How do I add a new recipient?
Adding details for a foreign bank account can be confusing at first. Follow our simple guide below.
- Login to your OFX account
- Select the “Recipient” tab, then “New Recipient” or “create a new recipient” on the home page.
- Choose if you are sending to your own account or someone else’s.
- Next you need to tell us what country and currency you need to send. This will determine what type of bank information is required
- Enter the name on the account. Avoid using initials where possible.
- The next section will ask for the bank account details. Depending where the account is held this can have many names. If in doubt we suggest you go back to the account holder with the titles on the text field OFX has provided and ask for the information.
- The next section is for the bank details. Most time this will be automatically filled for you from the previous information you entered.
- Lastly, if you are sending to someone else’s bank account, we will need their address. You can also add their email address if you would like them to receive an email advising when payment has been made to their account.
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More Online Seller FAQs
- Are my funds secure?
- Are there any account or transfer fees?
- Can I make payments out of my receiving account directly to my suppliers?
- Can I obtain a certificate to verify my receiving account details?
- Can I use my receiving account details with more than one marketplace?
- Can I view a history of my transfers?
- Do I need to provide documents when I register?
- Do the documents need to be notarised or certified?
- How do I enter the bank details for my home account on the OFX website?
- How do I upload my receiving account details to my online marketplaces?
- How long does it take to open an account with OFX and receive my receiving account details?
- Is there a minimum amount of time I must have an OFX account for?
- What is the transfer process and how long will it take?
- Which currencies are available with the Global Currency Account?
- Which online marketplaces are compatible with the receiving accounts?
- Will I be notified when my receiving account receives funds?
- Who else can send money to my receiving account?