If you’re based in Australia or New Zealand and looking for a reliable, cost-effective way to send money overseas, OrbitRemit and OFX are two of the most established options available. Both are regulated in Australia and New Zealand, both offer competitive alternatives to bank rates — but they are built for quite different types of senders.
This comparison covers what each provider actually offers in 2026, so you can make a clear, informed decision based on your transfer needs.
Quick Comparison: OrbitRemit vs OFX at a Glance
| Feature | OrbitRemit | OFX |
|---|---|---|
| Founded | 2008 | 1998 |
| Headquarters | Wellington, New Zealand | Sydney, Australia |
| Listed company | ❌ No | ✅ Yes — ASX listed (ticker: OFX) |
| Send from Australia | ✅ Yes | ✅ Yes |
| Send from New Zealand | ✅ Yes | ✅ Yes |
| Countries supported | 50+ | 170+ |
| Currencies supported | 25+ | 55+ |
| Minimum transfer | No minimum | AUD $250 |
| Fee structure | Flat fee per transfer | AUD $15 for transfers under AUD $10,000; fee-free above AUD $10,000 |
| Exchange rate | Competitive market rate | Variable margin (approx. 0.4%–2%) |
| Fee-free threshold | AUD/NZD $10,000+ | AUD $10,000+ |
| Delivery options | Bank deposit, mobile wallets (GCash, GrabPay, PayMaya, Coins.ph), cash pickup | Bank deposit only |
| Transfer speed | Minutes to same business day (method dependent) | 1–2 business days (some currencies 3–5 days) |
| Forward contracts | ❌ No | ✅ Yes — lock rate up to 12 months |
| Limit orders | ❌ No | ✅ Yes |
| 24/7 phone support | ❌ No | ✅ Yes |
| Dedicated account manager | ❌ No | ✅ Yes |
| Rewards programme | ❌ No | ❌ No |
| Trustpilot rating | Excellent — 33,000+ reviews, 4.8/5 | Excellent — 11,000+ reviews, 4.4/5 |
| Regulation (AU) | ASIC-regulated; AUSTRAC registered (AFSL: 470646) | ASIC-regulated (AFSL: 226484); ASX listed |
| Regulation (NZ) | DIA-supervised (FSP7721) | FMA-regulated (FSP8041) |
| Payment methods (AU) | Bank transfer, debit card, PayID, Apple Pay, Google Pay, POLi (NZ) | EFT, BPAY — credit cards not accepted |
| First transfer | Online — no phone call required | Phone verification required before first transfer |
| Mobile app | ✅ iOS & Android | ✅ iOS & Android |
| Business transfers | ✅ Yes | ✅ Yes — dedicated business platform |
About OrbitRemit
OrbitRemit was founded in 2008 and is headquartered in Wellington, New Zealand. It is one of the few international money transfer services genuinely home-grown to the Australia–New Zealand region, purpose-built to serve migrant communities sending money to family and friends across Asia-Pacific.
From Australia and New Zealand, OrbitRemit supports transfers to 50+ countries across South and Southeast Asia, the Pacific, and beyond. Its strongest corridors include the Philippines, India, Nepal, Vietnam, Sri Lanka, Bangladesh, Indonesia and Pakistan.
Regulation in Australia: OrbitRemit is regulated by ASIC and registered with AUSTRAC as a money remitter. AFSL number: 470646. AUSTRAC registration: 100439420.
Regulation in New Zealand: OrbitRemit is supervised by the Department of Internal Affairs (DIA) as a licensed money remitter. FSPR registration: FSP7721.
Source: orbitremit.com/about
About OFX
OFX was founded in 1998 in Sydney, Australia — originally as OzForex — making it one of the oldest and most established non-bank money transfer providers in the world. It has been publicly listed on the Australian Securities Exchange (ASX: OFX) since 2013, which makes it one of the few transfer providers subject to mandatory public financial disclosure.
OFX previously operated under regional brands including NZForex (New Zealand), UKForex, CanadianForex and USForex, before consolidating into a single global brand in 2015. It supports transfers to 170+ countries in 55+ currencies, and has processed over AUD $100 billion in transfers since 1998.
OFX is designed primarily for larger transfers — its fee structure, FX tools and dedicated account managers make it most competitive when moving AUD $10,000 or more.
Regulation in Australia: OFX (OzForex Limited) is regulated by ASIC with AFSL number 226484. It is ASX-listed, subject to mandatory public financial disclosure.
Regulation in New Zealand: NZForex Limited (trading as OFX) is registered on the Financial Service Providers Register (FSP8041) and regulated by the Financial Markets Authority (FMA) as a Derivatives Issuer.
Source: ofx.com/en-au/about-us | ofx.com/en-nz/legal/regulation
Fees and Exchange Rates
Understanding the true cost of a transfer means looking at both the transfer fee and the exchange rate applied — the total amount your recipient receives is what matters most.
OrbitRemit
OrbitRemit charges flat fees per transfer, shown upfront before you confirm. Fee amounts vary by destination country and delivery method.
