OFX is known for its no transfer fee structure, being the cheapest way to send money to Hong Kong. This leads to substantial savings, particularly on larger sums.
Important Note: To be transparent about the total cost, remember that while the fee is zero, OFX incorporates a small exchange rate margin above the mid-market rate. This margin is the primary source of their revenue and should be considered part of the overall transfer expense.
Like all reputable money exchanges, we are registered with AUSTRAC and regulated by the Australian Securities and Investment Commission (ASIC).
S Money complies with the relevant laws pertaining to privacy, anti-money laundering and counter-terrorism finance. This means you are required to provide I.D. when you place an order. It also means the order must be paid for by the same person ordering the currency and you must show your identification again when receiving your order.
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