Competitive FX rates are just the beginning.
Protect your business’s bottom line with currency solutions and expert support to help you respond swiftly to market changes.
Spot Transfers
When every second counts, send money from A to B in 30+ currencies, just like that.
Forward Contract
Want more cost certainty? Lock in today’s rate for up to 12 months to protect profits from moving markets.
Limit Orders
Got time to wait for a better rate? Set your target rate and how much. We’ll do the rest.
Receive, pay, and convert without FX fees in major currencies
Pay, hold and receive money in 30+ currencies. Set up local bank details in five currencies, create a natural hedge and skip the FX conversion fees.
Ready for multi-currency payments at great rates?
Join 37,000+ businesses globally regaining control with OFX today
Simplify your business financial operations in one platform and save time and money.
Clients love us. Here’s why.
Jonathon Allara, Co-founder at BikesOnline
Get better exchange rates with OFX
See how OFX helps this Australian bicycle wholesaler and distributor, use foreign exchange transfers and currency fluctuations to their benefit.
Currency volatility? We’re always here to help.
Currency fluctuations can erase your profits overnight. OFX has automated FX risk management tools that can help protect your bottom line.
And if you want help putting that protection in place, helpful humans are available 24/7.
Peace of mind with over 25 years of global security
Our business was built on secure global payments. We’ve held an Australian Financial Services (AFSL) for 25+ years, are regulated by ASIC and AUSTRAC and ISO 27001:2022 certified.
FX Solutions FAQs
How can I make international payments or receive foreign currencies for my business?
You can make international payments or receive foreign currencies through a virtual global business transaction account.
With the OFX Global Business Account, you have the ability to create and manage multiple currency accounts, where your customers can pay into any of these currency accounts.
Five of the currency accounts (AUD, CAD, USD, GBP and EUR) allow you to hold local bank details, so you can pay and receive like a local.
How do businesses use OFX’s foreign exchange solutions?
Businesses can use OFX to make international payments, receive foreign currencies, and convert funds when the exchange rates are in their favour. This helps them manage global transactions efficiently and save on costs associated with currency conversion.
By leveraging global money management platforms like OFX, businesses can better handle cross-border financial transactions to enhance their competitiveness.
How can my business benefit from OFX?
We help businesses make secure, fast international payments and more.
With OFX, you can:
- Open multi-currency accounts to grow with your business
- Receive and make payments in up to 30+ currencies or from 170+ countries
Our team of specialists are also available 24/7 to help you navigate the complexities of foreign exchange.
How many currencies can I manage with the OFX Global Business Account?
With the OFX Global Business Account, you can create multi-currency accounts in 30+ currencies. Your customers can also pay into any of these accounts. Five of these accounts (AUD, GBP, EUR, USD, and CAD) also allow you to hold local bank details for your convenience. Here is a full list of our supported currencies
Is a Forward Contract right for me?
Forward Contracts are designed to benefit businesses of all sizes, especially those exposed to foreign exchange (FX) risks.
If your business deals with cross-border transactions, even on a smaller scale, fluctuating exchange rates can significantly impact your profit margins and financial planning. A Forward Contract allows you to lock in an exchange rate for future payments, providing certainty and stability. Setting up a Forward Contract is simpler than you might think, often requiring an initial deposit and basic documentation such as purchase orders or invoices.
By using a Forward Contract, you can help protect your bottom line from FX volatility, accurately budget your costs and revenues, and gain peace of mind knowing your financial risks are minimised. Some clients use a Forward Contract for a portion of their FX transfers, as a way to partially hedge against volatility and ensure they can take advantage of Spot rates as well.
Can everyone set up a Forward Contract?
All Forward Contracts are subject to approval by OFX. To set up your first Forward Contract, you’ll need to answer a few questions on the platform. Our specialist team will then review your application and set up the contract if approved.
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