World First doesn’t charge any fees when a customer outside the US makes a personal transfer. However, it charges a small flat fee of $10 when a US customer transfers less than $10,000. This fee can be waived once the amount exceeds $10,000.
Exchange rate markups are better than some big players like Western Union and MoneyGram, although they are still higher than other small providers. The average markups range between 1.7% and 1.8%, and tend to decrease slightly for larger sum transfers.
The only inconvenient side is the large minimum transfer amount, which varies depending on country. For example: 1,000 USD for the US, 2,000 AUD for Australia, and 10,000 HKD for Hong Kong…
Read our full World First review