Fund your OFX Business Account to unlock rewards
Fund your business account with a rewards credit card to earn points. Use the funds to pay for business expenses such as payroll, taxes, utilities and more.
A dual advantage for your business
The OFX Business Account not only helps simplify all your global expenses, it also allows you to fund your account using a rewards credit card to earn and accumulate points from your financial institution.
Enjoy more benefits for your payments
Once you’ve added funds to your OFX Business Account with your rewards credit card, use the funds to pay business expenses such as payroll, taxes, rent, utilities, insurance and more.
Ready to get started? Create your free account now.
How to get started
1. Log into your business account
Access multiple currencies, enjoy competitive exchange rates, and assign employee cards within minutes. Don’t have an account yet? Create your free business account here.
2. Add your rewards credit card
Fund your account by adding your rewards credit card in the platform. You can select an existing card or add a new card.
3. Enter the amount to fund your business account
Decide how much you want to fund your account. Enter the deposit amount and confirm your payment. The funds will arrive in your account in real-time.
4. Use the funds in your account to pay suppliers and bills
Use the funds to pay expenses such as the ATO, staff payroll, utilities and more.
Pro tip: If you have global expenses in foreign currencies, use our Corporate Multi-Currency Card to save on FX fees.
Save time, energy and money with OFX
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.
Gain more budget control with cards
Assign cards to manage your employees’ spend in Australia or overseas. Set limits on each card for more control.
Make stress-free payroll and batch payments
Streamline your global batch payments and pay thousands of vendors, suppliers and employees in 30+ currencies.
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.
FAQs
Are transactions considered a cash advance on my credit card?
No, these transactions are considered standard transactions.
How do I earn reward points from my credit card when funding my OFX Business Account?
If you’re a business owner who has a rewards credit card, you can add funds to the OFX Business Account using your rewards credit card to earn points.
For example, if you add $10,000 into your OFX Business Account with your rewards credit card, you will be able to earn points from this transaction. With the funds in your account, you can then use it to pay business expenses such as taxes, suppliers, rent, staff and more within the OFX platform.
How can my business benefit from this?
Having an OFX Business account not only helps streamline your global expenses, it lets you fund your account with your rewards credit card, enabling you to earn reward points.
How can I fund my OFX Business Account via a rewards credit card?
To fund your business account with your rewards credit card, log in and follow the steps below:
- On the Dashboard, go to the ‘Quick actions’ tab and select ‘Add funds’.
- Select ‘Card payment’, add a new card or select an existing one.
- Select an existing card from the dropdown menu or click ‘Manage’ to add new card details.
- Enter the instructed deposit amount.
- Click ‘Go’ to confirm.
- Confirm card payment and click ‘Submit payment’.
How long will it take for the funds to arrive in my OFX Business Account?
Once you’ve confirmed and submitted the card payment, the funds will arrive in your business account in real-time.
Is there a transaction limit on how much I can fund my OFX Business Account with my rewards credit card?
Your rewards credit card will have a credit limit, so you may only be able to process a certain amount depending on your available credit limit. Check with your card provider in relation to your credit limit.
Are there any fees involved?
Yes, there are transaction fees from credit card merchants. International credit cards also have associated foreign exchange rates and international transaction fees.
- Visa and Mastercard: 1.4%(per transaction)
- Amex/Diners Club: 1.95% (per transaction)
- Foreign (non-AUD) currencies / international cards: 3.4% (per transaction)
Are there any other ways to transfer funds to my OFX Business Account?
Yes, there are two other ways to fund your OFX Business Account.
- Electronic Fund Transfer (EFT) from your existing bank account
- A direct debit from your existing bank account
However, adding funds from your rewards credit card will allow you to enjoy and unlock more benefits by earning points.
Want to learn more?
Gain more control and time with streamlined processes – all from a single platform. Get started for free with a Business plan. Or enjoy more features in our paid Business Plus plan with a 30-day free trial.
