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What is a forward exchange contract?
If you need to lock in a rate but aren’t quite ready to transfer now, our Buy Now, Transfer Later tool (known as a Forward Exchange Contract) may be right for you. This tool allows you to lock in a rate today for up to twelve months in the future, protecting you against possible unfavorable exchange rate movements.
More Ways To Transfer FAQs
- Can I extend the maturity date of my transfer?
- Can I lock-in a rate before I send you my funds?
- Do I need to pay a deposit for a recurring transfer?
- How do I set up a recurring transfer?
- How much does it cost to set up a recurring transfer?
- How to Transfer Money from One Bank Account to Another
- What are the different ways to transfer money?
- What is a single transfer?
- What’s the best way to send money online?
- Do I still need to remember any security questions associated with my OFX account?
- I received an SMS text message but I was not trying to access my account. What do I do?
- I am overseas and am unable to receive the SMS verification code. What should I do?
- My mobile number has changed or OFX doesn’t have my mobile number, so how can I receive the SMS verification code? What should I do?
- What is a wire transfer?
- What is peer-to-peer money transfer?
- What is the difference between a Forward Exchange Contract, a Limit Order and an FX Option?
