10 Reasons to switch to an OFX Global Business Account

If you’re running a business that moves money across borders, you’ll know how complex global financial management can be, and how much it can cost. The OFX Global Business Account simplifies it all.

What makes OFX a great choice for global business payments and expenses

OFX is a trusted global money management platform that helps businesses move and manage money across borders with confidence. With one easy to manage platform, the OFX Global Business Account simplifies international transfers, expense control and currency conversion, without stress or sky-high fees.

Here’s why more businesses are switching to OFX:

1. One account. 30+ currencies. Zero hassle.

The OFX Global Business Account lets you receive, hold and make payments in 30+ currencies, without the need to open multiple foreign bank accounts. It’s global money management, all in one place. You can open local currency accounts in USD, EUR, GBP, CAD to get paid like a local with local bank details, and make fast transfers to more than 170 countries.

2. Save on every transfer

Why pay more in hidden fees? With OFX, you get competitive exchange rates and low margins from day one. There’s no surprises or inflated markups, just serious savings.

3. Issue unlimited virtual cards for smarter spending

You can track expenses, set budgets and issue employee or project-specific cards instantly. OFX Virtual Cards give your team the ability to spend responsibly while you stay in control.

You can set spending rules by category or merchant, use cards with Apple Pay or Google Pay, and lock or cancel cards at any time from your phone.¹

Read more about OFX Corporate Cards

4. Integrated expense and approval workflows

No more spreadsheet chaos or scattered signoffs. With built-in approvals and real-time expense tracking, the OFX platform streamlines your entire spend process.

Assign approvals across teams, upload receipts, categorize expenses on the go, and keep your finance function running smoothly.

5. Automate your accounts payable

Simplify invoice payments with AP automation. You can pull bills from your inbox, schedule local or international payments, and sync everything directly with Xero and Quickbooks accounting software. Cut down manual entry, speed up approvals, and improve accuracy across currencies.

6. Cashback rewards that go back into your business

Earn as you spend. Eligible transactions on your OFX Corporate Card earn cashback giving you more value with every swipe. It’s a simple way to reward everyday spend across subscriptions, software and more.

7. Global reach, local support from real humans

OFX has offices in nine global locations and is regulated and ASX-listed. With 24/7 phone support from real people, not chatbots, you’ll never be left in the dark. Our OFXperts are here to help your business move money securely and efficiently, no matter where you are.

Questions? Chat to your local OFX specialist now.

8. No hidden fees or nasty surprises

OFX doesn’t sting you with hidden costs. What you’ll get is clear, competitive pricing and full transparency. No lock in contract. No shocking bills. Just a straightforward and modern business transaction account.

9. Secure, trusted and built for business

With ISO 27001:2022 certification in Australia, advanced encryption, and fraud monitoring, your data and funds are in safe hands. You’ll enjoy peace of mind with two-step verification, real-time alerts and robust controls.

10. Easier international growth

If your business is expanding into new markets, paying overseas suppliers, or collecting payments from global clients, OFX gives you the tools to scale, without the usual complexity or cost.

Accept international payments in multiple currencies, pay vendors faster, and simplify reconciliation with accounting integrations.

Hear it from other business owners

Try OFX for free

Take advantage of all the extras and sign up for a free 60 day trial so you can experience the full-suite of time-saving automations and see how easy it is to manage your business finances with OFX.

Your free trial includes:

If your current setup is slowing you down, it’s time to move your business forward with a smarter way to manage global money. OFX is here to make it happen.

Sign up to trial OFX Business for free and start saving time and money, without compromising on security and control.

1.  Apple Pay is a service provided by certain Apple affiliates, as designated by the Apple Pay privacy notice. Neither Apple Inc. nor its affiliates are a bank. Any card used in Apple Pay is offered by the card issuer.

Google Play and Google Pay are trademarks of Google LLC.