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OFX Money Transfer

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  • Reviews (2)
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Remittance/OFX Money Transfer
Remittance/OFX Money Transfer
5.0
2 reviews
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OFX Money Transfer

$15

TRANSACTION FEES

$100

MIN. TRANSFER AMOUNT

1 to 2 days

TRANSFER SPEED

50+

SUPPORTED COUNTRIES

OFX Money Transfer

$15

TRANSACTION FEES

$100

MIN. TRANSFER AMOUNT

1 to 2 days

TRANSFER SPEED

50+

SUPPORTED COUNTRIES

Details

OFX Review 2021

OFX is a remittance platform that gives you a savvy way to keep your foreign exchange expenses to a minimum.

If you are using a bank to transfer money, you should know that they can often charge large margins on your transfers, in addition to a flat transaction fee. At OFX, they offer bank-beating exchange rates and have waived their OFX transfer fee for eligible transfers.

Read More about OFX Money Transfer
Reviews (2)

5.0

2 Reviews

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    Most HelpfulMost RecentLow to HighHigh to Low
      Updated on 14 Jul 2020

      Purchased

      OFX Money Transfer

      Heard good things about OFX from Singapore friends who migrated to Australia and used it. Good things heard: Customer support over phone, offer the best rates for overseas currency exchange especially for large amounts of exchange. OFX also has a branch and bank account in Singapore. Decided to register an account with them to try their service. Registration was fuss-free and easy. Required to submit two ID documents online and once your ID has been verified, your account is ready to use. Received a call and email from an account manager the next day to run through the process with me and how it works. I re-scheduled the call as I wanted my spouse to be part of the conversation as well. We had the call with the account manager, and the service was thorough. The person on the phone was courteous, answered all our questions and also pointed out certain things to note with the SGD transfer, for example to check the daily transfer limit of my Singapore bank account. I have not locked in a transfer yet as I am waiting for the best rates. Will be updating this review once I do so. Note: I applied for the account while in Australia.

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    • I opened an account with OFX around Jan 2019 . Pros: - The only remittance platform I can find that supports remitting New Taiwan Dollar (TWD), and Chinese Renminbi Offshore (CNH). Cons: - No referral programme.

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      How OFX Works

      • Flat fee of $15. Free for transfers over $10,000
      • Register and lock-in your transfer: Simply tell OFX how much you’re transferring, which currency and who to send it to.
      • Send your funds: OFX accepts bank transfers from your account (e.g. BPay, Electronic Bank Transfer). No cash, credit card, cheques, or bank drafts.
      • You will be notified once OFX receives your funds.
      • We deliver to your recipient: Transfers to most countries take 1-2 business days.
      • Track your transfer online or with the OFX mobile app.

      About OFX

      Since launching as a start-up on Sydney’s Northern Beaches twenty years ago, OFX has grown to become a truly global company. More than ever we are committed to helping our customers navigate through, and thrive within, the ever-changing world we live in today. Our new ‘Where the World’s Moving’ content series brings together some of the people living and breathing the latest global trends to explain what it means to be a global citizen in the digital age and how some key shifts will drive change in our world.