Last updated: July 2023
TRANSFERRING FUNDS
Sending money overseas to pay for visa or relocation costs can be expensive if you’re using the major banks. Here’s a great alternative.
Transferring funds from overseas
It’s in everyone’s interests that an international currency transfer is quick, safe and inexpensive.
The sooner we receive your funds, the sooner we can start work on your case.
You may already have an established account with a Forex currency provider.
If you don’t, Emergico would like to introduce you to a trusted Currency Exchange service called OFX
Emergico is a referral partner to OFX. We have partnered with OFX as we find them to be very reliable and cost effective for our clients.
Here’s why OFX is our recommended provider
- No receiving fees in most countries;
- Extremely competitive foreign exchange rates;
- Online access 24 hours, 7 days a week;
- Phone service available 24 hours on business days;
- Complete exchange rate transparency;
- No transaction fees for amounts over A$10,000;
- Risk management tools through Limit Orders and Forward Exchange Contracts;
- Exchange rate alerts via email.
As an Emergico client, you will receive your first two transactions free! Click here to set up your account.
What you need to know
OFX is an Australian based, independent, reputable foreign exchange provider.
OFX provides a very competitive alternative to a bank transfer, as the transfer is quicker, cheaper, and has a more favourable exchange rate, meaning you save money.
Using the OFX platform, you can easily transfer funds from your own bank account, into a third-party bank account.
Transfers to and from the following countries are serviced by OFX:
| United States | Australia | United Kingdom | Canada |
| Europe | India | China | New Zealand |
| Hong Kong | Singapore | Japan | Germany |
| France | Taiwan | Denmark | Saudi Arabia |
Other countries, which are higher risk, may require the use of an alternative currency provider.
It is very easy to set up an account with OFX online or over the phone.
You can use OFX to transfer visa professional fees, and lodgment charges, to Emergico, during your application.
Later, if you are happy with the service, you may choose to use OFX to transfer funds across to Australia for other purposes, such as relocation expenses, house or car purchases.
Emergico, as a referral partner, may receive a small commission from OFX when a transfer is made. Any commission received is used to partially offset the additional costs we incur when dealing in multiple currencies.
Emergico’s transfer details
Whichever method you use to transfer your funds to Emergico, you will need the following details from us, in order to make the transfer.
When sending funds to pay for your visa, you are transferring funds into our Client’s Account, where they will be held in trust for you, until the work is completed and invoiced, as per the MARA Code of Conduct.
| Bank Details | |
|---|---|
| Bank Name: | Macquarie Bank Limited |
| BSB: | 184 446 |
| Account Number: | 303778500 |
| Account Name: | Emergico Pty Ltd Client's Account |
| SWIFT Code: | MACQAU2S |
| Bank Branch Name: | Macquarie Bank, MBL BRISBANE |
| Bank Address: | Level 8, 825 Ann Street, Fortitude Valley, QLD 4006 |
| Bank City/Suburb: | Brisbane |
| Bank State/Province: | Queensland |
| Bank Postcode: | 4006 |
| Beneficiary Address | |
|---|---|
| Beneficiary Name: | Emergico Pty Ltd |
| Beneficiary Type: | Limited Company |
| Beneficiary Address: | 38 Lamont Road |
| Beneficiary Suburb/Town: | Wilston |
| Beneficiary State: | Queensland |
| Beneficiary Country: | Australia |
| Beneficiary Postcode: | 4051 |
NOTE: In Australia, IBANs are not used. However, payers in certain countries may require you to provide one. If so, the BSB and account number should be combined, with no spaces or hyphens. For Emergico, this would be: 184446303778500
If you encounter any problems when transferring funds, please contact our Administration Manager, Debbie Percival, on +61738610726 during business hours, or email debbie@emergico.com
