Send your money overseas with OFX and you’ll get a competitive rate and no fees.
Speed: 4.0 / 5.0
Services: 5.0 / 5.0
User experience: 3.5 / 5.0
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.
| Product Name | OFX International Money Transfers |
|---|---|
| Min. Transfer Amount | USD 1,000 |
| Max. Transfer Amount | No limit |
| Transfer Methods | |
| Transfer Options | |
| Transfer Speed Minimum transfer time | 1 day |
| Customer Service | |
| Available Currencies | AED, 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 Updates | Real 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. 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.
Highlights
- 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 favorable 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 $1,000 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 US banks. You can check the rate that will apply to your transaction at any time on its Customer Exchange Rates page.
Calculate your transfer with OFX
Choose your currency and desired transfer amount (minimum $1,000). Exchange rates change frequently, so visit OFX’s site to get a final quote.
What types of personal transfers can I make with OFX?
The minimum amount you can send overseas with OFX is $1,000. 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 favorable 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
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.
- High minimum transfer amount. You must transfer at least $1,000 to use OFX’s services.
How does OFX compare to other 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:
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 office toll-free at 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 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.
Looking for an alternative? Compare services like OFX to get the best rates and fees.
Hi I need to transfer from UK £ from a UK bank account to HK HSBC bank account in $US .. how long will this take, is it possible, how much is the cost
Hi John,
Thanks for getting in touch with finder. I hope all is well with you. :)
Generally, if you are going to do an international bank to bank money transfer, it takes as much as 5 business days for your money to arrive in Hong Kong. It depends on the amount of money you send and how many people are doing transfers at a given period of time.
When it comes to cost, it would depend on your bank. Cost may range from $0 to $30.
It is worth noting that international money transfer service providers can do transfers as fast as 1 day. Not only that, but they cost less compared to a bank to bank transfer. If this is something that interests you, please check your options here.
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Have a wonderful day!
Cheers,
Joshua
Does sending money requires US bank account?
Hi Alvin,
Thanks for your inquiry.
When sending money through OFX, you’d need to go through bank account verification before you can send funds. If you are sending from the US, then yes, you’d need to have a US bank account.
Best,
May
How do I pay money to you? How long does it take?
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