OFX
OFX is a money transfer and foreign exchange company founded in Sydney in 1998. It serves individuals sending money overseas and businesses that pay or get paid in other currencies. OFX is publicly listed and authorised by the Financial Conduct Authority for UK payment services. Its specialists are available 24 hours a day.
About OFX
Sending money as an individual
Individuals can send money overseas online or through the OFX mobile apps. Transfers are funded by bank transfer or debit card. Most arrive within 1-2 business days, depending on the destination country and the receiving bank. A transfer can be cancelled before it completes, so contact support quickly if you spot a mistake.
Tools for businesses
The Global Business Account lets a company receive, hold and spend in more than 30 currencies, and send payments to over 180 countries. Corporate cards can be issued instantly, pay in multiple currencies and earn cashback. Spend management covers approval workflows, budgets, user access and accounts payable automation, all run from a Control Hub.
Handling currency swings
OFX offers spot transfers for immediate needs and forward contracts that fix a rate for a future date. Limit orders let you target a specific market rate. These tools help firms plan around exchange rate movements. OFX has offices around the world, including London, but transactions run through its digital platform rather than branches.
OFX quick facts
| Delivery | Transfers typically arrive within 1-2 business days depending on destination. |
|---|---|
| Returns | Transfers can be cancelled before completion. Contact support immediately for assistance. |
| International shipping | Yes |
| Payment methods | Bank Transfer, Debit Card |
| Loyalty scheme | Member Benefits Program |
| Founded | 1998 |
| Headquarters | Sydney, Australia |
| Parent company | OFX Group Limited |
| Stores | 8 offices globally |
Shop OFX by category
Where OFX sits on Shopperazzi, with the other shops in each.
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OFX FAQs
When will my OFX transfer arrive?
Most transfers arrive within one to two business days. Timing depends on the destination country and the receiving bank.
Can I cancel an OFX transfer?
Yes, as long as it has not completed. Contact OFX support straight away, as the team is available around the clock to help.
How do I fund an OFX transfer?
Transfers are paid for by bank transfer or debit card. Business customers can also hold balances in more than 30 currencies in a Global Business Account.
Who regulates OFX in the UK?
The Financial Conduct Authority authorises and regulates OFX for payment services in the UK. The company is also publicly listed.
