Services

Foreign currency exchange

OBX offers secure and fast exchange services between major international currencies for personal and business customers, including: Chinese Yuan, Canadian Dollars, US Dollars, Hong Kong Dollars, Japanese Yen, New Zealand Dollars, Australian Dollars, Euros, British Pounds, Singapore Dollars, and more. Our exchange rates are automatically updated every second, 24 hours a day, providing you with the best exchange rates and commission-free offers.

International payments

OBX offers international remittance services for personal and corporate clients, securely and quickly sending funds worldwide. OBX has extensive business connections with large financial institutions and banks and engages in selective transactions. OBX does not charge any transaction fees, providing clients with honest, professional, high-quality, and efficient currency exchange, as well as a one-stop service for secure, reliable, and low-cost international remittances.

Sign now

Frequently Asked Questions

OBX can offer you the most competitive exchange rates, minimising your costs to the greatest extent possible. We do not charge any handling fees, are not subject to domestic foreign exchange remittance restrictions, offer flexible transaction models, with fast arrival times, and your funds are secure.

OBX is a legally operating company approved by the Australian government and is formally registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC). Your transactions and funds with OBX are regulated and protected by Australian law and AUSTRAC. We are committed to and strictly adhere to personal information laws to ensure the security of customer personal information. In accordance with Australia’s Anti-Money Laundering and Counter-Terrorism Financing Act, OBX will, when necessary, request customers to provide proof of the source of funds to ensure the legality of exchange funds.

Personal account opening:
1. Provide two forms of identification for the remitter (choose any two from the following four: ID card, passport, Australian driver's licence, Australian Photo ID).
2. Proof of current address (utility bill or household registration book cover page and your details)

Company account opening:
ABN/ACN Registration Certificate
2. Company Director documents

After selecting OBX for multi-currency settlements, clients with extensive experience in international trade, with the support of the OBX professional team, have effectively and significantly reduced issues such as delayed remittances or even refunds due to insufficient funds, which were caused by a lack of experience. Furthermore, by completing precise settlements through OBX's offshore RMB and other services, they have greatly reduced transfer costs from intermediary banks, achieved high-speed turnover of their capital, and shortened trade cycles. Compared to before choosing OBX, clients have completed more trade activities with the same cash flow.

If your payee has not received the OBX payment in a timely manner, please contact us as soon as possible with your remittance agreement. OBX will investigate the reason for the non-receipt and resolve the issue as quickly as possible.

Yes, we can meet at the office, communicate by phone, and use online communication. Typically, after a client establishes contact with us, a phone call or a message is sufficient when making a remittance.

Exchange rate quotations are subject to the real-time updated rates on this official website.

Our exchange rates are generally 1%to 2%higher than the Bank of China, which includes our operating costs. Even so, OBX's exchange rates can still guarantee the best rates in Australia. Please obtain the latest exchange rate from our customer representative on the day of the exchange and lock it in. If the transaction is completed within the agreed timeframe, customers can enjoy the locked-in preferential exchange rate.

When customers request to lock in a price, they generally need to pay a deposit of 10%, with the remaining amount payable the next day. Please note: exchange rates fluctuate in real-time, and once a lock-in is confirmed, no changes can be made to the transaction. Please consider carefully to avoid losses due to exchange rate differences.

All foreign exchange transactions have no amount limit; you can use our high-quality service for small currency exchanges and large transactions alike.

We can also carry out Chinese Yuan exchange business for other currencies, including major currencies such as US Dollar, Hong Kong Dollar, New Zealand Dollar, Canadian Dollar, Euro, Japanese Yen, Singapore Dollar, British Pound, etc.

In this situation, the client's funds will not be at any risk. Unless the incorrect account provided by the client happens to match someone else's account, the remitted funds will only be returned to the client within 3-5 working days. We will contact the client as soon as possible to deposit the returned funds into the correct account without delay. We would also like to remind all clients to verify their information carefully when submitting it to avoid unnecessary losses.

A Chinese entrepreneur client, having completed the initial business immigration application procedures, faced specific matters such as starting a new business, purchasing property, and their children's education in the immigration country, and needed to invest a significant amount of capital to meet the business immigration requirements. The client chose OBX's offshore CNY and multi-region, multi-currency global foreign exchange services to achieve the objective of consolidating assets in the immigration country within the specified timeframe. During this process, OBX not only saved the client considerable foreign exchange costs for remittances and simplified the remittance procedures, but also provided insights into foreign exchange market volatility and organised all transaction contracts and related legal documents required for immigration. This avoided the client's concerns about communication breakdowns and incomplete legal documentation that often arise when using other remittance channels, thereby assisting the client in successfully passing the final immigration approval and enabling the entire family to settle abroad happily.

International students will face currency exchange issues upon arriving abroad. We understand that most of the study abroad expenses are from parents' hard-earned savings. For many years, OBX has been dedicated to assisting overseas student families by providing convenient, fast, safe, and reliable currency exchange and remittance services for RMB and various other currencies, ensuring tuition fees and living expenses arrive on time.