OFX business account review fees, eligibility and availability

Snapshot

OFX is a global payments provider, not a bank. Its Global Business Account lets companies hold and pay in more than 30 currencies and send payments to more than 180 countries, with money transfer pricing built into the exchange rate.

Who it suits: Businesses that make regular international payments and want multi currency accounts plus currency hedging tools.
Broadly available in: Regulated in markets including Australia, New Zealand, Singapore, Hong Kong, the United Kingdom, the European Union, the United States and Canada, as of 3 June 2026.
Headline monthly fee: USD 0 per user a month on the Standard plan on the United States site, as of 3 June 2026.
Account type: Global Business Account, a multi currency account with payments and corporate cards. OFX is a money transfer provider, not a bank, so balances are not bank deposits.

Fees and features as of 3 June 2026Last reviewed 3 June 2026

General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.

OFX has provided international money transfers for more than 25 years and is a publicly listed company in Australia. Its Global Business Account combines multi currency accounts, international and domestic payments, corporate cards and currency risk tools such as forward contracts and limit orders. The United States site lists two plans: Standard at USD 0 per user a month and Full Suite at USD 75 a month for five users, then USD 10 per extra user, as of 3 June 2026. Pricing and products vary by region, so check the OFX site for your country.

Overview

OFX is built around moving money across borders rather than day to day branch banking. The Global Business Account holds more than 30 currencies and gives local account details in US dollars, pounds, euros and Canadian dollars, so you can receive like a local in those currencies. It adds corporate cards, batch payments and accounting sync with Xero and QuickBooks Online. Currency conversion is priced into the exchange rate rather than charged as a separate transfer fee. Figures shown as of 3 June 2026.

Strengths

Hold and pay in more than 30 currencies with local details in four of them, competitive exchange rates with hedging tools such as forward contracts, 24/7 human support, and accounting integrations with Xero and QuickBooks Online.

Limitations

OFX is a payments provider, not a bank, so balances are not protected as bank deposits. The older Global Currency Account is closed to new clients. SWIFT and wire payments carry per transaction fees, and card and plan pricing is set in local currency and varies by region.

Fees and features

All figures as of 3 June 2026. Verify current terms with OFX.
Monthly fee	Standard USD 0 per user, Full Suite USD 75 a month including five users then USD 10 per extra user, on the United States site as of 3 June 2026.
Transaction fees	Cross border SWIFT payments cost USD 20 each and domestic wires USD 5 each on the United States site. Receiving international funds is USD 5, currently waived for Standard and Full Suite from 12 May 2026. As of 3 June 2026.
FX fees	Currency conversion is priced into the exchange rate. International card payments carry a 1.5 percent FX margin, while corporate card foreign transaction fees are USD 0, as of 3 June 2026.
Minimum deposit	None stated.
Multi currency	Yes. Hold more than 30 currencies, with local account details in US dollars, pounds, euros and Canadian dollars.
Integrations	Two way sync with Xero and QuickBooks Online, plus batch payments and a business app, as of 3 June 2026.
Eligibility	OFX serves registered businesses in the markets where it is licensed. Pricing and product details vary by country, so check the OFX site for your region. As of 3 June 2026.

Open a OFX business account

Availability and fees vary by country. Check the OFX by country pages below for your market, then confirm current terms with the provider. Shown as of 3 June 2026.

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OFX by country

Questions about OFX

Is OFX a bank?

No. OFX is a global money transfer and payments provider, regulated as a money transmitter or payments business in the markets it serves. Balances in the Global Business Account are not bank deposits and are not covered by deposit insurance, as of 3 June 2026. This is general information, not advice.

What does OFX cost?

The United States site lists a Standard plan at USD 0 per user a month and a Full Suite plan at USD 75 a month for five users, then USD 10 per extra user, as of 3 June 2026. Per payment fees such as USD 20 for cross border SWIFT apply. Confirm current pricing for your region with OFX.

Which currencies does OFX support?

The Global Business Account holds more than 30 currencies, with local account details in US dollars, pounds, euros and Canadian dollars, and pays to more than 180 countries, as of 3 June 2026. Verify the current list with OFX.

Where is OFX available?

OFX is regulated in markets including Australia, New Zealand, Singapore, Hong Kong, the United Kingdom, the European Union, the United States and Canada, as of 3 June 2026. Check availability and terms for your country with OFX.

Fees, features, and eligibility change and vary by region. This page was last reviewed on 3 June 2026. Confirm current terms with OFX before applying.