Updated September 29, 2026 · SumCue Editorial Team
Finom vs TorFX
Finom
Higher score in this comparison
TorFX
Where Finom and TorFX differ
| Compare | FinomReviewVisitVisit | TorFXReviewVisitVisit |
|---|---|---|
| Rate type | Fixed | Variable |
| Deposit protection | EU DGS up to EUR 100,000 | FSCS up to GBP 85,000 |
| Access terms | Instant access, withdraw at any time with no withdrawal penalties | 24/7 transfers online, in the app or by phone with a personal account manager; funds held in segregated accounts |
| Monthly fee | €0 | £0 |
| Headline rate | 5% | Not confirmed |
| Minimum deposit | €0 | Not confirmed |
Same on both: Account kind (Cash management).
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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 is a cash management account for a business audience that pays a fixed 5% headline with a monthly fee of €0 and instant access whenever cash is needed. It suits companies that hold euro reserves and want deposit protection of EU DGS up to EUR 100,000 without locking the money away.
TorFX
TorFX suits people who want a cash management account for money they move regularly, with transfers around the clock and a named account manager. Balances held in the UK sit under deposit protection of FSCS up to GBP 85,000, and the rate is variable, so what the account pays can change.
Score breakdown
| Area | Finom | TorFX |
|---|---|---|
| Cost | 9.3HigherRunning costs stay light: €0 monthly fees on the cash management account, plus a minimum deposit of €0. | 9.1Cost rests on a no monthly fee model with a monthly fee of £0, so running the account is cheap. |
| Offer | 9.7HigherThe fixed 5% headline, cashback of up to 3% and instant access with no withdrawal penalties cover interest and reward. | 8.5 |
| Trust | 8.2 | 9.0Higher |
Where they rank in our lists
| Ranking | Finom | TorFX |
|---|---|---|
| Savings | 3 of 1492 | 34 of 1492 |
| Cash management accounts | 1 of 46 | 7 of 46 |
Licences and countries
| Country | Finom | TorFX |
|---|---|---|
| Australia | Not confirmed | AUSTRAC (AFSL) 246838 |
| Cyprus | Not confirmed | |
| Netherlands | De Nederlandsche Bank (DNB) R180074 | Not confirmed |
| New Zealand | Not confirmed | Financial Markets Authority FSP1006222 |
| Spain | Not confirmed | Banco de Espana 6716 |
| United Kingdom | Not confirmed | Financial Conduct Authority 900706 |
Available in 1 country for both. Additional countries for Finom: 10. Additional countries for TorFX: 4.
Where these facts come from
Finom
- finom.co: 12 facts, checked September 26, 2026
TorFX
- torfx.com: 10 facts, checked September 26, 2026
Every fact side by side
| Fact | Finom | TorFX |
|---|---|---|
| Pricing model | No monthly fee, Fixed rateCovers more | No monthly fee |
| Legal entity | PNL Fintech B.V. | Tor Currency Exchange Ltd |
| Headquarters | Netherlands | United Kingdom |
| Founded | 2019 | 2004Lower |
| Support channels | Email, Chat, Help centre, Community | Phone, Email |
Credit cards
| Fact | Finom | TorFX |
|---|---|---|
| Rewards type | Cashback | Not confirmed |
| Features | Rewards | Not confirmed |
| Rewards rate | up to 3% | Not confirmed |
| Audience | Business | Not confirmed |
Where each stands against the rest
| Fact | Finom | TorFX | Median |
|---|---|---|---|
| Headline rate | 5%above the median | Not confirmed | 3.3% |
| Minimum deposit | €0below the median | Not confirmed | €1 |
Median across 710 listed providers.
Pros and cons
Finom
Pros
- A fixed 5% headline, above bunq at 3.01% and Wise at 3.29%.
- The cash management account carries a monthly fee of €0 and a minimum deposit of €0, so nothing is taken back out of the balance.
- Instant access with no withdrawal penalties, so cash can move the same day it lands.
Cons
- Support runs on email, chat and help centre only, so an urgent payment problem has no phone line to call.
- The fixed 5% rate is set rather than linked, so it carries no upside if market rates climb further.
- Deposit protection runs as EU DGS up to EUR 100,000, so a balance above that ceiling carries the risk itself.
TorFX
Pros
- Funds sit in segregated accounts, and transfers run online, in the app or by phone with a personal account manager.
- Deposit protection runs to FSCS up to GBP 85,000 for balances held in the UK.
- Authorised by the Financial Conduct Authority in the UK, with licences in Spain, Australia and New Zealand.
Cons
- Support runs on phone and email, with no live chat listed.
- The rate is variable, so the interest the account pays can change.
- Deposit cover of FSCS up to GBP 85,000 is below the EU ceiling listed at Wise, EU DGS up to EUR 100,000.
Who each suits
Finom
Who it suits
- Companies that keep euro working capital in one place and draw on it as invoices clear, on a fixed rate of 5%.
- Business owners who care more about fees than flexibility, since the monthly charge is €0.
- Firms that want deposit protection of EU DGS up to EUR 100,000 without giving up instant access.
Who should look elsewhere
- Personal savers weighing bunq or Wise, because the account is built for a business audience rather than households.
- Anyone who needs a phone line, since support runs on email, chat and help centre only while 80.2% of savings brands take calls.
- Anyone holding more cash than the guarantee scheme covers, since protection runs as EU DGS up to EUR 100,000.
TorFX
Who it suits
- People holding a balance in a cash management account who want access at any hour.
- Savers who want funds held in segregated accounts with FSCS up to GBP 85,000 behind UK balances.
- Users who prefer a personal account manager on the phone, with support listed on phone and email.
Who should look elsewhere
- Wise, if you hold euros and would rather have cover under EU DGS up to EUR 100,000.
- bunq, whose euro balances are listed under EU DGS up to EUR 100,000.
- eToro, if you prefer deposits listed under EU DGS up to EUR 100,000 to the UK scheme.
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
| Country | Finom | TorFX |
|---|---|---|
| Australia | No | Yes |
| Austria | Yes | No |
| Belgium | Yes | No |
| Cyprus | Yes | No |
| France | Yes | No |
| Germany | Yes | No |
| Ireland | Yes | No |
| Italy | Yes | No |
8 of 15 countries where either is available.
Questions about each
Finom
What interest rate does Finom pay?+
Finom pays a headline rate of 5% on its cash management account, and the rate is fixed. That figure is set rather than something that follows a base rate, so the headline shown is the rate the account pays for as long as it runs. Cashback of up to 3% adds a further stream of return on top of the interest.
Is there a monthly or annual fee?+
Monthly fees on the cash management account are €0, and the pricing model is a no monthly fee setup alongside a fixed rate. The interest is the return line and nothing further is taken from the balance, so a business holding a large euro float keeps the whole 5% headline.
TorFX
Does TorFX charge a monthly fee?+
The account runs on a no monthly fee model, with a monthly fee of £0, so holding it costs little. The balance sits in a segregated account rather than being lent out, and the rate paid is variable, which means it can move over time.
Is my money protected if TorFX fails?+
Balances held in the UK are covered by deposit protection of FSCS up to GBP 85,000. Funds are also kept in segregated accounts, separate from the firm's own money. The UK side is authorised by the Financial Conduct Authority under 900706, with further licences in Spain, Australia and New Zealand.
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