How long will my transfer take?

Generally, no time at all.

Since we have a global network of bank accounts, making a transfer with us is not only secure, but also very fast.
As soon as your send us your funds, we’ll convert and transfer them to your recipient.

The time it takes for us to transfer the funds to your recipient depends on the country, but in most cases it takes 1-2 business days.

How does it work? 

  • Once your funds have cleared in our account and we’ve converted them to your desired currency, the funds will be available for onward payment into the recipient’s bank account. 
  • Provided all funds are received before the cut-off times noted below, we’ll usually start processing the conversion and your payment instructions on the same day.   
  • The cut-off time that is applicable to your transfer will vary, depending upon what currency you are converting to. 

Please see below the cut off times per currency:

Currency you are converting your funds to: Cut off time to receive cleared funds for same day/ next day transfer processing [on a business day* (GMT)]
Euro (EUR): 2.00pm
Sterling (GBP):  3.00pm
Danish Krone (DKK), Polish zloty (PLN), Swedish Krona (SEK): 12.00pm
US dollar (USD), Canadian dollar (CAD), UAE dirham (AED), Australian dollar (AUD), Swiss francs (CHF), Singapore dollar (SGD), Japanese yen (JPY), Hong Kong Dollar (HKD), Mexican Pesos (MXN), New Zealand dollar (NZD), Papua New Guinea Kine (PGK), Thai Baht (THB), South African rand (ZAR):  5.00pm the previous business day

The time your funds will take to reach the recipient’s bank account will depend on a number of factors, notably;
- The currency the payment is being made in
- Where you are sending the money to i.e. where the recipient’s account is located

Type of payment:  (How long it takes after we process your payment instruction)
Payment in sterling to a bank account in the UK:

Usually same day

Payments in sterling to an account in the European Economic Area (‘EEA’): By the end of the next business day
Payments in euros to account in the UK or the EEA: By the end of the next business day.
All other payments in EEA currencies to accounts in the EE:

No later than four business days 

Payments to accounts outside the EEA or payments in non-EEA currencies: 

If this is the local currency of the country it is being sent to, then it is usually 24 hours. Otherwise, this can vary. When booking in your deal, you can ask the customer service agent, when the funds will be expected to arrive in the recipient’s bank and we can offer an estimate. 


 

Depending upon your recipient’s country, it generally takes 1-4 business days to complete the entire process of receiving your funds and sending them to your recipient. 


* a business day is a day, other than a Saturday, Sunday or public holiday, on which banks are open for business in London and will not include any public holidays in the country of the recipient’s account.
 
Our currency converter can provide you with approximate delivery times based on your recipient’s country. Also, below you’ll find a list of standard delivery times for our most popular countries 
 

Time it takes for OFX to receive funds from you:

From Time
Australia (AUD) 1 day
Canada (CAD) 1-2 days
Europe (EUR) 1-2 days
Hong Kong (HKD) 1 day
Japan (JPY) 1-2 days
New Zealand (NZD) 1 day
Singapore (SGD) 1 day
USA (USD) 1-2 days
UK (GBP) 1 day
.

Time it takes for the funds to reach your recipient

From Time
Australia (AUD) 1 day
Canada (CAD) 1-2 days
Europe (EUR) 1-2 days
Hong Kong (HKD) 1-2 days
India (INR) 2 days
Japan (JPY) 1-2 days
New Zealand (NZD) 1 day
Singapore (SGD) 1 day
Thailand (THB) 4 days
USA (USD) 1 day
UK (GBP) 1 day

If you have any questions that aren't answered in our FAQs, feel free to ask us here.

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