OFX
OFX · Sydney, Australia
What it is
OFX provides business accounts and international payments, with web, iOS, and Android access. Businesses can register for a free Global Business Account, which has no minimum balance requirement. Accounts support paying, holding, and receiving money in more than 30 currencies, and business payments are available in 30+ currencies to 170+ countries. CAD, USD, GBP, and EUR accounts include local bank details. Corporate cards can be issued instantly with spend limits and merchant-category controls, and expenses can be tracked in real time. Control Hub provides approvals, budgets, workflows, and user access rights. OFX directly integrates with Xero and QuickBooks Online; the Xero integration supports real-time, two-way synchronization. The Business App supports managing financial operations on the go, while the Money Transfer App provides rates, payments, and transfer tracking. OFX lists bank transfers, 1–3-day transfer times, an exchange-rate markup, upfront fee display, and scheduled transfers. Phone and email support from human specialists is available 24/7. OFX is headquartered in Sydney, Australia.
For and against
For
- Free business account with no minimum balance.
- Accounts support more than 30 currencies.
- Corporate card expenses can be tracked in real time.
- Xero and QuickBooks Online integrations are available.
- Human specialist support is available 24/7.
Against
- Listed transfer speed is 1–3 days.
- Exchange rates use a markup.
- Business payments cover 30+ currencies to 170+ countries.
The verdict
OFX combines multi-currency business accounts, international payments, expense tools, and accounting integrations. Its listed transfer time is 1–3 days, and its exchange-rate model includes a markup.
Who it suits
OFX suits businesses managing international payments or funds across multiple currencies. Its cards, Control Hub, and accounting integrations may also suit teams coordinating expenses and finance workflows.
Plans and prices
Global Business Account
Read 28 Sep 2026 · ofx.com
On the record
- Accounting integrations
- OFX directly integrates with Xero and QuickBooks Online.ofx.com · read 28 Sep 2026
- Automated workflows
- Built-in AI workflows automate routine finance tasks.ofx.com · read 28 Sep 2026
- Business app
- The Business App supports managing financial operations on the go.ofx.com · read 28 Sep 2026
- Payment coverage
- Business payments are available in 30+ currencies to 170+ countries.ofx.com · read 28 Sep 2026
- Business customers
- OFX says it is trusted by over 37,000 businesses and accounting firms.ofx.com · read 28 Sep 2026
- Corporate cards
- Corporate cards can be issued instantly with spend limits and merchant-category controls.ofx.com · read 28 Sep 2026
- Exchange-rate model
- markupofx.com · read 22 Sep 2026
- Expense tracking
- Corporate card expenses can be tracked in real time.ofx.com · read 28 Sep 2026
- Upfront fee display
- Yesofx.com · read 22 Sep 2026
- Free account
- Businesses can register for a free account.ofx.com · read 28 Sep 2026
- Real-time sync
- Xero integration supports real-time, two-way synchronization.ofx.com · read 28 Sep 2026
- Local bank details
- CAD, USD, GBP and EUR accounts allow local bank details.ofx.com · read 28 Sep 2026
- Minimum balance
- OFX has no minimum account balance requirement.ofx.com · read 28 Sep 2026
- Mobile platforms
- bothofx.com · read 22 Sep 2026
- Money transfer app
- The OFX Money Transfer App provides rates, payments and transfer tracking.ofx.com · read 28 Sep 2026
- Multi-currency accounts
- Accounts support paying, holding and receiving money in 30+ currencies.ofx.com · read 28 Sep 2026
- Personal intro offer
- New personal customers can receive an introductory rate across seven currencies; terms apply.ofx.com · read 28 Sep 2026
- Recipient methods
- bankofx.com · read 22 Sep 2026
