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TorFX international money transfers

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TorFX at a glance About TorFX How TorFX works Frequently asked questions Compare international money transfers today

About TorFX

Since opening their Australian branch in Australia in 2014, TorFX has prided itself on providing customers with competitive exchange rates, exceptional expert guidance and a service that individuals would use again and recommend to others.

They transfer over 40 currencies to more than 120 countries globally. Whether you need to send money to a mate in New York or transfer a larger sum to purchase property overseas, they’ve got you covered.

TorFX has offices here in Australia, but as part of a group with over 20 global offices, they’re also based in the United Kingdom, Europe, the United States, Singapore and South Africa. The group collectively processes more than $10 billion in money transfers annually.

Given the above, it’s no wonder TorFX have been acknowledged for the services they provide customers and have won numerous awards as a currency provider. Some of the ways TorFX helps customers is by:

  • Offering money transfer options to over 120 countries around the world
  • Helping customers when purchasing property abroad
  • Assisting customers who are emigrating or moving overseas with various services.

How do TorFX international money transfers work?

Sending funds via international money transfer with TorFX is a quick and easy process and there are only a few quick steps to follow:

  1. Create an account with TorFX. This can be done easily and within minutes online or over the phone.
  2. Take note of your currency and the currency you’re exchanging to before deciding how much you want to transfer, where the currency is being sent and when you want to send it.
  3. Once you’ve sent the funds, TorFX takes care of everything else and arranges the money transfer.

Read our handy guide on the ins and outs of international money transfers if you wish to learn more about sending money overseas.

Information correct as of July 2020. Terms and conditions apply. Read the Product Disclosure Statement (PDS) for details when considering sending money overseas.

Frequently asked questions

A TorFX forward contract is a service that helps to protect your currency transfers from exchange rate fluctuations. They allow you to fix an exchange rate up to two years ahead of making a money transfer. While forward contracts can protect you from negative market movements, you would miss out if the exchange rate strengthened.

TorFX has several procedures in place to ensure the safety of funds. They hold an Australian Financial Services Licence (AFSL) and are regulated by the Australian Transaction Reports and Analysis Centre (AUSTRAC). The company has an in-house compliance team and adheres to stringent procedures.

There’s no currency transfer limit if you’re arranging a transfer over the phone with TorFX. This means you could transfer $100 or $1 million. If you are transferring funds online, you will be subject to a maximum limit of $50,000.

The easiest way to pay for money transfers with TorFX is via bank transfer. For this option, you need to give TorFX’s account details to your bank. You can also pay for a transfer with a GBP or EUR debit card or by using funds in your digital currency wallet. You can also transfer money to TorFX’s client account online through the company’s 24/7 portal, by email or over the telephone.

TorFX aims to complete money transfers as quickly as possible. Transfers usually take between one and two business days, but it can take longer for some currencies.

TorFX believes connecting currency should be free, so they don’t charge fees outside of the exchange rate they quote. This means you can avoid additional costs like transfer fees and typically secure a competitive exchange rate.

With TorFX, you can make both personal and business international money transfers. TorFX helps personal customers move money abroad when emigrating, buying foreign property, retiring abroad or studying internationally.

They help corporate customers who need to cover import/export costs, pay a foreign payroll or invest overseas.

With TorFX, you can make one-off or regular transfers and use services like rate alerts, forward contracts, limit orders and stop loss orders.

Compare international money transfers today

When transferring money overseas, it’s important to look around and compare both fees and exchange rates to ensure you’re getting a good deal. You can compare TorFX with some leading providers for free using our international money transfer comparison service. Our service is easy to use, and in a few seconds, you could find a great deal on your next transfer.

It pays to compare, so what are you waiting for?