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Updated September 29, 2026 · VaultCue Editorial Team

Finom vs TorFX

Finom scores 8.9 and TorFX 8.9 out of 10. Compare their differences and shared features below.
Finom

Finom

Higher score in this comparison

8.9/10
Visit
TorFX

TorFX

8.9/10
Visit

Where Finom and TorFX differ

Finom vs TorFX
CompareFinomFinomReviewVisitVisitTorFXTorFXReviewVisitVisit
Rate typeFixedVariable
Deposit protectionEU DGS up to EUR 100,000FSCS up to GBP 85,000
Access termsInstant access, withdraw at any time with no withdrawal penalties24/7 transfers online, in the app or by phone with a personal account manager; funds held in segregated accounts
Monthly fee€0£0
Headline rate5%Not confirmed
Minimum deposit€0Not confirmed

Same on both: Account kind (Cash management).

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Key differences

  • Founded is lower at TorFX: 2004 vs 2019.
  • TorFX is licensed in 2 more countries.
  • Finom is available in 6 more countries.
  • Support channels: only Finom offers Chat, Help centre, Community.
  • Support channels: only TorFX offers Phone.
  • Pricing model: only Finom offers Fixed rate.

Our verdict on each

Finom

Finom suits freelancers and small businesses that want a euro cash account with a set rate and instant access. A minimum deposit of €0 and local IBAN details make it easy to open, though the fixed rate will not follow the market and support runs on email, chat and help centre only.

Read the full Finom review

TorFX

TorFX suits anyone paid in a foreign currency who wants to move money without a monthly charge. Costs sit at the free end of the market, with a monthly fee of £0, No transfer fees on transfers and from 40 currencies to hold and convert.

Read the full TorFX review

Score breakdown

Finom vs TorFX
AreaFinomTorFX
Cost9.3HigherCosts sit at the free end: a monthly fee of €0 and a conversion fee of 1% near the site median of 0.5%.9.1Monthly fee is £0 and transfers carry No transfer fees, both at the free end of the site spread of €449.
Offer9.7HigherA fixed rate of 5% with instant access, ranking 92 of 473 on rate.8.5
Trust8.29.1Higher

Where they rank in our lists

Finom vs TorFX
RankingFinomTorFX
Cash management accounts2 of 458 of 45

Where each is licensed and available

Finom vs TorFX
CountryFinomTorFX
AustraliaNot confirmed
CyprusNot confirmed
NetherlandsNot confirmed
New ZealandNot confirmed
SpainNot confirmed
United KingdomNot confirmed

Available in 1 country for both. Additional countries for Finom: 10. Additional countries for TorFX: 4.

Sources behind this comparison

Finom

  • finom.co: 12 facts, checked September 26, 2026

TorFX

  • torfx.com: 10 facts, checked September 26, 2026

Every fact side by side

Finom vs TorFX
FactFinomTorFX
Pricing modelNo monthly fee, Fixed rateCovers moreNo monthly fee
Legal entityPNL Fintech B.V.Tor Currency Exchange Ltd
HeadquartersNetherlandsUnited Kingdom
Founded20192004Lower
Support channelsEmail, Chat, Help centre, CommunityPhone, Email

Everyday accounts

Finom vs TorFX
FactFinomTorFX
Currency conversion fee1%Not confirmed
Currencies17from 40
AudienceBusiness, FreelancerNot confirmed
FeaturesFree ATMNot confirmed
Local account detailsIBANNot confirmed
Free ATM withdrawals€10,000Not confirmed
Transfer feeFree outgoing SEPA transfers up to EUR 2,500 per month (Solo plan); outgoing international payments 1% (Solo) to 0.20% (Pro)No transfer fees

Money transfer

Finom vs TorFX
FactFinomTorFX
Delivery timeNot confirmedSame day or within 1-2 working days
Payout methodsNot confirmedBank, Cash pickup
Fee to send 1,000Not confirmedA$0

Where each stands against the rest

Finom vs TorFX
FactFinomTorFXMedian
Headline rate5%above the medianNot confirmed3.25%
Minimum deposit€0below the medianNot confirmed€1

Median across 658 listed accounts.

Pros and cons

Finom

Pros

  • The minimum deposit is €0, so an account can be opened without a large opening balance.
  • The transfer fee leaves outgoing SEPA transfers free on the Solo plan within a monthly limit.
  • Local IBAN details sit alongside 17 currencies, so one account can take payments in several currencies.

