OFX Exchange Rate Deals

OFX Fees & Rates

OFX Exchange Rates

OFX is a very competitive foreign exchange exchange that OFX use to move your money from one currency/country to another. It includes a small (bank-beating) margin. If you register to be an OFX customer via the OFX 0.5% exclusive offer for BER users you’ll receive preferential FX rates.

OFX Fees

OFX has one standard fee of $15 for transfers under US$10,000 (or equivalent). If you’re transferring more than $10,000, OFX won’t charge you a transfer fee. 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. If you register through the BestExchangeRates partner page, your transfers will be fee free.

OFX Commonly Asked Questions

Is OFX safe?

Yes they are. OFX is an ASX listed company and is monitored by over 50 regulators globally.

OFX believes everyone deserves peace of mind when moving money globally, so maintaining and improving systems that help protect their clients' money is crucially important to them. OFX is committed to researching, developing and adopting leading digital security technologies to provide their clients with a safe and secure money transfer service.

OFX’s fraud system utilises a multi-layered approach. It monitors registrations, logins, and transactions to identify any suspicious activity, and also detects and prevents fraudulent apps that can target the platform and customers.

Passwords, security questions, and automatic time-outs help to keep customers’ identities and accounts protected from bad actors, and Secure Socket Layer (SSL) encryption creates a secure connection with customers’ browsers to protect personal information from being intercepted.

How long does it take?

OFX's global network of banking partners enables them to move your money efficiently, through some of the fastest payment schemes available globally.

OFX processes most major currency transfers within 1-2 business days from the time funds are received. Exotic currencies may take a little longer, but OFX keeps their clients updated along the way with email notifications when funds are received and paid out to the recipient.

You can also opt-in for SMS updates or even track your transfer with OFX by logging in online or on the OFX app.

What OFX deals are available through BestExchangeRates ?

OFX has partnered with BestExchangeRates to offer you or your business better deals, for example our popular OFX 0.5% exclusive offer for BER users .

You can read our full list of active OFX & BestExchangeRates Deals & Promotions.

Does OFX offer currency accounts for Online Sellers

OFX is an Amazon Payment Services Provider. Also receive payments from Afterpay, Klarna, Zip and more. You can collect your online seller global revenues in USD, EUR, GBP, CAD, AUD, SGD and HKD. Click here to find out more.

What Do Users Think of OFX?

At the time of writing this review thousands of Trustpilot reviewers had rewarded OFX a 5-star rating, and that should speak volumes. As you’d expect from any top firm in the payments industry, common themes within reviews relate to: “great exchange rates,” “excellent service,” “better than the banks,” “quick service” and “easy to get hold of,” among others.

You can read what our BER users think about their experience OFX International Money Transfer service in our User Forums in the article OFX User Reviews.

Please also share your own questions and insights that can help guide and inspire others in our community.

IMPORTANT: BestExchangeRates users, you can get $0 OFX fees* on all FX transferswhen you sign up through our partner page.

Be aware that transferred funds might be subject to a third-party bank receiving fee. Such fees are entirely out of OFX’s control and OFX receives no part of them. You can phone OFX’s support line to seek further information on third-party fees.

Minimum transfer size USD $150 or equivalent. Please note that the receiving bank or intermediary bank may charge fees on transactions. There are zero OFX fees on transactions.