Simple, fast and secure global money transfers for businesses
Enjoy a special intro 0.45% FX margin* on major currencies for your international business transfers.
Streamline local and global business transactions in one place
See every bill, approval, payment and currency conversion in one place with the OFX Business Account. Pay, hold, and convert funds in 30+ currencies at competitive rates, or make payments via SWIFT to 170+ countries.
Receive, pay, and convert without FX fees* in major currencies
Pay or receive money in AUD, USD, GBP, EUR and CAD with local bank details. Save money when you make payments in those currencies without incurring foreign exchange or conversion fees.
*For more information about our pricing plans, fees and margin, see our pricing page.
A borderless card that saves you money on global spend
Our Corporate Multi-Currency Card gives you access to 30+ currencies directly linked to your business account, reducing unnecessary exchange conversions when you spend in those currencies.
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Enjoy fast international payments
Our global banking network moves your money efficiently through some of the fastest payment schemes available.
Access your account anywhere, anytime with the OFX Business App
Convert currencies or make international payments on the go. Our app gives you more convenience, helping you simplify your local and global finances at your fingertips.
Ready to get started? Create your free account now.
Global money payment solutions for businesses
We are more than business money transfers
Track all your spending in one place
No more working across different platforms. Simplify your global spend management all in one place, so you have more control, time and energy.
Save time with built-in automation
Reduce manual data entry with built-in Optical Character Recognition (OCR) technology.
An all in-one-business account
Open and get quick access to domestic and foreign currency accounts. View and track all your invoices, expenses, approvals and payment status in one place.
Make stress-free payroll and batch payments
Streamline your global batch payments and pay thousands of vendors, suppliers and employees in 30+ currencies.
How to get started
1. Open a business account
Access multiple currencies, enjoy competitive exchange rates, and assign cards to your employees within minutes. Create your free OFX Business Account here.
2. Add funds to your account
There are three ways to fund your OFX Business Account.
- Electronic Fund Transfer (EFT) from your existing bank account
- Set up a direct debit from your existing bank account
- Load funds from your existing rewards credit card to earn points
3. Make or schedule a payment
Pay international bills, suppliers, and vendors. Schedule future invoice payments in batches to help manage your cash flow.
4. Convert and hold foreign currencies
Convert from 30+ currencies when the exchange rates suit you. Hold multiple currencies and use them at your convenience.
Ready to get started? Create your free account now.
Built with your security in mind
Your security is of utmost importance to us. We use robust security measures to protect your data, and ensure a secure online experience.
See what our clients say about us
Jonathon Allara, BikesOnline Co-founder
FAQs
How do businesses use foreign exchange?
Businesses can use foreign exchange to make international payments, receive foreign currencies, and convert funds when the exchange rates are in their favour. This helps them manage global transactions efficiently and save on costs associated with currency conversion.
By leveraging global money management platforms like OFX, businesses can better handle cross-border financial transactions to enhance their competitiveness.
How can my business benefit from OFX?
We help businesses make secure, fast international payments and more.
With OFX, you can:
- Open multi-currency accounts to grow with your business
- Receive and make payments in up to 30+ currencies or from 170+ countries
We also have a team of OFXperts who are available 24/7 to help you navigate the complexities of foreign exchange.
How can I make international payments or receive foreign currencies for my business?
You can make international payments or receive foreign currencies through a virtual global business transaction account.
The OFX Business Account is an example of a virtual global business transaction account. With the account, you have the ability to create and manage multiple currency accounts, where your customers can pay into any of these currency accounts.
Five of the currency accounts (AUD, USD, CAD, GBP and EUR) allow you to hold local bank details, so you can pay and receive like a local.
What are the benefits of having multiple currency accounts for my business?
Having multiple currency accounts allows you to save money by converting your local currency to foreign currencies when the exchange rates are beneficial to you. You can hold those currencies in your account and choose when to use it at your convenience.
Plus, having multiple currency accounts allow you to receive payments or get paid in different foreign currencies quickly and seamlessly. The OFX Business Account allows you to do all the above in one platform.
What is the benefit of having a multi-currency card for my businesses?
If you spend abroad or buy anything online in a foreign currency with a debit or credit card attached to a bank or financial institution, you could be charged an international transaction fee.
A dedicated corporate multi-currency card could help you save more with lower or no international transaction fees. Our Corporate Multi-Currency Card gives you access to competitive foreign exchange rates, allowing you to spend in 30+ currencies that are directly linked to your OFX Business Account.
This means you can spend overseas or make an online purchase in a foreign currency, without incurring international transaction fees or currency conversion fees. You can also assign our cards to employees and set spending limits for teams or projects, to prevent overspending and going over budget.
How can I get the Corporate Multi-Currency Card?
You can get a virtual card when you register for our free business account. Our physical card will be available soon. For more information, view our pricing plans.
Ready to get started? Or have a question?
You can call or email us, anytime. With offices in 9 countries, there’s always an OFXpert to help you when you need, 24/7.
*Terms and Conditions
The introductory 0.45% FX Margin is available to new Australian-based business clients who register under OzForex from Jun 12 2024 to Aug 30 2024 and enter into foreign exchange transactions for AUD, CAD, EUR, GBP, HKD, NZD, SGD and USD by this date. These clients are either using: (i) existing services under our OFX Terms and Conditions; or (ii) our new OFX Australia Business Platform under our OFX General Terms and Conditions (Business) save for some exclusions. Namely; that the 0.45.% FX Margin is not available to (a) existing business clients of OzForex; (b) online sellers under our Global Currency Account Terms of service; (c) clients who have been referred to OFX by one of our alliance or enterprise partners; or (d) card transactions under our OFX Card Agreement (Business). OFX offers customised rates for high-value transfers and business clients under our existing services and our new platform. The offer is only for a limited time only. OFX reserves the right to withdraw the offer at any time. All transactions are governed by the OFX Terms and Conditions or OFX General Terms and Conditions (Business) which includes information in relation to Margin which is how we make our money. For information regarding these terms and conditions, see the Legal page on our website.