How do I make a business transfer with OFX?
- Login to your OFX account
- The page will open on the “Deal Dashboard”
- Select the “Recipient” tab, then “Add New Recipient”. Fill out the form with the banking details provided by your recipient.
- Once this recipient has been successfully saved return to the “Deal Dashboard” and select “New quote”
- Enter in the two currencies you wish to transfer between and the value you need to transfer. This can be the sell value (what you are sending OFX) or the buy value (what the recipient needs to receive. Select “Get Quote”. You will be issued a rate on the left under “Quote Details”. If you wish to proceed with the transfer select “Continue”
- Next select the recipient that was previously added. It will be in a drop-down list. Then add any reference that is required to be shown with the payment. Remember when the recipient receives the funds it will show as OFX so it’s always best to add something.
- If all the details are correct and you are satisfied with the information you have provided select “Finalise Transfer”. By doing so the rate is locked in and binding for you.
- We’ll send you through a confirmation via email with all the details of your transfer including our bank details.
- We’ll keep you up to date each step of the way with email or SMS!
Interested in one of our other products or transfer types? Call one of our client managers to discuss, we’re here 24/7 - Contact us
More Online Seller FAQs
- Are my funds secure?
- Are there any account or transfer fees?
- Can I make payments out of my receiving account directly to my suppliers?
- Can I obtain a certificate to verify my receiving account details?
- Can I use my receiving account details with more than one marketplace?
- Can I view a history of my transfers?
- Do I need to provide documents when I register?
- How do I enter the bank details for my home account on the OFX website?
- How do I setup a Global Currency Account with OFX?
- How do I upload my receiving account details to my online marketplaces?
- How long does it take to open an account with OFX and receive my receiving account details?
- Is there a minimum amount of time I must have an OFX account for?
- What is the transfer process and how long will it take?
- Which currencies are available with the Global Currency Account?
- Which online marketplaces are compatible with the receiving accounts?
- Will I be notified when my receiving account receives funds?
- Who else can send money to my receiving account?