OFX international money transfers review

Information verified correct on February 20th, 2017

Send your money overseas with OFX and you’ll get a competitive rate and low fees.

Exclusive offer for finder readers:

OFX is offering special exchange rates to finder.com customers – which means your recipient could receive more in their bank. There is also a $0 online transfer fee for all finder.com customers. Special rates are applied that you’ll see along with the transactional rates.

Product NameOFX International Money Transfers
Min. Transfer AmountUSD 150
Transfer MethodsOnline, Bank Account to Bank Account
Transfer OptionsRegular payments, One off payments, Market orders, Forward contracts
Transfer Speed
Minimum transfer time
1 day
Banking PartnerOFX (US)
Customer ServicePhone, Email
Available CurrenciesAED, ARS, AUD, AZN, BGN, BND, BRL, CAD, CHF, CLP, CNY, CZK, DKK, EGP, EUR, FJD, GBP, HKD, HUF, IDR, ILS, INR, JPY, KRW, KWD, LKR, MAD, MGA, MXN, MYR, NOK, NZD, OMR, PEN, PGK, PHP, PKR, PLN, RUB, SAR, SBD, SCR, SEK, SGD, THB, TOP, TRY, TWD, TZS, USD, VEF, VND, VUV, WST, XOF, XPF, ZAR
Online Transfer FeeUSD 0
Exchange Rate UpdatesReal time

Take advantage of flexible transfer options and fee-free transactions when you send money overseas with OFX

Formerly known as Ozforex, OFX is a specialist provider of online international money transfers and the largest Australian-owned money transfer service in the world. In business for more than 15 years, OFX offers competitive exchange rates to customers and transfers in 55 currencies. With more than 100,000 customers across six continents, OFX has handled more than $100 billion in foreign exchange transactions.

OFX dominates with its revolutionary transfer fee cost: nothing at all. Because OFX is a trusted partner of finder.com, you can take advantage of special exchange rates set aside exclusively for finder readers.

It also allows for a range of flexible transfer options, including limit orders, forward contracts and the ability to schedule recurring payments.

OFX exchange rates

OFX offers strong exchange rates that typically beat those offered by US banks. It publishes live exchange rates on its Customer Exchange Rates page, so you can check the rate that will apply to your transaction at any time.


Speak to an OFX money transfer expert

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Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options.

With over 17 years of foreign exchange expertise and over $100 billion transferred, OFX can help with all your currency exchange needs, including:

  • Buying property abroad
  • Emigrating
  • Regular overseas payments
  • Risk management
  • Forecasting


How much does it cost to transfer money with OFX?

Absolutely nothing. There is no transfer fee with OFX. There may be a fee with a third-party bank, but none of that money goes to OFX.

Minimum transfer amount and available countries

The minimum amount you can send overseas with OFX is $150. While it offers support for more than 50 currencies around the world, you can send the following currencies from the United States:

OFX also allows you to send the following currencies from the United States:

How does OFX keep my money safe?
Registered with the US Treasury and state-licensed, OFX takes pride in its multilayer digital defenses that ensure your personal and financial information is safe from malware, phishing and other suspicious activity.

Learn more about OFX and safety.

Western Union vs. OFX Money Transfers

What types of transfers can you carry out with OFX?

OFX is a solid option for immediate, one-off transfer overseas. But it also offers a selection of other transfer options:

  • Limit orders. Choose your desired exchange rate and when that rate becomes available, OFX will automatically place your transfer.
  • Forward contracts. Lock in an attractive exchange rate now for a future transaction.
  • Recurring transfers. Avoid entering the details of your transfer every week or month by scheduling regular transfers.

If you need help with a transfer at any step of the process, OFX services, phone and email customer support is available 24 hours a day, five days a week.

The registration and transfer process

Before you can send money overseas with OFX, you’ll need to sign up for an account with:

  • Your name, address and phone number.
  • Your country of origin and nationality.
  • Your driver’s license details.
  • Your occupation.
  • Your transfer details — how much you’re sending and to where.
  • Whether you’re opening a personal or business account.

Once approved, you enter the details of your transfer, review the exchange rate and fee and send your funds. OFX processes bank transfers only, and when you send US dollars, your transaction is processed overnight.
OFX vs. TransferWise money transfers

Pros and cons of using OFX

Pros

  • Currency support. Supporting 55 major and exotic currencies, you can send funds to a large selection of countries worldwide.
  • No fees. With OFX you don’t pay any transfer fees.
  • Flexible options. From placing forward contracts to scheduling regular transfers, there’s a range of options to suit your needs.

Cons

  • No cash payment or pickup. OFX delivers funds through bank deposit only.
Rates last updated February 20th, 2017

Enter your details to speak to a foreign exchange expert

By submitting this form, you agree to finder.com privacy policy
Ofx Logo

Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options.

With over 17 years of foreign exchange expertise and over $100 billion transferred, OFX can help with all your currency exchange needs, including:

  • Buying property abroad
  • Emigrating
  • Regular overseas payments
  • Risk management
  • Forecasting

Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received
OFX International Money Transfers
Send safe... Send safe, no-limit transfers with no fees and competitive exchange rates.
USD 150 1 day
Online
Rates are always
changing, click to check
your price today
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Looking for an alternative? Compare competing services to OFX.

Frequently asked questions

Can I pay for my transfer with cash?

No. OFX does not accept cash, check or credit card payment.

Can my recipient pick up funds from an OFX agent location in their country?

No, OFX sends funds by bank deposit only.

Are there any countries I can't transfer funds to?

Yes, OFX does not allow transfers to Afghanistan, Belarus, the Democratic Republic of Congo, Cuba, Iran, Iraq, Sierra Leone and more. See a full list of excluded countries on OFX’s website.

Does OFX have an app that allows me to send transfers from my smartphone?

Yes. The free OFX mobile app is available for both iPhone and Android.

Will I be notified when my transfer is complete?

Yes, OFX provides notifications to keep you up to date at every step of the money transfer process.

MoneyGram vs. OFX
OFX provides fast and secure transfers from the United States in 55 currencies. However, you’ll want to compare the features of a range of money transfer companies before deciding which one is best  for your specific international money-moving needs.

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