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.

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At OFX, we make moving money easy, helping you make better decisions and access real savings.

Vani – OFXpert
Ryan – OFXpert

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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

    Smart savings

    Save with competitive exchange rates and low or no fees.*
  • fast Transfers

    fast Transfers

    Move your money in 24 hours.**
  • IMG

    24/7

    OFXperts are always available to help.
  • worldwide

    worldwide

    Transfer to 197 countries in 55 currencies.

The smart way to move money

When you’re transferring money into or out of New Zealand, 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 competitive exchange rates and the options to set a target rate to move your funds when the market reaches the rate that works for you.

Get started

Meet an OFXpert – your currency specialist

Rachael OFXpert
RACHAEL - OFXPERT

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
Brian - OFXPERT

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
Vani - OFXPERT

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.


How OFX works

  • account
    STEP 1
    Open an account

    Complete the registration form in just 5 minutes.

    Register Now
  • found
    STEP 2
    Send the funds

    Enter your recipient’s details and send OFX the money by bank transfer.

  • mail
    STEP 3
    Track the transfer

    Track your transfer online or via the app. Most transfers are delivered within 1-2 business days.

NZForex

OFX is the new name for NZForex. Same savings, same experienced team, new name.

OFX has been supporting New Zealanders for 18 years to send money to 197+ countries in 55+ different currencies, saving money every day. As experts in foreign exchange you can rely on us to know your market and save you money, talk to an OFXpert today.

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 two 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.

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 2001 our founders launched foreign exchange services in New Zealand. Fast forward 18 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.

*Minimum NZD$250 transfer, intermediary bank fees may apply.

^Valid for new clients incorporated in New Zealand 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

© 2019. NZForex Limited (CN: 2514293; NZBN: 9429031497541) (trading as “OFX”) is registered as a financial service provider on the Financial Service Providers Register (established by the Financial Service Providers (Registration and Dispute Resolution) Act 2008). You can access the Financial Service Providers register at www.fspr.govt.nz. NZForex Limited is not currently regulated by the Financial Markets Authority as a Derivatives Issuer in New Zealand.

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