OFX
Payment card issuance software
Accounts payable (AP) & spend analysis software
Spend management software
Accounts payable automation software
Foreign exchange software
Remittance & money transfer software
Expense management software
Travel & expense software
Payment software
Procurement software
Accounting & finance software
- Features
- Ease of use
- Ease of management
- Quality of support
- Affordability
- Market presence
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$15.00 per user per month
Free Trial
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What is OFX
OFX is a cross-border payments and foreign exchange platform used to send and receive international transfers and manage currency conversion for businesses and individuals. It supports use cases such as paying overseas suppliers, repatriating funds, and managing multi-currency cash flows. The product focuses on bank-to-bank transfers and FX execution rather than card issuing or end-to-end procurement workflows. It typically serves finance teams, treasury, and operations users who need repeatable international payment processes and reporting.
Strong cross-border FX focus
OFX is purpose-built for foreign exchange and international money transfers, which fits organizations with recurring cross-border supplier or intercompany payments. It supports converting and sending funds across multiple currencies without requiring card issuance. This focus can be simpler to adopt than broader spend suites when the primary need is FX and international remittance.
Business payment workflows
The platform supports business-oriented transfer workflows such as beneficiary management, repeat payments, and payment tracking. These capabilities align with finance operations teams that need consistent processes for international payouts. It can complement existing accounting/AP systems when the main gap is cross-border settlement and FX.
Multi-currency operational support
OFX supports multi-currency transfers and related operational features that help manage payments across regions. This can reduce manual steps compared with using multiple banks for different corridors. It is positioned more around international payments operations than around merchant acquiring or card program management.
Limited spend suite breadth
OFX is not primarily a procurement, travel & expense, or end-to-end AP automation suite. Organizations looking for integrated purchasing controls, invoice capture/approvals, corporate cards, and employee expense workflows may need additional tools. Spend analytics and policy enforcement features are typically less comprehensive than platforms designed specifically for spend management.
Not a card issuing platform
OFX does not position itself as payment card issuance software for creating and managing corporate card programs. If a business requires virtual/physical card issuance, card controls, and card-based expense capture as the core workflow, a dedicated issuing/spend platform is usually a better fit. OFX is more aligned to bank-transfer-based international payments.
Coverage varies by corridor
Cross-border payment speed, local payout options, and available currencies can vary by destination and regulatory constraints. Businesses operating in many countries may need to validate corridor coverage, settlement times, and beneficiary requirements for their specific markets. This can introduce operational complexity compared with providers that offer broader local payment method coverage.
Plan & Pricing
| Plan | Price | Key features & notes |
|---|---|---|
| Standard | $15.00 per user / month | Global Business Account; Payments; Corporate Cards; FX Solutions; Integrations (Xero, QuickBooks Online bankfeeds); 24/7 support; onboarding & activation support; access to currency hedging experts. Cross-border Wire/SWIFT fee: $20 per transaction. Domestic (USA) ACH included: 20 transactions/month; $0.50 per domestic transaction beyond included volume. FedWIRE receive fee: $5. Receive via ACH Direct Debit: no cost. Funding Global Business Account by domestic credit card: 2.9%; international credit card: 3.4%. See OFX Business Subscription Agreement and Fee Schedule. |
| Full Suite | $25.00 per user / month | Everything in Standard plus: Enhanced controls & automation (approvals, spend management), Control Hub, Dedicated Account Manager, Dedicated onboarding & activation support. Cross-border Wire/SWIFT fee: $20 per transaction. Domestic (USA) ACH included: 50 transactions/month; $0.50 per domestic transaction beyond included volume. FedWIRE receive fee: $5. Receive via ACH Direct Debit: no cost. Corporate card foreign transaction fee: $0; FX margins on card payments: 1.5%. Funding by domestic credit card: 2.9%; international credit card: 3.4%. |
| Custom / Enterprise | Custom pricing | Custom pricing and limits — contact sales for pricing and plan customization. |
Additional notes: OFX states no transfer fees for consumer international money transfers from the United States (but third-party/intermediary bank fees may apply). OFX offers customised rates for large/high-value transfers and business customers; live customer rates require registration or login.
Seller details
OFX Group Limited
Sydney, NSW, Australia
1998
Public
https://www.ofx.com/
https://x.com/ofx
https://www.linkedin.com/company/ofx/
