Transferring money with Hudson’s Bay Financial Services and OFX is quick, easy and affordable — with no fees on transactions over $10,000. With our simplified approach to transferring money, you’ll only pay a $15 flat fee on transactions under $10,000 — much lower than what banks charge.
Banks charge customers a number of fees to transfer money: for example, a set transfer fee of up to $30, plus a fee to expedite the transfer and an additional fee of up to 5% on the daily exchange rate. In comparison with our no-fee $10,000 transfer, a bank could charge as much as $500 in fees.1
Unlike with other money transfer services, you’ll never have to pay a monthly fee to keep the account active and there are no costs associated with registering. Additionally, you can transfer money at any time, from the comfort of your own home, and transfers to most countries only take one to two business days.
It’s quick and easy to set up an account and transfer money with OFX. Simply register online by providing basic contact information, choose how much money to transfer — and to where — and lock in your transfer rate. With Hudson’s Bay Financial Services and OFX, you can make bill payments, electronic transfers from a bank account or apply to set up direct debit.
Hudson’s Bay Financial Services has teamed up with OFX to help you transfer money quickly, securely and affordably. OFX is a leading global currency exchange service that combines a streamlined digital experience with expert personalized service. There are no transfer fees on transactions over $10,000 CAD, and you can earn up to 5,000 Hudson’s Bay Rewards points on transactions over $21,000 CAD.2
1 OFX. “How to transfer money overseas without fees.” Retrieved November 10, 2018, from https://www.ofx.com/en-au/blog/how-to-transfer-money-overseas-without-fees/.
2 Earn 2,000 Hudson’s Bay Rewards points on currency transactions of $2,000 to $9,999 CAD, 3,000 Rewards points on currency transactions of $10,000 to $15,999 CAD, 4,000 Rewards points on currency transactions of $16,000 to $20,999 CAD and 5,000 Rewards points on currency transactions of $21,000 CAD or more.
Foreign exchange services are provided, and money transfers are arranged for, by OFX Limited. OFX is registered with FINTRAC (registration number M08560392).
This page is also available in: FR