Australian METS companies are renowned for their innovative thinking and sophisticated technologies around the world, with over 70% being exporters. Due to the global nature of the mining industry and the trade that our METS partake in, it is important that foreign exchange costs are kept to a minimum, to protect the bottom line and support growth. For this reason, Austmine have entered into an official partnership with OFX.
OFX’s service is secure, simple to use and provides businesses of all sizes with significant cost savings on their international payments in 55 currencies. The major banks traditionally take a wide margin, sometimes up to 5% on the daily exchange rate, but OFX leverage a network of 115 bank accounts worldwide to keep rates as low as possible.
Their ‘global by local’ transfer process means 80% of all major currency transfers are processed within 24 hours on receipt of funds. You’ll also get 24/7 customer service and online access to track your funds any time, and a dedicated dealer to help you build a currency strategy that mitigates volatility.
Learn more about OFX or enquire at www.ofx.com/Austmine to speak to a specialist.