BFX Money Transfer

About BFX Money Transfer

BFX Australia sprung into the currency exchange space in 2016, offering international currency transfers to individuals and small business owners. It also has competitive exchange rates, with low fees in over 200 currencies and countries. Find out more on what BFX Australia has to offer below.

BFX Money Transfer Foreign Exchange rates

Rates and fees verified as correct at 10 August, 2020. Other information correct at the time of writing.

With BFX Australia, you can complete a range of different money transfers whether you’re sending to friends and family overseas, or making business transactions, including one-off payments, regular payments and market orders. See below for today’s rates with BFX Australia by entering how much you want to transfer and Mozo’s tool will do the rest.

Currency	At today's BFX Money Transfer Rate, 1 AUD buys*	For 10,000 AUD recipient will get
Australian Dollars (AUD) AUD	AUD 0.0	AUD 0
United States Dollars (USD) USD	USD 0.692	USD 6,920
Euros (EUR) EUR	EUR 0.607	EUR 6,070
Great Britain Pounds (GBP) GBP	GBP 0.55	GBP 5,500
Indonesian Rupiah (IDR) IDR	IDR 9563.1	IDR 95,631,000
New Zealand Dollars (NZD) NZD	NZD 1.03	NZD 10,300
Philippine Peso (PHP) PHP	PHP 34.0	PHP 340,000
Singapore Dollars (SGD) SGD	SGD 0.95	SGD 9,500

Must knows about transferring money with BFX Money Transfer

Whether you’re wanting to do a one-off money transfer or you run a small business and need to make regular payments to a supplier, there are few things you’ll need to know about BFX Australia:

Delivery times: Like most other international currency transfers, it generally takes 1-2 business days for the funds to hit the account from the time of transfer, though it can take longer for less frequently traded currencies.
Transaction restrictions: While there isn’t any limit on how much you can transfer, BFX has a $250 minimum. But keep in mind, any transfers above $10,000 could require additional documents and verification due to anti-money laundering regulations.
Transparent fee structure: BFX charges a flat $10 service fee for each transaction, but it can be waived with transfers of more than $5,000. They also charge a fee on top of the interbank exchange rate in order to make a profit. But even so, BFX offers super competitive currency conversion rates.

Customer support: After registering your personal details and entering the type of transaction you want to make a BFX consultant will contact you to finish your application and help set up your first transfer. Plus, if you need any help along the way, they’re based in Australia, so it’s easy to get in contact online, over the phone or in branch.

BFX Money Transfer Products and Services

Depending on how quickly you want or need your money transferred to your overseas destination you have several BFX Money Transfer products to choose from.

Your options are:

Why use BFX Money Transfer for IMT?

Now that you’re up to scratch on all that BFX Australia has to offer in international money transfers, here’s a quick recap:

Fast delivery of funds
Transparency - fair exchange rate and no hidden fees
Numerous countries and currencies available
Great customer support
Quick and easy account set up (see below)

How to transfer money with BFX Money Transfer

Fill out an online form about your personal details and provide information on the types of transactions you’re planning to make and their destination. Make sure you have your driver's licence, passport or birth certificate and business owners will need to supply their business details including the registered name and ABN.
Wait for a BFX consultant to get in contact with you to finish your application and set up your first transfer.
Once approved, you’ll gain access to your account where you can send money online on their website, through their app or give them a call.

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*The exchange rates offered by each provider are indicative exchange rates that have either been supplied by each provider or gathered by Mozo. Exchange rates fluctuate constantly and as a consequence the exchange rates listed here may vary to the actual exchange rate you are quoted by a provider. Please ensure you confirm the actual exchange rate with the relevant provider prior to conducting any transaction. These exchange rates are updated every hour.