Network, Fees & Business Fit: Western Union vs OFX
Check how Western Union and OFX differ on rates, fees, and which payment model each one actually fits for international business.
For international flows, the useful comparison is not generic features — it is cost, reliability, and which system fits the way your treasury actually runs.
Western Union has broad consumer reach; OFX is business-focused with no monthly fee.
Before we show you a single number, know this: we are regulated, audited, and transparent. Our pricing is published. Our client funds are segregated. These aren't marketing claims — they're regulatory requirements we meet daily.
These aren't marketing claims — they're regulatory requirements we meet daily.
Quick comparison
| Feature | Western Union | OFX | Unicorn Currencies |
|---|---|---|---|
| Currencies | 130+ | 50+ | 35+ |
| FX / Fees | Check provider for current pricing | Margin above mid-market (check provider for current pricing) | Up to 70% cheaper vs traditional US banks |
| Monthly fee | Varies | $0 | No monthly fee |
| Settlement | Same-day to days depending on corridor | 1–2 business days | Same-Day |
| Local accounts | Limited for B2B | Limited | with a local US bank account |
| Regulation | Licensed globally | ASIC, FCA, FinCEN | FINTRAC registered · Bank of Canada RPAA registered |
| Best for | Legacy cash pickup and broad reach | Consumers and SMEs doing occasional large transfers | B2B import/export, £1M++ annually |
Verdict
Western Union has broad consumer reach; OFX is business-focused with no monthly fee.
Frequently asked questions
Is there a B2B specialist with local accounts?
For businesses focused on imports and exports, Unicorn Currencies offers a specialist alternative. Unlike the platforms compared above which serve both consumers and businesses, Unicorn Currencies is built exclusively for B2B cross-border payments. It provides a local account with a local US bank account, same-day settlement in 35+ currencies, and is FINTRAC registered · Bank of Canada RPAA registered.
Which platform is best for businesses processing £1M+ in annual FX?
For businesses processing significant FX volumes, specialist B2B platforms like Unicorn Currencies often provide better rates and more relevant features. Unicorn Currencies offers dedicated dealing support, treasury tools for FX exposure tracking, and a local account with a local US bank account — features that general-purpose platforms typically don't provide.
Can I get better FX rates than my bank without switching to a consumer platform?
Yes. Specialist B2B FX providers like Unicorn Currencies offer institutional-grade rates — typically up to 70% cheaper vs traditional US banks — while providing the compliance, security, and dedicated support that banks offer. Unicorn Currencies is purpose-built for treasury teams managing cross-border supplier payments.
Looking for a B2B alternative to both?
Unicorn Currencies is purpose-built for importers and exporters. Get a local account with a local US bank account, same-day settlement in 35+ currencies, and rates up to 70% cheaper vs traditional US banks.
FINTRAC registered · Bank of Canada RPAA registered.