OFX review
Updated October 13, 2026 · SumCue Editorial Team
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Our verdict
For businesses handling payments across borders, OFX offers a single platform for global payments, corporate cards, spend management and currency solutions. It suits teams that want central control, clear visibility and automated approvals instead of juggling separate accounts in one streamlined place.
Key facts
- Best for
- Businesses managing global payments and team spending
- Deposit protection
- FSCS up to GBP 85,000↗
- Legal entity
- USForex Inc. d/b/a OFX↗
- Headquarters
- United States↗
- Support channels
- Phone, Email, Help-centre↗
- Official website
- ofx.com
Facts checked September 26, 2026, 4 sources
Apps and profiles
- Get the app
- App Store
Pros and cons
Pros
- Single account brings payments, cards, spend management and currency tools together
- Corporate cards support spending in more than thirty currencies with receipt capture
- Tailored approval workflows help separate duties and control payment access
- Platform serves tens of thousands of businesses with central visibility
Cons
- Focused on business use rather than everyday personal money management
- Centralised system may feel heavy for very small teams with simple needs
Who it suits
- Businesses paying suppliers across borders
- Finance teams managing cards and approvals
Who should look elsewhere
- Households seeking personal savings accounts
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 provide for businesses?+
OFX provides global payments, corporate cards, spend management and currency solutions through one streamlined account. It also supports automation for accounts payable and bills. The aim is to reduce juggling separate accounts and sign ins.
How do the card and spending controls work?+
Teams can issue physical and virtual cards and set controls before spending happens. Activity stays visible in one place with automated receipt capture. Managers can oversee team budgets with greater transparency across more than thirty currencies.
How do approval workflows help finance teams?+
The platform allows tailored approval workflows for bills and payments. Duties can be separated so approvals and account access follow clear rules. This structure helps finance teams streamline processes and keep responsibility clearly defined.
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-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/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”
Compiled from 4 source pages, checked October 13, 2026. We did not open an account.
Not confirmed yet: Headline rate, Rate type, Term, Minimum deposit.