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OFX & BestExchangeRates – Zero fee offer

OFX International Money Transfers

  • Low cost and transparent fees
  • Excellent customer service and advice
  • Support is available 24/7 online or by phone
  • Rapid funds transfer with large network of banking partners

OFX has partnered with BestExchangeRates to offer you fee free money transfers.

If you register with OFX using the below BestExchangeRates FX partner deal promo code link you won’t pay the usual fees* for transfers.

OFX – zero fee offer

  • OFX is the new unified brand name for OzForex, USForex, UKForex, NZForex, and CanadianForex
  • It is one of the largest and most transparent FX providers
  • It offers excellent customer service and advice
  • System support is available 24/7 online or by phone with teams working across major time zones
  • Rapid funds transfer through OFX as it has a large network of banking partners.

Read our the full OFX review, where we examine OFX rates, fees plus service and technology or visit OFX for more details and to register for free.

*OFX will waive (on-going) the standard fee of AUD$15, normally applied when transferring under AUD 10,000. Occasionally, third-party banks may deduct a fee from your transfer before paying your recipient. This fee may vary and OFX receives no portion of it.

 

 

OFX Foreign Transfer Rates & Fees - Compared

OFX will save you over 75% in exchange rates margins compared to using your bank and the savings get even better if you are sending a larger amount.

 
Foreign Transfer ProvidersReceive USD($)Exchange RateFee AUDTotal CostDeal Links
OFX (OzForex) logo
6,698 USD
Compare
0.66980^0.8%
Westpac logo
6,722.53 USD
25 USD
0.6736200.44%
ANZ Bank logo
6,544.2 USD
154 USD
0.6556183.08%
BankSA International Money Transfers
BankSA logo
6,502.96 USD
195 USD
0.651620.013.69%
Bank of Melbourne International Money Transfers
Bank of Melbourne logo
6,502.32 USD
196 USD
0.6516213.7%
Bank of Queensland logo
6,496.45 USD
202 USD
0.6516303.78%
Banks - Average Rate
National Australia Bank (nab) logo Westpac logo ANZ Bank logo Commonwealth Bank (CBA) logo St George Bank logo Bank of Queensland logo Bank of Melbourne logo BankSA logo
6,497 USD
201 USD
0.6510153.78%
National Australia Bank (nab) logo
6,442.79 USD
255 USD
0.6457224.58%
Commonwealth Bank (CBA) logo
6,390.16 USD
308 USD
0.63946 5.36%
St George Bank logo
6,375.22 USD
323 USD
0.6388205.58%
OFX (OzForex): Foreign Transfer AUD→USD
AUD amount:$10,000 AUD
Fee:0^ - No fees for BestExchangeRates users (normally $15 for transfers over $10K)
Exchange Rate:0.6698 (0.8% from mid-rate)
USD amount:6,698 USD
Total Cost:0.8%
Time:
Rate Fetched: 8:46 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
Westpac: Foreign Transfer AUD→USD
AUD amount:$10,000 AUD
Fee:20
Exchange Rate:0.6736 (0.24% from mid-rate)
USD amount:6,722.53 USD
Total Cost:0.44%
Difference:
25 USD more than using OFX (OzForex)
Time:
Rate Fetched: website - Mon Apr 15 2019 01:04:04 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Reviews:
ANZ Bank: Foreign Transfer AUD→USD
AUD amount:$10,000 AUD
Fee:18
Exchange Rate:0.6556 (2.9% from mid-rate)
USD amount:6,544.2 USD
Total Cost:3.08%
Difference:
154 USD less than using OFX (OzForex)
Time:
Rate Fetched: website - Sun Aug 25 2019 08:03:03 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 3/5.0
Reviews:
BankSA: Foreign Transfer AUD→USD
AUD amount:$10,000 AUD
Fee:20.01
Exchange Rate:0.6516 (3.5% from mid-rate)
USD amount:6,502.96 USD
Total Cost:3.69%
Difference:
195 USD less than using OFX (OzForex)
Time:
Rate Fetched: website - 8:46 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
Bank of Melbourne: Foreign Transfer AUD→USD
AUD amount:$10,000 AUD
Fee:21
Exchange Rate:0.6516 (3.5% from mid-rate)
USD amount:6,502.32 USD
Total Cost:3.7%
Difference:
196 USD less than using OFX (OzForex)
Time:
Rate Fetched: website - 8:46 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
Bank of Queensland: Foreign Transfer AUD→USD
AUD amount:$10,000 AUD
Fee:30
Exchange Rate:0.6516 (3.5% from mid-rate)
USD amount:6,496.45 USD
Total Cost:3.78%
Difference:
202 USD less than using OFX (OzForex)
Time:
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 3/5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer AUD→USD
AUD amount:$10,000 AUD
Fee:15
Exchange Rate:0.6565 (2.77% from mid-rate)
USD amount:6,497 USD
Total Cost:3.78%
Difference:
201 USD less than using OFX (OzForex)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
National Australia Bank (nab): Foreign Transfer AUD→USD
AUD amount:$10,000 AUD
Fee:22
Exchange Rate:0.6457 (4.37% from mid-rate)
USD amount:6,442.79 USD
Total Cost:4.58%
Difference:
255 USD less than using OFX (OzForex)
Time:
Rate Fetched: website - Sun Aug 25 2019 08:05:02 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2.1/5.0
Reviews:
Commonwealth Bank (CBA): Foreign Transfer AUD→USD
AUD amount:$10,000 AUD
Fee:6
Exchange Rate:0.6394 (5.3% from mid-rate)
USD amount:6,390.16 USD
Total Cost:5.36%
Difference:
308 USD less than using OFX (OzForex)
Time:
Rate Fetched: website - Sun Aug 25 2019 08:02:01 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1.2/5.0
Reviews:
St George Bank: Foreign Transfer AUD→USD
AUD amount:$10,000 AUD
Fee:20
Exchange Rate:0.6388 (5.39% from mid-rate)
USD amount:6,375.22 USD
Total Cost:5.58%
Difference:
323 USD less than using OFX (OzForex)
Time:
Rate Fetched: website - 8:46 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 08/25/2019 - See full table
   

Further Reading

 

Facebook’s Libra Is Not the Game Changer That’s Being Promised

Enthusiasts would have us believe that Facebook’s own digital currency, Libra, will instantly revolutionize the remittance industry upon its release in 2020 — except it won’t. A harsher reality awaits, with conversion costs, capital gains taxes and a lack of Libra-priced goods all likely to limit its appeal.

Last update: 6 Jul, 2019

TransferWise Gets Malaysian Remittance Licence

No longer will Malaysians sending money overseas be subjected to grossly inflated exchange rates and unnecessary bank charges following news that TransferWise has been granted a remittance licence by Bank Negara.

Last update: 19 Jun, 2019

Banks Charge Small Customers 25 Times More for FX, Research Shows

New research from the European Central Bank shows that banks charge smaller customers up to 25 times more for FX forward transactions and that those who fail to compare providers pay 14 times more for FX than those that do.

Last update: 17 Jun, 2019

  

Posted to: Reviews

 
   

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