OFX Global Money Transfers (NZForex)

OFX (the new NZForex) is a foreign exchange company that helps thousands of clients every year to transfer monies overseas.

In essence they offer sharper exchange rates than the high street banks and have lower transfer fees. Their service is simple to use with 24 hour online access and 24 hour support through our phone based dedicated dealing desk.

Find out below more about OFX, how OFX works, OFX tools, the registration process and why use them instead of a bank.

About OFX Money Transfer

OFX is listed on the Australian Stock Exchange under the code OFX.

The OFX platform powers international money transfer services of ING Direct, Macquarie International Money Transfers, Travelex International Payments and Moneygram Money Transfers.

First launched in 1998 as an information-only website, OFX provides foreign exchange services across 6 continents:

460,000 fund transfers last year
Transferred over $120 billion to date
Approximately 65,000 website visits per day

OFX employs over 360 staff worldwide and has offices in Sydney, London, Toronto, San Francisco, Hong Kong, and Auckland.

OFX was formed in 2001 with the aim of creating a smarter, online alternative to existing deliverable foreign exchange services. Focusing on providing individuals and corporate clients with a better deal, the group has over 100,000 clients globally who transfer in excess of $10 Billion NZD per annum. By using OFX (NZForex), you will enjoy;

Zero transaction fees
Extremely competitive foreign exchange rates across 52 currencies
Online access 24/7
24/7 access to a dedicated foreign exchange dealer
Complete exchange rate transparency
Risk management tools through Limit Orders and Forward Exchange Contracts
Exchange rate alerts via email
Access to their highly regarded daily and weekly “Market Commentary”

Why not take advantage of the free, no obligation registration process and see how much you can save?

To receive the agreed benefits for Moving to Australia.co.nz you must register for free here.

How OFX Works

	Register and lock-in your transfer: Simply tell them how much you’re transferring, which currency and who to send it to.
	Send OFX your funds: OFX accept bank transfers from your account (e.g. BPay, Electronic Bank Transfer). No cash, credit card, cheques or bank drafts. They’ll notify you once they receive your funds.
	OFX deliver to your recipient: Transfers to most countries take 1-2 business days. Track your transfer online or with their mobile app.

OFX Tools

Once you have registered you will have access to all the below tools to help make your money transfers as easy and stress-free as possible:

Get a FX Quote
Set a Reminder for when you need to make a transfer (email, sms, email + sms)
Rate Alerts for when the currency goes over or under a chosen rate.
Download their app to get live exchange rates with their all-in-one currency converter, transfer money and track your transfers on the go.
Help and support (OFX are only a phone call away if you have any questions, need help or advice.

Editor’s Note: OFX have fantastic customer support! Their 24/7 support team are so helpful and always available. If you have any questions make sure you give them a call. They will also call you if you registration is not complete to complete your registration and go over your needs.

OFX Registration Process

Below is the registration process for a personal account. It is very similar to setting up a business account.

Page 1: select Personal or Business Account

Page 2: Personal Registration:
– Country you live in and email.

Page 3: Personal Registration:
– Transfer needs (currency pair and estimated yearly transfer amount).
– Your Details (title, name, date of birth, Country, address, phone, driver licence optional, nationality, occupation, username setup).

Page 3: Thank you for registration and login
Sorry I forgot to screenshot the login with the thank you message, so below is the standard login page.

Why use OFX instead of your bank?

Most people are simply unaware of the high margins and fees that are often applied by the banks for international transfers. The difference in exchange rates can often mean savings of thousands, or even tens of thousands of dollars (depending on volumes being sent). OFX also provides hedging tools in order to assist you and your clients in managing the volatility of the foreign exchange markets.
If you are remitting funds to or from NZ or Australia OFX can help.