OFX — How to Track Your International Transfer
OFX is one of the original online FX brokers, focused on larger transfers (£1,000+) for individuals and businesses. Uses SWIFT for cross-border settlement so transfers do get UETRs. Most OFX transfers go via SWIFT — Ohmyfin is genuinely useful here. Get the UETR from OFX support and track live to see where in the correspondent chain your funds are.
Details
What is OFX? OFX is one of the original online FX brokers, focused on larger transfers (£1,000+) for individuals and businesses. Uses SWIFT for cross-border settlement so transfers do get UETRs.
How OFX settles cross-border payments: Primarily SWIFT for international bank transfers; uses correspondent network for FX and settlement. This means OFX mostly uses SWIFT. Most OFX transfers settle as SWIFT bank wires — that's its core product.
Tracking a OFX transfer: OFX reference. UETR available via support for the SWIFT leg.
OFX pricing — £0 fee on most transfers; FX margin 0.4-1.5% (better on larger amounts).. Typical speed — 1-2 business days typically.. Coverage — 170+ countries, 50+ currencies..
Why Ohmyfin matters for OFX users: Most OFX transfers go via SWIFT — Ohmyfin is genuinely useful here. Get the UETR from OFX support and track live to see where in the correspondent chain your funds are. Ohmyfin is an independent payment-status search service — we are not affiliated with OFX in any way, and we do not need access to your OFX account. Free for ordinary users worldwide.
Key facts
- Category: International money transfer for larger amounts
- Founded: 1998, Sydney
- HQ: Sydney, Australia (ASX: OFX)
- Uses SWIFT: mostly (Most OFX transfers settle as SWIFT bank wires — that's its core product)
- Typical fees: £0 fee on most transfers; FX margin 0.4-1.5% (better on larger amounts).
- Typical speed: 1-2 business days typically.
- Coverage: 170+ countries, 50+ currencies.
- Track on Ohmyfin: paste UETR on the homepage (free, no account needed)
Frequently asked questions
Does OFX use SWIFT?
Yes — most OFX international transfers settle via SWIFT bank wires. Each transfer has a UETR that can be tracked.
How do I get the UETR from OFX?
Log into your OFX account online or contact support. They can provide the SWIFT MT103 reference and UETR for any transfer.
Why is OFX good for large amounts?
Lower FX margin on amounts >£10,000 (often 0.4-0.7% vs banks at 3-5%). No fixed fee, just FX margin.
How long do OFX transfers take?
1-2 business days typically. Could be longer for exotic corridors or if compliance screening flags the transfer.
Is OFX safe?
Yes — regulated in 7 jurisdictions including ASIC (Australia), FCA (UK), FinCEN (US), MAS (Singapore). Public ASX-listed company.
Can I cancel an OFX transfer?
Only if still in pre-release status. Once sent via SWIFT, recall depends on whether the receiving bank has credited.
OFX vs Wise for £50,000 transfer?
For large amounts, OFX's FX margin is often better than Wise's percentage fee. Get quotes from both and compare total amount received.
Does OFX offer forward contracts?
Yes — businesses can lock in FX rates up to 12 months ahead. Useful for managing FX risk on planned future payments.
What's the minimum OFX transfer?
£250 / $250 typically; below that, dedicated app remittance services (Wise / Remitly) are usually cheaper.
Is Ohmyfin OFX tracking free?
Yes — completely free for individuals — 10 free trackings/day per IP, no signup, no card required.
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