Transfers

Spot Transfers

A spot transfer is a simple, fast and cost effective way to make an international money transfer. It allows you to benefit from competitive rates at any time.

Here’s how it works:

Let’s say you need to send some currency overseas and you think the market rate is good where it is right now. You can lock in that rate immediately and agree to exchange your currency for another within two days. The rate you lock in is called the spot rate.  The date that you perform the transfer is called the spot date.

Forward Contracts

If you need to transfer money on a set date in the future, a forward foreign exchange contract can lock in today’s rate, for payment at a later date.

Here’s how it works:

  • A forward contract locks in your rate in advance
  • You have between two days and 12 months to settle
  • You do not need to pay the full amount until the delivery date, which is the date you have chosen for settlement
  • Forward contracts protect you from market fluctuations
  • The rate at which you send or receive currencies is called the forward foreign exchange rate
  • Minimum amount for a forward contract is $30,000

Limit Orders

Because you can’t monitor the market 24 hours a day, you can sometimes miss out on the best rates. Placing a limit order with MoneyGram means you can instruct us to act for you if your target rate is triggered – even if you are asleep!

Here’s how it works:

  • You can place your limit order with us at virtually any time, we are available 24 hours a day Monday – Friday to speak with you and take your order
  • When your desired rate is triggered we will contact you to let you know
  • Limit orders are valid for anywhere between now to 6 months
  • Minimum amount for a limit order is $30,000
  • Once an order is triggered,  it is binding

When you place your order, you will need to tell one of our experienced online dealers:

  • The currency in which you wish to send and receive money 
  • How much money you want to purchase
  • The rate at which to place your limit order
  • How much time the order is valid for

Regular Payments*

Most of us have regular payments that roll in every month, remembering to pay them on time is a hassle, and when you also need to exchange currencies it can become expensive too. That’s why we offer our regular payments service to help our clients stay in control of their finances.

Here’s how it works:

Register with MoneyGram and one of our highly trained customer service operators can set up a payment plan to suit your needs. Our payment plans can help you manage:

  • Mortgage payments
  • Household bills
  • Family Support
  • School fees
  • Rental payments
  • Savings repatriation
  • Foreign salary transfers
  • Debt repayments
  • Pension payments

We offer two regular payments services:

Fixed regular payments

This service is ideal for payments that are fixed and do not change every month. We lock in your exchange rate up front; this removes the risk of losing money from exchange rate fluctuations. You can use this service for payments such as school fees and mortgage repayments that are fixed.

Non Fixed Payments: 

This service is ideal for payments that are not fixed and vary from month to month. Our non-fixed plans do not lock in the exchange rate up front and provide flexibility for payments that vary such as bills, online purchases or sending money home or abroad.

Register now for a safe and easy way to make your international money transfers.

Contact us - our customer service team are available 24 hours a day Monday – Friday.

The MoneyGram Money Transfer service is provided by OFX

Customer Rates


Rate: 0.7364
=
Rate: 1.3580
=
* excludes transfer fees Go

It's easy


Register now for a free account
Get a quote for our competitive rates and confirm the transfer (min $250)
Send the funds to us and we'll transfer to your friends and family

Get started now

Here’s how it works



MoneyGram Australia          

Disclaimer - The MoneyGram Money Transfer service is provided in Australia by OzForex Limited (ABN: 65 092-375-703) (trading as "OFX").

IMPORTANT: This information has been prepared for distribution over the internet and without taking into account the investment objectives, financial situation and particular needs of any particular person. OFX makes no recommendations as to the merits of any financial product referred to in this website, emails or its related websites. Please read our Product Disclosure Statement and our Financial Services Guide.

DISCLAIMER: Where information is provided on this website, it has been prepared by OFX without considering the investment objectives, financial situation and particular needs of any person. Before acting on any general advice on this website, you should consider its appropriateness to your circumstances.
This website contains information obtained from sources believed to be reliable and has been prepared in good faith and with all reasonable care. OFX makes no warranty, express or implied, concerning the suitability, completeness, quality or exactness of the information and models provided in this website.
Neither OFX, its related entities, nor MoneyGram Payment Systems, Inc.(“MoneyGram”), and its related entities, nor any of OFX's providers of information, have any liability to the user, or any other third party, for the accuracy of the information or models contained in this website, or for any errors or omissions therein, nor will OFX or any of its providers of information have any liability for the use, interpretation or implementation of the information or models contained herein by any person.
OFX will pay MoneyGram a referral fee, and MoneyGram’s representatives may receive commission in relation to transfers you conduct using the MoneyGram Money Transfer service.
OFX is regulated in Australia by ASIC (AFS Licence number 226 484) © 2015 OzForex Limited ABN 65 092-375-703