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WorldFirst Foreign Exchange Money Transfers

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Enjoy competitive exchange rates when you send money overseas with WorldFirst.

  • Good for large transfers and transparent margins on the exchange rate.
  • Not so great if you only want to send a small amount or pay by card.

USD 1

Min. Transfer Amount

No limit

Max. Transfer Amount

1 day

Transfer Speed

Details

Product NameWorldFirst International Money Transfers
Min. Transfer AmountUSD 1
Max. Transfer AmountNo limit
Transfer MethodsOnline, Phone
Transfer OptionsOne off payments, Market orders, Forward contracts
Transfer Speed
Minimum transfer time
1 day
Customer ServicePhone, Email
Available CurrenciesAUD, CHF, EUR, GBP, HKD, JPY, KHR, NZD, USD
Online Transfer FeeAUD 0
Exchange Rate UpdatesDaily

Pros

  • Competitive exchange rate
  • Spot contracts, forward contracts and hedging options available
  • Weekly updates on market exchange rates

Cons

  • Transfer fee payable
  • Small numbers of currencies available

WorldFirst exchange rates and fees

Because WorldFirst takes a smaller margin than the major banks, it’s typically able to offer better rates than a bank can. In fact, its currency transfers may be up to 3x cheaper than the banks and it also backs up its exchange rates with a Best Rate Guarantee.

Calculate how much sending money overseas would cost with WorldFirst by using our tool below. You can also check out the real-time exchange rate WorldFirst offers and if there are any additional fees.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 1 1 day HKD 0.00 0.127 USD
1,270
非Finder客戶將獲得較昂貴的匯率。 Better exchange rates for Finder customers.
可用超過130種貨幣匯款。 Send money in more than 130 currencies.
Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

Best Rate Guarantee

If you get a better quote from another international transfer service, WorldFirst will beat it. You just need to:

  • Register with WorldFirst.
  • Inform WorldFirst of how much money you’re looking to transfer and the rate you were quoted, including the time of day you received the quote.

Conditions do apply:

  • You must have an active trading account with another provider.
  • You must have the quote in writing or email to send to WorldFirst within three hours of receipt.
  • WorldFirst cannot give you a rate better than the rate at which they buy the currency.

Available currencies

WorldFirst offers money transfers to over 60 different currencies. You can check out the full list of the currencies above, but some of the more popular ones include:

  • EUR Euro
  • GBP British pound
  • INR Indian rupee
  • LKR Sri Lankan rupee
  • NZD New Zealand dollar
  • PHP Philippine peso
  • USD US dollar
  • VND Vietnamese Dong

What types of transfers can you make with WorldFirst?

What separates WorldFirst from most traditional banks and currency brokers is the fact that they offer foreign exchange methods that banks typically reserve for large corporate clients. However, WorldFirst only offers bank-to-bank transfers — meaning, funds must be drafted from your bank account, which will then be deposited into your recipient’s bank account. You cannot use cash or a debit or credit card to make the transaction.

While you can’t schedule recurring transfers, WorldFirst offers these specialised services and features for those with individual client accounts to get the most out of your transfers.

  1. Spot contracts. Make a one-time transfer at the time of payment.
  2. Firm orders.
  3. Easy bulk payments.

What payment methods does WorldFirst accept?

WorldFirst only accepts payments via domestic bank transfer.

After you’ve booked your money transfer, you’ll receive an email with WorldFirst’s bank account details for you to transfer your money to. You can organise your money transfer with WorldFirst either over the phone or online.


How long does a transfer with WorldFirst take?

A number of factors affect the transfer time: the currency, what bank is used and the size of the transaction. If you’re transferring to GBP, USD or EUR, the transfer is normally completed within the same day. With other currencies, you should allow one to four days for your money transfer to be completed.

Keep in mind that these times are from when WorldFirst receives your funds, so depending on how fast your bank processes money transfers.

Transfers typically takeClock icon for transfer speed

1 day


Is WorldFirst safe to use?

  • Security and regulation: WorldFirst is government regulated and holds its customers’ funds separate from the company’s own.
  • Established: 2004.
  • Number of customers: Over 75,000*.
  • Reviews: Trustpilot gives WorldFirst a score of 7.7* out of 10, based on over 220 reviews.
*According to WorldFirst and Trustpilot on 14 September 2018.

WorldFirst is regulated in Hong Kong as a Money Services Operator (MSO) by the Hong Kong Customs and Excise Department.

Two-factor authentication (2FA) allows you an extra layer of security. It requires you to use two types of verification when you’re logging into your account. These are usually your password and a number either sent to you by text or generated by an authenticator.


How does WorldFirst make money?

WorldFirst makes its money off the spread, which is also known as the margin. You may have noticed that the exchange rate you see on Google or XE is different to the one being quoted to you. This is because a lot of money transfer companies and banks add on a small margin to the interbank rate to cover their own costs. In other words, it’s the difference between the wholesale cost of the currency, and the rate WorldFirst offers to you.

This margin varies from company to company, so it’s important to compare both the exchange rate the money transfer service is offering as well as their additional fees. WorldFirst’s margin generally ranges between 0.1% and 4% per transfer, depending on market volatility and the specific currencies you’re buying or selling.


How to register an account with WorldFirst

You can sign up for an account with WorldFirst over the phone or online and, once you register and are verified the first time, it’s quick and easy to make future transactions.

The first step is to sign up for an account. You’ll need to provide:

  • Your full name and contact information, including an email address
  • Your country of residence and address
  • Date of birth
  • Proof of government-issued ID or passport
  • Details about your money transfer needs

After you’ve registered for an account, you can usually get up and running within an hour after the WorldFirst team has verified your identity.


