OFX Fee Schedule
This Fee Schedule applies to Clients who have agreed to the OFX Subscription Agreement (Business) and conduct, access or use a Subscription Plan and/or Services.
You and your means you, the primary, authorized OFX Client that applies for and is approved for an OFX Business Account. When you add an additional User, it will also include and apply to them.
We, us, our and OFX refers to CanadianForex Limited doing business as OFX (“OFX”)
This Fee Schedule includes this document, together with the OFX agreements that apply to the OFX products and Services (“OFX agreements”), including but not limited to the:
- OFX Subscription Agreement (Business),
- OFX General Terms and Conditions (Business),
- OFX Card Agreement (Business) which governs your OFX Card,
- Privacy Policy, and
- Where you add an Advisor, the Advisor Terms and Conditions.
You should read this Fee Schedule together with all OFX agreements that apply to you. The OFX agreements can be found at www.ofx.com/legal
Terms that are not defined in this Fee Schedule can be found in the applicable OFX agreement. You will need to agree to this Fee Schedule to use a Subscription Plan, an OFX Business Account and Services.
1. About the Fees
All references to $ are referring to Canadian Dollars.
Where taxes apply to the Services:
- You are solely responsible for determining, collecting, withholding, reporting, and remitting applicable taxes, duties, fees, surcharges and additional charges that arise from or because of your use of the Services under a Subscription Plan.
- If you are not charged taxes by us, you are responsible for determining if taxes are payable, and if so, remitting taxes to your appropriate tax authority.
- All Fees listed in this Fee Schedule are exclusive of applicable federal, provincial or other governmental sales, goods and services, harmonized or other taxes, fees or charges or any other taxes now in force or enacted in the future.
- Where we apply taxes, tax rates are calculated based on the information you provide on registration and the applicable rate at the time of your Billing Cycle charge.
- If you are exempt from paying taxes, you need to provide us with evidence of this exemption.
2. Fees:
| Product Feature | Fee or number included in Subscription Plan |
| Prime | Pro | Premium | |
|---|---|---|---|
| Cost per User | $15.00 | $25.00 | Custom |
| Cost per User with view-only rights | $0.00 | $0.00 | $0.00 |
| Cost per User with approve-only rights | $0.00 | $0.00 | $0.00 |
| Receive, Pay and Transfer |
| Cross Border Wire / SWIFT Fees (per transaction) | $20.00 | $20.00 | custom |
| Pay: Domestic payments (in Canada) USD or CAD (via EFT)- Number of transactions included in plan | 20 per month | 50 per month | custom |
| Pay: Domestic payments (in Canada) USD or CAD (via EFT) – charged when transaction numbers exceed 20 per month | $0.50 | $0.50 | custom |
| Receive: funds into the OFX Global Business Account using EFT and Direct Debit | $0.00 | $0.00 | custom |
| Receive: funds into the OFX Global Business Account using Wire or SWIFT | $5.00 | $5.00 | custom |
| Receive: funds into the OFX Global Business Account by domestic credit card (Visa, Mastercard, or any other credit card we may allow from time to time) | 2.90% | 2.90% | custom |
| Receive: funds into the OFX Global Business Account by foreign credit card (Visa, Mastercard, or any other credit card we may allow from time to time) | 3.40% | 3.40% | custom |
| OFX Cards |
| Digital Cards (Apple Pay, Google Pay) | $0.00 | $0.00 | $0.00 |
| Physical Cards | $0.00 | $0.00 | $0.00 |
| Foreign Transaction Fee on Card purchases | $0.00 | $0.00 | $0.00 |
| FX Solutions |
| Currency Conversion OFX Margin (non OFX Card payments) | The Margin will be included in the exchange rate quoted to you at the time of the Payment. | The Margin will be included in the exchange rate quoted to you at the time of the Payment. | The Margin will be included in the exchange rate quoted to you at the time of the Payment. |
| Automatic Conversion OFX Margin (OFX Card) | $0.00 | $0.00 | custom |
3. General
3.1 Contact Us: you can contact us by email at: business@ofx.com
3.2 Governing Law: For all primary, authorized Clients registered outside of Quebec: the laws that govern this Priority Subscription Agreement are the laws of the city of Toronto and the Province of Ontario, Canada. For primary, authorized Clients registered in Quebec, the laws that govern this Priority Subscription Agreement are the laws of Montreal in the Province of Quebec.
3.3 No waiver: If we fail or delay objecting or act when you breach any section of this Fee Schedule, all sections of this Fee Schedule remain valid and unchanged. We also reserve our right to act on that breach or any similar breach later. Any action or omission by us does not mean that we have waived or changed this Fee Schedule.
3.4 Changes: We may add, change, replace or remove a feature or detail set out in Schedule 1 of the Subscription Agreement (Business) or a Fee in this Fee Schedule. We will notify you when we make a material change or when we are required to do so by law. The notice of change may be given in an email, using the OFX Business platform, or posting the notice of change to our Website . You will have accepted the change if, after the change is effective: you use, or access, or activate your OFX Business Account, you conduct, access or use any Services, and/or your OFX Business Account remains open.
3.5 For Québec Clients: In the event that this Fee Schedule is characterized or construed as a contract of adhesion under Québec law, the party to this Fee Schedule on whom the essential terms and conditions or stipulations are unilaterally imposed and are not negotiable (the adhering party) acknowledges having been provided by the other party with a French version of the Fee Schedule at no cost, and thereafter, has explicitly expressed its willingness to be bound by the Fee Schedule written exclusively in English. The parties have expressly required and mutually agree to be bound exclusively by the English version of this Fee Schedule. The parties further agree that all documents related to this Fee Schedule including notices and other communications, be drafted exclusively in English. Dans l’éventualité où la présente convention est qualifiée ou interprétée comme étant un contrat d’adhésion en vertu du droit applicable au Québec, la partie à cette convention pour qui les stipulations essentielles sont unilatéralement imposées et sont non négociables (la partie adhérente) reconnaît qu’une version française de celle-ci lui a été remise sans aucun frais par l’autre partie, et par la suite, avoir expressément exprimé sa volonté d’être liée à la convention rédigée exclusivement en anglais. Les parties ont expressément requis et conviennent mutuellement d’être liées exclusivement par la version anglaise de la convention. Les parties conviennent également à ce que tous les documents se rattachant à la convention, incluant les avis et autres communications, soient rédigés exclusivement en anglais.