Good rates but avoid ACH (SLOW)
I use OFX for USD to AUD transfers. They have the best rates out of the competitors (wise/ xe). However, DO NOT use the ACH transfer option unless you want it to take 5+ days. I have an outstanding transfer from ACH that is now over 7 days (sent 31 Aug), and still hasn't arrived (07 Sept). Two transfers I did since then with bank transfer option both arrived within 48 hours of requesting the trade. So, good rates but avoid ACH.
Reply from OFX
Hi Kym, thank you for your feedback. We appreciate you taking the time to share your experience. Based on payment option you have chosen the time frame is (4-5 business days, unfortunately this does not include any public holidays). OFX operates within the banking system, so we’re unable to process any payments during national holidays. We apologize if this delay has caused any inconvenience for you. We’re here 24/7 to help with your future transfer needs.
-OFXpert, Sophie