- Large transfers
- Flexible transfers with OFX’s forex tools
- Personal and business use, as well as for online sellers
Not so great for
- Paying with card or cash
- Cash pick-up
- Recipients without a bank account
OFX doesn’t charge a fee for European customers but it does add a margin on the exchange rate. Calculate how much your transfer with OFX could cost in our calculator below.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
OFX sends money to over 75 countries around the world. Some of the more popular ones include:
OFX only supports bank to bank transfers, so you won’t be able to transfer to your recipient’s mobile wallet or a cash pick-up location. OFX also offers other forex tools and services to help you make your transfer, including:
Transfers in major currencies generally take between 1-2 business days from the moment your funds are received. Most other currencies will take a bit longer, averaging out at 3-5 business days.
OFX only accepts payment through a bank transfer. This means you won’t be able to pay with cash, card, cheque or bank draft.
Transfers typically take
OFX does charge a transaction fee for its European customers however, it will add a margin on the exchange rate it offers.
The margin is what a money transfer provider adds to the exchange rate to cover its own fees. You can see how much this is by checking the exchange rate you’re quoted against what the market rate is on XE or Google.
Launched in 1998 in Sydney’s Northern Beaches, OFX has grown from an information-only website to a provider with 24/7 global market access. OFX used to operate under several country-specific names – like OzForex, UKForex, USForex – but consolidated under the OFX name in 2015.
As well as Sydney, OFX has offices in Canada, Hong Kong, New Zealand, the UK and the US.
OFX is just one among many money transfer companies. Use our calculator below to see how OFX stacks up against the competition.
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