OFX vs Ria Money Transfer: Fees, Rates & Speed Compared
OFX
4.2OFX is a global money transfer service specializing in large transfers for individuals and businesses, offering competitive rates with no transfer fees.
Ria Money Transfer
4.1Ria Money Transfer is one of the largest money transfer companies in the world, offering transfers to 190+ countries via bank deposit, cash pickup, and mobile wallets.
OFX and Ria Money Transfer are both popular choices for international money transfers, but they take different approaches. OFX, founded in 1998 and headquartered in Sydney, Australia, is best known for large transfers and business payments. Ria Money Transfer, operating since 1987 from Buena Park, California, USA, focuses on cash pickup and global coverage. 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, Ria Money Transfer delivers ₨8621.61 more to the recipient.
In this comparison
Live comparison: OFX vs Ria Money Transfer across popular corridors
The table below shows how much the recipient receives when sending through OFX vs Ria Money Transfer on 6 popular corridors. Data is refreshed every 6 hours from provider APIs and websites.
| Corridor | OFX | Ria Money Transfer | Winner |
|---|---|---|---|
| USD → INR($1,000) | ₹91,374.47 | ₹94,842.66 | Ria Money Transfer (+₹3468.19) |
| GBP → EUR(£1,000) | €1,125.89 | €1,119.44 | OFX (+€6.45) |
| USD → PHP($500) | ₱28,227.88 | ₱30,390.26 | Ria Money Transfer (+₱2162.38) |
| USD → MXN($1,000) | MX$16,677.92 | MX$16,934.64 | Ria Money Transfer (+MX$256.72) |
| GBP → PKR(£500) | ₨180,127.88 | ₨188,749.49 | Ria Money Transfer (+₨8621.61) |
| USD → NGN($200) | — | ₦268,185.80 | N/A |
Amounts shown are what the recipient receives. Based on current scraped data, updated every 6 hours.
Key differences between OFX and Ria Money Transfer
OFX vs Ria Money Transfer: Feature comparison
| Feature | OFX | Ria Money Transfer |
|---|---|---|
| Overall rating | 4.2/5 (Good) | 4.1/5 (Good) |
| Fee structure | No transfer fees | $0-$8 depending on corridor and payment method |
| Exchange rate markup | 0.5% - 1.5% above mid-market | 0.5% - 3% above mid-market |
| Transfer speed | 1-3 business days | Minutes to 2 days |
| Supported countries | 190+ | 190+ |
| Supported currencies | 55+ | 50+ |
| Max transfer | No limit | $25,000 |
| Payment methods | Bank Transfer | Bank Transfer, Debit Card, Credit Card, Cash |
| Delivery methods | Bank Deposit | Bank Deposit, Cash Pickup, Mobile Wallet |
| Regulators | ASIC, FCA, FinCEN | FinCEN, FCA, ASIC |
| Founded | 1998 | 1987 |
Pros and cons
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
Ria Money Transfer
Pros
- Massive global network (500,000+ cash pickup locations)
- Competitive rates on popular corridors
- Cash pickup option in remote areas
Cons
- Rates vary significantly by corridor
- Exchange rate markup can be high for small amounts
- App experience less polished than Wise/Remitly
When to choose OFX vs Ria Money Transfer
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
Choose Ria Money Transfer if:
- You want the real mid-market exchange rate with no hidden markup
- Your recipient needs cash pickup instead of bank deposit
- You want zero transfer fees ($0-$8 depending on corridor and payment method)
- Speed is your top priority — transfers can arrive in minutes
Verdict: OFX or Ria Money Transfer?
Cost winner: Ria Money Transfer
Ria Money Transfer wins on cost in 4 of 6 corridors we tested. For example, on USD → INR ($1,000), the recipient gets ₹3468.19 more with Ria Money Transfer. Ria Money Transfer achieves this through transparent pricing with the real mid-market exchange rate.
Faster: Ria Money Transfer
Ria Money Transfer is generally faster, with transfers arriving in Minutes to 2 days, compared to 1-3 business days for OFX.
Coverage: Comparable reach
Both providers have comparable coverage. OFX supports 190+ countries and 55+ currencies, while Ria Money Transfer covers 190+ countries with 50+ currencies.
Bottom line
Overall, Ria Money Transfer edges ahead for most users thanks to transparent pricing with the real mid-market exchange rate. That said, OFX is the better pick if you need large transfers and business payments.
Frequently asked questions
Is OFX or Ria Money Transfer cheaper for international transfers?
Based on our data, Ria Money Transfer is generally cheaper across most corridors. Ria Money Transfer charges $0-$8 depending on corridor and payment method with a 0.5% - 3% above mid-market exchange rate markup, while OFX charges No transfer fees with a 0.5% - 1.5% above mid-market markup. For example, on a $1,000 USD → INR transfer, Ria Money Transfer delivers ₹3468.19 more. However, costs vary by corridor, so always compare for your specific route.
Which is faster, OFX or Ria Money Transfer?
OFX typically completes transfers in 1-3 business days, while Ria Money Transfer takes Minutes to 2 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 OFX and Ria Money Transfer safe to use?
Yes, both are regulated money transfer services. OFX is regulated by ASIC, FCA, FinCEN and has a 4.2/5 Trustpilot rating. Ria Money Transfer is regulated by FinCEN, FCA, ASIC with a 4.1/5 Trustpilot rating. Both companies are required to safeguard customer funds under their respective regulatory frameworks.
What are the transfer limits for OFX vs Ria Money Transfer?
OFX has a maximum transfer of no published upper limit (minimum $100), while Ria Money Transfer allows up to $25,000 (minimum $1). 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 OFX or Ria Money Transfer?
OFX offers Bank Deposit. Ria Money Transfer offers Bank Deposit, Cash Pickup, Mobile Wallet. Ria Money Transfer supports cash pickup for recipients without bank access.
Should I use OFX or Ria Money Transfer to send money internationally?
For most users, Ria Money Transfer offers better overall value thanks to transparent pricing with the real mid-market exchange rate. However, OFX is the better choice if you need large transfers and business payments. The best provider for you depends on your corridor, transfer size, and whether you need features like Mobile Wallet.