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

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

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

OFX vs Xoom: 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 Xoom Visit Xoom

    Used By: 250000000
    Currencies Available: 4
    Transfer Fees: 0$-40$
    Payment Methods: Bank transfer, debit/credit card, PayPal balance
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: US$10.00
    Max Transfer: 2999 USD/day, 6000 USD/month, 9999 USD/3 months
    Year Founded: 2001

OFX vs Xoom: Pros and Cons

OFX vs Xoom
Advantages

OFX Advantages Xoom 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.
  • Xoom has been in operation for over 23 years.
  • Xoom operates in numerous international countries.
  • Xoom offers home delivery services for money transfers.
  • Xoom allows cash pickups for money transfers.
  • Xoom provides phone support.
  • Xoom offers registered customers email support.
  • Xoom has a Apple iOS app on Apple app store.
  • Xoom offers a Android Google Play Store mobile app.

OFX vs Xoom
Disadvantages

OFX Disadvantages Xoom 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.
  • Xoom has no Neteller option.
  • Xoom has no Skrill option.
  • Xoom has few fiat currency then some others.
  • No digital wallets with Xoom.
  • No Xoom money order option.
  • No Xoom Livechat.

OFX vs Xoom Fees and Other Costs

Fee type OFX Fees Xoom Fees
Transfer Fees 15 AUD below 10k AUD 0$-40$
Min Transfer 1000 USD US$10.00
Max Transfer none 2999 USD/day, 6000 USD/month, 9999 USD/3 months
Payment Methods ETF, BPAY (Australia), Direct debits Bank transfer, debit/credit card, PayPal balance
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 EUR, GBP, USD, CAD

OFX vs Xoom 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

Xoom 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 Xoom Transfer Speeds

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

OFX vs Xoom Languages

OFX Supported Languages

Xoom Supported Languages

English, Spanish, French, German, Hungarian, Italian, Korean, Polish, Portuguese, Romanian, Russian, Chinese, Vietnamese, Dutch

OFX vs Xoom Verdict - Which is better?

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

  • OFX vs Xoom Transfer Fees: Transferring money with OFX costs 15 AUD below 10k AUD while Xoom charges 0$-40$.
  • OFX vs Xoom Supported Currencies: OFX deals in over 1, where as Xoom offers transactions in 1.
  • OFX vs Xoom Payment Methods: OFX accepts ETF, BPAY (Australia), Direct debits, while Xoom allows transactions via Bank transfer, debit/credit card, PayPal balance.
  • OFX vs Xoom Transfer Limits: OFX allows transfers between 1000 USD and none. Xoom's range is US$10.00 to 2999 USD/day, 6000 USD/month, 9999 USD/3 months.
  • OFX vs Xoom Minimum Age for Account Creation: OFX requires users to be at least 18 years old, where as Xoom has a minimum age requirement of 18.
  • Contact Number: You can reach OFX at +442076144194 and Xoom at +441392694030.
  • OFX vs Xoom Countries of Operation: OFX operates in over 1 countries but has restrictions in over 1 countries. Xoom serves 1 countries and restricts operations in 1 countries.
  • OFX vs Xoom Client Base: OFX is used by 1,000,000, where as Xoom serves 250,000,000.
  • OFX vs Xoom Year Founded: OFX was established in 1998 and Xoom began its operations in 2001.
  • OFX vs Xoom Customer Rating: OFX holds a rating of 3, in contrast, Xoom has a rating of 3.
  • OFX vs Xoom Headquarters: OFX has its headquarters at Sydney, Australia, while Xoom is based at San Francisco, US.
  • OFX vs Xoom Employee Count: OFX employs 250 individuals, where as Xoom has a team of 4,422.
  • OFX vs Xoom Estimated Annual Turnover: OFX turnover stands at 8,000,000, while Xoom boasts a turnover of 500000000.
  • OFX vs Xoom Founder: OFX was founded by Reuben Sorensen, holding the position of CEO & Co-Founder | OFX. On the other hand, Xoom was the brainchild of Jennifer Wong, currently holding the position of MTS1 Software Engineer.
  • OFX vs Xoom Supported Languages: OFX offers support in over 1 languages. Xoom communicates in 1.

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OFX vs Xoom Alternatives Guides

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Screenshots

OFX Screenshot

OFX Screenshot

Xoom Screenshot

OFX Screenshot