Helping businesses realise their global ambitions
Business moves fast. So do we.
If risk management sounds too complicated, we’ve got you
Don’t wait until currency rate fluctuations hurt your bottom line before you make a plan. From defining your objectives and exploring the right combination of products, to building risk management plans, our OFXperts can help tailor an approach for your business.
Discover a better way to pay and get paid with our Global Currency Account
Receive payments in up to 7 currencies from clients, marketplaces or payment gateways. Use your local currency accounts to pay taxes, fees, vendors or suppliers, skipping unnecessary conversion costs. Hold currency in your account for as long as you need to and when the time is right, convert to your home currency at OFX’s great rates.
Ready to move money? Do it simply, securely, and at a great rate.
Tools to help currency confidence
Currency Outlook, your monthly cheat sheet
Markets can be confusing, that’s why we created a straightforward, jargon-free guide to what could impact your exchange rates each month.
Never miss a rate with Rate Alerts
Got a rate in mind? Set up a Rate Alert and we’ll send you an email or SMS if the target is reached.
Check your currency’s past performance
See your currency pair’s past performance over the last few days, weeks, months, or even years.
See exchange rate cost scenarios
Exchange rates can shift between the time you receive an invoice and its due date. Try our Currency Risk Calculator to see realistic cost scenarios.
Send money to over 170 countries
Quick, secure, global payments to more than 50 currencies
Businesses we work with
Multiple currency accounts in one dashboard
Tom Hintze, Director of Operations, Mr Pool Man
Payments to suppliers and vendors around the world
Alexander Babich, Co-Founder and Director, Kulani Kinis
Protection with flexibility
Allan Handley, Finance Director, Whisper Films
With offices around the world, we’re on-hand to answer questions 24/7
FAQs
Can I open a foreign currency business account?
The OFX Global Currency Account gives you a virtual currency account in a selected currency in your business’s name, so you can receive from international clients, marketplaces or payment gateways in foreign currencies.
Your currency accounts are held in the country of the currency and, just like a bank account, you can see your credits, debits and your balance.
Add account details to your invoices to receive from clients in up to 7 foreign currencies (USD, AUD, HKD, SGD, EUR, CAD and GBP).
Or, use your business account details to connect to marketplaces and payment gateways and receive funds in up to 9 currencies (USD, AUD, HKD, SGD, EUR, CAD, GBP, JPY and PLN).
Convert to your home currency when the time is right, or use funds to pay business expenses. Either way, you’ll have access to our great FX rates.
Once we’ve received your funds, most transfers to major currencies, like euros or US dollars, are made within 1 to 2 business days. But some currencies can take longer. The currency, your recipient’s bank, weekends or public holidays, and the country you are sending to may impact transfer time. You can track your transfers online, in the OFX app, or call an OFXpert.
Our Customer Rate is the current market rate plus a small margin charged by OFX. The market rate, also known as the “interbank rate” or the “mid-market rate,” is the exchange rate used by large financial institutions such as banks. Generally, it isn’t available to consumers although it is used to benchmark the current value of currency globally.
Each OFX customer may get a different rate depending on the market rate, the amount you need to send, how often, and the currency you need. To see your customer rate, log in to you account or talk to an OFXpert. If you don’t have an account yet, sign up here.
Talk currency for business with an OFXpert
Our experienced team can help you plan to protect against fluctuating exchange rates and simplify your global money transfers
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