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

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

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

OFX vs MoneyGram: 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 MoneyGram Visit MoneyGram

    Used By: 150000000
    Currencies Available: 46
    Transfer Fees: 1.99$
    Payment Methods: Bank transfer, debit/credit card, cash
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: $1.00
    Max Transfer: $10,000.00 (varies)
    Year Founded: 1940

OFX vs MoneyGram: Pros and Cons

OFX vs MoneyGram
Advantages

OFX Advantages MoneyGram 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.
  • MoneyGram has been in operation for over 84 years.
  • MoneyGram operates in numerous international countries.
  • MoneyGram offers an extensive range of currency options for money transfers.
  • MoneyGram provides phone support.
  • MoneyGram offers registered customers email support.
  • MoneyGram has a Apple iOS app on Apple app store.
  • MoneyGram offers a Android Google Play Store mobile app.

OFX vs MoneyGram
Disadvantages

OFX Disadvantages MoneyGram 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.
  • MoneyGram has no PayPal option.
  • MoneyGram has no Neteller option.
  • MoneyGram has no Skrill option.
  • No digital wallets with MoneyGram.
  • No MoneyGram home delivery.
  • No MoneyGram Cash pickups.
  • No MoneyGram money order option.
  • No MoneyGram Livechat.

OFX vs MoneyGram Fees and Other Costs

Fee type OFX Fees MoneyGram Fees
Transfer Fees 15 AUD below 10k AUD 1.99$
Min Transfer 1000 USD $1.00
Max Transfer none $10,000.00 (varies)
Payment Methods ETF, BPAY (Australia), Direct debits Bank transfer, debit/credit card, cash
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 AED, AUD, BND, CAD, CHF, CZK, DKK, EUR, FJD, HKD, HUF, IDR, ILS, INR, IRR, JPY, KRW, KWD, LKR, MAD, MXN, MYR, NGN, NZD, OMR, PEN, PGK, PHP, PKR, PLN, SAR, SCR, SDG, SEK, SGD, THB, TOP, TRY, TWD, USD, VND, VUV, WST, XOF, XPF, ZAR

OFX vs MoneyGram 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

MoneyGram Country Restrictions

North Korea

OFX vs MoneyGram Transfer Speeds

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

OFX vs MoneyGram Languages

OFX Supported Languages

MoneyGram Supported Languages

English, Spanish, French, Danish, German, Arabic, Czech, Hungarian, Indonesian, Italian, Japanese, Korean, Malaysian, Norwegian, Polish, Portuguese, Romanian, Russian, Thai, Turkish, Ukrainian, Chinese

OFX vs MoneyGram Verdict - Which is better?

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

  • OFX vs MoneyGram Transfer Fees: Transferring money with OFX costs 15 AUD below 10k AUD while MoneyGram charges 1.99$.
  • OFX vs MoneyGram Supported Currencies: OFX deals in over 1, where as MoneyGram offers transactions in 1.
  • OFX vs MoneyGram Payment Methods: OFX accepts ETF, BPAY (Australia), Direct debits, while MoneyGram allows transactions via Bank transfer, debit/credit card, cash.
  • OFX vs MoneyGram Transfer Limits: OFX allows transfers between 1000 USD and none. MoneyGram's range is $1.00 to $10,000.00 (varies).
  • OFX vs MoneyGram Minimum Age for Account Creation: OFX requires users to be at least 18 years old, where as MoneyGram has a minimum age requirement of 18.
  • Contact Number: You can reach OFX at +442076144194 and MoneyGram at 448457223344.
  • OFX vs MoneyGram Countries of Operation: OFX operates in over 1 countries but has restrictions in over 1 countries. MoneyGram serves 1 countries and restricts operations in 1 countries.
  • OFX vs MoneyGram Client Base: OFX is used by 1,000,000, where as MoneyGram serves 150,000,000.
  • OFX vs MoneyGram Year Founded: OFX was established in 1998 and MoneyGram began its operations in 1940.
  • OFX vs MoneyGram Customer Rating: OFX holds a rating of 3, in contrast, MoneyGram has a rating of 3.
  • OFX vs MoneyGram Headquarters: OFX has its headquarters at Sydney, Australia, while MoneyGram is based at Dallas, US.
  • OFX vs MoneyGram Employee Count: OFX employs 250 individuals, where as MoneyGram has a team of 2,300.
  • OFX vs MoneyGram Estimated Annual Turnover: OFX turnover stands at 8,000,000, while MoneyGram boasts a turnover of 900,000,000 USD.
  • OFX vs MoneyGram Founder: OFX was founded by Reuben Sorensen, holding the position of CEO & Co-Founder | OFX. On the other hand, MoneyGram was the brainchild of Alex Holmes, currently holding the position of Chairman & CEO.
  • OFX vs MoneyGram Supported Languages: OFX offers support in over 1 languages. MoneyGram communicates in 1.

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OFX vs MoneyGram Alternatives Guides

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Screenshots

OFX Screenshot

OFX Screenshot

MoneyGram Screenshot

OFX Screenshot