OFX
OFX provides business accounts and international payment services, with support for paying, holding, and receiving money in more than 30 currencies.
What OFX is
OFX provides business accounts and international payment services, with support for paying, holding, and receiving money in more than 30 currencies. Business payments are available to more than 170 countries. The Global Business Account can be registered for free and has no minimum balance requirement. CAD, USD, GBP, and EUR accounts include local bank details, while corporate cards can be issued instantly with spend limits and merchant-category controls. Card expenses can be tracked in real time.
Control Hub provides approvals, budgets, workflows, and user access rights. OFX directly integrates with Xero and QuickBooks Online; its Xero connection supports real-time two-way synchronization. The Business App and Money Transfer App support managing financial operations, rates, payments, and transfer tracking. OFX lists bank as the recipient method, transfer times of 1–3 days, and an exchange-rate markup. It offers phone and email support from human specialists 24/7. The company is headquartered in Sydney, Australia.
Good
- Free business account with no minimum balance.
- Accounts support more than 30 currencies.
- Corporate card expenses are tracked in real time.
- Direct integrations with Xero and QuickBooks Online.
- Phone and email specialist support is available 24/7.
Watch out
- Transfers take 1–3 days.
- Exchange rates use a markup.
- Payments are available to bank recipients.
Who it suits
OFX may suit businesses that send or receive international payments and need multi-currency balances, local bank details, or corporate spending controls. It also fits businesses using Xero or QuickBooks Online.
Verdict
OFX brings multi-currency accounts, business payments, card controls, and accounting integrations together. Its listed transfer time and exchange-rate markup are worth weighing against your payment needs.
Plans and prices
From OFX's own pricing page, checked 28 Sep 2026.
| Plan | Price | What it gives you |
|---|---|---|
| Global Business Account | Free | Register for free; no minimum account balance requirement |
The facts
Each one read from OFX's own pages, with the date it was checked.
What it does
- Accounting integrations
- OFX directly integrates with Xero and QuickBooks Online.checked 28 Sep 2026
- Automated workflows
- Built-in AI workflows automate routine finance tasks.checked 28 Sep 2026
- Business customers
- OFX says it is trusted by over 37,000 businesses and accounting firms.checked 28 Sep 2026
- Corporate cards
- Corporate cards can be issued instantly with spend limits and merchant-category controls.checked 28 Sep 2026
- Exchange-rate model
- markupchecked 22 Sep 2026
- Expense tracking
- Corporate card expenses can be tracked in real time.checked 28 Sep 2026
- Local bank details
- CAD, USD, GBP and EUR accounts allow local bank details.checked 28 Sep 2026
- Minimum balance
- OFX has no minimum account balance requirement.checked 28 Sep 2026
- Multi-currency accounts
- Accounts support paying, holding and receiving money in 30+ currencies.checked 28 Sep 2026
- Paid from
- 0checked 22 Sep 2026
- Payment coverage
- Business payments are available in 30+ currencies to 170+ countries.checked 28 Sep 2026
- Personal intro offer
- New personal customers can receive an introductory rate across seven currencies; terms apply.checked 28 Sep 2026
- Real-time sync
- Xero integration supports real-time, two-way synchronization.checked 28 Sep 2026
- Recipient methods
- bankchecked 22 Sep 2026
- Regulatory status
- OzForex Limited trading as OFX is regulated by ASIC and is an AFCA member.checked 28 Sep 2026
- Scheduled transfers
- Yeschecked 22 Sep 2026
- Specialist support
- OFX offers phone and email support with human specialists 24/7.checked 28 Sep 2026
- Transfer speed
- 1_3_dayschecked 22 Sep 2026
- Transfer tracking
- Yeschecked 22 Sep 2026
Where it runs
- Business app
- The Business App supports managing financial operations on the go.checked 28 Sep 2026
- Mobile platforms
- bothchecked 22 Sep 2026
- Money transfer app
- The OFX Money Transfer App provides rates, payments and transfer tracking.checked 28 Sep 2026
Money
- Free account
- Businesses can register for a free account.checked 28 Sep 2026
The company
- Headquarters
- Sydney, Australiachecked 28 Sep 2026
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