DBS Remit vs TorFX - Who is better? [UPDATED 2024]

When it comes to sending money across borders, we tested options like DBS Remit and TorFX have emerged as leading choices. Both DBS Remit and TorFX online platforms offer efficient and cost-effective and secure international money transfers from DBS Remit and TorFX.

We compare DBS Remit vs TorFX into the unique features and benefits that distinguish DBS Remit vs TorFX, empowering you to make an informed decision based on your specific transfer needs like DBS Remit vs TorFX fees, currencies available, available payment methods on DBS Remit compared to TorFX, support options offered by DBS Remit vs TorFX, speed and more.

DBS Remit vs TorFX: Quick Feature Comparison

  1. Visit DBS Remit alternative DBS Remit Visit DBS Remit

    Used By: 2400000
    Currencies Available: 7
    Transfer Fees: S$35
    Payment Methods: Bank deposit
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: S$500
    Max Transfer: S$200,000
    Year Founded: 1968

  2. Visit DBS Remit alternative TorFX Visit TorFX

    Used By: 325,000
    Currencies Available: 39
    Transfer Fees: 1.91%-2.71%
    Payment Methods: chaps, swift, bacs, debit card, cheque
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: 200 USD
    Max Transfer: none
    Year Founded: 2004

DBS Remit vs TorFX: Pros and Cons

DBS Remit vs TorFX
Advantages

DBS Remit Advantages TorFX Advantages
  • DBS Remit has been serving clients for over 56 years
  • DBS Remit is available internationally.
  • DBS Remit has multiple currency options.
  • DBS Remit is available to iOS Apple device users.
  • DBS Remit is available to Android mobile device users.
  • TorFX has been in operation for over 20 years.
  • TorFX operates in numerous international countries.
  • TorFX offers an extensive range of currency options for money transfers.
  • TorFX provides phone support.
  • TorFX offers registered customers email support.
  • TorFX has a Apple iOS app on Apple app store.
  • TorFX offers a Android Google Play Store mobile app.

DBS Remit vs TorFX
Disadvantages

DBS Remit Disadvantages TorFX Disadvantages
  • DBS Remit has no PayPal support.
  • DBS Remit has no Neteller payments support.
  • DBS Remit has no Skrill payment support.
  • DBS Remit does have a mobile digital wallet like some others.
  • No home delivery with DBS Remit.
  • No cash pickups with DBS Remit.
  • No money order support with DBS Remit.
  • No live chat support with DBS Remit.
  • DBS Remit has no telephone support.
  • DBS Remit email support is limited.
  • TorFX has no PayPal option.
  • TorFX has no Neteller option.
  • TorFX has no Skrill option.
  • No digital wallets with TorFX.
  • No TorFX home delivery.
  • No TorFX Cash pickups.
  • No TorFX money order option.
  • No TorFX Livechat.

DBS Remit vs TorFX Fees and Other Costs

Fee type DBS Remit Fees TorFX Fees
Transfer Fees S$35 1.91%-2.71%
Min Transfer S$500 200 USD
Max Transfer S$200,000 none
Payment Methods Bank deposit chaps, swift, bacs, debit card, cheque
Currencies USD, GBP, AUD, EUR, SGD, CAD, HKD EUR, GBP, USD, CAD, AUD, NZD, JPY, ZAR, CHF, AED, BBD, BWP, BGN, CNY, HRK, CZK, DKK, XCD, FJD, HKD, HUF, INR, ILS, KES, MUR, MXN, MAD, TRY, NOK, PHP, PLN, RON, RUB, SGD, LKR, SEK, THB, TTD, UGX

DBS Remit vs TorFX Restricted Countries

DBS Remit Country Restrictions

Afghanistan, Aland Islands, American Samoa, Angola, Anguilla, Antarctica, Antigua and Barbuda, Barbados, Belize, Benin, Bhutan, Bonaire (including Sint Eustatius and Saba), Bouvet Island, British Indian Ocean Territory, Burkina Faso, Burundi, Cape Verde, Central African Republic, Chad, Cocos (Keeling) Islands, Comoros, Congo, Democratic Republic of, Congo, Republic of, Cook Islands, Crimea, Cuba, Curacao, Djibouti, Equatorial Guinea, Eritrea, Faroe Islands, Fiji, French Guyana, French Polynesia, French Southern Territories, Gabon, Gambia, Greenland, Grenada, Guadeloupe, Guinea, Guinea-Bissau, Guyana, Haiti, Heard Island and Mcdonald Islands, Holy See (Vatican City State), Iran, Iraq, Ivory Coast (Cote d'Ivoire), Japan, Kiribati, Kosovo, Kyrgyzstan, Lao People’s Democratic Republic, Lebanon, Liberia, Libya, Macao, Mali, Marshall Islands, Martinique, Mauritania, Mayotte, Micronesia, Federated States of, Montserrat, Myanmar, Namibia, Nauru, New Caledonia, Niger, Niue, Norfolk Island, North Korea, Northern Mariana Islands, Palau, Palestinian Territory, Papua New Guinea, Reunion, Pitcairn, Rwanda, Saint Barthelemy, Saint Helena, Saint Kitts and Nevis, Saint Lucia, Saint Martin, Saint Pierre and Miquelon, Saint Vincent and the Grenadines, Sao Tome e Principe, Seychelles, Sierra Leone, Sint Maarten, Solomon Islands, Somalia, South Georgia and the South Sandwich Islands, Sudan (North and South), Suriname, Svalbard and Jan Mayen, Syria, Tajikistan, Timor-Leste, Togo, Tokelau, Tonga, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Vanuatu, Venezuela, Wallis and Futuna, Western Sahara, Western Samoa, Yemen, Zimbabwe, Crimea, Cuba, Iran, Libya, North Korea, South Sudan, Sudan, Syria

