TorFX provide an international money transfer platform providing services for over 30 currencies for personal and business use. TorFX is a very competitive provider, offering a best price guarantee, so if you find a cheaper rate elsewhere, they’ll beat it.
TorFx’s services cater for a number of financial transfer requirements to suit your personal or business needs. Whether its sending personal money to an overseas account, or wiring your international business suppliers money. Below are some of the options available to TorFx customers.
Immediate money transfers
If you require an international money transfer to an overseas account, you can quickly ascertain whether you are getting the best exchange rate with ForFx. They’ll beat your alternative offer to retain you as a preferred customer.
Regular payments
If you see yourself making regular monthly payments between $1000 and $20,000, TorFx can offer you a commercial rate on your payments, at an average of around 3% over the rates offered by the major banks.
Overseas Investment & Emigrating
If you are planning a new life chapter overseas, whether that being for a business investment or a property investment, TorFx lets you fix the rate you’ll get up to 24 months in advance. Getting a good exchange rate when transferring large sums of money is very important, so when the time comes to making that all important transfer, you’ll know exactly how much your purchase will be.
KEY INFORMATION
Transfer Limits
The minimum amount you can transfer with TorFx is $200. You can transfer up to $25,000 online.
Transfer Time
It typically takes between 24-48 hours for your funds to hit your recipients account from the time of transfer, although it can take a little longer for less frequently traded currencies.
Transfer Fees
There is no charge when making an international transfer using TorFx. There are some cases, where the recipient’s bank may charge for the incoming transfer.
MORE INFORMATION ABOUT TorFX Australia
How a transfer can be made:
In order to trade, you must firstly register for a personal or business account by visiting the TorFx website or by calling their customer services. You will be asked to verify your identity by providing some basic forms of I.D.
The process is very simple, once you have selected to transfer your money, your designated Account Manager will confirm the current trading price and will then execute on the agreed rate. For transfers below $25,000, you can trade online. For amounts above this threshold, you will need to trade over the phone. Once the trade is finalised, you will receive a ‘Contact Note’ depending on the type of contract selected and the associated currencies. You will then be required to pay TorFX in the sale currency, via bank transfer or debit card and your purchased currency will be sent straight to your nominated account. The converted amount is usually processed and with the recipients account within 1 or 2 business days. For GBP, EUR and USD same day processing is available.
PROS
- Best rate guaranteed.
- You don't pay any fees to TorFx for transferring funds
- Dedicated account manager
- 24/7 service
CONS
- No mobile app
