Moving money is easy with OFX

Whether you’re sending money back home, making regular overseas payments or preparing for a big move - OFX takes the hassle out of managing your global money.

With fast account set up, online or via the App, you can be transferring your money in minutes!

When you’re ready to go, you’ll have access to 55+ currencies and can have your money move in 24 hours**. Transfer online, on-the-go via the App or with an OFXpert over the phone, they’re here to support you 24/7.

Open an account
Move money

Make your money work for you.

OFX money transfer services are ideal for

  • International
    students

  • Sending money
    back home

  • International
    property owners

  • Investments
    and shares

Why OFX?

  • Smart savings

    Smart savings

    Save with great exchange rates and zero fees*
  • fast Transfers

    fast Transfers

    Move your money in 24 hours.**
  • IMG

    24/7

    OFXperts are always available to help.
  • worldwide

    OFX App

    Keep your money moving when you’re on-the-go

Quickly transfer money on the go

The smart way to move money

When transferring money internationally, it pays to keep an eye on the markets. An unfavourable exchange rate or an expensive transfer fee can really hurt your back pocket. That’s why, with OFX you get great exchange rates, zero fees and the options to set a target rate so you can automatically move your funds when the market reaches a rate that works for you.

Make your money moves as fast as you do. Transfer with OFX and have it arrive the next working day**.

Get started

Meet an OFXpert – your currency specialist

Rachael OFXpert
RACHAEL - OFXPERT

I get to know my customers and their needs and know they can often be overwhelmed by changes to currency markets. But when I look at the moving currency markets I know how to manage their global money transfers.

Brian OFXpert
Brian - OFXPERT

My customers need to move money around the world at times that work for them. It could be 6pm, it could be 4am; it doesn’t matter. Me and the global team are always on hand.

I’m always monitoring my customers’ transactions. I love it when I can lock in a great exchange rate to protect them against volatile markets.

Vani OFXpert
Vani - OFXPERT

My customers rely on me for their global money transfers. I’m an OFXpert but, really, I work for my customers.

Day to day I can be booking in multiple transfers or helping my customers understand the currency markets ahead of a transfer. Whatever it is, I’m on their team.


How OFX works

  • account
    STEP 1
    Open an account

    Complete the registration form in just 5 minutes.

    Register Now
  • found
    STEP 2
    Send the funds

    Enter your recipient’s details and send OFX the money by bank transfer or BPay.

  • mail
    STEP 3
    Track the transfer

    Track your transfer online or via the app. Most transfers are delivered within 1-2 business days.

Frequently asked questions

How do I open an account?

It’s easy as 1-2-3:

  • Register. If you’re keen to get started straight away, complete our registration form OR enter your details above and an OFXpert will guide you through the process. Either way, there’s no cost or obligation to make a transfer.
  • Speak to us. An OFXpert will call you to complete setup and answer any questions you have.
  • Verify your identity. This is usually automatic. We’ll let you know if we need any documents.

How do I make a global money transfer?

Once you’ve registered, log into OFX and:

  • Tell us which currencies to transfer between and how much to transfer.
  • Select your recipient. Save their banking details so it’s faster next time.
  • Check the details then click “Finalise Transfer” to lock in the rate and kick off the process.
  • BPay or bank transfer the funds to us – we’ll tell you where to send them.
  • Keep track of the transfer in a way that suits you: online, via the app, email or SMS updates.

How long does a transfer take?

We use a network of global banking partners which means your transfers are secure, and it also means we can expedite your payments and deliver faster than banks do . 80% of our transfers are completed within 1 business day of us receiving your funds. For more exotic currencies, it can take a little longer – usually 3-5 business days.

What kind of money transfer options does OFX offer?

There are three kinds of money transfers available:

  • Buy now, pay now. With Spot Deals, you can make a quick business transaction at today’s rate.
  • Set and forget. Limit Orders let you set a target exchange rate and, when the market reaches it, your OFXpert will contact you to complete the transfer.
  • Buy now, pay later. Forward Contracts let you lock in a favourable exchange rate for up to 12 months.

Does my recipient need an OFX account to receive money?

No, they don’t. We’ll send the money straight to your recipient’s bank account.

Is my money secure?

Yes. OFX has dedicated fraud prevention teams and sophisticated technology using a multi-layered approach to detect and prevent fraud.

The biggest risk in sending money overseas is not knowing who you’re transferring it to. Once it has been delivered, it’s very difficult to retrieve your money if you discover a problem. So, to keep your money safe, follow these simple guidelines:

  • Avoid wiring money to someone you’ve never met in person.
  • Verify the credentials of overseas suppliers to ensure you’re dealing with the company itself.

Can I track my transfer?

Of course. Once you’ve kicked off a payment, we’ll send an email and an SMS to keep you updated at every step. You can also track the status in your OFX account online or via the app.

You can set your notification preferences in your OFX settings.

About OFX

OFX grew from the idea that there had to be a better, fairer way to transfer money around the world. As experienced executives in global forex companies, our founders knew the industry was opaque, dominated by big banks with high international transfer fees and lacklustre service.

In 1998 our founders launched foreign exchange services in Australia and in 2011 expanded the service to Hong Kong. Fast forward 20 years, OFX is now a publicly listed company operating around the world, with a 24/7 global customer service team, helping more than 1 million customers worldwide transfer over HKD800bn.

Download our app

Get live exchange rates with our all-in-one currency converter, transfer money and track your transfers on the go with our mobile app.

  
Download app

*Intermediary bank fees may apply

**80% of all OFX major currency money transfers are processed in 24 hours, on receipt of funds to OFX.

© 2019. OzForex (HK) Limited, trading as OFX, is a wholly owned subsidiary of OzForex Limited. OFX is licensed as a Money Service Operator with the Customs and Excise Department Hong Kong license number 12-08-00582.

IMPORTANT: This information has been prepared for distribution over the internet and without taking into account the investment objectives, financial situation and particular needs of any particular person. OzForex Limited ABN 65 092 375 703 (trading as “OFX”) and its subsidiaries make no recommendations as to the merits of any financial product referred to in the website, email or its related websites. Please read our Product Disclosure Statement and our Financial Services Guide.

DISCLAIMER: OFX makes no warranty, express or implied, concerning the suitability, completeness, quality or exactness of the information and models provided in this website. Read full disclaimer. OFX provides international money transfer services to private clients and business customers. Use our free currency converter, exchange rate charts, economic calendar, in-depth currency news and updates and benefit from competitive exchange rates and outstanding customer service. OFX is regulated in Australia by ASIC (AFS Licence number 226 484). Read our Money Laundering Statement and Privacy Policy.

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