The TorFX Regular Overseas Payments service is a highly cost effective and simple way to send money abroad on a regular basis. The service is available for regular transfers of between £250 and £10,000 per month over a minimum period of 6 months.
TorFX can offer you a highly competitive exchange rate on your transfers, and we charge 0% commission, saving you an average of 3% over the rates offered by high street banks. In addition, transfers are free of charge, compared to a typical charge of £30 for most banks. Once you set up the plan, you don't need to do anything, the payments will be made automatically.
Apply for our Regular Overseas Payments Plan
| |
Commission |
Transfer Fee |
Total Per Year |
| |
Monthly |
Annual |
Monthly |
Annual |
|
| TorFX |
£0 |
£0 |
£0 |
£0 |
£0 |
| Bank |
£30 |
£360 |
£30 |
£360 |
£720 |
SAVING OVER 12 MONTHS = £720 |
*Based on a monthly transfer of £1,000 |
Apply for our Regular Overseas Payments Plan
Option 1 - Fixed Rate Regular Payments
If you require a specific amount of currency each month, (payment of a mortgage for example) you can fix the exchange rate on Euros or US Dollars for up to 12 months. At the end of this period, you can review, and fix your rate for a further 12 months. This means you know exactly how much currency will reach your account each month, avoiding the risk of fluctuating exchange rates.
Apply for our Regular Overseas Payments Plan
Option 2- Non Fixed Regular Payments
This option allows you to take the prevailing exchange rate each month, resulting in a varied amount of currency reaching your account. If you feel the current rate is very low, and likely to improve, this may be the option for you.
Whichever option you decide to use for your payments, TorFX will ensure that you receive an excellent rate of exchange, and your currency will reach your account on your chosen date each month.
Apply for our Regular Overseas Payments Plan
  
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