Save with OFX bank-beating rates

OFX grew from the idea that there had to be a better, fairer way to move money around the world. That was 20 years ago, and we’re still driven by the same mission today.

So, what do we mean by "bank-beating rates"?

We take a fair approach to prices and work with an independent third party to review bank rates across multiple countries, and in multiple currencies. To make sure our prices are bank-beating, they conduct a monthly price comparison of OFX and 15 banking institutions across the globe.

Which banks are OFX rates compared with?

AU US CA UK
ANZ Bank of America CIBC Barclays Bank  
CBA Citi Bank HSBC Lloyds Bank
NAB JPMorgan Chase Scotiabank HSBC 
Westpac Wells Fargo TD RoyalBankofScotland/Natwest

The price comparison looks at how much it costs to send money internationally using OFX and each of the banks listed, between specified currencies on the same day.

What costs are being compared?

To make sure we’re comparing apples to apples, the price comparison takes into consideration the exchange rate, margin and fees. The cost is calculated on a single transfer in the following currencies on a specified date each month. It also shows the amount the recipient gets. 

$20,000 AUD to USD 

$20,000 USD to EUR 

£10,000 GBP to EUR 

$20,000 CAD to USD 


Savings are then calculated by looking at the average amount a customer would receive using the banks within each country and comparing this to the amount a customer would receive making the same transfer using OFX. 

The comparison savings provided is true only for the example given and may not include all fees and charges. Different currency exchange amounts, currency types, dates, times and other individual factors will result in different comparison savings. These results therefore may not be indicative of actual savings and should be used only as a guide.  

Who conducts the price comparison?

We use an independent third party, FXC Intelligence Ltd.  

Price comparison of OFX and 4 banks in Australia

What could you save using OFX vs. Bank?
Transfer AUD$20k to USD and you could get up to USD$620 more.
The comparison savings are based on a single transfer of AUD$20,000 to USD. Savings are calculated by comparing the exchange rate including margins and fees provided by each bank and OFX on the same day (21 September 2020). Pricing data is provided by an independent third party, FXC Intelligence Ltd. The comparison savings provided is true only for the example given and may not include all fees and charges. Different currency exchange amounts, currency types, dates, times and other individual factors will result in different comparison savings. These results therefore may not be indicative of actual savings and should be used only as a guide. The rate comparison chart is updated monthly.

Price comparison of OFX and 4 banks in the United States

What could you save using OFX vs. Bank?
Transfer USD$20k to EUR and you could get up to EUR€280 more.
The comparison savings are based on a single transfer of USD$20,000 to EUR. Savings are calculated by comparing the exchange rate including margins and fees provided by each bank and OFX on the same day (21 September 2020). Pricing data is provided by an independent third party, FXC Intelligence Ltd. The comparison savings provided is true only for the example given and may not include all fees and charges. Different currency exchange amounts, currency types, dates, times and other individual factors will result in different comparison savings. These results therefore may not be indicative of actual savings and should be used only as a guide. The rate comparison chart is updated monthly.

Price comparison of OFX and 4 banks in the United Kingdom

What could you save using OFX vs. Bank?
Transfer GBP£10k to EUR and you could get up to EUR€252 more.
The comparison savings are based on a single transfer of GBP£10,000 to EUR. Savings are calculated by comparing the exchange rate including margins and fees provided by each bank and OFX on the same day (21 September 2020). Pricing data is provided by an independent third party, FXC Intelligence Ltd. The comparison savings provided is true only for the example given and may not include all fees and charges. Different currency exchange amounts, currency types, dates, times and other individual factors will result in different comparison savings. These results therefore may not be indicative of actual savings and should be used only as a guide. The rate comparison chart is updated monthly.

Price comparison of OFX and 4 banks in Canada

What could you save using OFX vs. Bank?
Transfer CAD$20k to USD and you could get up to USD$292 more.
The comparison savings are based on a single transfer of CAD$20,000 to USD. Savings are calculated by comparing the exchange rate including margins and fees provided by each bank and OFX on the same day (21 September 2020). Pricing data is provided by an independent third party, FXC Intelligence Ltd. The comparison savings provided is true only for the example given and may not include all fees and charges. Different currency exchange amounts, currency types, dates, times and other individual factors will result in different comparison savings. These results therefore may not be indicative of actual savings and should be used only as a guide. The rate comparison chart is updated monthly.

