One account to do business like a local
Less time. Less work. More cost-effective.
Better to pay like a local
Our revolutionary Global Business Account helps you reduce transaction fees. Get paid, hold and pay in 30+ foreign currencies.
Better to pay in batches
Group multiple payments to suppliers, then approve in one go. Eliminates redundant busywork.
Better to pay with minimal effort
Once your payment is processed, we send your payee a notification the instant your payment goes through, branded with your colours and logo.
One account to manage your global payments and gain more control
Save on costly FX fees with local currency accounts
One account to hold funds in 30+ currencies. Get paid and pay like a local in USD, GBP, EUR and more. Spend the currencies you have with the OFX Corporate Card and skip the unnecessary foreign exchange fees.
Take control of your global cash flow
Use your revenue to pay suppliers in their local currency, creating a natural hedge against fluctuations. Keep more of your money and skip the unnecessary conversion costs, reducing your financial risk.
No more slow and manual bulk payments
Consolidate your business payments into batches and bulk-approve them with a click. Your payees are auto-notified and the payments are updated in Xero in real time. It saves you so much of the time-consuming work.
Open an account today
Join 37,000+ businesses globally regaining control with OFX today
Simplify your business financial operations in one platform and save time and money.
Batch transfers. A fresh time-saver.
Pay thousands of vendors, suppliers and employees in 30+ currencies in minutes, in bulk, with automatic reconciliation in Xero and QuickBooks.
Trade manual mayhem for effortless automated accounts payable
Now is the time to unify all your financial operations. Say goodbye to tedious manual data entry and juggling multiple tools.
With accounts payable automation, you can simplify invoice capture and ensure payment precision. It’s never been easier to gain visibility and control of your financial workflows.
Built with your security in mind
Our 25+ year business was built on secure global payments. We’ve held an Australian Financial Services (AFSL) for 25+ years and are ISO 27001 certified, with security experts in offices around the world.
Less work. More control. Let’s automate!
Ready to see the all-in-one platform in action?
Our top rated service is built on human expertise. See how OFX can work for your business with a personalised demo with one of our helpful specialists.
Payments & Transfers FAQs
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 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.
What are the benefits of having multiple currency accounts for my business?
Having multiple currency accounts allows you to save money by converting your local currency to foreign currencies when the exchange rates are beneficial to you. You can hold those currencies in your account and choose when to use it at your convenience.
Plus, having multiple currency accounts allow you to receive payments or get paid in different foreign currencies quickly and seamlessly. The OFX Global Business Account allows you to do all the above in one platform.
What are the benefits of using a payroll feature for my business?
At OFX, we make payroll processing quick and simple. Our direct payroll integration with Employment Hero reduces the need for ABA files and allows you to make payroll payments quickly within a secure encrypted connection.
You can also import your CSV or ABA file from your payroll software provider into our system to make timely pay runs. All within a few clicks.
What are the benefits of using batch payments for my business?
It’s easy to do batch payments with OFX. Simply upload a CSV or ABA file to your business account. Instead of having to jump and toggle between softwares or apps, the approval workflow is exactly the same for international and domestic batch payments.
What is the benefit of having a multi-currency card for my businesses?
If you spend abroad or buy anything online in a foreign currency with a debit or credit card attached to a bank or financial institution, you could be charged an international transaction fee.
A dedicated corporate multi-currency card could help you save more with lower or no international transaction fees. Our Corporate Multi-Currency Card gives you access to competitive foreign exchange rates, allowing you to spend in 30+ currencies that are directly linked to your OFX Business Account.
This means you can spend overseas or make an online purchase in a foreign currency, without incurring international transaction fees or currency conversion fees. You can also assign our cards to employees and set spending limits for teams or projects, to prevent overspending and going over budget.
How can I get the OFX Corporate Card?
You can get our card when you register for a free business account (up to three users). You can also create and issue physical cards for employees with a one-off fee of AU$10. For more information, view our pricing plans.
Is it compatible with Xero?
Yes. You can connect your batch or payroll payments to Xero through the OFX Business Account. This integration will push your payroll payments made from Xero. It will not pull your payroll file from Xero into our platform.
To connect your business account to Xero, simply follow the steps below:
- Log in to your OFX Business Account
- Click on “Setup” from the left sidebar menu
- Click on “Integrations” from the dropdown menu
- Click toggle to connect to Xero
- Read the acknowledgment and confirm
- Follow the on-screen instructions to authorise the integration with Xero
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