XE vs WorldFirst

Both beat the banks, but how do XE and WorldFirst compare against each other when it comes to exchange rates and fees?

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We compare the fees, exchange rates and speeds of popular online services, XE and WorldFirst, to see which could be a better option for you.

The fees and rates used in this comparison are accurate as of 12 March 2019.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
NZD 0 1 day NZD 0.00 0.657 USD
6,569
Send money in more than 60 currencies. Fee-free international money transfers with a global brand. Go to site Show details
NZD 2,000 2 days NZD 0.00 0.657 USD
6,569
Exclusive offer: $0 transfer fee and discounted exchange rates for your first trade only.
A higher exchange rate applies to non-finder customers. 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.

Which has lower fees?

XE

XE doesn’t charge transfer fees on international money transfers. However, XE highlights that there may be some third-party charges, such as financial institution fees. To find out, you need to check with the recipient bank.

WorldFirst

WorldFirst also doesn’t charge transfer fees.

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Winner: Tie

Both providers don’t charge fees. This means they make their money on the exchange rate mark-up, so it’s important to pay close attention to the rate you get quoted.

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

Let’s compare a transfer to Hong Kong dollars to see which provider puts more money in your receiver’s pocket. As both providers don’t charge fees, the key variable to compare is the exchange rate.

Sending $1,000 to Hong Kong

XE WorldFirst
Transfer fee $0 $0
Exchange rate NZD$1 = HKD$5.4748 NZD$1 = HKD$5.4738
Transfer speed Same day 1 day
Total Hong Kong dollars received HKD$5,474.8 HKD$5,473.75
Receiver gets HKD$1.05 more HKD$1.05 less

XE and WorldFirst are very similar, but XE gives you a slightly better exchange rate, resulting in an extra HKD$1.05 for the receiver.

Which offers better exchange rates?

XE

XE adds a margin to the mid-market exchange rate, normally between 0.4% and 1%. Make sure you confirm what the XE transfer exchange rate is prior to committing as it’s a different rate than what is shown on the currency converter tool (which shows the mid-market rates).

WorldFirst

WorldFirst also adds a margin to the mid-market exchange rate. It tends to average 1% above the mid-market rate.

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Winner: Tie

XE and WorldFirst offer very similar exchange rates. While XE offers a slightly better rate on Hong Kong dollars, WorldFirst tends to be marginally better as a whole. Both providers charge a relatively low range margin.

Which is faster?

XE

The biggest benefit of XE is that most transfers are made within the same day, if not the hour. XE will provide an estimate of the arrival date when you set up the transfer.

Some transactions may take longer as it’s dependent on the receiver details, but generally, XE provides a quick transfer service.

WorldFirst

WorldFirst transfer speed depends on a few things, particularly the currency you’re sending or buying, the bank and the amount.

Usually, pound sterling, US dollar or euro transfers are made the same day that WorldFirst receives your funds, clearing by the following day. However, with other currencies, it’s usually between one and four days.

If you need your funds to arrive by a certain date, WorldFirst recommends you call for advice on how to ensure your money arrives on time.

Trophy icon
Winner: XE

XE generally has faster transfer speeds across the board, offering same-day transfers in most cases.

General features

Payment methods Receiving options Max and min Transfer speeds Currencies
XE Bank transfer Bank account Minimum: $0

Maximum: $500,000

1 day 40+ currencies
WorldFirst Bank transfer Bank account Minimum: $2,000

Maximum: No limit

2 days 60+ currencies

XE

Once you’ve set up your account and provided the documentation needed, get a quote. You’ll need to tell XE how much you’re transferring and where the money is going.

If you’re happy with the quote, you send the payment and XE will complete the transfer. You can track your transfer on the website and XE will also keep you up to date via email and SMS.

WorldFirst

WorldFirst is an online transfer service, meaning you do everything online. Once you’ve set up your WorldFirst account, you provide all the transfer details – the recipient, how much you’re sending and your payment details.

After that, you finalise the transaction and WorldFirst will send your money.

Bottom line

XE and WorldFirst are very similar in terms of fees and exchanges rates; however, XE comes out on top in the end. XE offers faster transfer times and has a minimum transfer amount of $0, while WorldFirst’s minimum is $2,000.

However, it’s always worth checking both providers’ exchange rates for the currency you’re transferring, just in case.

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
NZD 250 1 day NZD 0.00 0.657 USD
6,569
SendFX guarantees to match any competitor's exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.
Go to site Show details
NZD 0 1 day NZD 0.00 0.657 USD
6,569
Send money in more than 60 currencies. Fee-free international money transfers with a global brand. Go to site Show details
NZD 2,000 2 days NZD 0.00 0.657 USD
6,569
Exclusive offer: $0 transfer fee and discounted exchange rates for your first trade only.
A higher exchange rate applies to non-finder customers. Send money in more than 130 currencies.
Go to site Show details
NZD 2,000 1 day NZD 0.00 0.657 USD
6,569
TorFX guarantee to beat any competitor's exchange rate for a transaction. Conditions apply. Go to site Show details
NZD 1 Within an hour NZD 3.99 0.656 USD
6,556
An online money transfer service with cash pickup, bank account to bank account and airtime transfers available. Go to site Show details
AUD 250 1 - 2 days NZD 15.00 0.657 USD
6,559
A higher exchange rate applies to non-finder customers. Send money in 45 currencies. No fee if you transfer over AUD$10,000. Go to site Show details
NZD 1 1 - 2 days NZD 80.00 0.659 USD
6,542
Make online transfers with transparent exchange rates, low fees and low minimum amounts. Go to site Show details
NZD 5 1 - 2 days EUR 3.00 0.654 USD
6,544
Special offer: Zero fees on your first 10 transfers.
Get bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Go to site Show details
NZD 10,000 1 - 2 days NZD 0.00 0.654 USD
6,542
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.
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