We’re upgrading your OFX digital experience
Soon you’ll be able to enjoy our new and improved OFX Australia Business Platform. You can still make international spot payments quickly and securely at competitive FX rates – and more.
- Gain greater control: unlock new features like virtual cards and multi-currency accounts
- Mark your calendar: review the new terms before the platform upgrade
- Your questions answered: explore our FAQs to get ready
What’s staying the same
Our new business platform is more than just a new look, but we’re keeping the best parts you know and love.
Here’s what you can count on:
- Same easy access: continue to log in via our secure website
- Trusted security: continue to enjoy peace of mind with our security measures, and now ISO 27001:2022 certified in Australia
- Human support: our team of OFXperts are here to help 24/7
New features coming your way
Built to help you achieve more with your financial operations, here’s what you can look forward to in our new business platform:
- Multi-currency accounts: pay, hold and receive funds in 30+ currencies
- Domestic payments: spend locally from your held balances in AUD
- Virtual employee and company cards: instantly issue virtual cards for greater visibility on local and global expenses
- More control: keep track of your local and global expenses in one platform.
- Batch payments: simplify and accelerate your global payment processes
- OFX Business AU App: achieve more on the go, with the same trusted security
Explore Frequently Asked Questions
To learn more about the new business platform, please visit our FAQs
Legal information
Our new OFX Australia Business Platform has new services and some changes to our fees. Please review our updated legal documents that will apply to your OFX Business Account from the date specified in our email to you.
OFX General Terms & Conditions (Business)
We’ve also updated our Product Disclosure Statement (PDS), please read it carefully. It has details of the new services and the changes to fees that apply from the date specified in our email to you, when your business account is upgraded to the OFX Australia Business Platform. Key updates to the PDS include:
- No more $15 fee: We’ve removed the $15 transaction fee for FX payments below AU$10k (or a foreign currency equivalent).
- SWIFT payment fee: A $10 fee applies for payments via SWIFT. You can avoid this fee by using OFX-supported local payment rails, where available.*
- SWIFT receiving fee: A $5 fee applies to receive funds via SWIFT. You can avoid this fee by using OFX-supported local Account Credentials in AUD, GBP, USD, CAD and EUR.
- Domestic transaction limit: You get 20 free domestic transactions per month on the Business Plan (200 included on Business Plus). A $1 fee applies per transaction thereafter.
- New services: Our new OFX Australia Business Platform now includes OFX Global Accounts and OFX Card services.
*See General T&Cs: 5.4 ‘OFX Global Account’
We’re here to help
If you have any questions about the new business platform or would like more details on your enhanced benefits, read our FAQs or contact us.
