WorldFirst Foreign Exchange Money Transfers
WorldFirst Foreign Exchange offers businesses and individuals a wide range of choices in money transfer services with safe transactions at competitive rates
Note: Transfers can take between one to two days.
Send over 20 currencies with WorldFirst
WorldFirst offers a range of popular and exotic currencies to suit a range of countries across the globe. These include:
What services does WorldFirst Foreign Exchange offer?
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. Here are some of WorldFirst’s specialised services for those with individual client accounts:
- Customer service
Get access to customer service on a variety of platforms and speak to a representative online, over the phone or through the iOS or Android app.
- Spot contracts
A spot contract allows investors to buy or sell a currency at today’s market rate. This is different from a forward contract, which settles the value of a currency transaction sometime in the future. If you are looking to make a single payment for an item purchased overseas, a spot contract is usually the best choice.
- Forward contracts
A forward contract sets the price for a foreign exchange transaction at a later date. Forward contracts are best used when transactions do not need to be settled immediately and you believe currency market conditions will be more favourable in the future. WorldFirst allows you to fix the price of a currency transaction up to two years in advance, helping to protect you against price volatility and negative surprises in changing market conditions.
Informative newsletters and rate alerts
Rate alerts – For non-experts, the currency market can sometimes appear difficult to understand and impossible to forecast. WorldFirst monitors these markets for their clients and can send alerts during times when favourable investment scenarios arise. Clients at WorldFirst can work closely with an investment advisor to assess your individual needs and determine market environments that are most conducive to meeting those goals.
Stay up to date – Getting a favourable exchange rate can make all the difference in a currency transaction. But it can be difficult to know when the market is ready to make its move. The team at WorldFirst publishes weekly market updates that is free for clients and offers access to concise information that will aid you in your future currency transactions. These weekly newsletters are most useful for investors that are looking to conduct spot transactions, rather than forward contracts far-off in the future.
How do WorldFirst Foreign Exchange Online Money Transfers work?
In the past, you had to physically walk into a bank in order to conduct foreign exchange transactions. Those days are long behind us, as WorldFirst offers online transactions enable you to monitor your accounts from a computer or mobile device. WorldFirst’s online systems enable you to manage all your foreign exchange transactions and payments 24/7.
WorldFirst Online is free of charge and allows clients to:
- Fix price rates and conduct currency transactions
- Manage payments and add/change beneficiaries
- Access live account statements
- Access updated economic research and monitor the latest market-moving events
Opening an account
Opening an account and WorldFirst is simple and free. It only takes a few minutes and carries no obligation for future transactions. To get started, click on the “Apply now” button on this page. You will be taken to the WorldFirst site where you can begin the application process by clicking on “Get started”.
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