OFX Fee Calculator
Calculate your OFX transfer fees instantly. Zero fees on large transfers with competitive exchange rates for international money transfers to 190+ countries.
OFX Fee Calculator
OFX Fee Structure:
- • Percentage fee: 0.6% 00
OFX (formerly OzForex) is a leading international money transfer specialist, founded in 1998 and publicly traded on the Australian Securities Exchange (ASX: OFX). With over 25 years of experience, OFX has transferred more than $100 billion for over 1 million customers worldwide. The company specializes in large international transfers for both businesses and individuals, offering competitive exchange rates and zero fees on most transfers.
What sets OFX apart is its focus on larger transfers and personalized service. OFX offers 24/7 access to dedicated currency dealers who provide expert guidance. The platform is popular with expatriates, property buyers, and businesses making regular international payments.
Our calculator estimates transfer costs and exchange rate margins. For large transfers ($10,000+), OFX charges zero fees, making it one of the most cost-effective options available.
How OFX Fees Work
Unlike many competitors, OFX typically charges zero transfer fees, especially for larger amounts ($10,000+). Instead, OFX makes money through the exchange rate margin - typically 0.5-1% depending on the currency pair and transfer amount.
OFX Fee Structure:
- Zero Fees: No transfer fees for most large transfers ($10,000+)
- Exchange Rate Margin: Typically 0.5-1% depending on currency pair
- Larger = Better: Larger transfers get better rates
- Transparency: All costs shown upfront
Example:
Sending $50,000 USD:
- • Transfer fee: $0
- • Exchange margin (0.6%): $300
- • Total cost: $300
- • Effective cost: 0.6%
Using the OFX Fee Calculator
Our calculator estimates total costs including the exchange rate margin. Since OFX charges zero fees for most large transfers, the main cost is the competitive exchange rate margin.
Features:
- Zero fee display
- 55+ currencies
- Competitive rates
You'll See:
- • Zero/minimal fees
- • Exchange margin %
- • Final recipient amount
- • Total effective cost
24/7 Personal Dealer Service
OFX provides 24/7 access to dedicated currency dealers who offer expert guidance and help secure better rates through advanced transfer tools.
Dealer Services:
Expert Guidance:
- • Market insights
- • Rate alerts
- • Timing advice
Advanced Tools:
- • Limit orders
- • Forward contracts
- • Regular payments
Comparing OFX with Other Options
OFX excels for large transfers where its zero-fee model and competitive exchange rates provide significant savings compared to traditional banks.
OFX vs Competitors:
Strengths:
- • Zero fees on large transfers
- • Competitive exchange rates
- • 24/7 dealer support
- • Advanced tools
- • 55+ currencies
- • Since 1998
Considerations:
- • Best for $10,000+
- • 1-2 days transfer time
- • Account setup required
- • No cash pickup
Tips to Maximize Value with OFX
Transfer Strategy:
- • Transfer larger amounts for zero fees
- • Use limit orders for better rates
- • Consider forward contracts
- • Set up regular payment plans
Work with Dealers:
- • Contact for rate quotes
- • Ask about large transfer rates
- • Use market insights
- • Set up rate alerts
Pro Tips:
- Negotiate: For $100,000+ transfers, dealers can offer better rates
- Forward contracts: Lock in rates to protect against fluctuations
- Bundle transfers: Combine small transfers into one large transfer
Frequently Asked Questions
Does OFX charge fees for international transfers?
OFX typically charges zero fees on large transfers (usually $10,000+). For smaller amounts, minimal fees may apply. OFX makes money through the exchange rate margin (0.5-1%), which is competitive and transparent. All costs are shown upfront with no hidden charges.
How fast are OFX transfers?
OFX transfers typically complete within 1-2 business days for most currency pairs. While not instant, the savings from zero fees often outweigh the slightly longer delivery time for large transfers.
What is OFX's minimum transfer amount?
OFX's minimum varies by currency pair. Many major currencies have no minimum, while some require $250+. However, OFX offers the best value for amounts over $10,000 where zero fees apply.
Is OFX safe and regulated?
Yes, OFX is publicly traded (ASX: OFX) and regulated by AUSTRAC, FCA, FinCEN, and others. Founded in 1998, OFX has transferred over $100 billion for 1+ million customers with a strong security track record.
Can I get better rates with OFX?
Yes, contact 24/7 dealers for better rates on large transfers ($100,000+). Use limit orders to set target rates and forward contracts to lock in favorable rates for future transfers.