Why choose OFX?

Regulated

Trusted globally

Trusted globally – We have offices in Australia, Canada, Hong Kong, Singapore, New Zealand, the UK and the USA.

global support team

Global support team

Our experienced support staff are in our global offices in Australia, USA, UK, Canada, New Zealand, Hong Kong and Singapore.

great rates

Great rates

We've got better rates and fees than the banks, and have securely transferred over AUD $100 billion worldwide since 1998.

2020 

OFX 2020 Annual Report (PDF)

OFX FY 2020 Results Investor Presentation (PDF)

OFX FY 2020 Results ASX Release (PDF)

OFX FY 2020 Appendix 4G (PDF)

OFX FY 2020 Appendix 4E Finanical Statements (PDF)

OFX FY 2020 Corporate Governance Statement (PDF)

 

OFX 1H20 Investor presentation (PDF)

OFX 1H20 ASX Announcement (PDF)

OFX 1H20 Appendix 4D and Financial Statement (PDF)

 

2019 

OFX FY 2019 Preliminary Final Report (Appendix 4E) (PDF)

OFX FY 2019 Annual Report to shareholders (PDF)

OFX FY 2019 Results Announcement (PDF)

OFX FY 2019 Results Investor Presentation (PDF)

OFX FY 2019 Appendix 4G (PDF)

 

OFX 1H19 Appendix 4D Finanical Statements (PDF)

OFX 1H19 Results ASX Release  (PDF)

OFX 1H19 Investor Presentation (PDF)

 

2018 

OFX FY 2018 Preliminary Final Report (Appendix 4E) (PDF)

OFX FY 2018 Annual Report to shareholders (PDF)

OFX FY 2018 Results Announcement (PDF)

OFX FY 2018 Results Investor Presentation (PDF)

OFX FY 2018 Appendix 4G (PDF)

 

OFX 1H18 Appendix 4D Finanical Statements (PDF)

OFX 1H18 Results ASX Release  (PDF)

OFX 1H18 Investor Presentation (PDF)

 

2017 

OFX FY 2017 Results ASX Release (PDF)

OFX FY 2017 Results Presentation (PDF)

OFX FY 2017 Results Webcast (External Link)

OFX FY 2017 Appendix 4E (PDF)

OFX FY 2017 Appendix 4G(PDF)

 

OFX 1H17 Results Presentation (External Link)

OFX 1H17 Results Presentation (PDF)

OFX 1H17 Half Year Report (PDF)

OFX 1H17 Media Release (PDF)

OFX 2017 Mandatory Direct Credit Policy (PDF)

OFX 2017 Appendix 3A1 Notification of Dividend (PDF)

 

2016

OFX FY 2016 Results Presentation (External link)

OFX FY 2016 Results (PDF)

OFX FY 2016 Results Webcast (External link)

OFX FY 2016 Appendix 4E (PDF)

OFX FY 2016 Appendix 4G (PDF)

OFX FY 2016 Media Release (PDF)

 

OzForex 1H16 Results Presentation (External link)

OzForex 1H16 Results Presentation (PDF)

OzForex 1H16 Half Year Report (PDF)

OzForex 1H16 Media Release (PDF)

 

2015

OzForex 2015 Full Year Results Presentation (External link)

OzForex 2015 Full Year Results Presentation (PDF)

OzForex 2015 Annual Report (PDF)

OzForex 2015 Appendix 4E (PDF)

OzForex 2015 Appendix 4G (PDF)

OzForex 2015 Corporate Governance Statement (PDF)

OzForex 2015 Media Release (PDF)

 

OzForex 2015 Half Year Results Presentation (PDF)

OzForex 2015 Half Year Report (PDF)

OzForex 2015 Half Year Media Release (PDF)

 

2014

OzForex Full Year 2014 Results Accounts and Reports (PDF)

OzForex Full Year 2014 Results Media Release (PDF)

OzForex Full Year 2014 Results Presentation (PDF)

 

OzForex Half Year 2014 Results Accounts and Reports (PDF)

OzForex Half Year 2014 Results Media Release (PDF)

OzForex Half Year 2014 Results Presentation (PDF)