PorchLight is proud to partner with OFX to assist our international transferees with global money transfer and payments.
When you relocate across borders, the ability to transfer money and make global payments is critically important. Whether paying pre-arrival deposits, transferring money for large purchases, the question is how to manage these needs in the most efficient and cost-effective way possible. If you fail to research foreign exchange rates, as well as the fees associated with converting your currency, you could end up spending thousands just to send your money abroad.
The benefits can extend beyond your relocation. If you are supporting family back home, making investments overseas or exercising equity compensation, utilizing an online transfer service like OFX can save you significant time and money.
If you are planning for large purchases and are worried about exchange rates shifting, you can use the OFX forward exchange contract. You’ll be able to lock in a rate and book transfers between two days and 12 months from today. In this way, there’s no need to worry about exchange rate movements.
If you want to plan ahead and maximize your exchange rate, you can use OFX to set a target rate for up to six months with the Limit Orders option. Set your rate 24 hours a day, 5 days a week so you can rest assured you won’t miss out on the rate if it’s reached overnight or while you’re busy. Transfers will be completed automatically once the target rate is triggered, making your foreign exchange transfer when the rate is right.
Moving money internationally can cause headaches, but with the right transfer service, you can make the most of your global money transfer needs and ensure your relocation is a success.
to learn more details about the program.
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