OFX
OFX International Transfer
70/5
Rating
Fees
Free
No transfer fees. Cost is built into the exchange rate margin.
Exchange Rate
+1.0%
Variable
Speed
1 business day
Typical: 1-3 business days
Features
- No transfer fees on any amount
- Competitive rates for large transfers
- Forward contracts to lock exchange rates
- Limit orders to target specific rates
- Dedicated dealer for transfers over $100K
- Business and corporate accounts
- 24/7 customer support
- Regulated in multiple jurisdictions
Pros
- No transfer fees
- Excellent for large transfers ($10K+)
- Forward contracts available
- Dedicated dealer for high-value transfers
- Multi-jurisdictional regulation
- 24/7 phone support
Cons
- No M-Pesa or mobile money support
- Bank transfers only (no cash pickup)
- Higher minimum ($100)
- Slower than mobile-first apps
- Exchange rate markup on small amounts
- Less competitive for amounts under $1,000
Send & Receive Methods
Send Methods
Bank transferWire transfer
Receive Methods
Bank account (KES)
Best For
- Large transfers over $10,000
- Business and corporate payments
- Property purchases in Kenya
- Those wanting to lock exchange rates
- Sending from Australia or New Zealand
Transfer Limits
Minimum$100
Maximum$1,000,000
Regulation
Licensed by ASIC (Australia), FCA (UK), FinCEN (USA)
Available On
WebiOSAndroid
App ratings: iOS 4.5â
| Android 4.3â