How Long Money Transfers Take

OFX provides a fast and simple way to send your money internationally. The amount of time it takes to send money abroad depends on a number of factors; notably where you are sending the money to, the currency you are sending, your payment choice (Direct Debit, PingIt, Bill Payment etc.) as well as a few other things.

Below is an indicative guide to how long it takes for your funds to arrive when using OFX. To work out the delivery time, add the amount of time it takes for OFX to receive your funds plus the amount of time it takes for a payment to arrive in your beneficiary’s account.

From Currency Process 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

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)
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 EEA

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.