SendFX employs high-level security systems on their transfers to help protect customers and their money.
Additionally, SendFX abides by Australian regulations concerning financial services and international money transfers.
SendFX does have a minimum amount required to transfer, but no maximum limit. Depending on the amount and the location of the accounts involved, however, there may be tax implications and costs to consider.
SendFX accepts electronic bank transfers, not physical cash or cryptocurrencies.
You do not have to pay any fees to SendFX, though you may be required to pay fees and charges to a third party (e.g. banks that receive your funds). This depends on where you have sent the money and how much money is being transferred.
SendFX makes their money from the difference between the market exchange rate (the real exchange rate between two currencies) and the trade price provided (what customers using SendFX will be able to use). SendFX ‘buys’ an exchange rate from a trading wholesaler, and then uses that to calculate their own rate. As exchange rates and currencies are always in flux, their profit margin will be unique to each transfer.
Customers transferring money with SendFX have a few options available to them:
Typically, an international money transfer with SendFX takes 24 hours to complete once they have received the money. Depending on where the money is being sent and when, there may be delays (such as holidays or weekends when banks may be closed).
If you establish a regular payment, you have the option of cancelling it by providing at least three days’ notice. If you wish to reverse or cancel another type of transfer, you will need to contact SendFX’s support team to resolve the matter. It’s recommended you contact them as soon as possible.