Enter your contact details to find out how OFX can save you money.
Moving money is easy with OFX
Whether you’re preparing for a move overseas, sending money back home or securing a limited-edition import, an OFXpert can take the hassle out of managing your money. With flexible transfer options, you can protect your money against moving currency markets.
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
Make your money work for you.
OFX money transfer services are ideal for
International students
Sending money back home
International property owners
Investments and shares
Why OFX?
Smart savings
Save over 60%* on the rates banks charge.
fast Transfers
Move your money in 24 hours.**
24/7
OFXperts are always available to help.
worldwide
Transfer to 197 countries in 55 currencies.
The smart way to move money
When you’re transferring money into or out of Australia, it pays to keep an eye on the markets. An unfavourable exchange rate or an expensive transfer fee can really hurt your back pocket. That’s why, with OFX you get bank-beating exchange rates and the options to secure a rate for up to 12 months or set a target rate to move your funds when the market reaches the rate that works for you.
I get to know my customers and their needs 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.
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 customers 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 transfers 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 the transfer 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 secure, and it also means we can expedite your payments and deliver faster than banks do . 80% of our 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 using a multi-layered approach to detect and prevent fraud.
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 money 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. 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 make global payments. As experienced executives in global forex companies, our founders knew the industry was opaque, dominated by big banks with high international transfer fees and lacklustre service.
In 1998, our founders launched a foreign exchange information website from Sydney’s Northern Beaches. Fast forward 20 years, OFX is now an ASX listed company operating internationally, with a 24/7 global customer service team, helping more than 1 million customers worldwide transfer over AU$150bn.
*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.
^Minimum AUD$250, intermediary bank fees may apply.
**80% of major currency transfers are processed in 24 hours of receipt of funds by OFX.
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
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.
