Switch .com Best Exchange Rates .com Best Exchange Rates .com Best Exchange Rates
BER
     

    OFX

    BER Articles on OFX Global Money Transfers


    We came across an article in The Australian Financial Review today on an interesting experiment of splitting a $200K AUD->USD transfer into two, with half sent via OzForex and the other half by one of the ‘big four’ Australian banks on the same day to compare what arrives at the other end. The results are […]


    OFX Global Currency Account – Independent BER Review OFX Global Currency Account: A Summary OFX has a 30-year history and is one of the largest foreign exchange specialists in the world. It offers a “Global Currency Account” that allows online sellers to hold, send and receive funds in AUD, CAD, EUR, GBP, HKD, SGD, USD. […]


    Expat Preparation Checklist So you’ve made the big decision to move overseas and become a citizen of the globe. You’ve decided to explore and experience a new culture, taste new foods, immerse yourself in the context of a different language, currency, and an overall new way of life as an expat. For many, this will […]


    Remittances to low and middle-income countries reached a record high last year, the World Bank has said. Average transaction costs remain high, with an average of 7 percent paid to transfer $200 or equivalent.


    For many currency routes, FX costs have been slashed in recent years by a number of industry-disrupting fintechs, allowing such firms to slice great chunks from the banking sector’s lucrative remittance markets. Banks are fighting back, though, by developing low-cost, digital offerings of their own.


    We compare the features, exchange rates and security of the three best multi-currency accounts available today — the WorldFirst World Account, the TransferWise Borderless Account and the OFX Global Currency Account.


    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.


    OFX have made paying Australian Tax to the ATO from overseas easy while saving money on bank exchange rates and fees.