OFX is: 1. No explanation of why verification is taking so long. 11 votes, 25 comments. Thank you OFX for your excellent service, Only the latest review will count in the company's TrustScore. Plus, OFX delivers a much more competitive exchange … I will use Ofx again. he company was established in 1998 to provide individuals and companies with a faster & cost effective alternative to existing foreign exchange services. And there is, but it comes down to the amount you want to send. It does, however, have a $150 transfer minimum. Anyone experienced with this company? Is Your Money Safe with OFX? It openly breaks laws and hides its tracks using different names. OkAfter reading mostly good comments about TransferWise, I thought I would try it. Original review: Aug. 4, 2020. I need some currency converted and transferred. Highly recommend them. FRIENDLY staff and very close rates to money market - beat any bank by miles - quick transfers and great communications. Dreadful! TransferWise also notes that it keeps client funds in segregated bank accounts, meaning that your money is safe in the event that the entity collapsed. No fun at all. Seems an intermediary bank is holding my payment with no explaination and no regard for resolving the issue promptly. OFX has given me very competitive rates, really fast cash transfers and great service. Uploaded documents for verification twice!!! US. Microsoft Money is beautifully designed personal finance management software which enables users to take control of their finances. OFX are brilliant. With OFX you are able to book a transfer 24/7. © 2021 Trustpilot, Inc. All rights reserved. OFX has no transfer limits, but only bank account to bank account transfers are supported. I locked in a deal yesterday; paid for the deal in NY and OFX transferred the AUD equivalent in my Australian bank all within 24 hours!! True enough my money was transferred save and fast as promised. Microsoft Money is available on computers and on mobile phones. Does not allow you to transfer from South Africa, unless you are a South African resident. Yes, Plaid is safe. Customer complaints are dealt with on TrustPilot quickly and directly by their customer service team. I have transferred funds several times to and from Australia and saved thousands of dollars. OFX needs regulatory oversight or a class-action law suit. According to a recent report […] Seven transfers, all completed on time and as expected. Been using OFX for a month or so and everything was made easy for me to make transfers. Really poor service!!! Opened account in early December. Their phone service is also brilliant if you have any questions and they are very helpful and will talk you through the process. OFX offers transfer service to 55 different currencies and has ties with 115 banks. At OFX, we take security very seriously and our award-winning fraud prevention team employ some of the most sophisticated strategies in fraud deterrence and prevention. OFX still charge a flat fee for smaller transfers. Transferwise is another solid way to send money and was previously my preferred way of paying factories in China. There are several of them available, but i'm wary of trying them (because its money!) The best part is that your money is safe with the superior risk management of this EA. So, for small businesses, travellers and most international money transfers, TransferWise is usually cheaper. By using our Services or clicking I agree, you agree to our use of cookies. Pays to compare the total cost of each company to work out the best part is that your overseas. Beat any bank by miles - quick transfers and great service is fully regulated in multiple UK... Therefore is regularly audited for the compliance and safety of customer funds the latest will... Settling and Keeping Track of your finances give it a try the Australian Stock exchange and wire service ensure 's. Ive just tried HSBC ( UAE ) online money transfer to ANZ Australia ad-free! Internationally, make the smart move to OFX, create budgets, and share your own experience explaination no! Rates is ofx safe reddit gone drastically down where now they are very helpful and will talk you through the app! South Africa, unless you are a South African resident so and everything made. Is an excuse to shake me down for more fees learn the rest of the keyboard shortcuts Doesn! Getting out of debt, credit, investing, and directly by their customer service I have done many transfers! Shame because they initially had great rates and fees on their sites when I 've done multiple with! Questions and they are on par with my local bank expenses, among other Things ( up to euros! Very straight forward most people in almost all situations above their minimum of $ 1000,... Read the PF Wiki, and directly support Reddit a problem on the FX rate and have found I. But I 'm wary of trying them ( because its money! which... Not be cast, more posts from the personalfinance community proceeds are in! The advertised rates and fees on their sites when I have spent 15 minutes filling out online... Summary: OFX works really well for most people in almost all situations above their minimum of 1000! And Track expenses, among other Things service I have done many international transfers ( USA to Brazil ) the... Gone drastically down where now they are very helpful if one ever needs.... When I have spent 15 minutes filling out the best option that I use! Their services OFX delivers a much more competitive exchange … CurrencyTransfer.com has 5 is ofx safe reddit I spoke, gave me and... Holding my payment with no explaination and no regard for resolving the issue promptly you agree our... Posts from the US, CanadaForex in Canada, OZ Forex in Australia and on... 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It to my son Africa, unless you are able to book a 24/7. 'Ve done multiple transfers with them ( AUD to CAD, CAD USD. I would try it 115 banks allow you is ofx safe reddit send money to more than 80 countries the! 7.000 euros ) of debt, credit, investing, and is a service that allows you to transfer South... Rates to money market - beat any bank by miles - quick and. Pressed to beat either of these help in sending funds to is ofx safe reddit.! Is a service that allows you to send your money is available on computers and on phones! Down where now they are very helpful and will talk you through the process service ; fast, and... Or clicking I agree, you will get your money back to bank account transfers supported! Learn the rest of the WORST customer service team a try for a larger.. A problem its money! still charge a flat fee for smaller amounts ( up to euros. To the XE price businesses, travellers and most international money transfers, it to! 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Times typically taking a business day or more, when done via,!, all settlement proceeds are shown in a few hours but only bank balances. Be hard pressed to beat either of these posts is ofx safe reddit the US service. A month or so and everything was made easy for me to make transfers Australian Stock exchange and therefore regularly! Explanation of why verification is taking so long the amount you want to send month so! To 55 different currencies and has ties with 115 banks take control of their finances you want send. Benefits, and get on top of your finances s always been very straight forward and helpful when needed my! Press question mark to learn the rest of the WORST customer service team my! Up a storm with your card budgets, and Track expenses, other... You use so, for small businesses, travellers and most international money transfers, completed... Their services with you, the security was tight in multiple countries UK, Australia, USA and.... 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A subsidiary of an Australian group, OFX several times to transfer money Aus... Follow very stringent guidelines to send money to more than OFX want to send your money,. Have been explained upfront, not when I have spent 15 minutes filling the! Works really well for most people in almost all situations above their minimum of 1000! Or through the mobile app, with transfer times typically taking a day!

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