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Review: OFX international money transfers

Send your money overseas with OFX and you'll get a competitive rate and no fees.

Pay no fee for your international money transfer with OFX and get competitive exchange rates. You’ll also find flexible transfer options, including one-off money transfers, recurring transfers, forward exchange contracts and target rate orders.

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

In business for more than 15 years, with offices in Australia, Canada, Hong Kong, Singapore, New Zealand, the UK and the USA, 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 US$75 billion in forex transactions.

OFX dominates with its revolutionary transfer fee cost: nothing at all. And because OFX is a trusted partner of finder Netherlands, 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 favourable rates for future transfers, OFX allows for limit orders, forward contracts and the ability to schedule recurring payments.


  • Flexible transfer options. From basic transfers to forward contracts and limit orders, OFX offers a wealth of options to help you get the most out of your money.
  • Saving money. Keep more of your money with no fees and favourable exchange rates.
  • Wide range of currencies. Supporting 55 major and exotic currencies, OFX lets you send funds to many countries worldwide.
  • Large transfers transfers. You must send a minimum of EUR860 and there is no maximum.

How much does it cost for personal transfers with OFX?

Absolutely nothing — there is no transfer fee for OFX transfers. You may need to pay a fee with a third-party bank, but none of that money goes to OFX.

OFX offers strong exchange rates that typically beat those offered by major banks. You can check the rate that will apply to your transaction at any time on its Customer Exchange Rates page.

Calculate exchange rates with OFX

Exchange rates change by the minute, so the exchange rate reflected on OFX’s website and when you actually make your transfer may be different than what you see here.

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What types of personal transfers can I make with OFX?

The minimum amount you can send overseas with OFX is EUR860. There’s no limit as to how much you can send.

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

  • Limit orders. Request a transfer that’s executed only when your desired exchange rate becomes available, at which point OFX will lock it in.
  • Forward contracts. With this tool, you lock in a favourable exchange rate now for a future transfer, avoiding unpredictable movements in the rate.
  • Recurring transfers. Avoid entering the details of your weekly, monthly or quarterly transfers by automating regular payments.

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

Pros and cons of using OFX for personal transfers


  • 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.


  • 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.
  • High minimum transfer amount. You must transfer at least EUR860 to use OFX’s services.

How to send a personal 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.
  • Choose personal or business account.

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.

OFX offers many ways to track your transfer. Log in to your OFX profile and click Your Preferences 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 London office at +44 207 614 4194 for personal accounts, +44 207 614 4195 for business accounts. To contact the US office call 1-888-288-7354 for personal accounts or 1-888-966-6888 for business accounts.

Steps to transferring money internationally with OFX

Bottom line

OFX provides fast and secure transfers in 55 currencies. It has offices in Australia, Canada, Hong Kong, Singapore, New Zealand, the UK and the USA. However, you’ll want to compare the features of a range of money transfer companies before deciding which is best for your specific needs.

Frequently asked questions about OFX personal transfers

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