UAB „NIUM EU“ (Lithuania) is an electronic money institution authorized and regulated by the Bank of Lithuania. „NIUM EU“ is focused on global money transfers. The company offers international money transfers, foreign exchange, e-wallet accounts to individuals, businesses. In 2023 UAB „NIUM EU“ total safeguarded customer funds were 895,000.00 EUR and revenue was 540,000.00 EUR. UAB „NIUM EU“ is doing business as InstaRem.
Tor Currency Exchange Limited (United Kingdom) is an electronic money institution authorized and regulated by the Financial Conduct Authority. TorFX is focused on international money transfers. The company offers money transfers, regular payments, repatriation of funds, virtual accounts to individuals, businesses. In 2023 Tor Currency Exchange Limited had total assets of 212.70 mln GBP, and generated net income of 21.96 mln GBP. During 2023 the company had 80 employees in average. Tor Currency Exchange Limited is doing business as TorFX.
„NIUM EU“ allows to send money from 38 countries, namely:
Australia
Canada
Italy
Finland
Liechtenstein
Norway
Cyprus
Hungary
Ireland
Lithuania
Germany
Estonia
Belgium
Latvia
Netherlands
Austria
Poland
Bulgaria
Luxembourg
Spain
France
Croatia
Denmark
Czech Republic
Portugal
Romania
Sweden
Slovenia
Malta
Slovakia
Greece
Iceland
United Kingdom
Hong Kong
India
Malaysia
Singapore
United States
Receiving Countries
„NIUM EU“ allows to send money to 54 countries, namely:
Bangladesh
China
Hong Kong
India
Indonesia
Japan
Malaysia
Nepal
Pakistan
Philippines
Singapore
Korea, Republic of
Sri Lanka
Thailand
Vietnam
Austria
Belgium
Bulgaria
Croatia
Cyprus
Czech Republic
Denmark
Estonia
Finland
France
Germany
Greece
Hungary
Ireland
Italy
Latvia
Lithuania
Luxembourg
Malta
Monaco
Netherlands
Norway
Poland
Portugal
Romania
San Marino
Slovakia
Slovenia
Spain
Sweden
United Kingdom
United States
Canada
Mexico
Argentina
Chile
Colombia
Peru
Australia
Sending Methods
•InstaRem e-Wallets To start making transfers with InstaRem, it is required to create and top up an account with InstaRem, InstaRem e-Wallet. •Bank Accounts InstaReM e-Wallets can be topped up through Electronic Funds Transfer (EFT) / Bank Transfers / Wire Transfers in all countries. •Debit Cards InstaReM e-Wallets can be topped up with debit cards in the EU countries. •Other Methods You can also send money through POLi (in Australia), Debit Card (in EU), FPX (in Malaysia) and ACH Pull or Bank Transfer method (in USA).
•TorFX Account TorFX offers sending money from a sender's TorFX account only. So, to be able to perform a transfer, a sender should first open an account with TorFX and deposit enough money to this account. TorFX account can be topped up from the sender's bank account as well as via Visa debit cards and bank cheques. Both the cards and bank cheques should be nominated in GBP. Client funds are held at segregated TorFX's client accounts with Barclays bank.
Receiving Methods
•Bank Accounts InstaRem supports sending money to bank accounts only.
•Bank accounts TorFX offers sending money to bank accounts only.
Transfer Costs
•Transfer Fees TorFX does not charge anything outside of the actual exchange rate TorFX quotes. •Exchange Rate TorFX secures a highly competitive exchange rate.
Transfer Speed
It can take 1-2 working days for the money to arrive depending on the currencies involved and the destination country.
Advantages
Available to both individuals and businesses
Spot and forward contracts Available to personal and business customers Dedicated account managers
Disadvantages
Few currencies are available Receiving money to bank accounts only
Bank-to-bank transfers only No cash exchange or pre-paid travel cards
How It Works
How TorFX Transfers Work
1.
Register with TorFX Registering online or by phone with TorFX is fast, free and easy.
2.
Get a Rate Once registered you can get a quote or secure a rate online or over the phone.
3.
Arrange Your Transfer Buy currency online or over the phone with your account manager.
4.
Complete transfer Your purchased currency will arrive safely into your nominated bank account.
We use cookies to provide you with an excellent user experience. By clicking “Accept All”, you consent to our use of cookies.
Customize Cookies
We use cookies to ensure an excellent user experience and provide personalized information. Below you will find a detailed description of all the types of cookies we use.
Necessary Cookies
Required for essential site functions, such as secure system log-in or setting your preference parameters. Necessary cookies do not store any personal data.
Analytical Cookies
Required for site usage statistics, allow the analysis of indicators such as the number of visits, traffic sources, etc.
Advertising Cookies
Required to provide personalized advertising based on visited pages and analyze ad campaign efficiency.