Regular overseas payments
Arrange recurring payments for up to 12 months
Make recurring payments effortless. Whether it’s for bills, family support, a property overseas or your pension. With our competitive FX rates and automated regular payments, you can save time and money, ensuring your loved ones or commitments abroad are always taken care of.
Recurring global payments that run like clockwork
Global reach
Send money in 50+ currencies to 170+ countries
Helpful reminders
Email confirmations and a reminder of when your last payment is approaching
Set and forget
Save time with scheduled payments for your routine costs for up to 12 months
Expertise
Over the past 25+ years, more than 1 million clients have trusted us to move their money globally
Pay your overseas mortgage or rent with ease
Schedule payments for up to 12 months. Ideal for routine outgoings like mortgages, rent or family support. We’ll make sure your money gets where it needs to be, when it needs to be there.
Access your foreign savings, salary or pension
Living abroad and need to transfer your hard-earned savings? Save time and keep more of your money by setting up Regular Payments.
Pay tuition fees without the stress and hassle
Need to pay tuition fees on a regular basis? Set and forget with OFX Regular Payments. After initial setup with the help of a specialist, we can complete your payments for the school year.
Ready to set recurring payments that run like clockwork? Open your FREE account today
More foreign exchange tools to help you save time
Tired of watching exchange rates?
Set a Rate Alert and we’ll send you an email or SMS when your target rate is reached.
Happy to wait for the right rate?
Tell us how much you want to send and your ideal rate. If it hits, we’ll action the transfer.
Fix a rate for your future transfers
With a Forward Contract you can lock in a rate for up to 12 months to protect against market moves.
Your security is our priority
Our 25+ year business was built on secure global payments. We are authorised by the Financial Conduct Authority as an Electronic Money Institution (Firm Ref. No. 902028).
Regular Payment FAQs
How can I send funds for my Regular Payment installments?
Direct Debit
If you’re sending Australian dollars, United States dollars, Canadian dollars, or Great British Pounds for your Regular Payments, you can use Direct Debit. You can link your bank account to your OFX account to simplify this process and transfer your funds quickly. Please note, that a signed direct debit authority form is required.
Bank transfer
For other major currencies, we recommend setting up a recurring payment with your bank to avoid missing payments. This means that your bank will automatically initiate an online bank transfer to OFX on your required dates. You can refer to your OFX confirmation email to specify the dates you need to make a payment.
You can also initiate an online bank transfer directly from your bank prior to each scheduled payment.
How much does it cost to set up Regular Payments?
There are no setup fees for Regular Payments.
Should you choose to fix a rate using a Forward Contract for the duration of your payment schedule in advance, OFX may require a deposit. For more information contact a specialist.
What happens if I want to cancel my Regular Payments?
If you decide to cancel your regular payments part way through the agreed term, a fee could apply depending on the structure of how the payments were set up. Speak to an OFX specialist if you have any questions.
Have a question? Need some help?
We provide 24/7 client service and support. Email us or call us anytime. We are here to help.
