Personal
Reasons For Transfer

International Money Transfers

Take a look below at some of the reasons people send money with us

According to the UN, just over 3% of the global population are expats--living in a country other than where they were born. If you’re thinking of moving abroad, there will be tons to learn about your new home. Before you go, check out these tips from people who have been there and lived it.

1. Don’t use your bank to transfer money. Whether you’re buying a house, paying for school, or transferring retirement income, transferring money with your bank may well be your most expensive option. The margins on foreign exchange rates can be up to 5%, if you use your bank, and there are often additional fees at both ends of the transaction. Instead, use a forex transfer service like OFX. OFX has consistently low margins across all major currencies and the money usually arrives faster than other forex transfer services including peer-to-peer transfer services which can take days to find a buyer on the other end. Register now

Money

2. Try before you buy. You’d be surprised how many people uproot their lives before spending a reasonable amount of time at their destination. Before you make a permanent move, check out your new locale in the off-season, and see if it’s still as amazing as you thought.

Holiday first

3. Get your paperwork in order. From birth certificates to background checks, you can facilitate your job hunt, visa processing and general government admin, if you take the time to collect as many of your documents as you can ahead of time. Most major companies these days use verification services to ensure your resume is accurate, so make copies of your degrees or transcripts before you go. In addition, multinational companies may want documentation of your prior achievements, so keep a record of your accomplishments that you can furnish at a later date.

Paperwork

4. Make good use of social networks. Whether you tap into the local expat community or just use Facebook to keep in touch with old friends, social networks are critical to prevent the isolation that can occur when moving abroad. Use services like MeetUp.com to find like-minded individuals in your area and take advantage of free software like Skype to stay close to loved ones back home.

5. Be flexible. When you relocate, you’ll have so many decisions to make that it’s easy to get overwhelmed. Do as much research as you can before you go and know that you will almost certainly make some mistakes. If you find yourself in the wrong neighbourhood, school or job, don’t hesitate to change course.

Moving

6. Embrace less. It can be so hard to get rid of stuff, but anyone who moves frequently can attest that things can quickly become a burden. Cull your keepsakes and opt for digital versions of books and music. You often won’t know what you’ll really need until you get to your new home. Pack the essentials and expect to buy the rest as needed.

Minimal Room

7. Use group buying sites. To get cheap access to major tourist attractions and travel around on the cheap, sign up for group buying sites like Groupon and LivingSocial. Reading through their daily newsletters is a simple way to learn what’s going on nearby. The competitive pricing can make it easier to tick off your travel list, if you can be flexible about when you go and where you stay.

8. Learn the language from day one. Every step you take in learning the language of your host nation brings you closer to the culture. While you may never get to speaking fluent Russian, a few words engender a lot of goodwill, so make the language a priority--if for no other reason than to simplify your trips to the grocery store.

9. Live like a local. Whether it’s harvesting berries in Lapland or sipping wine in France, it’s so important to enjoy the simple pleasures in your new home.

Paris

10. Read up. You’ll never learn everything there is to know about your destination but having a bit of cultural context is essential for a successful experience. You should attempt to have a basic understanding of the political system as well as the major issues of the day. Extra points if you pick up fiction or memoirs about your new home.

Moving overseas?

A new world is waiting, make sure your funds are too.

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Wherever you go have your savings follow

Funding life's next adventure

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Sending money back home?

They welcome your support, you'll welcome our rates.

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Getting married overseas?

Your overseas wedding paid without a hitch.

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Studying overseas?

Transfer their fees without needing a maths degree

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Limited edition import?

Limit the transfer fees on your limited edition import.

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Buying property overseas?

You exchange the contracts, we'll exchange the currency

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Transferring for the first time? Check out our FAQs to get started

How do I make a transfer?

It’s easy to OFX your money transfer in 3 simple steps.

Register, get verified and login.
Enter your recipient’s bank account details and lock-in your transfer.
Simply send your funds to us via BPAY or Electronic Funds Transfer and we’ll do the rest!

Our global network of bank accounts ensures that your funds are converted and delivered to your recipient quickly and securely.

What should I do after I’ve locked-in my transfer and sent my funds to OFX?

Relax, because when you OFX it you can rest assured knowing your money is in safe hands.

After we’ve received your funds, we’ll complete the transfer and email you confirmation that the funds have been deposited into your recipient’s account.

Simple, swift and secure.

Do you have a minimum transfer amount?

Yes. We’ve recently lowered our minimum transfer amount to AUD 250.00, giving you even more flexibility when it comes to making global transfers.

What currencies can I make a transfer with OFX?

Lots. With 115 bank accounts in our global network and 55 currencies (and counting) to make a transfer with, chances are you can OFX it.

Along with all the major global currencies, we have a wide range of exotic currencies to choose from. Simply select your currencies to transfer with in our currency converter and we’ll tell if you can make a transfer and how long it should take.

Below is a full list of our supported currencies.

Standard

AED	United Arab Emirates Dirham
AUD	Australian Dollar
CAD	Canadian Dollar
CHF	Swiss Franc
DKK	Danish Kroner
EUR	Euro
GBP	Pound Sterling
HKD	Hong Kong Dollar
HUF	Hungarian Forint
ILS	Israeli Shekel
JPY	Japanese Yen
MXN	Mexican Peso
NOK	Norwegian Kroner
NZD	New Zealand Dollar
PLN	Polish Zloty
SEK	Swedish Kroner
SGD	Singapore Dollar
THB	Thailand Baht
TRY	Turkish Lira
USD	US Dollar
ZAR	South African Rand

Exotics

AZN	Azerbaijani Minat
BGN	Bulgarian Lev
BHD	Bahraini Dinar
BND	Brunei Dollar
CNY*	Chinese Yuan Renminbi
CZK	Czech Koruna
EGP	Egyptian Pound
FJD	Fiji Dollar
IDR	Indonesian Rupiah
INR	Indian Rupees
KRW	South Korean Won
KWD	Kuwaiti Dinar
LKR	Sri Lankan Rupee
MAD	Moroccan Dirham
MGA	Malagasy Ariary
MYR	Malaysian Ringgit
OMR	Omani Rial
PEN	Peruvian Nuevo Sol
PGK	Papua New Guinea Kina
PHP	Philippine Peso
PKR	Pakistan Rupee
RUB	Russian Ruble
SAR	Saudi Riyal
SBD	Solomon Island Dollar
SCR	Seychelles Rupee
TOP	Tongan Pa anga
TWD	Taiwanese Dollar
TZN	Tanzanian Shilling
VEF	Venezuelan Bolivar Fuerte
VND	Vietnamese Dong
VUV	Vanuatu Vatu
WST	Samoan Talar
XOF	CFA Franc
XPF	CFP Franc

*Business customers only

Are there any transfer fees?

At OFX we have one standard fee of AUD 15 if you’re transferring under AUD 10,000. If you’re transferring more than AUD 10,000, we won’t charge you a transfer fee. (Yes, it’s that simple!)

Occasionally, third-party banks may deduct a fee from your transfer before paying your recipient. This fee may vary and OFX receives no portion of it. If you’re concerned, simply talk to one of our team members to discuss your transfer.

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Regulated

We're regulated by MAS (Monetary Authority of Singapore) and our parent company is listed on the Australian Securities Exchange (ASX).

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

We've got great rates and have securely transferred over $100 billion worldwide since 1998.

Please note: we don’t make transfers in cash or travellers cheques, or accept payment by credit card, cash or cheque. The minimum transfer amount is AUD 250 or equivalent.