OFX - All required important information of a leading money transfer service provider (2024)

Brief Summary for OFX (USD to PHP)

OFX is a trustworthy worldwide money transfer service that facilitates the exchange of US dollars for Philippine pesos at low, market-based exchange rates. Customer satisfaction is a top priority at OFX, which is why the company uses secure, encrypted transactions. Clients have praised its convenience and safety as payment methods. Since 1998, OFX has provided individuals and businesses with a safe, low-cost, and time-efficient way to exchange currency and send money internationally.

OFX offers several payment methods with best USD to PHP exchange rates. You can either choose to make a card payment, that is, you can use both debit or credit card, or you can choose direct debit or bank ACH. The receiver will get the funds in their bank account, as they do not have any cash pick-up points in Philippines. Irrespective of the payment method, the receiver will get the fund in their bank account in about 4 to 5 business days. You can send up to $9999999. For any transaction up to $4999, a small transfer fee of $5 is applied. However, any amount more than $4999 is not subject to any transaction fee. A noteworthy point is that the card transfer may not have competitive exchange rates compared to its counterparts, and the currency exchange rate may vary depending on the amount being transferred.

Customers who are already registered with OFX and who wish to remit funds to the Philippines can take advantage of special exchange rates when converting US dollars to Philippine pesos.