Our Customer Rate takes into account a number of factors including how often you transfer with us and how much you are transferring. We do still take a small margin on your transfer above the current Market (Interbank) Rate, but you’ll usually save on margins when you transfer with us instead of your bank.
So on a transfer of $10,000 (AUD) to USD, our customers saved an average of $403 (AUD). Sounds pretty good doesn’t it?
Average savings based on a sample of OFX Customer deals between 5 July and 9 August 2016 on an AUD$10,000 to USD single transfer against published rates of ANZ, Westpac, NAB and CBA for the same period. Fees and transaction costs excluded. Quoted savings are not indicative of future savings. Please consider OFX’s PDS and your circumstances before making a decision about any financial product.