World First gives you the most for your money during international transfers, emphasizing security with better exchange rates.
World First International Money Transfers
Exclusive offer for finder.com readers:
Because World First is a trusted partner of finder.com, you can send your money transfer overseas for free.
No fees: There is a $0 online transfer fee for all finder.com customers.
- Competitive exchange rates
- Spot contracts, forward contracts and hedging options available
- Weekly updates on market exchange rates
How does World First protect my money?
World First broke the record for fastest international transfer by completing a transaction in 6 minutes and 49 seconds. An established leader in the money transfer business, it takes the duty of protecting your money seriously.
- Licensed. World First is a licensed money transmitter business that adheres to the rules of the US Office of Foreign Assets Control and Financial Crimes Enforcement Center (FinCen).
- High credit rating. World First has a 3A2 rating from Dun & Bradstreet, further ensuring that your funds are covered.
- Segregated client accounts. Your money is kept separate from World First’s money. This makes it easy to identify and protect should anything happen to the company.
- Award-winning. World First has won several awards for its service, including the 2016 Queen’s Award for Enterprise in International Trade.
- Years of experience. Founded in 2004, World First has grown from its headquarters in London to include offices in Austin, DC, Hong Kong, Singapore, the Netherlands, and Sydney.
What are my rights when it comes to money transfers?
The Consumer Financial Protection Bureau established rules in 2013 to protect US citizens when transferring money internationally. Federal law now requires many credit unions, money transfer services and banks to disclose information both before and after a transfer.
Before a transfer, you have the right to know:
- The exchange rate.
- Fees and taxes collected from you.
- Fees charged by agents overseas and others involved in the transfer process.
- The amount your recipient is expected to receive (excluding foreign taxes and recipient fees).
You also have the right to know:
- Your ability to cancel the transfer. Unless the transfer has been picked up or deposited, you have 30 minutes (and sometimes more) to cancel at no charge.
- The company or bank’s process to investigate and fix any mistakes. It generally has 90 days to resolve any problems.
These rules apply to all international transfers of $15 or more.
How do I report suspicious activity to World First?
World First will never email you to confirm passwords, transaction details or personal information. If you receive an email from someone claiming to be World First, do not respond. If you’re concerned about an email or call, forward the email to firstname.lastname@example.org or call 1-844-571-2682.
How to avoid a money transfer scam
Money transfer scams are a real threat. You probably know of someone who has been victimized by one. Protect yourself with these easy tips.
- Don’t answer unsolicited phone calls and emails. Phishing scams often involve an email asking you to resend passwords or information. If you’re not sure whether it’s legit, go to the company’s website directly instead.
- Don’t transfer money to someone you don’t know. If for an online sale or auction, be sure that you have all of the seller’s information. And do a little research online before sending your payment.
- Ask questions. If a business responds quickly and accurately, that’s a good sign you’re working with a reputable company.
Tips for picking up cash safely
Knowing your money is secure during a transfer is important. But it’s just as vital to be safe when retrieving money. Follow these easy tips.
|Call ahead.||Learn the company’s business hours and choose a safe time to pick up your cash. Daylight hours are best.|
|Bring a friend.||Carrying money when alone can be dangerous. Ask a friend to come along.|
|Deposit your money immediately.||The likelihood of losing your money to theft or simple carelessness grows the longer you have it with you. Go straight to a bank and deposit your cash as soon as possible.|
|Keep your cash hidden.||Place your money in your purse or wallet before leaving the office. Carrying cash out in the open could make you a target.|
World First is a secure and inexpensive way to send money overseas. It is also highly regarded for its speed. Compare minimum transfer amounts and transfer fees to see which service is right for you.
Common money transfer scams to watch out for
|Scam||What to watch out for||What to do|
|Online purchases||Asking for money up front||Do not pay up front, ask to meet or arrange escrow|
|Lottery and sweeps||Must pay a fee to receive your prize||Ignore it; it’s not a real prize|
|“Guaranteed” loans||Request to pay for your application or taxes before you receive the loan||Rip it up; do not send the money|
|Phishing||Asking for personal details over email (bank accounts, passwords, SSN)||Do not reply or click any links – forward the email to email@example.com|
|Charity||Donation requests from a fake charity posing as real one.||Never wire money when donating to charity, regardless of their legitimacy.|
|Nigerian dignitary||Someone contacts you to help recover a large sum of money, and need your bank account info to help pay fees.||Never provide financial information over email.|
|“Stranded traveler”||A loved claims to be in trouble, and they are asking for you to send cash.||Never send a money transfer until you can verify you know the recipient.|
|Online dating||Getting to know someone online and after you feel a connection, they ask you to wire money.||Never send money to someone you have not met in person.|