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Transfer money online now or save time and money on future transfers

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Global money transfers made easy

  • Send money from A to B fast in 50+ currencies
  • Save money with OFX’s bank-beating rates
  • Transfer online, in-app or over the phone
  • Products to plan ahead for future transfers
How to transfer with OFX

Planning ahead for future transfers

Limit Orders

Tell us how much you want to send and your ideal rate. If it hits, we’ll action the transfer. 

Limit Orders

Forward Contracts

Lock in a rate for up to 12 months to help protect against market moves.

Forward Contracts

Regular payments

Set up routine payments for your rent, mortgage or pension for up to 12 months.

Regular payments

Streamlined global transfers for businesses

Local currency accounts for your business

Manage the currencies you pay and get paid in, all from one simple dashboard.

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FX risk management know-how

Help protect your profits from currency volatility with help from an OFXpert.

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Products to help you plan ahead

Fix or target rates for future transfers to meet your foreign exchange budget.

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FX. It’s what we do.

Managing your money globally doesn’t have to be complicated. Our OFXperts can help you navigate issues and complexity, breaking foreign exchange down so it’s simple and easy to understand.

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Glossary

Send money to over 170 countries

Australia
Germany
Italy
New Zealand
Spain
Canada
Hong Kong
Japan
Philippines
Thailand
China
India
Mexico
Poland
United Kingdom
France
Ireland
Netherlands
South Africa
United States
See full list of countries

Quick, secure, global payments in 50+ currencies from the USA

See full list of currencies

Ready to move money? Do it simply, securely, and at a great rate.

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How it works

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General FAQs

What is a Forward Contract, and when is it used?

A Forward Contract is an arrangement that allows you to transfer money at some time (up to 12 months) in the future at an exchange rate that you agree to now, so that you know what the exchange rate will be at the time the transaction takes place. This allows you to avoid the risks and uncertainties associated with adverse exchange rate movements.

Forward Contract pros and cons

A Forward Contract may be beneficial for business and individuals if exchange rates are particularly attractive now, and you want to lock in that rate to hedge against uncertainty in the future. This can be especially helpful for small businesses who want to keep their cash flows predictable when buying or selling overseas. 

However, a Forward Contract precludes you from taking advantage of further beneficial movements, if your currency pair continues to move in a profitable way. To avoid missing out on further profitable movements, some people use a Forward Contract for a smaller portion of their total payment (say 50%) as a way to hedge against volatility.

A better way to manage risk: OFX

OFX offers a number of alternatives that help you manage your business and personal foreign exchange risk. 

  1. Our Forward Contract lets you buy now but transfer later. This lets you lock in a bank-beating rate even if you aren’t ready to transfer your money immediately. Whether you need to book your transfer two days from now or a year from now, you’ll be protected against exchange rate fluctuations.
  2. With our Limit Orders option, you won’t have to miss your target rate if it happens overnight or while you’re busy. Instead, you can set your rate and, once triggered, we’ll get in touch to let you know you can complete your transfer.

Talk to one of our dedicated dealers today to develop a currency strategy that’s right for you.

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