Nick Hacko – Owner, Nicholas Hacko Watches, Sydney
Your first 3 transfers OFX fee free^
Tell us about your business and find out how OFX can save you money
A money transfer service that gets your business.
Our OFXperts are on hand 24/7 to help you. Whether you need to pay international suppliers or overseas staff, set a transfer date or protect against moving currency markets, your OFXpert can manage all your currency needs in a single place.
At OFX, we make moving money easy, helping you make better decisions and access real savings.
Vani – OFXpert, Sydney
Ryan – OFXpert, Sydney
Welcome to OFX
Why OFX for your business?
Smart savings
Save up to 60%* on the rates banks charge.
fast Transfers
Move your money in 24 hours.**
24/7
OFXperts are always available to help your business.
worldwide
Transfer to 197 countries in 55 currencies.
Today’s price when you want it
When your business relies on overseas suppliers, the exchange rate can make or break your profit. No matter how big or small your business, with OFX Forward Contracts and Limit Orders you can secure a favourable exchange rate for up to 12 months or set a target rate to move your funds when the market reaches the rate that works for your business.
I get to know my customers and their business, and know they can often be overwhelmed by changes to currency markets. But when I look at the moving currency markets I know how to manage their global money transfers.
That’s why I work with my customers to create simple currency plans that protect their profit margins every day.
Brian - OFXPERT, SYDNEY
My customers need to move money around the world at times that work for their business. It could be 6pm, it could be 4am; it doesn’t matter. Me and the global team are always on hand.
I’m always monitoring my customers’ transactions. I love it when I can lock in a great exchange rate to protect them against volatile markets.
Vani - OFXPERT, SYDNEY
My clients rely on me for their global money transfers. I’m an OFXpert but, really, I work for my customers.
Day to day I can be booking in multiple supplier payments or helping my customers understand the currency markets ahead of a transfer. Whatever it is, I’m on their team.
Enter your recipient’s details and send OFX the money by bank transfer or BPay.
STEP 3
Track the transfer
Track your transfer online or via the app. Most transfers are delivered within 1-2 business days.
Frequently asked questions
How do I open an account?
It’s easy as 1-2-3:
Register. If you’re keen to get started straight away, complete our registration form OR enter your details above and an OFXpert will guide you through the process. Either way, there’s no cost or obligation to make a transfer.
Speak to us. An OFXpert will call you to complete setup and answer any questions you have.
Verify your identity. This is usually automatic. We’ll let you know if we need any documents.
How do I make a global money transfer?
Once you’ve registered, log into OFX and:
Tell us which currencies to transfer between and how much to transfer.
Select your recipient. Save their banking details so it’s faster next time.
Check the details then click “Finalise Transfer” to lock in the rate and kick off the process.
BPay or bank transfer the funds to us – we’ll tell you where to send them.
Keep track of your transfers in a way that suits you: online, via the app, email or SMS updates.
How long does a transfer take?
We use a network of global banking partners which means your transfers are kept secure and, it also means we can expedite your payments and deliver funds faster than banks do. 80% of all major currency transfers are completed within 1 business day of us receiving your funds. For more exotic currencies, it can take a little longer – usually 3-5 business days.
What kind of money transfer options does OFX offer?
There are three kinds of money transfers available:
Buy now, pay now. With Spot Deals, you can make a quick business transaction at today’s rate.
Set and forget. Limit Orders let you set a target exchange rate and, when the market reaches it, your OFXpert will contact you to complete the transfer.
Buy now, pay later. Forward Contracts let you lock in a favourable exchange rate for up to 12 months.
Does my recipient need an OFX account to receive money?
No, they don’t. We’ll send the money straight to your recipient’s bank account.
Is my money secure?
Yes. OFX has dedicated fraud prevention teams and sophisticated technology that uses a multi-layered approach to detect and prevent fraud. We also keep your funds within our international network of accounts to keep them secure until they’re delivered to your recipient.
The biggest risk in sending money overseas is not knowing who you’re transferring it to. Once it has been delivered, it’s very difficult to retrieve your money if you discover a problem. So, to keep your business safe, follow these simple guidelines
Avoid wiring money to someone you’ve never met in person.
Verify the credentials of overseas suppliers to ensure you’re dealing with the company itself.
Can I track my transfer?
Of course. Once you’ve kicked off a payment, we’ll send an email and an SMS to keep you updated at every step in the global money transfer process. You can also track the status in your OFX account online or via the app.
You can set your notification preferences in your OFX settings.
About OFX
OFX grew from the idea that there had to be a better, fairer way to do business. As experienced executives in global forex companies, our founders knew the industry was opaque, dominated by big banks with inflated rates and a lacklustre service that favoured large institutions over smaller businesses. In 1998 our founders launched a foreign exchange information website from Sydney’s Northern Beaches, with a vision to enable businesses of all sizes to compete in the global economy with confidence. A vision that remains true to this day. Since launching over 20 years ago OFX is now an ASX listed company operating internationally, helping over 1 million customers worldwide and has transferred over AU$150bn.
^Minimum AUD$250 transfer, intermediary bank fees may apply.
*Average savings based on published rates of ANZ and CBA on a single transfer of AU$10,000 to US dollars between 15/5/19 and 1/8/19, excluding weekends. Transaction costs excluded. Quoted savings are not indicative of future savings.
Valid for new clients incorporated in Australia post successful registration. Free FX means the Market Rate achieved by OFX plus 0.001 for a transaction. Intermediary bank fees may apply
**80% of major currency transfers are processed in 24 hours on receipt of funds to OFX
IMPORTANT: This information has been prepared for distribution over the internet and without taking into account the investment objectives, financial situation and particular needs of any particular person. OzForex Limited ABN 65 092 375 703 (trading as “OFX”) and its subsidiaries make no recommendations as to the merits of any financial product referred to in the website, email or its related websites. Please read our Product Disclosure Statement and our Financial Services Guide.
DISCLAIMER: OFX makes no warranty, express or implied, concerning the suitability, completeness, quality or exactness of the information and models provided in this website. Read full disclaimer. OFX provides international money transfer services to private clients and business customers. Use our free currency converter, exchange rate charts, economic calendar, in-depth currency news and updates and benefit from competitive exchange rates and outstanding customer service.
OFX is regulated in Australia by ASIC (AFS Licence number 226 484). Read our Money Laundering Statement and Privacy Policy.
