Corporate FX Transfers Service FAQ
OANDA's Corporate FX Transfers is designed for qualified corporations and financial institutions to manage their foreign exchange business needs. Prospective clients are required to complete OANDA’s onboarding materials and provide supporting documents as needed.
No, transactions need to be for business purposes. OANDA does not currently support transactions for non-business related reasons.
Yes, clients can receive incoming foreign currency transactions in supported currencies.
Clients can execute spot transactions or enter into forward contracts with a maturity of up to 12 months in supported currencies.
Standard delivery is 1-3 business days after your transaction is executed and you receive confirmation. Clearance of funds is required before a transaction can be released. OANDA delivers funds from its accounts in local market to the beneficiary, which helps reduce associated fees and possible delays.
OANDA has a dedicated operations staff whose goal is to support your transaction needs. Clients receive dedicated phone and email contacts.
There are no enrollment or monthly fees associated with our service – it’s free to sign up! Rates are clearly displayed on the platform for your consideration prior to executing a transaction. Please note that your local bank may charge for fees for sending funds from your account.
Yes, OANDA can provide an API to connect actionable price feeds directly to your ERP. Please contact us to know what currencies are available.
The data feed API is a one-way API that does not provide rates which can be transacted upon. In order to transact we must provide a separate API.