Top 5 OFX Alternatives in 2025 (and What They Do Better)

You may have come across OFX while exploring ways to manage international payments, only to find that their Global Currency Account is no longer available. While OFX still supports global transfers and FX contracts, the limited local payout options and lack of multi-currency wallets make it less suited to businesses handling multiple currencies or payment flows.

In this article, we explore five alternatives to OFX, each offering tools and support better suited for businesses expanding across borders.

OFX works well for sending international payments and locking in exchange rates, but it doesn’t always meet the needs of growing or hands-on businesses.

A good fit will let you manage international payments without friction, support more currencies and payout options, and provide features that scale with your operations.

Key features to expect from an OFX alternative include:

• Multi-currency accounts – hold and receive in major currencies like USD, EUR, GBP, HKD, and more
• Local account details – get paid like a local without opening multiple bank accounts
• Integrated business tools – invoicing, batch payments, cards, or accounting sync
• Transparent FX pricing – clearly stated markups or mid-market exchange rates
• Stronger user access – assign roles, set limits, or separate team permissions
• Responsive support – live chat, email, or a dedicated account manager

Let’s look at five strong alternatives to OFX that may be a better fit depending on your priorities:

Statrys is a Hong Kong-based fintech founded in 2019 that offers business accounts built for companies operating in multiple currencies. Available to businesses incorporated in Hong Kong, Singapore, and the BVI, Statrys supports day-to-day international payments, including local transfers in several Asian currencies.

It’s designed to serve SMEs looking for more flexible alternatives to traditional banking setups, especially those that need to manage cross-border payments, assign specific access to team members, and receive support that understands regional business contexts.

Statrys Key Features

• Multi-currency account supporting 11 currencies, including HKD, USD, EUR, SGD, and CNY
• Send and receive payments through SWIFT and 12+ local clearing routes
• FX conversions at mid-market rates with forward contract options
• Role-based user access (admin, maker, approver)
• Prepaid Mastercard® (virtual and physical) for business spending
• Dedicated account manager with support in English, Cantonese, Mandarin, or French

Statrys Fees

For full details, visit Statrys’ pricing page.

Pros and Cons of Statrys

Statrys vs OFX

Wise, founded in 2011 and formerly known as TransferWise, is a London-based fintech known for simplifying global payments for individuals and small businesses. Its business account gives users access to local bank details in over 20 currencies, combined with low-cost international transfers and transparent FX pricing.

Unlike OFX, Wise includes automation tools like batch payments and accounting integrations, making it well-suited for freelancers, startups, and SMEs managing payments across multiple currencies, without relying on traditional banking infrastructure.

Wise Key Features 

• Multi-currency account with local details in 23 currencies, including GBP, EUR, USD, AUD, and SGD
• Send payments to 70+ countries in 50+ currencies with upfront FX fees
• Batch transfers via CSV for bulk payments
• Custom team permissions and role-based access
• Integration with Xero, QuickBooks, and FreeAgent
• Virtual and physical debit cards (availability varies by region; cashback up to 0.5% in select markets)

Wise Fees

See the complete Wise Business pricing breakdown for full details.

Pros and Cons of Wise

Wise vs OFX

Handling multi-market payments can quickly become complex, especially when dealing with separate accounts, currencies, and transfer systems. Airwallex was built to unify those processes into a single platform that lets businesses collect, convert, and send funds across borders with more control and fewer manual steps.

Founded in 2015, the platform now serves businesses in over 50 countries. With tools like batch transfers, local account details in 20+ currencies, and ecommerce integrations, Airwallex is well-suited for scaling companies with distributed teams or global customers.

AirWallex Key Features

• Local collection accounts available in 20+ countries across major currencies
• Multi-currency wallet for holding and converting 60+ currencies
• Batch payments to up to 1,000 recipients
• Virtual and physical Visa cards (0% foreign transaction fees)
• Built-in expense management and role-based access
• API, accounting, and ecommerce integrations (Xero, Shopify, WooCommerce, etc.)

Airwallex Fees

For the full breakdown by country, check Airwallex’s pricing page .

Pros and Cons of Airwallex

Airwallex vs OFX

Launched in 2004, WorldFirst is a UK-based payment provider geared toward ecommerce businesses. Its platform is designed to help sellers collect payments from global marketplaces like Amazon and Shopify, convert currencies at competitive rates, and send funds to suppliers in over 200 countries.

Where OFX leans toward FX-focused transfers, WorldFirst is better suited for merchants handling regular marketplace payouts. With no monthly fees, access to local collection accounts, and a business card for global spending, it offers a straightforward solution for managing revenue across regions.

Key Services Offered by WorldFirst

• Multi-currency account with local bank details for 15–20+ currencies
• Send payments to over 200 countries in 100+ currencies
• Receive payouts from Amazon, Shopee, Shopify, PayPal, and more
• Convert currencies using spot contracts
• Use “World Card” to spend in 150+ currencies (online and in-store) 
• Fully online onboarding for sole traders and registered businesses

WorldFirst Fees

For the latest fees by region, visit WorldFirst’s official pricing page .

Pros and Cons of WorldFirst

WorldFirst vs OFX

Founded in 2005, Payoneer is designed for freelancers, ecommerce sellers, and small businesses collecting international payments, especially from platforms like Amazon, Fiverr, or Upwork. With local account details in multiple major currencies and integrations with 2,000+ platforms, it’s a flexible choice for managing cross-border income without needing a full business setup.

The account is easy to open online and supports batch payments, payment requests, and global card spending. However, some features, like card availability or payout options, vary by region. Fees can also add up for lower-volume users, and customer support is limited unless you're logged in.

Payoneer Key Features

• Local receiving accounts in USD, EUR, GBP, and more (30+ currencies supported)
• Send payments to 190+ countries in 70+ currencies
• Get paid from 2,000+ platforms including Amazon, Upwork, and Airbnb
• Batch and scheduled payments for managing vendors or payroll
• Payoneer Mastercard® for global spending and ATM withdrawals
• Accept payments via card, bank transfer, and request forms

Payoneer Fees

For full pricing details, visit Payoneer's official pricing page.

Pros and Cons of Payoneer

Payoneer vs OFX

While OFX continues to support global transfers and currency risk management, it may not be the most practical choice for businesses handling frequent transactions or working across multiple markets.

Exploring alternative providers can help you find a better fit, especially if you need multi-currency accounts, local payment options, or tools that scale with your operations.