TorFX AU review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
TorFX is a straightforward currency transfer service for expats, travelers and businesses that want to move money without paying a monthly charge. It charges AUD 0 a month, lists No transfer fees, delivers Same day to 2 working days and is regulated in Australia and New Zealand.
Key facts
- Best for
- Moving money in and out of Australia without a monthly account fee
- Transfer fee
- No transfer fees↗
- Delivery time
- Same day to 2 working days↗
- Payout methods
- Bank, Cash-pickup↗
- Currencies
- from 40↗
- Fee to send 1,000
- A$0↗
- Legal entity
- TorFX Pty Ltd↗
- Headquarters
- Australia↗
- Founded
- 2004↗
- Support channels
- Email, Phone↗
- Official website
- torfx.com.au
Everyday accounts
- Monthly fee
- A$0↗
- Audience
- Expats, Travelers, Business
- Pricing model
- No monthly fee, Low FX fees
- Features
- Joint account
Facts checked September 26, 2026, 2 sources
Apps and profiles
- Get the app
- Google Play
- Elsewhere
- TrustpilotLinkedInfacebook.com
Pros and cons
Pros
- A monthly fee of AUD 0 and No transfer fees leave the everyday account free to hold
- Regulated in Australia by the Australian Securities and Investments Commission (ASIC) and in New Zealand by the Financial Markets Authority (FMA)
- Covers from 40 currencies and pays out to bank and cash pickup
- Delivery runs Same day to 2 working days, so a transfer started early can land the same day
Cons
- Support runs on email and phone only, with no live chat or help centre listed
- The cost sits in the exchange rate rather than a fee, so the markup matters as much as the AUD 0 monthly charge
- Payouts go to bank and cash pickup only, with no card or wallet payout listed
Ready to try TorFX AU?
Scored 9.3 / 10 by VaultCue.
Who it suits
- Expats and travelers who want Same day to 2 working days delivery
- Businesses paying staff or suppliers in the currencies the service covers
- Anyone holding Australian dollars who wants an account with no monthly charge
Who should look elsewhere
- PayPal Colombia, where international transfers carry a percentage charge
- Skrill, where card funded and same currency sends add a percentage
- Paysera, where euro transfers use an allowance before per transfer charges start
How TorFX AU compares
9.3 vs 8.0
9.3 vs 8.5
9.3 vs 8.5
9.3 vs 8.9
9.3 vs 9.1
9.3 vs 8.6
9.3 vs 9.0
9.3 vs 8.9- 9.3 vs 8.9
9.3 vs 8.8
9.3 vs 8.8
9.3 vs 8.4
9.3 vs 8.0
Where TorFX AU is available
- Available
- Australia, New Zealand
- Licence in Australia
- Australian Securities and Investments Commission (ASIC) (246838), checked September 26, 2026
- Licence in New Zealand
- Financial Markets Authority (FMA) (FSP1006222), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
How much does TorFX cost to hold and to send money?+
The everyday account has a monthly fee of AUD 0, and transfer fees come to AUD 0. TorFX describes its model as no monthly fee and low fx, so most of the cost sits in the exchange rate you get rather than in a separate charge.
Which regulators licence TorFX?+
TorFX is regulated in Australia by the Australian Securities and Investments Commission (ASIC) and in New Zealand by the Financial Markets Authority (FMA). The Australian licence number is 246838 and the New Zealand number is FSP1006222.
How many currencies can I hold and send?+
TorFX covers from 40 currencies through the Australian service, against a 5 median across this group of money transfer services. Money moves out to bank and cash pickup, so a recipient can be paid into a bank account or collect in cash, and each transfer is delivered Same day to 2 working days.
How quickly does a transfer arrive?+
Delivery runs Same day to 2 working days for the Australian service, so same day payouts are within reach on shorter transfers. The legal entity behind the service is TorFX Pty Ltd, trading since 2004, and payouts can go to bank and cash pickup.
Who does TorFX suit?+
TorFX lists expats, travelers and business as its audience, so expats, travelers and businesses are the core users. It is built for Australian dollar customers rather than people who need a wide retail banking account.
Where is TorFX based and which markets does it cover?+
The service is headquartered in Australia and operates as TorFX Pty Ltd, with a New Zealand licence from the Financial Markets Authority (FMA) as well as Australian regulation. That means customers on both sides of the Tasman can hold and send from 40 currencies through the same account.
What account features does TorFX offer?+
The listed features include a joint account, so a joint account can be held alongside everyday transfers. Its model is no monthly fee and low fx, which pairs a fee free standing account with a focus on the exchange rate.
How do I get help from TorFX?+
Support runs on email and phone, so a question can be sent by email or raised by phone rather than through an app only desk. The support channels listed for the Australian service do not include a live chat or a self service help centre, and that is where many people look first when a transfer is stuck.
Sources
- torfx.com.au checked September 26, 2026
Backs: Currencies, Delivery time, Founded, Headquarters, Legal entity, Payout methods, Support channels, Transfer fee, Fee to send 1,000, Licences
“We support transfer to 120+ countries in 40+ currencies, including AUD, NZD, GBP, EUR, USD, ZAR and more.”
- torfx.com.au checked September 26, 2026
Backs: Audience
“We're here for every kind of international payment ... Property purchases, Emigration, Repatriation of funds, Business services”
- torfx.com.au/everyday-transfers checked September 26, 2026
Backs: Pricing model, Monthly fee
“With no direct transfer fees and consistently competitive FX margins across the assessed currency conversions, TorFX continues to offer consumers a low-cost option for transferring Australian dollars...”
- torfx.com.au/terms-and-conditions checked September 26, 2026
Backs: Features
“If you are more than one person, the account shall be in all the parties' names as joint tenants, and each party shall be jointly and severally liable.”
Compiled from 4 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Exchange rate markup, Licence type.