Most major banks traditionally take a wider margin, sometimes up to 5% on the daily exchange rate. At OFX, we think that’s too much, and we’ve built a global business around giving our clients a better deal when it comes to foreign exchange.
Did you know that OFX handles the international money transfers for ING Direct and Macquarie Bank? We transferred over AUD$19.6 billion in 2016, so we are able to pass on close to wholesale rates, saving clients often thousands in FX margins.
Neto clients receive discounted international payments:
- Fee free OFX international transfers
- Preferential exchange rates with 0.85% or less margin
- 24/7 dealing and customer service. You can even transfer over the weekend
- Hedging solutions