OFX international money transfers review

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
Max. Transfer AmountNo limit
Transfer Methods
OnlinePhone
Transfer Options
Regular paymentsOne off paymentsMarket ordersForward contracts...
Transfer Speed
Minimum transfer time
1 day
Banking PartnerOFX
Customer Service
PhoneEmail
Available CurrenciesAED, AUD, CAD, CHF, 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 Fee$0
Branch Transfer Fee$0
Phone Transfer Fee$0
Exchange Rate UpdatesReal time

Pros

  • Support for 55+ major and exotic currencies.
  • Competitive rates and no transfer fees.
  • Multiple transfer options include forward contracts and limit orders.

Cons

  • No cash payments or pickup — bank deposits only.
  • Phone verification required for new accounts.

Take advantage of flexible transfer options and fee-free transactions when sending money overseas

In business for more than 15 years, OFX is a specialist money provider that offers competitive exchange rates and international money transfers in 55 currencies. With more than 100,000 customers across six continents, OFX has handled more than $100 billion in forex transactions.

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

If you’re looking for flexible tools that can help you lock in favorable rates for future transfers, OFX allows for 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. You can check the rate that will apply to your transaction at any time on its Customer Exchange Rates page.


How much does it cost to transfer money with OFX?

Absolutely nothing — there is no transfer fee for OFX transfers of $150 or more. You may need to pay 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 worldwide, you can 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.

What types of transfers can I send with OFX?

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

If you need help with a transfer at any step of the process, OFX phone and email customer support is available 24/7 weekdays.

How to send a transfer with OFX

Before you can send money overseas with OFX, you’ll need to sign up for a free 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.

Note that OFX requires phone verification for all new accounts. Be ready to accept a call from an OFX representative to verify your account details before you can begin sending money worldwide.

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

Steps to transferring money internationally with OFX

If this is your first time using OFX, you’ll need to register for a free OFX account. Click Register at top right.

step 1 ofx money transfers

Enter your country, state and email address. Click Next.

If you’re creating an account on behalf of your business, check out our guide to saving time and money with international business transfers.

step 2 ofx money transfers

These amounts do not have to be exact and can be changed later. Click Next.
step 3 ofx money transfers
Including your gender, full name, date of birth, email address and current residential address.
OFX will require you to confirm your identity by uploading a scan of your photo ID.

You’ll receive either approval or denial of your account by email within two business days.

step 5 ofx money transfers

Click “Recipients” and then “Add new recipient.” Enter their full legal name, residential address and their banking information.
On receipt of your initial transfer, OFX will exchange your currency and complete your transfer to your recipient.

What happens next?

OFX offers many ways to track your transfer. Log in to your OFX profile and click Your Preferences to establish how you’d like to be contacted. You can choose to receive an email or a text message to be updated at every step until receipt.

If you have questions or concerns about the status of your transfer, contact OFX’s office toll-free at 1-888-288-7354 for personal accounts or 1-888-966-6888 for business accounts.

Need help from a live person? Speak to an OFX money transfer expert

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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

Calculate receive amounts from OFX

Please note exchange rates change by the minute; the exchange rate reflected on OFX’s website may be different than what you see here.

I want to send

to

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 Online Transfer Fee Rate Services Amount Received Description CTA Details
1 day USD 0.00 18.911 Online, Phone, Bank Account to Bank Account MXN 94,557 Exclusive exchange rate discounts
No-maximum limit transfers with competitive exchange rates for 100+ currencies.
Go to site Show details
Do you send money often? Track this rate with tailored alerts direct to your inbox

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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 won’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.
  • Required phone verification for new accounts. You can sign up for a free account online, but you’ll need be ready to accept a call from an OFX representative to verify your account details before you can begin sending money worldwide.

Compare OFX to the competition

OFX vs. …
OFX vs. MoneyGramOFX vs. TransferWise
OFX vs. Wells FargoOFX vs. Western Union
OFX vs. World FirstOFX vs. Chase Bank

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 is best for your specific needs.


Common questions about OFX

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

No, OFX sends funds by bank deposit only.

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.

The time it takes to complete your transfer depends on where you’re sending your transfer to. From the US, it takes one to two days for your bank to transfer funds to OFX. It then takes one to two days for OFX to exchange and transfer that money to your recipient.

To authorize a transfer to OFX, you will need to contact your bank and authorize that they send your funds to OFX. OFX offers payment arrangement via direct debit or wire transfer by calling 1-888-288-7354.

The minimum amount to transfer with OFX is $150. There’s no limit as to how much you can send.

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

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

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2 Responses

  1. Default Gravatar
    SanghanFebruary 20, 2017

    How do I pay money to you? How long does it take?

    • Staff
      AnndyJune 25, 2017Staff

      Hi Sanghan,

      Thanks for your question.

      OFX accepts bank transfers from your account through. They don’t accept cash, credit card, checks or bank drafts as payment options.

      Transfers to most countries could take 1 to 2 days.

      Cheers,
      Anndy