OFX vs Monese - Who is better? [UPDATED 2024]

When it comes to sending money across borders, we tested options like OFX and Monese have emerged as leading choices. Both OFX and Monese online platforms offer efficient and cost-effective and secure international money transfers from OFX and Monese.

We compare OFX vs Monese into the unique features and benefits that distinguish OFX vs Monese, empowering you to make an informed decision based on your specific transfer needs like OFX vs Monese fees, currencies available, available payment methods on OFX compared to Monese, support options offered by OFX vs Monese, speed and more.

OFX vs Monese: Quick Feature Comparison

  1. Visit OFX alternative OFX Visit OFX

    Used By: 1000000
    Currencies Available: 54
    Transfer Fees: 15 AUD below 10k AUD
    Payment Methods: ETF, BPAY (Australia), Direct debits
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: 1000 USD
    Max Transfer: none
    Year Founded: 1998

  2. Visit OFX alternative Monese Visit Monese

    Used By: 2200000
    Currencies Available: 3
    Transfer Fees: none
    Payment Methods: Google pay
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: none
    Max Transfer: 50000 EUR
    Year Founded: 2015

OFX vs Monese: Pros and Cons

OFX vs Monese
Advantages

OFX Advantages Monese Advantages
  • OFX has been serving clients for over 26 years
  • OFX is available internationally.
  • OFX has multiple currency options.
  • OFX provides phone customer support.
  • OFX provides email customer support.
  • OFX is available to iOS Apple device users.
  • OFX is available to Android mobile device users.
  • Monese operates in numerous international countries.
  • Monese offers registered customers email support.
  • Monese has a Apple iOS app on Apple app store.
  • Monese offers a Android Google Play Store mobile app.

OFX vs Monese
Disadvantages

OFX Disadvantages Monese Disadvantages
  • OFX has no PayPal support.
  • OFX has no Neteller payments support.
  • OFX has no Skrill payment support.
  • OFX does have a mobile digital wallet like some others.
  • No home delivery with OFX.
  • No cash pickups with OFX.
  • No money order support with OFX.
  • No live chat support with OFX.
  • Monese has no PayPal option.
  • Monese has no Neteller option.
  • Monese has no Skrill option.
  • Monese has few fiat currency then some others.
  • No digital wallets with Monese.
  • No Monese home delivery.
  • No Monese Cash pickups.
  • No Monese money order option.
  • No Monese Livechat.
  • No Monese telephone customer support.

OFX vs Monese Fees and Other Costs

Fee type OFX Fees Monese Fees
Transfer Fees 15 AUD below 10k AUD none
Min Transfer 1000 USD none
Max Transfer none 50000 EUR
Payment Methods ETF, BPAY (Australia), Direct debits Google pay
Currencies AED, AUD, CAD, CHF, CZK, DKK, EUR, GBP, HKD, JPY, NOK, NZD, PLN, SEK, SGD, USD, ZAR, AZN, BGN, BHD, BND, CNY*, EGP, FJD, HUF, IDR, ILS, INR, KRW, KWD, LKR, MAD, MGA, MXN, MYR, OMR, PEN, PGK, PHP, PKR, RUB, SAR, SBD, SCR, TOP, THB, TRY, TWD, TZS, VND, VUV, WST, XOF, XPF GBP, EUR, RON

OFX vs Monese Restricted Countries

OFX Country Restrictions

Afghanistan, Aland Islands, American Samoa, Angola, Anguilla, Antarctica, Antigua and Barbuda, Barbados, Belize, Benin, Bhutan, Bonaire (including Sint Eustatius and Saba), Bouvet Island, British Indian Ocean Territory, Burkina Faso, Burundi, Cape Verde, Central African Republic, Chad, Cocos (Keeling) Islands, Comoros, Congo, Democratic Republic of, Congo, Republic of, Cook Islands, Crimea, Cuba, Curacao, Djibouti, Equatorial Guinea, Eritrea, Faroe Islands, Fiji, French Guyana, French Polynesia, French Southern Territories, Gabon, Gambia, Greenland, Grenada, Guadeloupe, Guinea, Guinea-Bissau, Guyana, Haiti, Heard Island and Mcdonald Islands, Holy See (Vatican City State), Iran, Iraq, Ivory Coast (Cote d'Ivoire), Japan, Kiribati, Kosovo, Kyrgyzstan, Lao People’s Democratic Republic, Lebanon, Liberia, Libya, Macao, Mali, Marshall Islands, Martinique, Mauritania, Mayotte, Micronesia, Federated States of, Montserrat, Myanmar, Namibia, Nauru, New Caledonia, Niger, Niue, Norfolk Island, North Korea, Northern Mariana Islands, Palau, Palestinian Territory, Papua New Guinea, Reunion, Pitcairn, Rwanda, Saint Barthelemy, Saint Helena, Saint Kitts and Nevis, Saint Lucia, Saint Martin, Saint Pierre and Miquelon, Saint Vincent and the Grenadines, Sao Tome e Principe, Seychelles, Sierra Leone, Sint Maarten, Solomon Islands, Somalia, South Georgia and the South Sandwich Islands, Sudan (North and South), Suriname, Svalbard and Jan Mayen, Syria, Tajikistan, Timor-Leste, Togo, Tokelau, Tonga, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Vanuatu, Venezuela, Wallis and Futuna, Western Sahara, Western Samoa, Yemen, Zimbabwe, Crimea, Cuba, Iran, Libya, North Korea, South Sudan, Sudan, Syria

