Sorry to be the bearer of bad news.
Unfortunately, OFX cannot send money to these countries. On the upside, we may be able to help you send money to another destination.
Ways to Transfer FAQs
Need to send money swiftly and securely right now? Our single transfer option may be right for you.
Also known as a “Spot Deal,” a single transfer means you can lock-in the current exchange rate and start sending your money to your recipient.
Legally you’re required to send your funds to us within 24 hours of locking-in the deal. Then we’ll send your funds to your recipient using our global network of bank accounts.
Our range of risk management transfer options all help you to manage the risk associated with larger transfers and provide benefits for both personal and business transfers.
Forward Exchange Contracts allow you to “buy now, transfer later.” This could be right for you if you want to lock-in the current exchange rate but aren’t ready to make the transfer now. You can schedule your transfer between two days to twelve months from today, protecting you from rate fluctuations. Please note there is a minimum transfer amount of AUD 50,000 or equivalent.
With our Limit Order you can set your target rate and once it’s triggered we’ll contact you to complete your transfer. This means we’ll watch the market for when you can’t, so you save time as well as your money with our great exchange rates. Our minimum transfer amount for Limit Orders is AUD 30,000 or equivalent and is valid for up to 6 months.
An FX Option gives you the right, not obligation, to make a money transfer at a certain exchange rate and time for an up-front premium. We like to think of it as being the best of both worlds, giving you protection against adverse rate movements while allowing you flexibility to take advantage of favourable rate movements. The minimum transfer amount is AUD 50,000 or equivalent and is only available for clients based in Australia.
If you would like to learn more about our other ways to transfer, click here. If you’d like to make a transfer with any of the above ways to transfer, please give us a call and one of our team members will help you get started.
Please note, Forward Exchange Contracts, Limit Orders and FX Options carry risk. Please speak with us or refer to our PDS for more information.
- Speak with one of our team members who will give you a quote for a recurring transfer plan.
- We’ll send you a Regular Transfers Form. Once this is signed and returned, you’re ready to lock-in your transfer plan.
- Once you accept the quote, you’re required to pay the first instalment and an advance payment (deposit), the amount of one instalment.
- We’ll transfer the agreed amount to your recipient’s account according to your transfer schedule.
- You can also set up Direct Debit or make regular Electronic Funds Transfers to us in order to ensure you never miss a transfer.
Whether you’re making a personal or business transfer, we’ve got a way to transfer to suit your needs. So no matter where, when or what your transfer is for, OFX it.
If you want to make a one-off money transfer, our single transfer may be for you. If you’d like to make multiple transfers, perhaps for regular mortgage or business payments overseas, our recurring transfers will allow you to set up an automated transfer schedule.
Beyond our instant transfer options are Forward Exchange Contracts, Limit Orders and FX Options which help manage your transfer risk. These are suitable for larger transfer amounts and provide you with a degree of rate security with added flexibility to take advantage of the market.