1. Use a Reliable Online Transfer Service Instead of Your Bank
When you use a bank to transfer funds internationally, they’ll not only charge you a fixed fee, but will also add a margin (usually up to 5%) on the Interbank Rate. That means you could be paying up to $500 on a $10,000 transfer in addition to hefty fees.
At OFX, we think that’s too much, and we’ve built a global business around giving people like you a better deal. Think of it like this: if you were to buy a luxury vehicle from overseas, using OFX to transfer your money could save you enough to cover the cost of shipping.