Transferring money from one part of the world to another can be a bit stressful but with the ever-evolving and growing technology, this has become very easy and quick. OFX is also in this line of service. OFX, which was formerly known as OzForex, is an online foreign exchange and payments company. The company provides money transfer services to Travelex, MoneyGram, Xero, ING Direct, and Macquarie International Money Transfers as well as individuals such as migrants and expatriates and small businesses. In this article, you would learn more about their exchange rates, limits to their transfers, and how they work.
The company, OFX, is mainly in foreign exchange and financial services. The company was founded in 1998, by Matthew Gilmour in Sydney, Australia, and that is where the headquarters of the company is currently being located. The goal of OFX was quite simple, to give people a fair go at international money transfer.
The OFX Company is among the trusted foreign exchange companies by customers all over the world. The company is under the leadership of Steven Sargent as the chairman and John Alexander “Skander” Malcolm as the CEO and Managing Director of OFX. The number of employers in OFX is over two hundred.
The company offers international transfers to different countries in over fifty-five currencies. There are however six branch offices globally. The branch offices are located in;
- London, United Kingdom.
- San Francisco, United States.
- Sydney, Australia.
- Toronto, Canada.
- Hong Kong, China.
- Auckland, New Zealand.
The subsidiaries of the company, OFX, are about five in number. They are;
- ClearFX (HKForex).
All these subsidiaries are located in the different branch offices and are all working under and with the main company, OFX.
The platform, OFX, is very accessible via a mobile supported device application. The application can be easily downloaded into your mobile device and that application works the same way as the website version and can perform similar functions. The application is easy to use, it is user friendly and supported by android devices and iOS devices.
How To Download OFX App
To download the OFX money transfer application, follow these steps stated out below.
- Open the Apple Store or the Google Play Store, whichever your phone device operates on.
- Search for “OFX Money Transfer” and search for it.
- Tap on the app when the search is complete to download and install.
Once downloaded, and installed, you can use the application the same way you would use the web page.
Transferring money is the main service of the OFX Company. Money can be transferred from one country to another, from one bank to another and from one currency to another. There are countries where you can send money from and these countries are United States, Australia, Canada, China, United Kingdom, and New Zealand.
Where Money Can Be Transferred To
Money can be transferred to different countries using the OFX platform. The countries where money can be transferred to are;
- United States.
- United Kingdom.
- New Zealand.
- Hong Kong.
How To Transfer Money Online
To transfer money online using OFX, you have to first be registered with the platform. If you already have an account with them, you can simply log in to your account and commerce your transactions. To transfer;
- Login to your account or register and verify your account.
- Enter the recipient’s bank account details and lock-in your transfer.
- Send your funds to us via BPAY or Electronic Funds Transfer.
And just like that, the transfer would be made successful.
There are transfer charges for transactions being made. Although there are charges attached to transactions, it is dependent on the exchange rate, your provider, and recipient may also be charged for receiving foreign payments. In other words, the charges are not constant.
Global Payment Solutions
This is a service that helps you make global payment. The company, OFX, offers flexible and personalized solutions to help your business save and simplify. This company streamline your operations while keeping your profits intact. In Global Payment Solutions, OFX offers;
- Forex Risk Management.
- Paying Overseas Suppliers.
- Paying Overseas Staff.
- Receive International Payments.
- Mass Payments.
The global payment solutions help you develop a custom currency strategy, access the markets when you need them, and increase the flexibility of your business.
Before you initiate your money transfer, OFX makes provisions for you to check the market exchange rates on popular currency pairs. On the platform, the latest exchange rates are being displayed live. This guides you on your transfer transactions.
OFX Currency Converter
The platform provides an online live currency converter. The converter is a quick and easy way to see live exchange rates at the click of a button. Since exchange rates change all the time, the live Currency Converter updates with it, making it the ideal tool to keep your eye on the market rate for any given currency.