Services available

International transfers

Whether emigrating, buying a holiday home or purchasing goods from overseas, you can make very significant savings on your transactions using the International Money Transfers service. Our online system allows you to book exchange rates, set up your payee’s banking details and make an international payment. Our accredited dealers are also ready to answer any queries you have by phone, so feel free to call us at any time on 1300 797 494, to arrange an immediate payment.

Forward contracts*

A Forward Contract is a “buy now - pay later” transfer that allows you to lock in an exchange rate today for a future transfer, between two days and twelve months from today. When you enter a Forward Contract with International Money Transfers an initial deposit is paid up front, with the remaining amount due a couple of days before you wish to deliver the currency to your payee. Forward Contracts are able to be pre-delivered or extended. A Forward Contract is a legally binding agreement by both parties. Please note that the forward exchange rate is not a forecast of the future direction of the exchange rate.

Limit orders*

A Limit Order is a very flexible tool that you can use to nominate a target rate that you are hoping to convert at and then let us monitor the market for this rate without you having to be in front of a computer at all times. Once you have booked a Limit Order with us we will monitor the market for this rate and convert your funds if that rate is reached.

You can change or withdraw the Limit Order until it has been triggered. Once it has been triggered it becomes a legally binding agreement by both parties. If the Limit Order has not been triggered before you need to transfer the funds, you can call us to withdraw the Limit Order and convert the funds yourself.

Regular international payments

Regular International Payments provides a quick and simple way to make recurring international payments. Regular payment plans can be set up to recur bi-weekly, monthly or quarterly. Simply set up a transfer plan that suits your needs and leave the rest to us.

Features and benefits include

•  Cost effective - no establishment or transfer fees
•  Low minimum amount of $500 per payment
•  Minimum of four payments

Examples of regular currency transfers for Individuals

•  Overseas mortgage payment
•  Transfer company pension abroad
•  Foreign salary transfers
•  Rental income repatriation
•  Overseas school fees
•  Investment property repayments
•  Debt repayments
•  Savings repatriation

Examples of regular payment plans for Businesses

•  Paying overseas wages, salaries, bonuses, dividends
•  Paying or receiving royalties
•  Paying or receiving fees for services

 

Further Questions?

Call one of our accredited dealers on 1300 797 494 to discuss your international transfer needs.

There is no obligation or cost to Register. Check out our live rates and compare them with the rate you currently receive.

Please note: International Money Transfers does not (1) deal in cash or travellers cheques or (2) accept payment by credit card, cash or cheque. The minimum transfer size is A$250 or equivalent.

*Subject to eligibility. Contact us to discuss requirements.



 

The International Money Transfers ("IMT") service is provided by OzForex Limited, ABN 65 092-375-703, (trading as "OFX") Australian Financial Services Licence No. 226484. Before deciding whether to use the service, please consider the OFX Financial Services Guide and Product Disclosure Statement. Any reference on this page to "we", "us", or "our" is a reference to OFX.

Where information is provided on this website, it has been prepared by OFX without considering the investment objectives, financial situation and particular needs of any person. Before acting on any general advice on this website, you should consider its appropriateness to your circumstances. To the extent permitted by law, OFX makes no warranty as to the accuracy or suitability of this information and accepts no responsibility for errors or misstatements, negligent or otherwise. Any quotes given are indicative only. The information may be based on assumptions or market conditions and may change without notice. No part of the information is to be construed as solicitation to make a financial investment.

OFX has referral arrangements in place with Macquarie Bank Limited and several of its subsidiaries (each a "Macquarie Entity"), pursuant to which it pays a referral fee to the referring Macquarie Entity if you use the IMT service. These benefits may be based on a percentage of OFX's fees and margins in relation to transactions you conduct using the IMT service. For further details, refer to OFX Financial Services Guide.

OFX will pay Macquarie Equities Limited, ABN 41 002 574 923 ("MEL"), Australian Financial Services Licence No. 237504 a referral fee, and MEL's representatives may receive commission in relation to transactions you conduct using the IMT service. 

Neither MEL or OFX are an authorised deposit-taking institution for the purposes of the Banking Act (Commonwealth of Australia) 1959, and their obligations do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542. Macquarie Bank Limited does not guarantee or otherwise provide assurance in respect of the obligations of MEL or OFX.

Disclosure of Referral Commission Payments: OFX has a referral agreement with MEL pursuant to which OFX is paid a referral fee by MEL in relation to term deposit clients referred by OFX. The referral fee is a trailing commission of 0.25% per annum calculated on the average daily balance of term deposits.