Cons

  • The interest rate is fixed, so it will not rise with the market while most savings accounts here are variable (79%).
  • The transfer fee for outgoing international payments is higher on the Solo plan than on the Pro plan.
  • Deposit protection is EU DGS up to EUR 100,000, so any balance above that cap sits outside the scheme.

TorFX

Pros

  • The monthly fee is £0 and the account runs on a no monthly fee model, so holding a balance adds no account charge
  • Transfers carry No transfer fees, so the exchange rate is the only charge when money moves between currencies
  • Delivery is Same day or within 1-2 working days, and orders can be placed online, in the app or by phone with a personal account manager

Cons

  • The rate is variable, so any return on held balances follows market moves rather than staying fixed for a term
  • Support runs on phone and email only, with no live chat offered
  • Payouts are limited to bank and cash pickup, so a card or wallet payout is not offered

Who each suits

Finom

Who it suits

  • Freelancers and sole traders who need local IBAN details and can move money the same day it arrives.
  • Small businesses paid in euros by clients abroad who want several currencies in one place.
  • Readers who want a set rate on working money rather than the highest variable rate on the table.

Who should look elsewhere

  • Anyone ranking purely on the headline figure, since Plazo ES lists 24.19% and AXI Card Tarjeta y Credito 21.59%.
  • Variable rate savers, since 79% of the brands in this group pay a variable rate and the Finom rate is fixed.
  • Readers happy with a wallet and a smaller return, since PayPal Colombia lists 3.3%.

TorFX

Who it suits

  • People whose income and spending sit in different currencies and want a single place to hold both sides of the money
  • Businesses and freelancers who move money across borders regularly and would rather call a personal account manager than an app
  • Anyone who needs payouts in a local currency at short notice rather than a return that is locked for a term

Who should look elsewhere

  • AXI Card Tarjeta y Credito, which offers a fixed rate where the TorFX rate is variable
  • Plazo ES, for the same reason: a fixed rate suits anyone who wants the return locked for a term
  • eToro, if a wider protection limit matters more, since balances there sit under EU DGS up to EUR 100,000

Current offers

Finom

Current offer

  • Bonus

    Fixed 5% p.a. on EUR funds for the first 5 months: 5% p.a. fixed for 5 months on up to EUR 200,000

    Interest Account, new EUR funds; promo rate for the first 5 months, then standard rate from 0.5% to 2.25% p.a. depending on plan; up to EUR 200,000 held; market analysis dated March 2026; Aksys client agreement terms apply

    Source, checked September 26, 2026

  • Free trial

    30-day trial on paid plans: 30 days

    Paid Basic and Smart plans, excl. VAT; paid monthly or yearly

    Source, checked September 26, 2026

  • First period offer

    3 months for free for partners customers only: 3 months free

    Customers introduced through the Finom Partner Program

    Source, checked September 26, 2026

Country by country

Finom vs TorFX
CountryFinomTorFX
AustraliaNoYes
AustriaYesNo
BelgiumYesNo
CyprusYesNo
FranceYesNo
GermanyYesNo
IrelandYesNo
ItalyYesNo

8 of 15 countries where either is available.

Questions about each

Finom

What does it cost to keep a Finom account?+

The monthly fee is €0 and the minimum deposit is €0, so there is no cost to holding a balance and no need for a large opening payment. The charge that matters is currency conversion at 1%, plus outgoing international payments, which cost more on the Solo plan than on the Pro plan.

Is my money protected if something goes wrong?+

Balances sit under the EU deposit guarantee scheme, with protection stated as EU DGS up to EUR 100,000. Finom is entered on the Dutch register as R180074 and on the Cypriot register as 456/25, so more than one supervisor is watching the business.

TorFX

What does it cost to hold and move money with TorFX?+

The monthly fee is £0 and the account is listed with a no monthly fee model. Transfers carry No transfer fees, so account charges add little on top of the exchange rate itself. There is no separate subscription to cancel if the service is used only occasionally.

How fast is a transfer, and how do I start one?+

Delivery is Same day or within 1-2 working days, depending on the currency and the payment route. Transfers can be started online, in the app or by phone, and a personal account manager can place the order for you when the amounts involved are larger.

Other options to compare

Other matchups

Finom

Visit

TorFX

Visit