WorldRemit VS WorldFirst

WorldRemit vs WorldFirst

We compare two popular online transfer services to find out which one offers the best value for money.

WorldRemit and WorldFirst both offer a convenient international money transfer service and allow you to send funds to countries all around the world. But which is the best choice for your next overseas transfer? To find out, we’ve compared WorldRemit and WorldFirst head to head to see how their exchange rates, fees and transfer times stack up.

The fees and rates used in this comparison are accurate as of 7 February 2019.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
CAD 0 Within an hour CAD 3.99 0.764 USD
3,815
Use code FINDERCA and pay zero fees on your first transfer. Conditions apply.
An online money transfer service with cash pick-up, bank account to bank account and airtime transfers available.
Go to site Show details
CAD 2,000 1 day CAD 0.00 0.752 USD
3,759
Send 60+ currencies at competitive rates with $0 transfer fees for Finder customers. WorldFirst will beat any eligible quote from another provider. Go to site Show details

Compare up to 4 providers


The “Rate” and “Amount Received” displayed are indicative rates that have been supplied by each brand or gathered by Finder.

Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention “Finder” before you commit to a brand.

Which has lower fees?

WorldRemit

WorldRemit charges flat transaction fees that vary depending on the amount of money you transfer, where you’re sending it and how your recipient will access the money. Bank transfers tend to be the most affordable option and commonly attract fees of around $3.99, but the range of variables that can affect fees means the cost will vary depending on your specific transfer circumstances. Happily, you can use WorldRemit’s online calculator to determine the fees that apply to your transaction without having to sign up for an account.

WorldFirst

WorldFirst doesn’t charge any fees on international transfers for personal accounts, and instead makes money on the exchange rate margin.

Trophy icon
Winner: WorldFirst

WorldFirst doesn’t charge any transfer fees and is the clear winner in this category.

However, please note that this doesn’t necessarily mean your transfer will be cheaper with WorldFirst. Each service offers different exchange rates, which we’ll examine below.

Let’s crunch the numbers: Sending $1,000 to Germany

To give you a better idea of how WorldRemit and WorldFirst compare, let’s look at a hypothetical example of sending $1,000 to Germany. For the sake of clarity, we’ll send a bank transfer.

Sending $1,000 to Germany
WorldRemit WorldFirst
Transfer fee $3.99 $0.00
Transaction cost $1,003.99 $1,000
Exchange rate 1 CAD = 0.6598 EUR 1 CAD = 0.668 EUR
Transfer speed 1-3 working days 1 working day
Total received (in EUR) €660 €668

As you can see in the table above, using WorldFirst instead of WorldRemit for this hypothetical transaction could save you $3.99 in transfer fees and allow you to send an extra €8 to your recipient.

Which offers better exchange rates?

WorldRemit

WorldRemit updates its exchange rates daily and adds a margin on top of the mid-market rate. While the margin varies depending on the currency you send, WorldRemit typically offers a margin of around 1-2%. For example, if you wanted to send a transfer to the UK:

  • If the mid-market rate is 1 CAD = 0.5800 GBP
  • WorldRemit’s rate might be 1 CAD = 0.5650 GBP

WorldFirst

The margin offered by WorldFirst generally ranges between 0.2% and 2%, but once again it will vary depending on the currency you want to send. For example, if you wanted to send GBP to the UK:

  • If the mid-market rate is 1 CAD = 0.5800 GBP
  • WorldFirst’s rate might be 1 CAD = 0.5698 GBP

Trophy icon
Winner: WorldFirst

WorldFirst generally offers a smaller margin and therefore a better exchange rate than WorldRemit.

That said, this isn’t always the case, so it’s worth comparing quotes before committing to a provider.

Which is faster

WorldRemit

Transfer times with WorldRemit vary depending on the transfer method you select and where you are sending your money. However, WorldRemit lists the following transfer times:

  • Bank transfer: Instant transfers to selected banks; between 1-3 working days in other cases
  • Cash pickup: Available to collect instantly
  • Mobile money: Instant or near-instant
  • Airtime top-up: Instant or near-instant
  • Home delivery: 24 hours – 7 days

WorldFirst

Transfer times vary depending on the currency you’re sending, the bank used and the amount of money you’re transferring. If you’re sending a major currency like GBP, USD or EUR, WorldFirst claims that same-day payments are usually available once it has received your funds. However, some other transactions can take up to four days to complete.

