Fee Schedule
This Fee Schedule applies from 1 June 2024.
The following fees and charges apply with respect to Australian Corporate Clients of OzForex Limited who migrated from Paytron on and from 1 June 2024 and new registrations from 6 June 2024 onwards. Excludes Online Sellers, those referred by an Alliance Partner, those that would like to use Forward Contracts.
All references to $ are referring to AUD. Please refer to our PDS and FSG for more information.
1. FX Conversion Services, Payment Services and Collection Services
| Description | Business Basic | Business Plus | Business Configure |
| Authorised User [1] | $0 (up to 3 users) | $15 per user per month | $15 per user per month |
| View only User (unlimited) [2] | $0 | $0 | $0 |
| FX Conversion | |||
| FX Margin introductory offer until 30 Nov 2024 for USD, AUD, CAD, EUR, GBP, HKD, SGD, NZD [3] | 0.45% T&Cs apply | 0.45% T&Cs apply | 0.45% T&Cs apply |
| FX Margin outside of introductory offer for USD, AUD, CAD, EUR, GBP, HKD, SGD, NZD [3] | Up to 0.60% Customised rates may be available for high value transactions | Up to 0.60% Customised rates may be available for high value transactions | Up to 0.60% Customised rates may be available for high value transactions |
| FX Margin for all other currencies | Customised per client | Customised per client | Customised per client |
| Collections | |||
| Global Account Creation Fee | $0 | $0 | $0 |
| Global Account Receiving Funds domestic | $0 | $0 | $0 |
| Global Account Receiving Funds via Wire / SWIFT | $5 | $5 | $5 |
| Payments | |||
| Local Payment Fee (incl. BPAY) | $0 | $0 | $0 |
| SWIFT (SHA) Payment Fee** | $10 per payment | $10 per payment | $10 per payment |
| Other Fees & Charges | |||
| Account Opening Fee | $0 | $0 | $0 |
| Monthly Account Fee | $0 | $0 | $0 |
| Domestic Transactions | 20 transactions included, thereafter $1 / transaction | 200 transactions included, thereafter $1 / transaction | To be advised. |
| API Integration Set Up Fee | n/a | n/a | To be advised. |
[1] Authorised User means a user that you appoint to request Services within your Business Account on your behalf
[2] View Only means the user cannot request Services and is limited to be able to view the Business Account only
[3] Terms and conditions
The introductory 0.45% FX Margin offer is available to new Australian-based business clients who have registered under OzForex Limited from Jun 12 2024 to Nov 30 2024 but have not dealt and enter into foreign exchange transactions for AUD, CAD, EUR, GBP, HKD, NZD, SGD and USD only by this date. These clients are either using: (i) existing services under our OFX Terms and Conditions; or (ii) our new OFX Australia Business Platform under our OFX General Terms and Conditions (Business) save for some exclusions. Namely; that the 0.45.% FX Margin is not available to (a) business clients of OzForex who have dealt; (b) online sellers under our Global Currency Account Terms of service; (c) clients who have been referred to OFX by one of our alliance or enterprise partners; or (d) card transactions under our OFX Card Agreement (Business). OFX offers customised rates for high-value transfers and business clients under our existing services and our new platform. The offer is for a limited time only. OFX reserves the right to withdraw the offer at any time. All transactions are governed by the OFX Terms and Conditions or OFX General Terms and Conditions (Business) which includes information in relation to Margin which is how we make our money. For information regarding these terms and conditions, see the Legal page on our website.
** SHA: Both the client (sender) and beneficiary will pay fees to the sending bank i.e. fees for the outgoing transfer. Beneficiary will receive the amount transferred less the intermediary banks’ fees.
2. OFX Cards
| Employee Card | |||
| Employee Card virtual (include Apple Pay, Samsung Pay, Google Pay) | included | included | included |
| Employee Card physical | $10 one off fee | $10 one off fee | $10 one off fee |
| Subcription Card (unlimited) | $0 per card | $0 per card | $0 per card |
| Expenses | |||
| Expenses | No | Free, included with Employee Cards | Free, included with Employee Cards |
| Automatic FX Conversion [1] of a Cross-Border Transactions | 1.5% | 1.5% | 1.5% |
| Cross Border Transaction Fee | $0 | $0 | $0 |
[1] Where you have insufficient funds in the charged local currency, we will complete an Automatic Conversion from your home base currency to the local currency. If you have sufficient funds in the local charged currency, you will not incur this charge.
3. Funding Global Account
| Description | Business Basic | Business Plus | Business Configure |
| Standard Fee | |||
| Domestic Cards (Visa, Mastercard, and American Express Cards) | 1.4% VISA & MasterCard and 1.95% AMEX (per transaction) | ||
| International Cards | 3.4% (per transaction) | ||