1st Quarter 2018 Benefits Corner


By Lezley Barth


Lezley Barth Captioned

Sending Money Overseas?  OFX Offers Stress-Free Global Money Transfers

 OFX is a publicly traded company with offices in San Francisco, California, USA; Toronto, Canada; Auckland, New Zealand; London, UK; Hong Kong and Sydney, Australia (headquarters). 

With 300,000 individuals and corporate customers around the world and over $120 billion transferred to date, OFX is the trusted specialist when it comes to global money transfers. OFX alleviates the stress often experienced with international wires and global money transfers through its better-than-bank exchange rates, speed and security, 24/7 customer service, and ability to transfer between 55 different currencies.

 Because of this expertise, Chevron UK Pensioners Association chose to partner with OFX to secure preferred exchange rates over those of banking institutions and assist its retirees with faster, easier repatriation of pensions back to their native currency.  



OFX Rate/Fees

Bank Rate/Fees

Currency Exchange Rates


3% to 5%

Origination Fee*

Wire Fee

Intermediary Fee (If Intermediary Bank is Used), Receiving Fee






Approx. $60

* Occasionally, third-party banks may deduct a fee from the transfer before paying your recipient. This fee may vary and OFX receives no portion of it.


$$$ Savings $$$ 

OFX offers significant savings ranging from 2.5% to as much as 4.5%. Imagine the savings you could realize on the purchase of a retirement home, ongoing pension transfer, or transfer of the lump sum from your pension plan!



 Savings Opportunity Offered to U.S. Chevron Retirees Association (CRA) Membership

This same savings opportunity and benefits enjoyed by Chevron UK Pensioners is offered to our U.S. Chevron Retirees Association membership (retirees, dependents, and survivors) for global money transfers.  CRA members do not need to be located in the U.S.—those residing around the globe can also use this service. 

Transactions can involve ongoing monthly pensions, annuities, quarterly dividends, interest payments (each greater than $150 USD equivalent), or a one-time lump sum.

 OFX accepts bank transfers, ACH direct debit, debit card in the UK, and BPay in Australia (no cash, credit card, checks or cashier's checks).

 OFX can be used for a variety of reasons that involve currency exchange including:

  • Purchasing a new home abroad,
  • Buying a car for an offshore location,
  • Providing relocation expenses, 
  • Managing investments and savings while away,
  • Sending money home for family support,
  • Gifting to a family member overseas, and
  • Supporting the family or student studying in a foreign country.

    CRA members (retirees and dependents) using OFX services will receive the following benefits: 

  • Preferential exchange rates for CRA members,
  • No originating transfer fees for Chevron retirees,
  • Online and phone availability: 24 hours a day, 7 days a week,
  • A dedicated account manager,
  • Access to 55 currencies.  For a current list of supported currencies, go to the following OFX website here
  • Global regulation and bank-level security, and
  • Quick, stress-free monetary exchanges/transfers, typically 24 to 48 hours from receipt of your funds.

Those interested in OFX services can learn more and register through the following special link:

An account manager will contact you to finalize your account and walk you through the process.

If you have any questions, please don’t hesitate to reach out to the partnership director at OFX, Ben Winterroth (ben.winterroth@ofx.com).  He would be happy to discuss your currency needs and the benefit OFX is offering to CRA members.  


Lezley Barth, Benefits Chair:
Phone: 816-506-0026
Email: lezleykbarth@gmail.com