobile money. OFX, operating since 1998 from Sydney, Australia, focuses on large transfers and business payments. This comparison uses real transfer data collected from both providers across 6 popular corridors to show you exactly which one offers better value for your specific needs. Our data shows the difference can be significant — on a £500 GBP → PKR transfer, Dahabshiil delivers ₨6537.15 more to the recipient.
In this comparison
Live comparison: Dahabshiil vs OFX across popular corridors
The table below shows how much the recipient receives when sending through Dahabshiil vs OFX on 6 popular corridors. Data is refreshed every 6 hours from provider APIs and websites.
| Corridor | Dahabshiil | OFX | Winner |
|---|---|---|---|
| USD → INR($1,000) | — | ₹92,821.25 | N/A |
| GBP → EUR(£1,000) | €1,117.24 | €1,121.83 | OFX (+€4.59) |
| USD → PHP($500) | — | ₱28,682.17 | N/A |
| USD → MXN($1,000) | — | MX$16,859.63 | N/A |
| GBP → PKR(£500) | ₨187,012.62 | ₨180,475.47 | Dahabshiil (+₨6537.15) |
| USD → NGN($200) | — | — | N/A |
Amounts shown are what the recipient receives. Based on current scraped data, updated every 6 hours.
Key differences between Dahabshiil and OFX
Dahabshiil vs OFX: Feature comparison
| Feature | Dahabshiil | OFX |
|---|---|---|
| Overall rating | 3.6/5 (Good) | 4.2/5 (Good) |
| Fee structure | Varies by corridor ($3-$10 typical) | No transfer fees |
| Exchange rate markup | 1% - 4% above mid-market | 0.5% - 1.5% above mid-market |
| Transfer speed | Minutes to same day | 1-3 business days |
| Supported countries | 40+ | 190+ |
| Supported currencies | 15+ | 55+ |
| Max transfer | $10,000 | No limit |
| Payment methods | Bank Transfer, Cash, Debit Card | Bank Transfer |
| Delivery methods | Cash Pickup, Bank Deposit, Mobile Money | Bank Deposit |
| Regulators | FCA, Central Bank of UAE | ASIC, FCA, FinCEN |
| Founded | 1970 | 1998 |
Pros and cons
Dahabshiil
Pros
- Unmatched reach in Somalia and Horn of Africa
- 50+ years of operation
- Trusted by Somali diaspora worldwide
Cons
- Limited corridors outside Africa/Middle East
- Exchange rates less competitive than digital-first providers
- Less modern app experience
OFX
Pros
- No transfer fees on any amount
- Competitive rates for large transfers
- 24/7 customer support
- Forward contracts available
- Business solutions
Cons
- Higher minimum transfer ($100+)
- Only bank transfer payments accepted
- Rates less competitive for small amounts
When to choose Dahabshiil vs OFX
Choose Dahabshiil if:
- You want the real mid-market exchange rate with no hidden markup
- Your recipient needs cash pickup instead of bank deposit
- You want to send to a mobile money wallet (M-Pesa, GCash, etc.)
- Speed is your top priority — transfers can arrive in minutes
Choose OFX if:
- You want the real mid-market exchange rate with no hidden markup
- You need to transfer large sums (OFX has no upper limit)
- You want to lock in an exchange rate with a forward contract
- You need a business account for commercial payments
- You need wider country coverage (190+ vs 40+ countries)
Verdict: Dahabshiil or OFX?
Cost: Too close to call
Dahabshiil and OFX are closely matched on cost. Across our 6 sample corridors, neither provider consistently delivers more to the recipient. The best choice depends on your specific corridor.
Faster: Dahabshiil
Dahabshiil is generally faster, with transfers arriving in Minutes to same day, compared to 1-3 business days for OFX.
Wider coverage: OFX
OFX has broader coverage with 190+ countries and 55+ currencies. OFX also offers Bank Deposit.
Bottom line
Overall, OFX edges ahead for most users thanks to transparent pricing with the real mid-market exchange rate. That said, Dahabshiil is the better pick if you need remittances and mobile money.
Frequently asked questions
Is Dahabshiil or OFX cheaper for international transfers?
It depends on the corridor. Our data across 6 routes shows Dahabshiil and OFX are closely matched on total cost. Dahabshiil charges Varies by corridor ($3-$10 typical) with a 1% - 4% above mid-market exchange rate markup, while OFX charges No transfer fees with a 0.5% - 1.5% above mid-market markup. We recommend comparing rates for your specific transfer using our calculator.
Which is faster, Dahabshiil or OFX?
Dahabshiil typically completes transfers in Minutes to same day, while OFX takes 1-3 business days. Actual speed depends on the corridor, payment method, and delivery option you choose. Bank transfers tend to be slower than card-funded transfers, and bank deposits are generally faster than cash pickups.
Are Dahabshiil and OFX safe to use?
Yes, both are regulated money transfer services. Dahabshiil is regulated by FCA, Central Bank of UAE and has a 3.6/5 Trustpilot rating. OFX is regulated by ASIC, FCA, FinCEN with a 4.2/5 Trustpilot rating. Both companies are required to safeguard customer funds under their respective regulatory frameworks.
What are the transfer limits for Dahabshiil vs OFX?
Dahabshiil has a maximum transfer of $10,000 (minimum $10), while OFX allows up to no published upper limit (minimum $100). Limits may vary by corridor, account verification level, and payment method. New accounts typically start with lower limits that increase over time.
Can I get cash pickup with Dahabshiil or OFX?
Dahabshiil offers Cash Pickup, Bank Deposit, Mobile Money. OFX offers Bank Deposit. Dahabshiil supports cash pickup, which is useful when recipients don't have a bank account.
Should I use Dahabshiil or OFX to send money internationally?
For most users, OFX offers better overall value thanks to transparent pricing with the real mid-market exchange rate. However, Dahabshiil is the better choice if you need remittances and mobile money. The best provider for you depends on your corridor, transfer size, and whether you need features like Mobile Money.