Monese Country Restrictions

Afghanistan, Aland Islands, American Samoa, Angola, Anguilla, Antarctica, Antigua and Barbuda, Barbados, Belize, Benin, Bhutan, Bonaire (including Sint Eustatius and Saba), Bouvet Island, British Indian Ocean Territory, Burkina Faso, Burundi, Cape Verde, Central African Republic, Chad, Cocos (Keeling) Islands, Comoros, Congo, Democratic Republic of, Congo, Republic of, Cook Islands, Crimea, Cuba, Curacao, Djibouti, Equatorial Guinea, Eritrea, Faroe Islands, Fiji, French Guyana, French Polynesia, French Southern Territories, Gabon, Gambia, Greenland, Grenada, Guadeloupe, Guinea, Guinea-Bissau, Guyana, Haiti, Heard Island and Mcdonald Islands, Holy See (Vatican City State), Iran, Iraq, Ivory Coast (Cote d'Ivoire), Japan, Kiribati, Kosovo, Kyrgyzstan, Lao People’s Democratic Republic, Lebanon, Liberia, Libya, Macao, Mali, Marshall Islands, Martinique, Mauritania, Mayotte, Micronesia, Federated States of, Montserrat, Myanmar, Namibia, Nauru, New Caledonia, Niger, Niue, Norfolk Island, North Korea, Northern Mariana Islands, Palau, Palestinian Territory, Papua New Guinea, Reunion, Pitcairn, Rwanda, Saint Barthelemy, Saint Helena, Saint Kitts and Nevis, Saint Lucia, Saint Martin, Saint Pierre and Miquelon, Saint Vincent and the Grenadines, Sao Tome e Principe, Seychelles, Sierra Leone, Sint Maarten, Solomon Islands, Somalia, South Georgia and the South Sandwich Islands, Sudan (North and South), Suriname, Svalbard and Jan Mayen, Syria, Tajikistan, Timor-Leste, Togo, Tokelau, Tonga, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Vanuatu, Venezuela, Wallis and Futuna, Western Sahara, Western Samoa, Yemen, Zimbabwe, Crimea, Cuba, Iran, Libya, North Korea, South Sudan, Sudan, Syria

OFX vs Monese Transfer Speeds

Transfer Speed OFX Monese
Account Opening 1-3 days 1-3 days
Money Transfer Speed 1-10 days 1-10 days

OFX vs Monese Languages

OFX Supported Languages

Monese Supported Languages

OFX vs Monese Verdict - Which is better?

Which is best out of OFX and Monese depends on your needs.

  • OFX vs Monese Transfer Fees: Transferring money with OFX costs 15 AUD below 10k AUD while Monese charges none.
  • OFX vs Monese Supported Currencies: OFX deals in over 1, where as Monese offers transactions in 1.
  • OFX vs Monese Payment Methods: OFX accepts ETF, BPAY (Australia), Direct debits, while Monese allows transactions via Google pay.
  • OFX vs Monese Transfer Limits: OFX allows transfers between 1000 USD and none. Monese's range is none to 50000 EUR.
  • OFX vs Monese Minimum Age for Account Creation: OFX requires users to be at least 18 years old, where as Monese has a minimum age requirement of 18.
  • Contact Number: You can reach OFX at +442076144194 and Monese at .
  • OFX vs Monese Countries of Operation: OFX operates in over 1 countries but has restrictions in over 1 countries. Monese serves 1 countries and restricts operations in 1 countries.
  • OFX vs Monese Client Base: OFX is used by 1,000,000, where as Monese serves 2,200,000.
  • OFX vs Monese Year Founded: OFX was established in 1998 and Monese began its operations in 2015.
  • OFX vs Monese Customer Rating: OFX holds a rating of 3, in contrast, Monese has a rating of 3.
  • OFX vs Monese Headquarters: OFX has its headquarters at Sydney, Australia, while Monese is based at London, UK.
  • OFX vs Monese Employee Count: OFX employs 250 individuals, where as Monese has a team of 299.
  • OFX vs Monese Estimated Annual Turnover: OFX turnover stands at 8,000,000, while Monese boasts a turnover of 62800000.
  • OFX vs Monese Founder: OFX was founded by Reuben Sorensen, holding the position of CEO & Co-Founder | OFX. On the other hand, Monese was the brainchild of Norris Koppel, currently holding the position of CEO.
  • OFX vs Monese Supported Languages: OFX offers support in over 1 languages. Monese communicates in 1.

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OFX vs Monese Alternatives Guides

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Screenshots

OFX Screenshot

OFX Screenshot

Monese Screenshot

OFX Screenshot