What is a Money Transfer?

RAPID TRANSFERS

Rapid Transfers

Rapid transfers are our most popular way to transfer. When you need to send or receive money right away, simply lock in our OFX customer rate, send us your funds, and let us do the rest.

Single Transfers

Single transfers, or “Spot Deals” allow you to lock-in our great rate, send us your funds and let us do the rest. Whether you’re sending or receiving funds, we make it simple, swift and secure.

Locked-in OFX rates
Fast transfers
Minimum transfer USD 150

Recurring Transfers

These are ideal for recurring transfers such as a monthly mortgage or quarterly school fees. Whatever your needs are, our recurring transfers are scheduled to ensure you’re on time, every time. Simply set up a transfer schedule and leave the rest to us.

Zero OFX fees & direct debit available
Minimum 4 transfers
Minimum transfer USD 250

Ready to OFX it? Start your rapid transfer now

Risk Management

We can help manage your personal and business foreign exchange risk with a variety of transfer options.

Buy now, transfer later

If you need to lock in a rate but aren’t ready to transfer now, our Forward Exchange Contract may be for you. You can book transfers between two days and twelve months from today, protecting you against exchange rate movements.

Locked-in OFX rates
Manage your cash flow
Minimum USD 30,000

Set your target rate transfer (limit order)

Target Rate Transfers (Limit Orders) allow you to set your target rate, 24 hours a day, 5 days a week. This ensures you don’t miss out if your target rate is reached overnight or while you’re out with family and friends. Once your target rate is triggered, we'll contact you to complete your transfer.

Minimum USD 30,000
Valid up to 6 months

Ready to OFX it? Start your risk management transfer now

Ways to Transfer FAQs

What are my transfer options with OFX?

Whether you’re making a personal or business transfer, we’ve got transfer options to suit your needs. So no matter where, when or what your transfer is for, OFX it.

If you want to make a one-off money transfer, our single transfer may be for you. If you’d like to make multiple transfers, perhaps for regular mortgage or business payments overseas, our recurring transfers will allow you to set up an automated transfer schedule.

Beyond our rapid transfer options are Forward Exchange Contracts and Target Rate Orders which help manage your transfer risk. These are suitable for larger transfer amounts and provide you with a degree of rate security with added flexibility to take advantage of the market.

Find out more about our ways to transfer.

I’m not sure what option is best for me. Can you help?

We are always happy to discuss your options with you!

Whist we cannot offer personal advice, it all depends on your situation and needs. You may be limited by time constraints whether it be a house settlement or relocation. Sometimes you may not feel the FX Market and Rates are where you’d expect them to be so if you’re not sure of exactly which product is best for you, feel free to give us a call at 888-288-7354 to discuss further.

I’d like to set up a recurring transfer. Is this possible?

Absolutely!

These are ideal for recurring payments such as a monthly mortgage, quarterly school fees or any regular payment you need to make. Whatever your needs are, our recurring transfers are scheduled to ensure you’re on time, every time.

Simply set up a transfer schedule and leave the rest to us.

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.

I don’t have time to watch the market. Can you help?

Yes. We’ve all got better things to do than watch the market.

Using our Target Rate tool, OFX will watch for your desired rate, 24 hours a day, 5 days a week. This ensures you don’t miss out if your rate is reached overnight or while you’re out with family and friends. Once your target rate is triggered, we'll contact you to complete your transfer.

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