How do I make an international money transfer with WorldFirst?

  1. Log in and click ‘make a transfer’. You’ll find this button on the homescreen of your log-in page.
  2. Choose your currencies. You’ll need to include the currency you hold and what you want to send, as well as the amount.
  3. Select your payment method. Even though you can only use a bank transfer in Hong Kong, you can choose if the money is coming from a bank account under your name or not.
  4. Pick what date you want WorldFirst to make the transfer. It can either be for as soon as possible or at a later date.
  5. Review your transfer. Double-check the exchange rate is the one you want as this is the one you’re locking in.
  6. Transfer the money to WorldFirst’s bank account. You can find WorldFirst’s bank account details in the confirmation email you’re sent.
  7. WorldFirst sends your money transfer. You’ll be able to track the transfer online and receive email updates during the process.

What is WorldFirst’s background?

WorldFirst was launched in 2004 by two ex-Citibank colleagues in London. The pair wanted to use WorldFirst to make international money transfers cheaper and easier than what’s normally offered by the banks. Although they now have offices in Hong Kong, Japan, the US, the Netherlands and Singapore, the Sydney office was the second non-UK one launched.

In a nutshell

Pros
  • Competitive rates. WorldFirst offers highly competitive exchange rates to customers that’s usually not too far from the interbank rate.
  • Same-day transfers for major currencies. If you’re transferring to USD, EUR and GBP, WorldFirst are able to deliver within a day.
  • Regular market updates. You can sign up for WorldFirst’s rate alerts or weekly market updates.
  • No maximum limit. With no limit, you can transfer as much as you’d like in one go.
Cons
  • Only accepts bank transfer. You won’t be able to use your credit card or debit card to pay for a money transfer.
  • High minimum transfer limit. WorldFirst won’t process money transfers smaller than HK$10,000 (or currency equivalent)
  • Some smaller currencies missing. WorldFirst has most of the major currencies covered, but not all of the smaller ones.
  • No cash pick-up. Transfers must be sent to your recipient’s bank account. You can check out other money transfer providers that offer cash pickup here.

How does WorldFirst compare to other providers?

Our table below shows you the exchange rate and fees of other money transfer specialists.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 10 1 - 2 days HKD 70.00 0.129 USD
636
以透明的匯率,低收費及低最低金額的網上服務作匯款。 Make online transfers with transparent exchange rates, low fees and low minimum amounts. Go to site Show details
USD 5 1 - 2 days HKD 25.00 0.128 USD
635
新客戶可享有首三個月無限次免手續費匯款。New customers get 3 months of unlimited free transfers.
可用15+種貨幣匯款,享有超越銀行的匯率以及快速轉賬時間。 Get bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Go to site Show details
SGD 1 1 day HKD 21.00 0.129 USD
642
你首兩次港幣$15,000或以下的匯款,手續費全免。Pay no fees on your first two transfers, up to HK$15,000.
象徵式收費以及中間價匯率,可匯款至高達30多個國家。 Transfer money to over 30 countries with nominal fees and the mid-market exchange rate.
Go to site Show details
USD 50 1 day HKD 17.50 0.129 USD
642
快捷又簡單的國際匯款服務,大部分匯款收取固定的0.5%手續費。部分貨幣更不設保證金率。 Quick and simple international money transfers with a flat 0.5% transfer fee for most transfers. Zero-margin rates on some currencies. Go to site Show details
USD 1 1 day HKD 0.00 0.127 USD
635
非Finder客戶將獲得較昂貴的匯率。 Better exchange rates for Finder customers.
可用超過130種貨幣匯款。 Send money in more than 130 currencies.
Go to site Show details
USD 1 Within an hour HKD 10.00 0.128 USD
641
提供現金提取、銀行戶口之間轉賬與及Airtime匯款選擇的網上匯款服務,。 An online money transfer service with cash pickup, bank account to bank account and airtime transfers available. Go to site Show details
USD 100 1 day HKD 15.00 0.127 USD
633
非Finder客戶將獲得較昂貴的匯率。 Better exchange rates for Finder customers.
可用45種貨幣匯款。 Send money in 45 currencies.
Go to site Show details
GBP 5,000 1 - 2 days HKD 0.00 0.127 USD
635
可匯款至20+個國家,無手續費。 Transfer money to 20+ countries with no transaction fees. Go to site Show details
USD 2,000 1 day HKD 0.00 0.127 USD
635
TorFX保證提供最佳的匯率。需受條款約束。TorFX guarantees to match any competitor's exchange rate.
以30種貨幣匯款到全球。登記後,將會有一個客戶經理提供支持和引導。Send money overseas in 30+ currencies with competitive rates for transfer amounts over $2,000.
Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

Frequently asked questions

Does WorldFirst have an app?

Yes, the WorldFirst app is available from the Apple App Store and the Google Play store. It allows you to make transfers whenever and wherever is convenient. If you want to know more about money transfer apps, check out our guide on some of the most popular ones.

Can I send money for cash pickup through WorldFirst?

No. WorldFirst transfers money to bank accounts only.

How long does it take to open an account with WorldFirst?

You can open an account online in minutes, with verification usually taking place within an hour. After setting up the account, you’ll need to wait for a representative to contact you and finish verifying your identity. Read more about the registration process here.

Watch: Business and online payments during COVID-19

We spoke to WorldFirst’s CEO Jeff Parker about the trends he’s seen in business transfers since lockdown.

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