- First transfer: $0 fee + promotional rate (new customers; terms apply)
- Transfers of AUD/NZD $10,000 or more: fee-free
- All other transfers: flat fee (typically AUD/NZD $0–$6 depending on corridor and delivery method)
OrbitRemit applies a competitive market rate to all transfers. The flat fee structure means costs don’t scale with transfer size — making OrbitRemit particularly competitive for mid-sized transfers where a percentage-based or high flat fee would otherwise be expensive.
Source: orbitremit.com
OFX
OFX charges a flat AUD $15 fee for transfers under AUD $10,000. Transfers of AUD $10,000 or more are fee-free.
However, OFX makes its margin through an exchange rate markup applied to all transfers, regardless of size. This markup ranges from approximately 0.4% to 2% depending on the transfer amount, currency pair and market conditions — larger transfers typically attract lower markups. The fee is embedded in the rate rather than charged separately, so it’s important to compare the total amount your recipient will receive, not just the headline fee.
OFX does not accept credit cards, cash or cheque. Payment from Australia is via bank transfer (EFT) or BPAY for personal transfers.
Important: OFX requires phone verification before your first transfer can be processed. You can register online, but an OFX representative will call you to complete identity verification before your account is activated. This process typically takes 1–4 business days, so it is worth opening an account before you urgently need to send.
Source: ofx.com/en-au/faqs/are-there-any-transfer-fees | finder.com.au — OFX review
Delivery Options
Delivery options are a significant differentiator between these two providers.
OrbitRemit
OrbitRemit supports multiple delivery methods across its corridors:
- Mobile wallets — GCash, PayMaya, GrabPay, Coins.ph (Philippines); supported in other corridors where available
- Bank deposit — to major banks in destination countries; typically same business day
- Cash pickup — 5,000+ locations in the Philippines; available in selected other corridors
OFX
OFX delivers exclusively via bank deposit. There is no mobile wallet delivery and no cash pickup available.
What this means in practice: If your recipient uses GCash, GrabPay, PayMaya or Coins.ph — or needs cash pickup access — OrbitRemit is the better fit. If your recipient has a bank account and you are moving a larger amount, OFX is a competitive option.
Transfer Speed
OrbitRemit
- Mobile wallet transfers (e.g. GCash to the Philippines): typically within minutes
- Cash pickup: typically within 1–2 hours
- Bank deposit: typically same business day
Source: orbitremit.com/philippines
OFX
OFX typically delivers bank deposits within 1–2 business days. Less common or exotic currency pairs may take 3–5 business days. OFX is a bank-to-bank service by design and does not offer instant or same-day delivery.
Source: ofx.com/en-au
FX Tools — A Key OFX Differentiator
One area where OFX stands out clearly is its suite of foreign exchange management tools, which OrbitRemit does not currently offer:
Forward contracts — Lock in an exchange rate for a future transfer, for up to 12 months. Useful if you need to make a large payment at a known future date (e.g. property settlement, overseas tuition payment) and want to protect against currency movement. OFX typically requires a minimum of AUD $10,000 for forward contracts.
Limit orders — Set a target exchange rate and OFX will automatically execute the transfer when that rate is reached. Useful if you’re not in a rush and want to maximise the rate you receive.
Regular payments — Schedule automated recurring transfers, useful for ongoing obligations like overseas mortgage payments or regular support payments to family.
These tools make OFX particularly well-suited for senders who need to manage currency risk on large or ongoing international payments — a use case that goes beyond typical remittance needs.
Source: finder.com.au — OFX review
Countries and Corridors
OrbitRemit
OrbitRemit supports 50+ destination countries with a focus on Asia-Pacific remittance corridors. Key destinations from Australia and New Zealand include:
Philippines, India, Nepal, Vietnam, Sri Lanka, Bangladesh, Indonesia, Pakistan, Fiji, Tonga, Samoa, the UK, Canada, and more.
Full destination list: orbitremit.com/destinations
OFX
OFX supports transfers to 170+ countries in 55+ currencies, with particular strength in major developed-market corridors including the US, UK, EU, Canada, Singapore, Hong Kong and Japan. Its coverage is broader than OrbitRemit’s, but OFX is less optimised for Asia-Pacific remittance corridors and does not support mobile wallet or cash delivery in countries like the Philippines.
Business Transfers
Both OrbitRemit and OFX support business accounts, but their offerings differ meaningfully.
OrbitRemit supports business transfers alongside personal transfers for selected corridors, with higher transfer limits for business accounts. Check orbitremit.com for the corridors where business transfers are currently available.
OFX has a dedicated business platform with a broader feature set including forward contracts, limit orders, multi-currency accounts, bulk payments (Multipay), and a dedicated account manager. OFX is ATO-approved for paying Australian tax obligations from overseas — one of only a small number of providers with this approval. It is well suited to businesses managing larger international payments or foreign exchange risk.
