With OFX, there are no strict minimum or maximum limits for personal transfers, although the banks may double-check certain larger amounts. 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 Japan is usually through bank transfers using OFX. Unlike traditional banks, OFX applies a small, transparent margin on the exchange rate instead of charging high fees. Customers can also receive fee-free transfers when sending AU$10,000 or over.
If you’re looking to send money to Japan or make any international transfers, OFX is one of the best choices. 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. You should also have all the necessary payment 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 […]
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.
Sending money online from Australia to Japan is usually cheaper. In-store money changers have to pay for rent, staff, and insurance, and these costs are usually transferred to you. Online money transfer providers don’t have these large costs, so they can provide better exchange rates and lower fees when you send money. Some stores may also have limited currency availability.
Unfortunately, there is no ‘best day to buy’. Exchanging foreign currency varies depending on the global demand and supply of goods and services, as well as political and economic conditions. So if you’re planning to send money to the Japan, there’s no better time than now.
Like all reputable money exchanges, we are registered with AUSTRAC and regulated by the Australian Securities and Investment Commission (ASIC).
S Money complies with the relevant laws pertaining to privacy, anti-money laundering and counter-terrorism finance. This means you are required to provide I.D. when you place an order. It also means the order must be paid for by the same person ordering the currency and you must show your identification again when receiving your order.
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