OFX is a global money transfer service specializing in large, international bank-to-bank transfers for both personal and business use. Founded in 1998 in Australia, OFX offers competitive exchange rates, zero transfer fees, and expert support — making it a top choice for high-value transfers across 170+ countries.
Whether you’re sending money abroad for property purchases, tuition, business payments, or investments, OFX is known for its reliability, security, and tailored currency solutions.
Quick Review Summary:
Founded: 1998
Headquarters: Sydney, Australia
Available In: 190+ countries
Best For: High-value international bank transfers
Rating: ⭐ 4.6/5
In-Depth Review of OFX
No Transfer Fees
Send money without incurring flat-rate or hidden charges.Great Exchange Rates
Offers better rates than most banks — especially for larger transfers.24/7 Expert Support
Live customer service to guide high-value and business transactions.Multi-Currency Account
Receive, hold, and send in multiple currencies with ease.Customizable Risk Management
Tools like Forward Contracts and Limit Orders to manage currency volatility.Fast Bank-to-Bank Transfers
Transfers typically arrive within 1–2 business days.
Who Uses OFX?
Expats and individuals transferring large funds internationally
SMBs and freelancers managing global payments
E-commerce brands and import/export businesses
Real estate investors and overseas property buyers
No fees on international transfers
Great customer service
Transparent and competitive exchange rates
Tailored support for business clients
Secure and regulated across regions
No cash pickup or mobile wallet delivery
Minimum transfer limit (~$1,000 USD)
Not ideal for small, personal remittances
User Testimonials:
Frequently Asked Questions (FAQs)
1. Is OFX safe and regulated?
Yes, OFX is regulated in the US, UK, Australia, and several other regions, ensuring top-tier security.
2. What is the minimum transfer amount?
Typically, $1,000 USD (or equivalent). Best for larger international transfers.
3. How long does a transfer take?
Usually 1–2 business days after the funds are received.
4. Are there any transfer fees?
No — OFX does not charge transfer fees, but currency exchange margins apply.
5. Can businesses use OFX?
Yes, they offer tailored FX solutions and business accounts for global trade.
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