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Transfer money online now or save time and money on future transfers

Global money transfers made easy

  • Send money from A to B fast in 50+ currencies
  • Save money with OFX’s great rates
  • Transfer online, in-app or over the phone
  • Products to plan ahead for future transfers

Planning ahead for future transfers

Limit Orders

Tell us how much you want to send and your ideal rate. If it hits, we’ll action the transfer. 

Forward Contracts

Lock in a rate for up to 12 months to help protect against market moves.

Regular payments

Set up routine payments for your rent, mortgage or pension for up to 12 months.

Streamlined global transfers for businesses

Local currency accounts for your business

Manage the currencies you pay and get paid in, all from one simple dashboard.

FX risk management know-how

Help protect your profits from currency volatility with help from an OFXpert.

Products to help you plan ahead

Fix or target rates for future transfers to meet your foreign exchange budget.

FX. It’s what we do.

Managing your money globally doesn’t have to be complicated. Our OFXperts can help you navigate issues and complexity, breaking foreign exchange down so it’s simple and easy to understand.

Ready to move money? Do it simply, securely, and at a great rate.

How it works

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General FAQs

A Forward Contract is an arrangement that allows you to transfer money at some time (up to 12 months) in the future at an exchange rate that you agree to now, so that you know what the exchange rate will be at the time the transaction takes place. This allows you to avoid the risks and uncertainties associated with adverse exchange rate movements.

Forward Contract pros and cons

A Forward Contract may be beneficial for eligible businesses if exchange rates are particularly attractive now, and you want to lock in that rate to hedge against uncertainty in the future. This can be especially helpful for small businesses who want to keep their cash flows predictable when buying or selling overseas.

However, a Forward Contract precludes you from taking advantage of further beneficial movements, if your currency pair continues to move in a profitable way. To avoid missing out on further profitable movements, some people use a Forward Contract for a smaller portion of their total payment (say 50%) as a way to hedge against volatility.

A better way to manage risk: OFX

OFX offers a number of alternatives that help you manage your business and personal foreign exchange risk.

  1. Our Forward Exchange Contract lets you buy now but transfer later. This lets you lock in a great rate even if you aren’t ready to transfer your money immediately. Whether you need to book your transfer two days from now or a year from now, you’ll be protected against exchange rate fluctuations.
  2. With our Limit Orders option, you won’t have to miss your target rate if it happens overnight or while you’re busy. Instead, you can set your rate and, once triggered, we’ll get in touch to let you know you can complete your transfer.
  3. With an FX Option, you retain the right but not the obligation to transfer funds at an agreed rate at a later date. You pay a small premium on the option to gain protection against exchange rate shifts while being able to profit if the exchange rate shifts in your favor.

Talk to one of our OFXperts today to find out if a Forward Contract is right for your business.

Note: Forward Contracts in Hong Kong are only available for specific business purposes, please read the T&Cs for forward contracts.