OFX review
Updated October 13, 2026 · VaultCue Editorial Team
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Our verdict
OFX provides a business financial operations platform covering global payments, corporate cards, spend management and currency solutions in one streamlined account. It suits businesses that want centralised control, automated approvals and clear visibility across team spending and international transfers with fewer separate sign-ins.
Key facts
Everyday accounts
Money transfer
Facts checked September 26, 2026, 8 sources
Apps and profiles
- Get the app
- App Store
Pros and cons
Pros
- Single account for payments, cards, spend management and currency solutions
- Corporate cards for team use in many currencies with receipt capture
- Automated approval workflows with segregated duties and access controls
- Centralised dashboard giving control and real time insights for businesses
Cons
- Focused on businesses, so less relevant for personal everyday banking needs
- Single platform approach requires moving several finance tasks into one account
- Card and workflow controls add setup that very small teams may not need
Who it suits
- Businesses managing international payments and team expenses
- Finance teams wanting automated approvals and clear oversight
Who should look elsewhere
- People seeking personal current accounts or savings
How OFX compares
Where OFX is available
- Available
- Australia, Canada, Hong Kong, Ireland, New Zealand, Singapore, United Kingdom, United States
- Licence in Australia
- ASIC (AFS Licence No. 226484), checked September 26, 2026
- Licence in Australia
- AUSTRAC, checked September 26, 2026
- Licence in Singapore
- MAS (Major Payment Institution Licence No. PS20200277), checked September 26, 2026
- Licence in Hong Kong
- Customs and Excise Department (CED) (Money Service Operator 12-08-00582), checked September 26, 2026
- Licence in New Zealand
- DIA (FSP8401), checked September 26, 2026
- Licence in United Kingdom
- FCA (E-Money Institution Ref. No. 902028), checked September 26, 2026
- Licence in Ireland
- Central Bank of Ireland (CBI) (E-Money Institution Ref. No. C190174), checked September 26, 2026
- Licence in United States
- FinCEN and state regulators (NMLS #1021624), checked September 26, 2026
- Licence in Canada
- FINTRAC (Reg No. MO8560392), checked September 26, 2026
- Licence in Canada
- Revenu Quebec (Registration No 10713), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does OFX offer to businesses?+
OFX offers a financial operations platform for businesses. It covers global payments, corporate cards, spend management and currency solutions within one streamlined account. The aim is to automate routine finance tasks and reduce multiple sign-ins.
How do OFX corporate cards work?+
Businesses can issue cards for staff use and pay in more than thirty currencies. Spending carries visibility for managers, with automated receipt capture and team budgets. The structure helps teams track card use with greater transparency and control.
How does spend control work on the platform?+
The platform controls spending before it happens through cards, budgets and approval rules. Businesses can segregate duties, set payment approvals and manage account access. Automated workflows then give managers clearer oversight and real time insight.
Does OFX charge a monthly fee?+
The monthly fee at OFX is €0. (Source, checked September 26, 2026)
Which company operates OFX?+
OFX is operated by USForex Inc. d/b/a OFX. (Source, checked September 26, 2026)
Where is OFX based?+
OFX is based in United States. (Source, checked September 26, 2026)
How can I contact OFX support?+
OFX offers support through Phone, Email, Help-centre. (Source, checked September 26, 2026)
Sources
- ofx.com/en-ie/about-us checked September 26, 2026
Backs: Audience
“Designed to help businesses and accounting firms manage global financial operations across borders.”
- ofx.com/en-ie/business/pricing checked September 26, 2026
Backs: Local account details, Pricing model, Monthly fee
“Pay like a local in GBP, EUR, USD and CAD (local bank details)”
- ofx.com/en-ie/legal/fee-schedule/01-04-2026 checked September 26, 2026
Backs: Currency conversion fee
“Automatic Conversion OFX Margin 1.50% (Prime and Pro plans)”
- ofx.com/en-us checked September 26, 2026
Backs: Support channels
“You can call or email us, anytime. With offices in 9 countries, there's always a real human specialist to help you, 24/7.”
- ofx.com/en-us/about-us checked September 26, 2026
Backs: Deposit protection, Licences
- ofx.com/en-us/faqs/how-long-will-it-take-for-the-funds-to... checked September 26, 2026
Backs: Delivery time
“most transfers to major currencies, like euros or US dollars, are made within 1 to 2 business days”
- ofx.com/en-us/legal checked September 26, 2026
Backs: Legal entity
“Our Clients in the United States are dealing with USForex Inc., doing business as OFX.”
- ofx.com/en-us/partner-with-us checked September 26, 2026
Backs: Headquarters
“OFX United States 49 Stevenson Street, 13th Floor, San Francisco CA 94105 United States”
- ofx.com/en-us/personal checked September 26, 2026
Backs: Currencies, Payout methods, Transfer fee, Fee to send 1,000
“Send money securely with bank-beating rates in 50+ currencies and to more than 180 countries”
Compiled from 9 source pages, checked October 13, 2026. We did not open an account.
Not confirmed yet: Headline rate, Rate type, Term, Minimum deposit.