World First waives transfer fees on all transfers, regardless of the amount, for various currencies except US dollars. They charge a small flat fee of US$10 for a transfer amount less than US$10,000, but there’s no fee if the amount exceeds US$10,000.
For business customers, there may be fees that vary, depending on how much business you do with World First. For example, a fee from £0 to £15 per transfer applies to the UK business clients.
World First offers an extremely competitive exchange rate. Its markups range from 1.0% to 2.0% over mid-market rate, depending on currency and amount. The average markup on exchange rate tends to be 1.7%, which is better than some giants like Western Union. But if you continuously make transfers with World First, it will decrease its margin to 1.0% or lower.
In General, most transfers are completed within 1 to 4 business days.
The length of delivery time depends on currency and country. For example, if you send USD to Australia or New Zealand, it will take 1 day to arrive. For other currencies like XCD, it will take a longer time, up to 4 days.
World First also provides same day delivery for GBP, EUR and USD if it gets paid before noon.
World First provides full solutions for money transfers for personal, business and online sellers.
Although World First includes live foreign exchange rates on its website, which you can easily find on other places like xe or bloomberg, it doesn’t mean you can get the rates to trade. Like some of its competitors such as OFX, you will need to sign up for an account and log in to check the rate for your transfer. It’s not ideal for those who need to compare the rates in advance. If you want to know transfer fees, its FAQ’s page is very helpful.
The customer service World First offers is 24/7. You can get support either by phone or live chat, which located in the right, bottom corner of their page, as a floating button. There’s also a dedicated representative serving you for all your transactions after you register as a customer.
With World First, transfers become extremely convenient. You can deal with them online, or via their app 24/7.