TorFX large transfers and transfer limits in the UK

Need to send a large sum of money abroad from the UK? You might be buying a holiday home or a luxury car, or making an international investment. You may even be moving to another country and need to transfer your savings over.

Whatever your plans, you’ll need to find a safe, reliable and cost-effective way to make large international transfers from the UK.

One option is a specialist money transfer service like TorFX, the UK based foreign exchange company. This guide covers everything you need to know about TorFX large transfers, including limits, transfer times, security and of course, those all-important fees.

And we’ll also introduce Wise as the smart solution for sending large sums internationally – with over 18.9 million people worldwide moving £52 billion each quarter.

With Wise you get low, transparent fees, mid-market exchange rates, and secure, trackable transfers, with dedicated support and volume discounts when sending large amounts. On a £50,000 transfer, you could save up to £1,000 with Wise vs your bank.

Get expert support for your large transfer 📞

Can you send large transfers with TorFX?

Yes, you can send large money transfers with TorFX. The platform doesn’t have any maximum limits on international payments,¹ so you can send as much as you want per payment or per day/week.

Smaller payments are set up and sent online, or via the TorFX mobile app. But if you’re sending more than £25,000 at once, you’ll need to call the provider and speak to your account manager to set up the transfer.²

TorFX doesn’t have any physical branches, so there are no options for sending money in person.

A couple of other things to bear in mind before sending large transfers with TorFX:²

• While TorFX doesn’t have upper limits on transfers, your bank may. These could be a problem when sending the funds to TorFX to pay for your transfer, so you’ll need to find out about these limits and check whether they can be temporarily increased.
• You may have to complete extra verification checks if sending high-value transfers. In order to comply with anti-money laundering laws, TorFX may ask you for additional ID or proof of funds.

TorFX transfer limits

There are no TorFX transfer limits, so you can send as much as you want per transaction or per day/week.

However, you’ll need to check whether your bank has any limits - as you’ll need to send funds to TorFX first, before the transfer can be processed and the money sent to your recipient.

What’s the maximum amount you can send with TorFX?

The amount you can send with TorFX is unlimited, as the provider doesn’t set upper limits.

There is however a minimum limit of £100, and regular transfers need to be within £500 and £10,000.¹

Can you send multiple large transfers per day?

Yes, you should be able to send multiple payments per day with TorFX.

How to transfer large amounts with TorFX: Step-by-step process

If you’re ready to send your first transfer with TorFX, here’s how to do it - step-by-step.

Firstly, you’ll need to get your recipient’s details together. Here’s what you’re likely to be asked for:

• The recipient’s name as it appears on their bank account
• Their bank account number and sort code
• The type of account (personal or business)

You’ll need additional details if you’re sending money abroad:

• The name, account number and address of the person or company you’re paying
• The recipient’s International Bank Account Number (IBAN)
• The SWIFT/BIC code for their bank.

How to send a transfer with TorFX

For payments under £25,000, you can send your international transfer online or via the TorFXmobile app.

Follow these steps:

1. Login to your TorFX account online or in the app. If you don’t have one yet, you’ll need to create an account and complete verification checks
2. Enter the amount and currency you want to send
3. Get a quote for the rate offered for conversion - the provider will help you choose the best time to send and ‘lock in’ a rate
4. Check the details and confirm
5. Send the money to TorFX from your bank
6. Your transfer will be processed.

If you’re sending more than £25,000, you’ll need to get dedicated support from the provider by phone. Call 01736 335250 and make sure you have the details of your transfer to hand.²

How does TorFX protect large transfers

TorFX has been operating since 2004³ and uses a range of security measures to keep your account, data, and money secure when making transfers. These include:

• Encryption of data and transfers
• Security access control, such as 2-factor authentication (2FA) requiring a PIN sent via SMS
• Fraud monitoring systems
• Biometric access to the TorFX app, to safeguard account access.

