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Online Business Bank Account

Sign up with OFX and it’s like having a local merchant account in your primary foreign markets

 

When your e-commerce store expands into the overseas market, you can start profiting from shopping trends in other parts of the world. Plus, you’ll reduce seasonality to maintain steadier profits throughout the year. But who knew getting paid could be so costly? Bringing your money home can incur heavy fees, and exchange rate volatility can mean the difference between profit and loss. Fortunately, OFX is here to help.

 

The reality is, it’s not easy for your online business to get a bank account in foreign countries because of rigid residency requirements, but with OFX, you can. We give you the equivalent of a business bank account in your foreign markets. Accounts are currently available in 7 currencies: USD, AUD, CAD, EUR, GBP, JPY and HKD and if your online business bank account needs to be in a different currency, just email us at etailers@ofx.com and we’ll try to help.

 

When you sign up for an online account through OFX, you can bring your money home quickly and easily, and you’ll pay about 75% less to have the money transferred.* Who wouldn’t want that? So if you’ve earned $200,000 overseas, you could bring home an extra $5,000 by transferring your money with OFX instead of PayPal or Amazon. Wow.

SWIFT IBAN Code

Here’s how it works

  1. International customers find your online store and shop away. They make purchases in their foreign currency at checkout.

  2. The online marketplace that you’re using will send the foreign money into your OFX account.

  3. You can choose when to bring your money home so you get a better exchange rate, or lock in a rate for up to 12 months to keep your cash flow predictable. You can even automate the transfer of funds, so you don’t have to think about it.  

  4. We’ll take care of transferring your profits to your account at a reduced rate and with greater efficiency, and all you have to do is decide when to expand to new markets. With OFX, all it takes is a single phone call.

Want to save money and time when bringing your profits home?

Online sellers shouldn’t have to pay the usual 3-4% conversion rate when they transfer money to their business account. That’s why we offer a 1.5% (or less) transfer fee that could save you up to 75%.*

 

It’s free and easy to open your OFX online seller account, and there aren’t any fees to keep it open. If you want a better online business bank account that will get you your money sooner, while also helping you save on fees, sign up today to take your online business to the next level.

 

 

 

*Average savings based on a sample of published transaction fees for cross border payments provided by Amazon and PayPal dated 8.24.16. Quoted savings are not indicative of future savings. Third party intermediary fees may apply.