How to get a discount on international money transfers using a World First promo code.
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What services does World First offer?
World First 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.
World First offers four tools to get the most out of your transfers:
- Spot contracts. Make a one-time transfer at the time of payment.
- Forward contracts. Lock in an ideal exchange rate and schedule a transfer now for up to three years later.
- Recurring payments. Schedule regular automated international payments to loved ones or businesses abroad.
- Limit orders. These market orders allow you to execute a money transfer when your ideal exchange rate is met.
How are World First’s exchange rates?
World First offers customers the opportunity to view live exchange rates and take advantage of rate graphs and economic commentary to better understand developments in the foreign exchange market.
Because World First takes a smaller margin than banks, it typically able to offer better rates than a bank can. In fact, it backs up its exchange rates with the World First Price Promise.
World First Money Review | Pros and Cons
Pros
- Promo offers. World First’s periodic promo codes include no fees for all international transfers among other discounts.
- Competitive exchange rates. World First backs up its exchange rates with its Price Promise, beating lower rates if you’re a registered user.
- Flexible options. Spot contracts, forward contracts and hedging options are available.
Cons
- Bank transfers only. You cannot make a payment with cash or a debit or credit card.
How can I get cheaper World First transfers?
World First’s fee structure is simple. You’ll pay $10 for transfers of up to $10,000 and no fee for higher amounts. Use a World First promo code to save more on international money transfer fees.
How does World First work?
The first step is to sign up for an account with your:
- Your full name and contact information, including an email address.
- Your country of residence.
- Date of birth and Social Security number.
- Proof of government-issued ID, like your driver’s license or passport.
- Details about your money transfer needs.
Once you have an account, you enter the details of your transaction, including how much money you’re sending, where you’re sending it and who will be receiving the funds. Provide your recipient’s bank account details and the currency you wish to send, and you will be presented with an exchange rate quote.
You can choose to send the money right away or lock in a rate for a future transaction. It’s then a matter of depositing funds with World First from your bank account, and the company will convert the money into your currency of choice and send it to your recipient.
What forms of payment does World First accept?
World First accepts bank account payments only.