Trophy icon
Winner: WorldRemit

WorldRemit offers several transfer options that allow your recipient to access funds instantly or almost instantly, making it the clear winner here.

General features

Payment methods Minimum and maximum transfers Delivery methods Transfer speeds Countries and currencies
WorldRemit
  • Bank transfer
  • Credit card
  • Debit card
  • Android Pay
  • Apple Pay
  • Minimum: $0
  • Maximum: $40,000
  • Bank transfer
  • Mobile wallet
  • Cash pick-up
  • Airtime top-up
  • Door-to-door delivery
Within an hour 145+ countries
WorldFirst Bank transfer
  • Minimum: $2,000
  • No maximum
Bank transfer 1 day 60+ currencies

WorldRemit

To send an international transfer with WorldRemit, the first step is to sign up for a free account. You’ll then need to specify the currency and amount you want to send, as well as who you’ll be sending it to. You can pay for your transaction via bank account transfer, credit/debit card and Android Pay or Apple Pay. WorldRemit also offers five different transfer types

WorldFirst

Once you’ve signed up for an account with WorldFirst, you can begin a transfer request by selecting the currency you have and the currency you want to send, and entering your transaction amount. You’ll also need to provide your recipient’s bank account details and review the exchange rate you’ll receive before submitting the transaction. The funds will then be deposited into your recipient’s bank account.

Bottom line

While it was a close contest, WorldFirst is the winner thanks to its (generally) higher exchange rates and no transfer fees. However, WorldRemit is well worth considering if transfer speed is a priority.

Ultimately, it’s important to compare a wide range of international money transfer services to find the best value for your transaction.

Looking for more options?

Use our comparison calculator below to weigh up the fees, exchange rates and other details of money transfer providers out there.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
CAD 0 Within an hour CAD 3.99 0.757 USD
7,569
Use code FINDERCA and pay zero fees on your first transfer. Conditions apply.
An online money transfer service with cash pick-up, bank account to bank account and airtime transfers available.
Go to site Show details
CAD 1 1 - 2 days CAD 90.00 0.766 USD
7,595
Make online transfers with transparent exchange rates, low fees and low minimum amounts. Go to site Show details
CAD 2,000 1 day CAD 0.00 0.752 USD
7,518
Send 60+ currencies at competitive rates with $0 transfer fees for Finder customers. WorldFirst will beat any eligible quote from another provider. Go to site Show details
USD 150 1 day CAD 0.00 0.763 USD
7,633
Exclusive offer: Discounted exchange rates for your first and ongoing transactions. $0 transfer fee.
A higher exchange rate applies to non-finder customers. Send money in 45 currencies.
Go to site Show details
CAD 0 1 day CAD 0.00 0.763 USD
7,625
Send money in more than 60 currencies. Fee-free international money transfers with a global brand. Go to site Show details
CAD 5 1 - 2 days EUR 3.00 0.755 USD
7,549
Special offer: Pay zero fees on your first 5 transfers.
Get bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Go to site Show details
USD 150 1 day CAD 0.00 0.763 USD
7,629
TorFX guarantee to beat any competitor's exchange rate for a transaction. Conditions apply.
Send money overseas in 45 currencies.
Go to site Show details
CAD 7,000 1 day CAD 0.00 0.753 USD
7,526
Venstar Exchange offers competitive exchange rates and zero fees on large transfers over US$10,000. Go to site Show details
GBP 5,000 1 - 2 days CAD 0.00 0.763 USD
7,626
Aimed at larger transfers, CurrencyTransfer is an online marketplace that lets you shop around for the best exchange rate. Go to site Show details

Compare up to 4 providers


The “Rate” and “Amount Received” displayed are indicative rates that have been supplied by each brand or gathered by Finder.

Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention “Finder” before you commit to a brand.

Frequently asked questions

Was this content helpful to you? No  Yes

US International Money Transfer Offers

Important Information*
Logo for XE Money Transfer
XE Money Transfer

Offering no maximum and no minimum limit transfers with $0 fees.

Logo for WorldRemit International Money Transfers
WorldRemit International Money Transfers

Use promo code 3FREE to send your first 3 transfers with no fee. Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up.

Logo for TransferWise
TransferWise

Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.

Logo for CurrencyTransfer
CurrencyTransfer

Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000).
For larger transfers, get no transaction fees and no maximum send limits.

Ask an Expert

You must be logged in to post a comment.

Go to site