Freedom251 › Money Transfer Apps
OFX
by OFX
What OFX is
OFX provides business payment services and multi-currency accounts through web, iOS, and Android apps. Its Global Business Account can be registered for free and has no minimum balance requirement. Accounts support paying, holding, and receiving money in more than 30 currencies, while business payments cover 30+ currencies and 170+ countries. CAD, USD, GBP, and EUR accounts include local bank details. Corporate cards can be issued instantly with spending limits and merchant-category controls, and expenses can be tracked in real time. Control Hub manages approvals, budgets, workflows, and user access rights. OFX integrates directly with Xero and QuickBooks Online; the Xero connection supports real-time, two-way synchronization. The Business App supports mobile financial operations, while the Money Transfer App provides rates, payments, and transfer tracking. OFX lists bank recipients, transfer times of 1–3 days, an exchange-rate markup, upfront fee display, and scheduled transfers. Phone and email support from human specialists is available 24/7.
Who it suits
OFX suits businesses making international payments, managing multiple currencies, or issuing controlled corporate cards. It also fits teams needing accounting integrations, approval workflows, and mobile access.
What it does well
- Free business account with no minimum balance
- Supports more than 30 currencies
- Payments reach 170+ countries
- Real-time expense tracking for corporate cards
- Xero and QuickBooks Online integrations
What to know first
- Transfers typically take 1–3 days
- Exchange rates include a markup
- Corporate card availability is a listed feature, not a stated free service
Plans
| Plan | Billed and limits | Price |
|---|---|---|
| Global Business Account | — | On request |
As ofx.com lists them, read 28 Sept 2026. The maker's own page has the final word.
Verdict
OFX combines multi-currency business accounts, international payments, cards, controls, and accounting connections. Its web and mobile apps also provide transfer tracking and operational access.
Facts from OFX's own pages
- Accounting integrations
- OFX directly integrates with Xero and QuickBooks Online. · ofx.com, 28 Sept 2026
- Automated workflows
- Built-in AI workflows automate routine finance tasks. · ofx.com, 28 Sept 2026
- Business app
- The Business App supports managing financial operations on the go. · ofx.com, 28 Sept 2026
- Payment coverage
- Business payments are available in 30+ currencies to 170+ countries. · ofx.com, 28 Sept 2026
- Business customers
- OFX says it is trusted by over 37,000 businesses and accounting firms. · ofx.com, 28 Sept 2026
- Corporate cards
- Corporate cards can be issued instantly with spend limits and merchant-category controls. · ofx.com, 28 Sept 2026
- Exchange-rate model
- markup · ofx.com, 22 Sept 2026
- Expense tracking
- Corporate card expenses can be tracked in real time. · ofx.com, 28 Sept 2026
- Upfront fee display
- Yes · ofx.com, 22 Sept 2026
- Free account
- Businesses can register for a free account. · ofx.com, 28 Sept 2026
- Headquarters
- Sydney, Australia · ofx.com, 28 Sept 2026
- Real-time sync
- Xero integration supports real-time, two-way synchronization. · ofx.com, 28 Sept 2026
- Local bank details
- CAD, USD, GBP and EUR accounts allow local bank details. · ofx.com, 28 Sept 2026
- Minimum balance
- OFX has no minimum account balance requirement. · ofx.com, 28 Sept 2026
- Mobile platforms
- both · ofx.com, 22 Sept 2026
- Money transfer app
- The OFX Money Transfer App provides rates, payments and transfer tracking. · ofx.com, 28 Sept 2026
- Multi-currency accounts
- Accounts support paying, holding and receiving money in 30+ currencies. · ofx.com, 28 Sept 2026
- Personal intro offer
- New personal customers can receive an introductory rate across seven currencies; terms apply. · ofx.com, 28 Sept 2026
- Recipient methods
- bank · ofx.com, 22 Sept 2026
- Scheduled transfers
- Yes · ofx.com, 22 Sept 2026
- Regulatory status
- OzForex Limited trading as OFX is regulated by ASIC and is an AFCA member. · ofx.com, 28 Sept 2026
- Paid from
- 0 · ofx.com, 22 Sept 2026
- Specialist support
- OFX offers phone and email support with human specialists 24/7. · ofx.com, 28 Sept 2026
- Transfer speed
- 1_3_days · ofx.com, 22 Sept 2026
Where OFX stands on Freedom251
- Money Transfer Apps#6 of 81