International payments don’t have to be complicated, expensive, or stressful. We’ve spent over two decades building a better way to move money across borders — one that keeps your costs low, your transfers fast, and your business in control.
Over a million clients trust us to deliver more value for every dollar transferred.
How do we deliver such great exchange rates?
Saving our clients money is what drives us, but how do we do it?
There are 3 main ways OFX works hard to provide you with excellent service while keeping our rates competitive.
1. Digital-first. Always on.
OFX is built to be digital-first. That’s not a buzzword. It’s a principle.
Our platform is entirely online. No branches, no waiting rooms, no extra overheads driving up your costs. However, our commitment to being your trusted ally in global payments means you remain fully supported by our expert team over phone or chat, whenever you need us.
Automation handles repetitive tasks. That means your transfer processes are faster, more accurate, and less work for your team.
Being digital also gives you freedom and flexibility. You can log in, set up transfers, track payments, and manage your currency exposure — all on your own schedule. Day or night, across multiple currencies, with a clear audit trail you can trust.
Think of it as control without compromise. You don’t have to choose between speed, security and support. You get them all in one.
2. Transparent fees. Predictable costs.
Low rates are only part of the story. Sometimes a provider will quote you a great deal or price, only for you to be disappointed that the final cost is way more than you expect – bloated with hidden costs or vague additional fees.
We don’t believe in extra or hidden fees. We work hard to ensure what you pay is fair and reasonable.
Any fees or transfer costs are clearly shown on quotes and are added into the total amount, so your costs are simple and predictable. You can trust that your money is being spent on fulfilling your transfer, not a vague ‘administration fee’.
The OFX promise is what you see is what you pay, so you can plan with confidence. No hidden costs. No surprises.
3. Multi-currency accounts. Built for control.
Competitive rates are important, but control over when and how you convert? That’s where strategy begins.
Our OFX Global Business Account is a multi-currency account that gives you the flexibility to hold, convert, and pay in multiple currencies on your terms.
You can choose how to manage your conversions:
- Convert a lump sum – Take advantage of a great rate and convert a large amount of funds, to use at a later date.
- No further conversions – Receive, hold and pay, all from a single account.
Convert a lump sum. Use when you’re ready.
With a traditional, single-currency account, funds are often automatically converted at the moment a payment is processed, whether the rate works for you or not. A multi-currency account changes that.
Instead of converting funds automatically at the moment a payment is processed, you can choose to make a single conversion, saving money by only paying the cost of conversion, once.
It’s a great method if you have a number of USD payments to make over the next three months. Instead of converting each time a bill is due, you convert a single amount at a competitive rate, then pay each bill or invoice from your converted amount.
One conversion. One cost. You’d be surprised how much this could save you over time.
EUR in. EUR out. No unnecessary conversions.
This method can help you save even more, because it eliminates the need for conversions.
For example, if you open a EUR account, add funds, and then pay and receive, directly from that account – you won’t need to pay for any conversion costs. It makes the process simple and keeps your costs down.
And it’s not just for EUR. You can have accounts for USD, GBP, and other supported currencies.
The takeaway with a multi-currency account, is that you can make fewer conversions, and have more control over your FX strategy.
FX costs, under control.
Reduce FX costs across every market with the OFX Global Business Account — competitive rates, low fees, no surprises.
Smarter tools for smarter decisions.
Get to know the tool that can help you manage risk and protect your business:
- Forward Contracts: Lock in rates for future payments, so currency swings don’t affect your budget.*
- Limit Orders: Set target rates, and we execute the transfer when conditions meet your targets.**
It’s not just about moving money. It’s about making every transfer work for you.
*If you book a Forward Contract, it may mean losing out if the market rate improves because you’re contracted to settle at the agreed rate. This means you benefit if the market rate worsens, but you lose out if the market rate improves.
**If you book a Limit Order, it may mean losing out if the Market Rate continues to move above your Target Rate. There is no guarantee that your desired rate will be reached. Once the order is triggered, the transfer is binding and cannot be voided.
Why OFX stands out in a crowd.
OFX isn’t just another money transfer service. We’re a trusted ally for your business, offering clarity, control, and value every step of the way.
Here’s what makes us different:
- Competitive rates: Our exchange rates are typically much closer to the Interbank rate meaning more money back in your business.
- Digital-first convenience: Transfers, approvals, and tracking all in one platform, available 24/7.
- Global reach: Over 170 countries, 30+ currencies. Send money almost anywhere without friction.
- Simplify global spending: OFX Corporate Cards give you control over spending with built-in limits, easy payment tracking, and paying in multiple currencies without extra conversion fees.
- Controlled spending: OFX Spend Management gives you real‑time visibility, automated approvals, and global spend limits in one platform.
- Integration-ready: Connect with your accounting, ERP, or treasury systems for streamlined workflows. Plus our Global Business Account integrates your global and domestic payments, all in one place. No need for manual reconciling between workflows.
- Risk management tools: Forward Contracts and Limit Orders let you lock in rates or limit exposure to currency fluctuations. You can act proactively, not reactively.
When you combine network, technology, and expertise, you get a platform that empowers your business. One that keeps costs low while giving you confidence and control.
