Sending Money Overseas Advice

1. Use a Reliable Online Transfer Service Instead of Your Bank

When you use a bank to transfer funds internationally, they’ll not only charge you a fixed fee, but will also add a margin (usually up to 5%) on the Interbank Rate. That means you could be paying up to $500 on a $10,000 transfer in addition to hefty fees.

At OFX, we think that’s too much, and we’ve built a global business around giving people like you a better deal. Think of it like this: if you were to buy a luxury vehicle from overseas, using OFX to transfer your money could save you enough to cover the cost of shipping.

3. Protect Yourself Against Currency Fluctuations

Risk management tools can benefit both businesses and individuals when it comes to managing currency exposure. With a Forward Contract, you can lock in an exchange rate today for up to twelve months in the future. No matter how the currency markets move, you’re in control of your money with a Forward Contract.

If your timing is flexible, you might prefer to use a Limit Order to set a target exchange rate. Once the target rate has been triggered, OFX will contact you to help you complete your transfer.

A Hassle-Free Way of Sending Money Overseas

Whether you need to make a single transfer or you’d prefer setting up headache-free, automatic recurring transfers, OFX lets you can transfer money 24/7. Your world moves fast. Choose a money transfer provider who can keep up.