MONEY TRANSFER

Transfer money online now or save time and money on future transfers

Send money from A to B fast in 50+ currencies

Save money with OFX’s bank-beating rates

Transfer online, in-app or over the phone

Products to plan ahead for future transfers

Limit Orders

Tell us how much you want to send and your ideal rate. If it hits, we’ll action the transfer.

Forward Contracts

Lock in a rate for up to 12 months to help protect against market moves.

Regular payments

Set up routine payments for your rent, mortgage or pension for up to 12 months.

Local currency accounts for your business

Manage the currencies you pay and get paid in, all from one simple dashboard.

Fly risk management know-how

Help protect your profits from currency volatility with help from an OFXpert.

Products to help you plan ahead

Fix or target rates for future transfers to meet your foreign exchange budget.

Need help creating your account? Want to ask a question?

You can call or email us, anytime. With offices in 8 countries, there’s always an OFXpert to help you, 24/7.

Ready to move money? Do it simply, securely, and at a great rate.

Fly Option

Our FX Option gives you the right, but not the obligation, to transfer at a certain time and rate, in exchange for an up-front premium.

Wire transfer

What is the cheapest way to transfer money abroad?

Currency brokers

Are Currency brokers cheaper than banks?

Telegraphic transfer

What is a telegraphic transfer?

General FAQs

What is a Forward Contract, and when is it used?

A Forward Contract is an arrangement that allows you to transfer money at some time (up to 12 months) in the future at an exchange rate that you agree to now, so that you know what the exchange rate will be at the time the transaction takes place. This allows you to avoid the risks and uncertainties associated with adverse exchange rate movements.

Forward Contract pros and cons

A Forward Contract may be beneficial for business and individuals if exchange rates are particularly attractive now, and you want to lock in that rate to hedge against uncertainty in the future. This can be especially helpful for small businesses who want to keep their cash flows predictable when buying or selling overseas. However, a Forward Contract precludes you from taking advantage of further beneficial movements, if your currency pair continues to move in a profitable way. To avoid missing out on further profitable movements, some people use a Forward Contract for a smaller portion of their total payment (say 50%) as a way to hedge against volatility.

A better way to manage risk: Flydol

Our Forward Exchange Contract lets you buy now but transfer later. This lets you lock in a great rate even if you aren’t ready to transfer your money immediately. Whether you need to book your transfer two days from now or a year from now, you’ll be protected against exchange rate fluctuations. With our Limit Orders option, you won’t have to miss your target rate if it happens overnight or while you’re busy. Instead, you can set your rate and, once triggered, we’ll get in touch to let you know you can complete your transfer. With an FX Option, you retain the right but not the obligation to transfer funds at an agreed rate at a later date. You pay a small premium on the option to gain protection against exchange rate shifts while being able to profit if the exchange rate shifts in your favor.

Talk to one of our dedicated dealers today to develop a currency strategy that’s right for you.

Excellent

Based on 6,450 reviews

Great support and fast implementation

As a first time user, I appreciated the support via email and phone, very helpful in clarifying steps. Rates offered were competitive, and once agreed on the deal, the transfer was very fast. I highly recommend OFX.

Date of experience: 20 November 2023

Amazing Customer Service!

My very first experience working with OFX was fantastic! I have never dealt with money transfers of any sorts and I had the perfect guide, Noel Fraser, help me through everything I needed. He was patient and kind even after I messed up on my first attempted transfer. Great customer service is hard to come by these days but I sure had it with Noel. I look forward to working with him and OFX in the future!

Date of experience: 21 November 2023

Excellent service

Excellent service! Overnight transfer. Best communication. Happy repeat customer. 10 out of 10! That's why I'm a OFX happy customer for the last 15! years.

Date of experience: 22 November 2023