Ways to Transfer FAQs
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.
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.
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.
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.
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.