Sources: orbitremit.com | finder.com.au — OFX review
Customer Reviews
OrbitRemit holds a Trustpilot Excellent rating of 4.8/5 based on over 33,000 reviews. It also holds a ProductReview.com.au Top Rated badge for 2025 and 2026, and was awarded WeMoney Best for Value 2025.
OFX holds a Trustpilot Excellent rating of 4.4/5 based on around 11,000 reviews. Customers frequently highlight OFX’s competitive rates on large transfers and quality of customer service. Some reviews note delays during identity verification. On ProductReview.com.au, OFX holds a rating of 2.8 out of 5 based on over 349 reviews, where some customers mention frustration with compliance and verification requirements.
Sources: au.trustpilot.com/review/orbitremit.com | Finder AU — OFX review (data as of October 2025)
Which Provider Is Right for You?
OrbitRemit and OFX serve genuinely different sender profiles. Neither is universally “better” — the right choice depends on what you’re sending, where, how much, and how your recipient needs to receive it.
OrbitRemit may suit you if:
- You’re sending to Asia-Pacific corridors — Philippines, India, Nepal, Vietnam, Sri Lanka, Bangladesh and more
- Your recipient needs GCash, GrabPay, PayMaya or Coins.ph delivery
- Your recipient needs cash pickup
- You want flat, upfront fees that don’t scale with transfer size
- You’re sending smaller or mid-sized amounts where OFX’s $15 fee or exchange rate margin would be proportionally expensive
- You want a provider with ANZ roots and a strong local reputation
OFX may suit you if:
- You’re sending AUD $10,000 or more and want fee-free transfers with competitive exchange rate margins
- You need to send to countries outside OrbitRemit’s 50+ corridors — particularly major Western markets
- You want forward contracts or limit orders to manage currency risk
- You need a dedicated account manager for larger or more complex transfers
- You’re a business making regular large international payments or managing FX exposure
Always compare the total amount your recipient will receive — including both the fee and the exchange rate applied — before confirming any transfer.
Frequently Asked Questions
How long does it take to open an OFX account?
You can register online in minutes, but OFX requires phone verification before your first transfer. An OFX representative will call you to complete identity verification, which typically takes 1–4 business days. It is worth opening an account before you need to send urgently.
Can I send money from New Zealand with both OrbitRemit and OFX?
Yes. Both providers operate from New Zealand. OrbitRemit is DIA-supervised (FSP7721). OFX operates via its NZForex subsidiary, regulated by the FMA (FSP8041).
Does OFX have a minimum transfer amount?
Yes. OFX has a minimum transfer of AUD $250 for Australian users. OrbitRemit has no stated minimum transfer amount.
Which is cheaper for small transfers — OrbitRemit or OFX?
For transfers under AUD $10,000, OFX charges a flat AUD $15 fee plus an exchange rate margin. OrbitRemit charges a lower flat fee (typically AUD $0–$6 depending on corridor) with no percentage markup. For smaller amounts, OrbitRemit is generally the more cost-effective option. Always use each provider’s calculator to compare the exact amount your recipient will receive.
Which is better for sending money to GCash in the Philippines?
OrbitRemit supports direct GCash transfers from Australia and New Zealand. OFX does not support GCash or any mobile wallet delivery. For GCash transfers, OrbitRemit is the better option.
Is OFX safe to use?
Yes. OFX is regulated by ASIC in Australia (AFSL: 226484), listed on the Australian Securities Exchange, and regulated in multiple jurisdictions globally. Customer funds are held in segregated accounts.
Is OrbitRemit safe to use?
Yes. OrbitRemit is regulated by ASIC in Australia (AFSL: 470646), registered with AUSTRAC, and supervised by the DIA in New Zealand. Customer funds are held in segregated client accounts in accordance with regulatory requirements.
Sources: orbitremit.com | ofx.com/en-au | finder.com.au — OFX review
Send Money from Australia or New Zealand with OrbitRemit
OrbitRemit has been helping Australians and New Zealanders send money overseas since 2008. With transparent flat fees, multiple delivery options including GCash and cash pickup, fee-free transfers above AUD/NZD $10,000, and a Trustpilot Excellent rating from over 33,000 reviews, OrbitRemit is a trusted choice for the Asia-Pacific corridors that matter most.
- Regulated by ASIC in Australia | DIA-supervised in New Zealand
- Flat fees shown upfront before you confirm
- Mobile wallets, bank deposit and cash pickup supported
- Rated Excellent on Trustpilot from over 33,000 reviews — 4.8/5
- WeMoney Best for Value 2025 and WeMoney Excellent Rates & Fees 2025 | ProductReview.com.au Top Rated Money Transfer Services 2025 & 2026
Rates, fees and product features are subject to change. Always verify current terms directly with each provider before making a transfer. This post was last updated May 2026.
Sources: orbitremit.com | ofx.com/en-au | ofx.com/en-nz/legal/regulation | finder.com.au — OFX review | ofx.com/en-au/faqs/are-there-any-transfer-fees
