Unique Selling Point:
With OFX there is no limit on online transfers or phone-based transfers, offering those transferring large sums of money options not available with most other money transfer services.
Who is this app for:
If you’re looking for a way to transfer large sums of money internationally with a low exchange rate margin and solid 24/7 phone and email support, then OFX may be for you. While OFX doesn’t offer some of the flexibility in payment and recipient options that other providers do, they focus on bank-to-bank transfers for those making large international transfers. OFX also offers additional features that will likely appeal to those transferring large amounts of money for transfers that are less time sensitive. These include “Forward Exchange Contracts”, which secure a fixed, guaranteed exchange rate for a future date, and “Limit Orders”, where you can specify a target rate at which you’d like to transfer your money. These can be of particular help to those transferring to and from volatile currencies.
Bonus points:
– With offices around the globe, OFX provides top-quality customer service from their “OFXperts” 24 hours a day, 7 days a week.