The maximum amount of money you can transfer overseas depends on your money transfer provider and the currencies you’re trying to transfer. Major currencies like USD, GBP, AUD, CAD, EUR, NZD, and JPY can usually be transferred freely. Regulated currencies like Chinese Yuan (CNY), South African Rand (ZAR), and Korean Won (KRW) may be subject to government regulations.
At OFX, you can transfer as much as you want. From $2,000 to $2 billion, our robust platform can handle it.
Why Do Some Transfer Services Impose Limits?
Some money transfer services will impose limits upon the amount of money that you can transfer in order to keep their own costs down. They may limit the amount of money that you can send in a 24-hour timeframe, over the course of a week, or in the span of a month. Some services will even limit how much you can send in the course of 180 days or an entire year.
The Problem with Transfer Limits
Transfer limits can be just that—limiting.
When you have a service that imposes these restrictions upon you, it means that you need to keep track of how much money you’re sending. It may mean your recipient will have to pay more heavy receiving fees more often. Plus, it prevents your recipient from receiving all of the money they need at once, and that can cause problems, especially in an emergency.
Live a No-Limit Life and Transfer with OFX
When you choose to use OFX to transfer money, you can send as much as you need to, and we won’t limit you in terms of how much you can send over a specific period of time either.
Don’t let limits hold you back any longer. Transfer what you need to, when you need to, by creating an account with OFX.