OFX
A better way to move money globally.
Overview
OFX is an Australian online foreign exchange and payments company. It provides money transfer services for consumers and business clients, including online sellers, that need to make larger international payments. It is known for its combination of a digital platform with 24/7 phone support from currency experts.
✨ Key Features
- International money transfers
- Business and personal accounts
- 24/7 phone support
- Forward contracts and limit orders
- Global currency accounts
- Mass payments
🎯 Key Differentiators
- 24/7 access to currency experts by phone
- Hedging tools like forward contracts
- Focus on larger transfer amounts
Unique Value: Combines a user-friendly digital platform with expert, 24/7 human support, providing confidence and sophisticated tools for significant global money transfers.
🎯 Use Cases (3)
✅ Best For
- A business locking in an exchange rate for a future payment
- An individual transferring a large sum for an overseas purchase
💡 Check With Vendor
Verify these considerations match your specific requirements:
- Small, frequent P2P payments
- In-person retail
🏆 Alternatives
Offers more personalized service and advanced currency hedging tools than purely digital platforms like Wise, and is significantly cheaper than traditional banks.
💻 Platforms
🔌 Integrations
🛟 Support Options
- ✓ Email Support
- ✓ Phone Support
- ✓ Dedicated Support (Standard tier)
🔒 Compliance & Security
💰 Pricing
Free tier: No OFX transfer fees on many transfers. OFX makes money on the margin between the wholesale and retail exchange rate.
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