Money transfer types
Global transfers, competitive FX rates
Need to make international transfers now, later, or when a target rate is reached? We can help move your money quickly and securely. Plus, enjoy a special intro rate on your first personal transfer.
Global money transfers made easy
Secure
: We’re regularly audited and are regulated by over 50 regulators globally
We know FX:
Over the past 25+ years, more than 1 million clients have trusted us to move their money globally
Spot Transfers
When every second counts, send money instantly in 30+ currencies. New to OFX? Take advantage of our special intro rate.
Forward Contract
Lock in a rate for up to 12 months to help protect against market moves.
Limit Orders
Tell us how much you want to send and your ideal rate. If it hits, we’ll action the transfer.
Regular payments
Set up routine payments for your rent, mortgage or pension for up to 12 months.
Have a question? Need some help?
We provide 24/7 client service and support. Email us or call us anytime. We’re here to help.
Send money to over 170 countries (and counting)
Quick, secure, global payments to over 50 currencies
Ready to move money? Do it simply, securely, and at a great rate.
Money Transfer FAQs
What is a Forward Contract, and when is it used?
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 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 those 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 foreign exchange risk: OFX
OFX offers a number of alternatives that help you manage your personal foreign exchange risk.
- Our Forward 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.
- 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.
Talk to one of our dedicated OFX specialists today to develop a currency strategy that’s right for you.