OFX Business vs Airwallex Business: Which is better for your business?
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Choosing the right business account makes a big difference in how you manage your finances. We’re comparing OFX Business and Airwallex Business, which includes their features, pricing, business card options and more, to help you decide which one works best for you.
| OFX Business | Airwallex Business | |
|---|---|---|
| Features | International money transfers, hedging tools, batch payments, 24/7 support, dedicated account managers | Global multi-currency accounts, batch transfers, online payments, expense management, API access |
| Pricing | No setup or monthly fees; $15 for transfers under $10,000; exchange rate margin of 0.4%–2% | No setup or monthly fees; FX margin of 0.5%–1.0%; SWIFT transfers $10–$30 |
| Business Cards | Not available | Virtual cards available; physical cards for first 2 users free, $15/month per additional user |
OFX Business vs Airwallex Business: Key Features
| OFX Business | Airwallex Business | |
|---|---|---|
| Supported Currencies | Transfers in 55 currencies | Hold and exchange 20+ currencies |
| International Payments | Send to 190+ countries | Send to 150+ countries with competitive FX rates |
| Accounting Software Integration | Not specified | Integrates with Xero, QuickBooks, NetSuite |
| Business Debit Cards | Not available | Virtual and physical cards with spend controls |
| App | Mobile app with rate alerts and transaction tracking | Mobile app with FX alerts, expense tools, and real-time tracking |
Both platforms offer strong international payment capabilities. OFX Business is ideal for large transfers, offering dedicated support and low fees for high-value payments. Airwallex Business, on the other hand, is more versatile with multi-currency accounts, modern APIs, and expense tools, making it well-suited for tech-forward SMEs.
OFX Business vs Airwallex Business: Pricing
| OFX Business | Airwallex Business | |
|---|---|---|
| Account Opening Fee | None | None |
| Monthly Subscription | None | None |
| Currency Exchange Fees | Margin of 0.4%–2% | FX margin of 0.5%–1.0% |
| Money Transfer Fees | $15 fee under $10,000; typically waived for larger transfers | Free to 120+ countries; SWIFT transfers cost $10–$30 |
| FX Fees | Included in the margin | Transparent margin; no hidden FX fees |
OFX has a slight edge in FX margin at higher volumes, especially for large transfers. However, Airwallex offers broader financial functionality and more predictable pricing, which may better serve businesses handling frequent or moderate-size transactions.
OFX Business vs Airwallex Business: Business Cards
| OFX Business | Airwallex Business | |
|---|---|---|
| Physical Card | Not available | Available; free for 2 users, then $15/month per additional user |
| Virtual Card | Not available | Available; free |
| Custom Card | Not available | Spend controls and team-based approvals |
| ATM Withdrawal | Not available | Not specified |
OFX does not offer business cards, while Airwallex provides both physical and virtual options with spend control features. If your business requires operational expense management alongside global payments, Airwallex is the more complete solution.
See how Instarem compares
| Instarem | |
|---|---|
| Features | Hold and exchange multiple currencies, send real-time payments, secure transactions, process up to 1,000 payments, and fund transactions seamlessly with Visa or Mastercard® credit cards |
| Pricing | No monthly fees or setup costs — pay only when you use the service to make cross-border business payments |
| Business cards | Virtual prepaid Mastercard® with FX savings and customised spending controls |
Getting started with Instarem is easy
- Click here to get a free Instarem business account
- Enter your company details
- Once approved, add beneficiary details, saved for future transfers
- Select a payment method and we’ll show you rates and fees upfront
Register with Instarem business today
Take control of your business finances with Instarem. Enjoy competitive exchange rates, streamlined payments, and fast & secure transactions.