As TorFX isn’t a bank, it doesn’t offer FSCS protection for your money. But it does use something called safeguarding, where client money is held with reputable credit institutes separately from the company’s own funds.

How long do large transfers take with TorFX?

TorFX large transfer times vary depending on the currency, destination and the receiving bank. How quickly you pay for your transfer can also affect the delivery timeline.

The provider says that for many destinations, the funds should arrive on the same day. For more exotic destinations, it can take up to 2 working days.¹

It’s also worth noting that some things may be out of the provider’s control, such as the clearing processes and regulations of the receiving bank. This can potentially slow things down.

TorFX large transfer fees and costs

Now we come to the important issue of fees - so how much do TorFX large transfers cost?

The good news is that TorFX doesn’t charge upfront transfer fees to customers in the UK.¹ This doesn’t mean that transfers are free though, as there is an additional cost attached to the exchange rate you’re offered - more on this next.

There’s also the chance that third-party banks may deduct a fee from your transfer before paying your recipient. These aren’t fees that TorFX charges, or that it has any control over.

TorFX exchange rates for large transfers

When sending an international transfer with TorFX, you’ll also need to check the exchange rate.

This is important, as even though the provider doesn’t charge transfer fees, the exchange rate can make a big difference to the overall cost of sending money.

TorFX uses its own standard exchange rate for converting currency. This includes a small FX margin on the mid-market exchange rate.¹ This margin varies, but you can check the rate you’ll get when setting up your transfer.

It’s a good idea to check this carefully and make sure you’re happy with it, as even a small margin can make a big dent if you’re sending a large amount of money.

Wise – A low-cost alternative for large international transfers

Whether you're buying property, supporting family overseas or making another high-value payment, the total cost of an international transfer goes beyond the fee you pay upfront. Comparing the overall cost before you send can help you keep more of your money.

Banks and other providers may claim to have “no fees” but they could be adding a sneaky mark-up to their exchange rate. This can impact your budget by up to 2% when sending money abroad. On a £50,000 transfer, you could save up to £1,000 with Wise vs your bank.

Wise has built its own payment network that allows customers to send money internationally for less. You’ll get the mid-market exchange rate (close to the one you see on Google) with no hidden markups and low, transparent fees.

✅ Sign up with Wise for free

Wise Interest disclaimer: Growth not guaranteed. Your balance will go down in the event of a government default or interest rates going negative. Taxes may apply. 3.32% variable rate on GBP is based on 7 day performance as of 05 Aug 2026. For full 5-year past performance and fund information, visit https://wise.com/interest. Investments are offered by Wise Assets UK Ltd. (FRN 839689)

FAQs on large transfers and limits with TorFX

Is TorFX a good way to transfer money?

TorFX is a well-known provider in the international money transfer industry that operates under financial regulations in its active regions. It also offers information on fees, rates and transfer times upfront, before you send a transfer (you’ll need to open an account first).

However, it’s important to compare all options carefully, to find the best money transfer service for you. Get started by comparing the exchange rates between various banks and providers here.

Can I transfer money to TorFX by debit card?

No, TorFX seems to only accept payment by bank transfer - but you can get in touch with the provider to find out more about its payment methods.

What currencies can I transfer with TorFX?

TorFX supports international transfers in 40+ currencies, including most major currencies.

Key takeaways

• TorFX allows you to send unlimited transfer amounts internationally from the UK, provided you meet the £100 minimum limit.
• You can set up payments under £25,000 online or through the mobile app, while larger transfers require a quick phone call to an account manager.
• You will receive funds on the same day for most major destinations, though exotic currencies may take up to 2 working days.
• TorFX keeps your money safe using safeguarding measures and charges no upfront transfer fees, but they do add a margin to the exchange rate.

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Sources used:

1. TorFX - Frequently Asked Questions
2. TorFX - Large International Money Transfers
3. TorFX - About TorFX

Sources last checked on date: 23-Jul-2026