TorFX Country Restrictions

Afghanistan, Aland Islands, American Samoa, Angola, Anguilla, Antarctica, Antigua and Barbuda, Barbados, Belize, Benin, Bhutan, Bonaire (including Sint Eustatius and Saba), Bouvet Island, British Indian Ocean Territory, Burkina Faso, Burundi, Cape Verde, Central African Republic, Chad, Cocos (Keeling) Islands, Comoros, Congo, Democratic Republic of, Congo, Republic of, Cook Islands, Crimea, Cuba, Curacao, Djibouti, Equatorial Guinea, Eritrea, Faroe Islands, Fiji, French Guyana, French Polynesia, French Southern Territories, Gabon, Gambia, Greenland, Grenada, Guadeloupe, Guinea, Guinea-Bissau, Guyana, Haiti, Heard Island and Mcdonald Islands, Holy See (Vatican City State), Iran, Iraq, Ivory Coast (Cote d'Ivoire), Japan, Kiribati, Kosovo, Kyrgyzstan, Lao People’s Democratic Republic, Lebanon, Liberia, Libya, Macao, Mali, Marshall Islands, Martinique, Mauritania, Mayotte, Micronesia, Federated States of, Montserrat, Myanmar, Namibia, Nauru, New Caledonia, Niger, Niue, Norfolk Island, North Korea, Northern Mariana Islands, Palau, Palestinian Territory, Papua New Guinea, Reunion, Pitcairn, Rwanda, Saint Barthelemy, Saint Helena, Saint Kitts and Nevis, Saint Lucia, Saint Martin, Saint Pierre and Miquelon, Saint Vincent and the Grenadines, Sao Tome e Principe, Seychelles, Sierra Leone, Sint Maarten, Solomon Islands, Somalia, South Georgia and the South Sandwich Islands, Sudan (North and South), Suriname, Svalbard and Jan Mayen, Syria, Tajikistan, Timor-Leste, Togo, Tokelau, Tonga, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Vanuatu, Venezuela, Wallis and Futuna, Western Sahara, Western Samoa, Yemen, Zimbabwe, Crimea, Cuba, Iran, Libya, North Korea, South Sudan, Sudan, Syria

DBS Remit vs TorFX Transfer Speeds

Transfer Speed DBS Remit TorFX
Account Opening 1-3 days 1-3 days
Money Transfer Speed 1-10 days 1-10 days

DBS Remit vs TorFX Languages

DBS Remit Supported Languages

English

TorFX Supported Languages

DBS Remit vs TorFX Verdict - Which is better?

Which is best out of DBS Remit and TorFX depends on your needs.

  • DBS Remit vs TorFX Transfer Fees: Transferring money with DBS Remit costs S$35 while TorFX charges 1.91%-2.71%.
  • DBS Remit vs TorFX Supported Currencies: DBS Remit deals in over 1, where as TorFX offers transactions in 1.
  • DBS Remit vs TorFX Payment Methods: DBS Remit accepts Bank deposit, while TorFX allows transactions via chaps, swift, bacs, debit card, cheque.
  • DBS Remit vs TorFX Transfer Limits: DBS Remit allows transfers between S$500 and S$200,000. TorFX's range is 200 USD to none.
  • DBS Remit vs TorFX Minimum Age for Account Creation: DBS Remit requires users to be at least 18 years old, where as TorFX has a minimum age requirement of 18.
  • Contact Number: You can reach DBS Remit at and TorFX at 44 (0) 1736 335 250 .
  • DBS Remit vs TorFX Countries of Operation: DBS Remit operates in over 1 countries but has restrictions in over 1 countries. TorFX serves 1 countries and restricts operations in 1 countries.
  • DBS Remit vs TorFX Client Base: DBS Remit is used by 2,400,000, where as TorFX serves 325.
  • DBS Remit vs TorFX Year Founded: DBS Remit was established in 1968 and TorFX began its operations in 2004.
  • DBS Remit vs TorFX Customer Rating: DBS Remit holds a rating of 3, in contrast, TorFX has a rating of 3.
  • DBS Remit vs TorFX Headquarters: DBS Remit has its headquarters at Singapore, while TorFX is based at Cornwall, UK.
  • DBS Remit vs TorFX Employee Count: DBS Remit employs individuals, where as TorFX has a team of 100.
  • DBS Remit vs TorFX Estimated Annual Turnover: DBS Remit turnover stands at 1260000000, while TorFX boasts a turnover of 20,000,000,000 USD.
  • DBS Remit vs TorFX Founder: DBS Remit was founded by , holding the position of . On the other hand, TorFX was the brainchild of Jon Beddell, currently holding the position of CEO.
  • DBS Remit vs TorFX Supported Languages: DBS Remit offers support in over 1 languages. TorFX communicates in 1.

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DBS Remit vs TorFX Alternatives Guides

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Screenshots

DBS Remit Screenshot

DBS Remit Screenshot

TorFX Screenshot

DBS Remit Screenshot