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.
RATE COMPARISON
| | OFX Rate/Fees | Bank Rate/Fees |
| Currency Exchange Rates | .5% | 3% to 5% |
| Origination Fee* Wire Fee Intermediary Fee (If Intermediary Bank is Used), Receiving Fee | None* None None None | 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:
Those interested in OFX services can learn more and register through the following special link:
https://www.ofx.com/cra/?pid=4852
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.