UK
AU
CA
HK
NZ
SG
US
Bring more of your money home when selling across borders
See how OFX uses new technology and our large global bank network to help you save on every overseas payment or receivable.
Introducing the
OFX Global Currency Account
Help your online businesses manage cash flow and save on every overseas payment or receivable - with low exchange rates and multiple transfer options.
Selling globally can cost you more in currency fees than you realise
We've built a new way for eCommerce merchants to keep more of their profits. It’s flexible, fast and efficient - just like your business.
Cost-effective
Marketplaces and payment providers charge high margins on your transfers. Let OFX help you save up to £2,500 on every £100,000 you transfer.*
Fast
Expedite critical aspects of your supply chain with fast, efficient money transfers. You choose when to bring your money home, wherever in the world it is.
Easy
Get the equivalent of a local bank account in today’s most profitable international markets: USD, EUR, GBP, CAD, AUD and HKD. Wherever you want to grow, OFX is already there.
*Average savings based on a sample of published transaction fees for cross border payments provided by Amazon and PayPal dated 8.24.16. Quoted savings are not indicative of future savings. .
The Global Currency Account offers local bank accounts in today’s most profitable international markets: USD,EUR,GBP, CAD, AUD and HKD.
Marketplaces compatible with OFX accounts:
How it works
1
Create an account
Our account opening process is fast and simple so you can quickly get back to your day. Just fill in a few details and an OFX team member will call you to complete setup.
2
Account details
Provide your new OFX account number to your online marketplace and start receiving sale proceeds directly into the account.
3
Take control
You decide when to convert your proceeds back to your home currency or set up automatic transfers. To stay in the loop, track your transfers and check balances online.
Benefits to the Online Sellers
Your Own Local Account
Collect global revenues in USD, EUR, GBP, CAD, AUD and HKD
Superior Exchange Rates
Make substantial savings on exchange rates and fees by using OFX.
Rapid Delivery
Get your funds home quickly.
No OFX Fees*
Save on fees. It’s free to sign up and OFX charges no fees to transfer your funds.
Fast Approval
Get approved within 4 business days and expand to new markets with one phone call.
24-Hour Support
Around the clock phone service – 24 hours a day, 7 days a week.
*Occasionally, third-party banks may deduct a fee from your transfer before paying your recipient. This fee may vary and OFX receives no portion of it.
Pricing & Fees
£0
to open an Online Seller account with OFX.
£0
to expand to new markets with additional accounts.
£0
monthly maintenance and 24/7 support.
1.5% (or less)
above the daily market exchange rate to transfer foreign currencies into your domestic bank account.
(depending on the amount transferred)
Tailored approaches for your business
Supplier payments
Call today to learn how to use OFX to pay suppliers. Same currency cross border payments? Yes, you can.
Target rate transfers (limit orders)
Transfer your money at the rate you want. With OFX, you won’t miss out if your target rate is reached overnight or while you’re busy.
Forward contracts
Secure an exchange rate for up to 12 months and help protect your profits from adverse exchange rate movements.
See what OFX can do for your business
We're listening. Tell us about your business and we'll help you create a custom currency strategy to simplify your global money transfers.
Frequently asked questions
How do I setup a Global Currency Account with OFX?
Creating an account can be done in 3 simple steps:
- Register: click ‘Register’ in the top right corner and fill in your details. There are no setup fees or monthly account fees.
- We’ll call you: After you have registered for an account, we will call you to complete the registration. We will ask you some basic questions including which currencies you want your local account to accept.
- Verification & Global Currency Account Opening: To verify your account, we will request some documentation. During the call, we will tell you which documents we require and direct you to our Secure Site to send them directly to the relevant team.
Please note, OFX accounts are normally approved within 4 business days. Following this, your local currency account details should be delivered within 2 business days.
Which currencies are available with the Global Currency Account?
Can I make payments out of my receiving account directly to my suppliers?
Yes! You can pay your vendors, suppliers, or taxes in multiple currencies at your preferred rate before bringing your profits home.
What fees do you charge for the Global Currency Account?
Global offices
4th Floor
The White Chapel Building
10 Whitechapel High St, London
E1 8QS
United Kingdom
London
49 Stevenson St
13th Floor
San Francisco
CA, 94105
USA
San Francisco
Level 19
60 Margaret St
Sydney
NSW 2000
Australia
Sydney
Suite 1002
145 King St West
Toronto, ON
M5H 1J8
Canada
Toronto
29F, Bonham Circus
40-44 Bonham Strand,
Sheung Wan,
Hong Kong
Hong Kong
Level 27, PWC Tower
188 Quay St
Auckland
New Zealand
Auckland
