World First is one of the most popular international money transfer services in the world. They combine low fees with a dedicated service to provide fast, value-for-money transfers.


When it comes to currency exchange, you have many options. A dedicated money transfer provider like World First is often a better choice than your bank or PayPal — you will get superior service, better exchange rates, and cheaper fees, meaning your money goes further.


How to Transfer Money Through World First


Learn More About WorldFirst

Go to Site


Create a World First Account

You need to be a customer of World First to use their services. You can easily apply for an World First account online and it shouldn’t take longer than ten minutes.

Here’s how to set one up.

  1. Register and fill in your personal details online.
  2. They will need your full name, date of birth, address, occupation, email and a contact number.
  3. In some cases you may need to provide additional verification details like proof of address or a passport.
  4. Your account will be created and ready to send money.


Understand How Much Money You’re Sending and Who You’re Sending It To

  1. Review your bank account and finances to understand how much you need to send.
  2. Work out what currency you are going to be transferring money into.
  3. Get the full name, address, and account number of the person or business you’re sending money to.
  4. Get the full bank name, address, and SWIFT BIC (Bank Identifier Code) or Branch Number (some countries accept this) of the recipient’s bank.
  5. Get the IBAN (for payments to Europe and selected other countries) or Routing Number (for payments to the US).
  6. Destination countries sometimes have extra information requirements for transferring funds. This information varies depending on the country you have chosen to transfer funds to.


Decide How You want to Make the Transfer

Here’s how to make a transfer through World First.


Online — Via their Online Money Transfer Service

  1. WorldFirst Online Money Transfer ServiceLog into World First’s online money transfer service here.
  2. Choose to send money internationally.
  3. Input all of the relevant details for the recipient and their bank.
  4. Fund your transfer via wire transfer.
  5. You’re done!


Call Them On +61 2 8298 4900

  1. Call their dedicated currency exchange call center.
  2. Tell them you want to send money internationally.
  3. Provide all of the relevant details for the recipient and their bank.
  4. Fund your transfer via wire transfer.
  5. You’re done!


How Long It Takes

Depending on the country you’re sending money to, and the currency that you’re exchanging into, funds are normally deposited into the recipient’s bank account either the same day or within 1 – 4 working days. This time can be extended slightly, depending on how long it takes World First to receive funds from you.


How Much It Costs

  • World First is fee free for all international money transfers
  • Receiving bank fees — International money transfers sent to or from an overseas bank may be subject to commissions, fees, and other charges applied by that bank. These are typically deducted by the overseas bank from the funds paid to the recipient.


Learn More About WorldFirst

Go to Site


*All details shown above are correct as of November 2017.


Advantages of Sending Money Internationally with World First

  • Setting up an account is quick and easy.
  • You can easily make transfers online.
  • Much better exchange rates than banks and PayPal.
  • Business users will get a dedicated account manager assigned to them.
  • You can make transfers online or over the phone.
  • Allows for bulk payments and other business features.
  • World First is fee free for all international payments.


Disadvantages of Sending Money Internationally with World First

  • The minimum transfer amount is $1,000 USD or more.
  • You can only fund your transfer via a domestic wire transfer, not credit or debit card.
  • You can’t pay via debit card, credit card, cash, or check.


Further Information on Sending Money Internationally with World First

View Currency Exchange Rates for World First

  • Rates for transferring funds internationally through World First are available through their rates page.
  • The currency exchange rate you will get does vary from moment to moment.
  • You will get the up-to-date, dynamic rate when you are booking your transfer.
  • World First will also send you rate alerts when you sign up for them.


Further World First Information from The Currency Shop

  • Dedicated account managers are available for business users to help them setup and execute transfers.
  • You can fix an exchange rate for some point in the future using a forward contract. They also allow businesses to use “firm orders” to exchange when rates reach a certain level.
  • World First lets businesses make bulk payments.
  • They provide automatic rate alerts, email updates, and currency / economic market news.
  • World First has apps available for both Apple and Android devices.
  • You can easily setup recurring, regular payments.
  • They provide specialized, dedicated services for online sellers.
  • They provide a price promise, and say they will beat any other provider’s rates.


World First Disclaimers

  • World First does not check payment details.
  • If payment details are incorrect it may result in an unsuccessful transfer or the wrong account receiving funds.


How World First can Save You Money Versus Your Bank

Save Money Using World First

You might wonder why you wouldn’t send money via your bank instead of a dedicated money transfer provider, and the answer is a simple one — cost. Currency exchange specialists like World First are able to give you better exchange rates and lower fees than banks, resulting in more for you and your recipient.


As an example, here’s how much you can save sending money via World First rather than a couple of popular Australian banks.

Converting $2,000 AUD to Japanese Yen

  • With World First, recipient gets 173,572 Yen.
  • With ANZ Bank, recipient gets 165,596 Yen — $90.98 AUD (4.6%) more expensive.
  • With Westpac, recipient gets 163,528 Yen — $114.57 AUD (5.8%) more expensive.


Converting $20,000 AUD to Japanese Yen

  • With World First, recipient gets 1,742,732 Yen.
  • With ANZ Bank, recipient gets 1,669,496 Yen — $835.42 AUD (4.2%) more expensive.
  • With Westpac, recipient gets 1,647,211 Yen — $1,089.64 AUD (5.5%) more expensive.


*All details shown above are correct as of November 2017.


This is why it always makes sense to check the best deal with our easy-to-use money transfer comparison tool.


And that’s it — everything you need to know about sending your money overseas using World First. Here at The Currency Shop, we want to give you the right information to save you money and help you make an informed choice for all your currency exchange needs.


The next time you need to send money internationally, check how you can save money using our money transfer comparison tool. If you’ve still got questions we’re here to help, so feel free to give us a call on 1800 004 930.


Learn More About WorldFirst

Go to Site


Recommended For You

The currency shop calculator

Currency Calculator: Australian Banks and Money Transfer Specialists

This calculator helps you compare exchange rates and fees of banks and money transfer specialists.


Cheaper ways to transfer money overseas

5 Cheaper Ways to Transfer Money Overseas

Using a bank is one of the easiest ways of sending money overseas but it is also the most costly. Here are 5 cheaper alternatives…


How to transfer money back to Australia

Transferring Money Back to Australia

Transferring money back to Australia isn’t easy. It can also be really expensive depending on what exchange rate you get. This articles compares the best ways of moving money back to Australia.


Helping You Save Money on Currency

Buying travel money or transferring money overseas can be expensive and confusing. So how do you make the best choice and get the most out of your money?

An easy way is to use a comparison table for either international money transfers or currency exchange. These tables list and compare the banks with other large foreign exchange companies.

We’ve also put together tons of helpful videosguides and reviews that will help you make the right decision. You can work out a cheaper way of converting currency while still keeping your money safe.