You’re almost ready for your first transfer with OFX.
Finish creating your account and start making international payments with competitive FX rates and greater control.
FX tools built to help your business move money with confidence.
Don’t lose to conversions.
Open local account details in USD, EUR, CAD and GBP with $0 FX fees on held balances.
Round-the-clock support.
Get access to 24/7 support from local OFX specialists.
Work local, send global.
Hold, send and receive funds in 30+ currencies to 180+ countries, all from one place.
Customer Support
Built for speed. Backed by specialists.
When you’re looking for support, get access to specialists around-the-clock who understand international payments, currencies and global business.
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.
Great FX rates are just the start.
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