OFX Review 2026
International money transfer specialist with 24/7 support.
Review focus
Use this page to understand provider fit, then compare your exact route before you send.
Fact-check status
Public-source profile. Verify current licence status, payout coverage, and fees before sending. Source table updated 19 May 2026.
Sources used
5 external source links shown below, including provider-owned pages and regulator lookups where available.
Policy context
Read the Methodology and Commercial Policy to understand how commercial relationships are separated from organic ranking logic.
Quick Facts
Founded
1998
Countries
170+
Speed
1-5 business days
Typical Fees
No transfer fees (rate margin applies)
Decision Snapshot
Best use cases
What to verify before you click out
Check that your send country, receive country, and payout method are supported on the exact route.
Compare the full recipient outcome, not just the headline exchange rate.
Confirm the final quote and transfer timing on the provider checkout page before sending.
Popular routes to test next
Overview
OFX (formerly OzForex) is an Australian international money transfer specialist that has been operating since 1998. Listed on the Australian Securities Exchange (ASX), OFX focuses on high-value transfers for both individuals and businesses. Their key differentiator is 24/7 customer support with personal currency dealers who can help time your transfers and secure forward contracts.
Pros and Cons
Pros
- No separate transfer fees on many routes
- 24/7 phone support with dedicated dealers
- Worth comparing for large and business transfers
- Forward contracts and limit orders available
- Over 25 years in business
Cons
- High minimum transfer ($1,000)
- No cash pickup or mobile money options
- Exchange rate margin not always transparent
- Bank transfer only for funding
Best For
How OFX Works
Register for an OFX account, speak with a dealer or use the platform to lock in your rate, fund your transfer via bank transfer, and OFX delivers to your recipient's bank. For larger transfers, your dedicated dealer can help with forward contracts (locking rates for up to 12 months) and limit orders.
Fee Structure
OFX commonly prices through a margin on the exchange rate rather than a separate transfer fee. Larger transfers may receive different quoted margins, but the final rate should be confirmed with OFX for the exact route and amount.
Min Transfer
$1,000
Max Transfer
No maximum
Mobile App
Yes
Business Account
Yes
Business Features
Batch Payments
Via platform or dedicated dealer
API Access
Automate payments, FX conversion, and reconciliation via REST API
Forward Contracts
Lock in exchange rates for future payments to manage currency risk
Approval Workflows
Multi-user access with role-based permissions and payment approvals
Accounting Integrations
Local Payment Rails
Send via local payment networks to avoid expensive SWIFT fees:
Pricing Plans
Standard
Free
- No separate transfer fees on many routes
- Route-specific exchange-rate margins
- 24/7 dealer support by phone
- Online platform access
Premium
Custom
per month
- Everything in Standard
- Dedicated account manager
- Forward contracts up to 12 months
- API access for ERP integration
- Priority execution
Common Use Cases
Popular Corridors
OFX FAQs
What is OFX minimum transfer amount?
OFX has a minimum transfer amount of $1,000 (or equivalent). This makes them better suited for larger transfers rather than small remittances.
What is an OFX forward contract?
A forward contract lets you lock in today's exchange rate for a transfer up to 12 months in the future. This is useful for property purchases, tuition fees, or any planned large transfer.
Is OFX better than my bank?
OFX can be worth comparing against a bank for larger transfers, especially where the bank quote includes an exchange-rate margin and wire fees. Check the final recipient amount, transfer timing, and any receiving-bank charges before choosing.
Does OFX offer 24/7 support?
Yes, OFX offers 24/7 customer support with experienced currency dealers who can help with rate guidance, forward contracts, and transfer assistance.
Our Verdict
OFX may fit larger international transfers such as property purchases, business payments, and planned high-value remittances where dealer support or forward contracts matter. The minimum transfer can make it less suitable for small transfers, so compare the quoted margin, support model, and timing before choosing.
Regulation & Security
OFX is regulated by the following financial authorities:
Headquartered in Sydney, Australia. Verify the exact licence and payout coverage for your sending country before you transfer.
Source-of-truth links
If you are using this review to make a shortlisting decision, use these external links to verify the current provider entity, licence status, pricing, and review signals. Source table updated 19 May 2026; this is not a guarantee that every licence record was reverified on that date.