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SPECIFICTION
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OFX

ofx.com

Free plan WebiOSAndroid
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Spec score 8.8 #11 of 81 in Money Transfer Apps

What it is

OFX provides business accounts and international payments, with web, iOS, and Android access. Its Global Business Account can be registered for free and has no minimum balance requirement. Businesses can pay, hold, and receive money in more than 30 currencies, and business payments are available in 30+ currencies to 170+ countries. CAD, USD, GBP, and EUR accounts include local bank details. OFX also offers corporate cards 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. The service integrates directly with Xero and QuickBooks Online, and its Xero connection supports real-time, two-way synchronization. OFX lists bank transfers, a typical transfer speed of 1–3 days, an exchange-rate markup, upfront fee display, transfer tracking, and scheduled transfers. The Business App supports financial operations on the go, while the Money Transfer App provides rates, payments, and transfer tracking. OFX offers phone and email support from human specialists 24/7 and is headquartered in Sydney, Australia.

Spec sheet

Paid from
0Read 22 Sep 2026 · ofx.com
Headquarters
Sydney, AustraliaRead 28 Sep 2026 · ofx.com
Accounting integrations
OFX directly integrates with Xero and QuickBooks Online.Read 28 Sep 2026 · ofx.com
Automated workflows
Built-in AI workflows automate routine finance tasks.Read 28 Sep 2026 · ofx.com
Business app
The Business App supports managing financial operations on the go.Read 28 Sep 2026 · ofx.com
Business customers
OFX says it is trusted by over 37,000 businesses and accounting firms.Read 28 Sep 2026 · ofx.com
Corporate cards
Corporate cards can be issued instantly with spend limits and merchant-category controls.Read 28 Sep 2026 · ofx.com
Exchange-rate model
markupRead 22 Sep 2026 · ofx.com
Expense tracking
Corporate card expenses can be tracked in real time.Read 28 Sep 2026 · ofx.com
Free account
Businesses can register for a free account.Read 28 Sep 2026 · ofx.com
Local bank details
CAD, USD, GBP and EUR accounts allow local bank details.Read 28 Sep 2026 · ofx.com
Minimum balance
OFX has no minimum account balance requirement.Read 28 Sep 2026 · ofx.com
Mobile platforms
bothRead 22 Sep 2026 · ofx.com
Money transfer app
The OFX Money Transfer App provides rates, payments and transfer tracking.Read 28 Sep 2026 · ofx.com
Multi-currency accounts
Accounts support paying, holding and receiving money in 30+ currencies.Read 28 Sep 2026 · ofx.com
Payment coverage
Business payments are available in 30+ currencies to 170+ countries.Read 28 Sep 2026 · ofx.com
Personal intro offer
New personal customers can receive an introductory rate across seven currencies; terms apply.Read 28 Sep 2026 · ofx.com
Real-time sync
Xero integration supports real-time, two-way synchronization.Read 28 Sep 2026 · ofx.com
Recipient methods
bankRead 22 Sep 2026 · ofx.com
Regulatory status
OzForex Limited trading as OFX is regulated by ASIC and is an AFCA member.Read 28 Sep 2026 · ofx.com
Scheduled transfers
YesRead 22 Sep 2026 · ofx.com
Specialist support
OFX offers phone and email support with human specialists 24/7.Read 28 Sep 2026 · ofx.com
Transfer speed
1_3_daysRead 22 Sep 2026 · ofx.com
Transfer tracking
YesRead 22 Sep 2026 · ofx.com
Upfront fee display
YesRead 22 Sep 2026 · ofx.com
User access controls
Control Hub supports approvals, budgets, workflows and user access rights.Read 28 Sep 2026 · ofx.com

Plans and prices

Global Business Account Free Register for free; no minimum account balance requirement Read 28 Sep 2026 · ofx.com

Every OFX plan and price →

Strong points and limits

Strong points

  • No minimum account balance requirement
  • Supports more than 30 currencies
  • Xero and QuickBooks Online integrations
  • 24/7 phone and email specialist support

Limits

  • Transfer speed is listed as 1–3 days
  • Exchange rates use a markup
  • Business payments cover 170+ countries

Who it suits

It suits businesses that pay, hold, or receive funds across multiple currencies and need account controls or accounting integrations. The listed mobile apps also support managing financial operations and tracking transfers away from the web.

Verdict

OFX combines multi-currency accounts, payment tools, cards, and finance controls for business use. Review the listed transfer timing and exchange-rate markup alongside the currencies and integrations your business needs.

Where Specifiction places it

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