Revolut vs OFX: Fees, Rates & Speed Compared
Revolut
4.4Revolut is a digital banking app offering international money transfers at interbank rates during market hours, along with a full suite of financial services.
OFX
4.4OFX is a global money transfer service specializing in large transfers for individuals and businesses, offering competitive rates with no transfer fees.
Revolut and OFX are both popular choices for international money transfers, but they take different approaches. Revolut, founded in 2015 and headquartered in London, UK, is best known for transparent, low-cost transfers. 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 $1,000 USD → INR transfer, Revolut delivers ₹2016.00 more to the recipient.
In this comparison
Live comparison: Revolut vs OFX across popular corridors
The table below shows how much the recipient receives when sending through Revolut vs OFX on 6 popular corridors. Data is refreshed every 6 hours from provider APIs and websites.
| Corridor | Revolut | OFX | Winner |
|---|---|---|---|
| USD → INR($1,000) | ₹92,841.83 | ₹90,825.83 | Revolut (+₹2016.00) |
| GBP → EUR(£1,000) | €1,126.24 | €1,121.36 | Revolut (+€4.88) |
| USD → PHP($500) | — | ₱28,533.99 | N/A |
| USD → MXN($1,000) | MX$17,067.83 | MX$16,837.46 | Revolut (+MX$230.37) |
| GBP → PKR(£500) | — | — | N/A |
| USD → NGN($200) | — | — | N/A |
Amounts shown are what the recipient receives. Based on current scraped data, updated every 6 hours.
Key differences between Revolut and OFX
Revolut vs OFX: Feature comparison
| Feature | Revolut | OFX |
|---|---|---|
| Overall rating | 4.4/5 (Excellent) | 4.4/5 (Excellent) |
| Fee structure | Free up to £1,000/month, then 0.5% | No transfer fees |
| Exchange rate markup | 0% weekdays, 0.5-1% weekends | 0.5% - 1.5% above mid-market |
| Transfer speed | Instant to 3 days | 1-3 business days |
| Supported countries | 150+ | 190+ |
| Supported currencies | 36+ | 55+ |
| Max transfer | No limit | No limit |
| Payment methods | Bank Transfer, Debit Card, Revolut Balance | Bank Transfer |
| Delivery methods | Bank Deposit, Revolut Account | Bank Deposit |
| Regulators | FCA, ECB, FinCEN | ASIC, FCA, FinCEN |
| Founded | 2015 | 1998 |
Pros and cons
Revolut
Pros
- Interbank rates during market hours
- Free transfers between Revolut users
- Multi-currency account
- Virtual and physical cards
- Crypto and stock trading available
Cons
- Weekend markup of 0.5-1%
- Free tier has monthly limits
- Customer support can be slow
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 Revolut vs OFX
Choose Revolut if:
- You want the real mid-market exchange rate with no hidden markup
- You need a multi-currency account to hold and convert balances
- Revolut's strengths (Bank Deposit, Revolut Account) match your needs
Choose OFX if:
- You want the real mid-market exchange rate with no hidden markup
- You want to lock in an exchange rate with a forward contract
- You need a business account for commercial payments
Verdict: Revolut or OFX?
Cost winner: Revolut
Revolut wins on cost in 3 of 6 corridors we tested. For example, on USD → INR ($1,000), the recipient gets ₹2016.00 more with Revolut. Revolut achieves this through transparent pricing with the real mid-market exchange rate.
Faster: Revolut
Revolut is generally faster, with transfers arriving in Instant to 3 days, 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, Revolut 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 Revolut or OFX cheaper for international transfers?
Based on our data, Revolut is generally cheaper across most corridors. Revolut charges Free up to £1,000/month, then 0.5% with a 0% weekdays, 0.5-1% weekends 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, Revolut delivers ₹2016.00 more. However, costs vary by corridor, so always compare for your specific route.
Which is faster, Revolut or OFX?
Revolut typically completes transfers in Instant to 3 days, 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 Revolut and OFX safe to use?
Yes, both are regulated money transfer services. Revolut is regulated by FCA, ECB, FinCEN and has a 4.4/5 Trustpilot rating. OFX is regulated by ASIC, FCA, FinCEN with a 4.4/5 Trustpilot rating. Both companies are required to safeguard customer funds under their respective regulatory frameworks.
What are the transfer limits for Revolut vs OFX?
Revolut has a maximum transfer of no published upper limit (minimum $1), 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 Revolut or OFX?
Revolut offers Bank Deposit, Revolut Account. OFX offers Bank Deposit. Neither provider offers cash pickup — both deliver to bank accounts only.
Should I use Revolut or OFX to send money internationally?
For most users, Revolut 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 Revolut Account.