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Transfers using credit or debit cards tend to be faster than bank transfers, often arriving at your destination country in one business day.

The best method depends on your priorities. If cost is the main concern, bank transfers are ideal. If speed is essential, credit or debit cards can provide faster delivery times. OFX combines competitive exchange rates with secure, reliable transfers, ensuring your money reaches the recipient safely and efficiently, regardless of the method you choose.

With OFX, there are no strict minimum or maximum limits for personal transfers, although amounts may be subject to verification requirements for larger sums. This flexibility makes it easy to send anything from a few hundred dollars for personal expenses to tens of thousands for tuition, property, or business purposes.

The most cost-effective way to transfer money to the US is usually via an online banking transfer using OFX. Unlike traditional banks, OFX applies a small, transparent margin on the exchange rate instead of charging high hidden fees.

If you’re looking to send money from Australia to the US or make any international transfers, OFX is your most reliable choice. To begin, you’ll need to create a free account with OFX, or log in if you already have one. Once logged in, you can request a live quote for your transfer, which shows exactly how much your recipient will receive after fees and currency conversion. Next, gather all necessary banking information for your recipient. Once your payment details are entered, you can specify the amount you wish to send. OFX will automatically calculate the converted amount in US […]

According to OFX, Spot rates are the current exchange rates at which specific currencies can be bought or sold on currency exchange markets. Spot rates fluctuate by the second. It’s also known as the ‘interbank’, ‘wholesale’, ‘mid-market’ or ‘live’ rate. It’s also the rate that S Money offers for foreign currency in Australia.