Is OFX a legitimate company?
With over 270 employees spread across 6 offices, OFX certainly has a global footprint. Overall, OFX is probably one of the most trustworthy companies in the foreign exchange and international payments business in the world.
Is OFX a bank?
1. What is OFX (Really)? OFX is a licensed and regulated money transfer service provider. While it accepts transfers from as little as $1000 USD, it's best for large bank-to-bank international transfers (above $7000 USD/£4000 GBP/€4500 EU/$9500 CAD/AUD).
Is OFX safe to send money?
OFX is just as safe as any other bank you will come across. It's a highly regulated company with regulations that take place in each of their offices around the world. This includes New Zealand, Canada, UK, Australia, and the US.
How do you transfer money with OFX?
How OFX works
- Open a free OFX account. Sign up for a free OFX account in under 5 minutes.
- Send your funds. Enter your recipient details and use BPay or electronic Bank Transfer to send your money.
- Track the transfer. Track your transfer online or via the app. Most transfers are delivered within 24 hours. Register now.