These include 10 national phone lines reaching support staff in 7 countries, email support and an extensive FAQ section on the main site. At the time of writing this review June , more than 3, of the 3, Trustpilot reviewers had rewarded OFX a 5-star rating, and that should speak volumes.
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Last update: 13 Mar, Last update: 24 Jan, Hi am looking to set up a drop-shipping business, do you recommend OFX for handling the currency exchange? Consistently great rates and service. Platform Regulated by Canadian Authorities!!! Probably, like many other people, I was a little apprehensive about using a third party to take care of my regular overseas transfers. Michael Sutherland, guided me through the procedure, and was on hand to answer any further questions, which has enabled me to set things up and start making the transfers.
We all know that the High Street Banks charge the earth for transfers, but I,like many, was nervous about using a different method. However this has proved to be very simple, thanks to UKForex, and the money I am saving is unbelievable.
OFX 2021 Review – Foreign transfers with OFX compared
Thanks again OFX. Needed to transfer a large amount from Australia to the UK to buy a property. A friend suggested OzForex and I am happy with how it worked out. I got a rate that was much, much better than the bank. OzForex were very helpful and responsive to my questions. The transaction was completed quickly and efficiently, with excellent communication along the way. Switched to CanadianForex much cheaper thx. Great rates, great service and easy transactions. What more could you want?
Will definitely use again. Definitely positive feedback. It is a pleasure to deal with such a friendly and professional company. Setting up the account was very simple. The customer service has been amazing and done a wonderful job. The money did get through on time and without problems. Just did my first test transfer: very easy process and great comparison rates. Will be using OFX again and have already recommended it to a friend who is about to do business in europe.
I worked for a few years in London and was sending home pounds to Australia on a regular basis, at around 2. So OZForex saved me thousands of dollars over the years. Thank you very much! Just completed my sixth currencey purchase with Ozforex, and I am blown away each time by the deals I receive and the ease of the transaction. Just posted a review on Product Review — you guys rock!
Softball Australia partner with OzForex for International Money Transfers | Softball Australia
Consistently have amongst the best rates and great service, I use them to send money home to Oz. Still a little apprehensive about using a third party to take care of my regular overseas transfers, need some more reassurance firstly, before I would use them…what if they go bell up, just as you send them your money…???? OzForex holds client funds in accounts with highly rated financial institutions. In addition, OzForex operates an extremely low risk business model whereby OzForex never pays out client funds prior to receipt of the currency the client has sold to them.
This ensures OzForex has zero default risk from client dealings. The exchange rate was much higher and we avoided all of the fees associated with international transfers. We'll notify you once we receive your funds.
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Transfers to most countries take business days. Track your transfer online or with our mobile app. When the market reaches a rate that you find favourable , simply log into your OFX account and book the transfer with us to get the currency at a low customer rate the market rate, plus our small margin. We will send you an email confirming your customer rate, leaving you to send us the money locally via your bank.
OFX international money transfers
With the ability to see changing market rates in an instant and make overseas money transfers quickly and securely, you can trust us to meet your international money transfer needs. 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. The information on this website does not take into account the investment objectives, financial situation and needs of any particular person.
Alternatives to OFX international money transfers
We make no recommendation as to the merits of any financial product referred to on this website. OFX uses cookies to create the most secure and effective website possible for our customers. Office of the Comptroller of Currency. American City Business Journals. The Sydney Morning Herald, 6 August View page. Online remittance providers.
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