World First has discontinued its services in the US effective January 30, 2019. The company will accept no new trades or transactions after this date, and inbound transfers received after 5 p.m. CT will be returned to the sender.
If you’re a personal or business customer who’s concerned about your account, call 737-226-5240 for assistance.
To find a suitable alternative, compare money transfer specialists to find the best rates, fees and turnaround you’re eligible for.
World First is an online money transfer company founded in the UK in 2004. Since then, it has transferred more than $56 billion worldwide, servicing over 75,000 customers regularly. Its wide array of services keeps people coming back transfer after transfer.
Xe Money Transfer is a service designed to help you transfer your funds to a bank in a foreign currency. If you’re working far from home, Xe is ideal for getting cash to your family or making investments overseas. Given how easy it is to transfer your money to foreign companies in their currency, it’s especially ideal for business accounts.
Xe offers low transfer fees, with no transaction fees, commissions or ongoing fees for large transfers. However, a nominal fee of $3 (and its equivalent) applies to transfers below $500 and its equivalent in other currencies. World First, on the other hand, only offers no-fee transfers if you’re sending $10,000 or more. Both companies have competitive exchange rates, but World First goes above and beyond with its promise to beat any quote you get from another international transfer service — something that Xe doesn’t offer.
Wise is a money transfer site designed to help you save money on exchanges through a peer-to-peer system. Its unique system allows you to exchange your funds with those of another seeking to convert their money to your currency. It’s basically trading money with another person, but it doesn’t cross borders. Wise has a lower minimum transfer amount of just $1, compared to World First’s $1,000 minimum.
While Wise has fees no matter how much money you’re sending, World First waives its fees if you’re sending more than $10,000. However, Wise has a maximum daily sending cap of $49,999, unlike World First’s unlimited transfer amount.
Unlike World First, WorldRemit has a low minimum transfer amount of $1 and offers cash pickup as well as home delivery. However, World First offers no fees for transfers of $10,000 or more, while with WorldRemit the higher your transfer, the greater the transfer fees. WorldRemit also has a low maximum transfer cap of $9,000 in a 24-hour period.
Unlike World First, which has fees for transfers under $10,000, Currencies Direct offers no-fee transfers 90% of the time. It also has a lower minimum transfer amount of $100, compared to World First’s $1,000 minimum. Both companies don’t have a maximum transfer limit and offer competitive exchange rates, but only World First has a promise to beat any quote you get from another international transfer service.
In business for more than 30 years, Ria is a global monetary transfer network with more than 490,000 agent locations and is the third-largest international money transfer provider in the world.
Unlike World First, which has a high minimum transfer amount of $1,000, Ria offers a low minimum transfer amount of $1 and offers cash pickup and home delivery options. However, World First has no maximum transfer limit, while Ria has a maximum daily transfer cap of $2,999.99. Ria also doesn’t offer forward or limit orders the way that World First does.
In business for over 160 years, Western Union offers money transfers to 200+ countries and territories, with more than 500,000 agent locations worldwide. Western Union has a lower minimum transfer amount of $1, compared to World First’s $1,000 limit, and offers the ability for your recipient to pick up cash.
However, Western Union has weaker exchange rates that can be nearly 5% more than the mid-market rate and has high fees, whereas World First offers competitive exchange rates with no fees for transfers over $10,000. Moreover, World First has no maximum transfer cap, while Western Union has a low maximum transfer limit of $5,000.
The second-largest international money transfer service in the world, MoneyGram transfers currencies in over 200 countries and territories to more than 350,000 agent locations worldwide. Unlike World First, MoneyGram offers home delivery and cash pickup options with a low minimum transfer amount of $1, compared to World First’s $1,000 minimum. However, if you’re looking to transfer larger amounts of money, you can send up to 10,000 per month with MoneyGram .
OFX has no maximum transfer limit and both have high minimum transfer amounts of $1,000 per year — making both companies ideal for transferring larger amounts of money. While OFX offers no transfer fees at all, World First doesn’t offer no-fee transfers unless you’re sending $10,000 or more.
Xoom is a leading provider in the digital money transfer market that offers transfers to 57 countries around the world. Unlike World First, which has a high minimum transfer amount of $1,000, Xoom has a low minimum transfer amount of $10 and also offers cash pickup and home delivery options depending on where you’re sending your funds to. However, while World First offer no-fee transfers over $10,000, Xoom’s transfer fees vary depending on where you’re sending money to, the amount you’re sending and the method you choose to send the funds.
You likely know PayPal’s digital service for online purchases, but you may not know that it supports wireless overseas transfers. Its popularity around the world makes it possible to transfer up to 20 currencies across more than 200 countries.
Unlike World First, which has a high minimum transfer amount of $1,000, PayPal allows you to transfer as little as $1. However, while World First doesn’t have fees for transfers over $10,000, PayPal charges larger fees on the money you transfer.