Learn whether World First is a good option for making international money and currency transfers.
World First Screen
WorldFirst was launched in 2004 and promoted itself as providing fast and fair ways for people to move money across borders – a more competitive alternative to traditional big banks.

The founders, Jonathan Quin and Nick Robinson, originally set up in a basement flat in Stockwell, South London but today the company has 6 global offices, with two in the US, one in the UK, one in Australia, one in Hong Kong and one in Singapore.


What this article covers

We’re most interested in how safe World First is, how they work and when you should use them. In this article, we’ll explore:

 Pros and Cons

 Is World First a good option to transfer money overseas?

 World First fees and charges


Related Link: Click here to visit World First Logo



  • Simple registration and set up process
  • Easy online payment platform
  • If you are in business, they have very competitive terms


  • Minimum transfer amount. WorldFirst has a minimum transfer amount of $2000 – higher than many other money transfer specialists – a fact that can limit your options, if you don’t need to send a large amount of money.
  • They only have an office in Sydney


Related Video: 2018 WorldFirst Review



Is World First a good option to tranfer money overseas?

For Australian businesses still using their regular bank for international payments, choosing WorldFirst can deliver more competitive choice. They are also good for individuals that like to do everything online. 

The Currency Shop says:

  • World First has some of the best exchange rates in Australia for individuals who need to transfer money overseas.
  • Their online platform is easy to use
  • Use our comparison table to compare foreign exchange rates, fees and services of other providers.


Related Link: Click here to visit the World First website 



HiFX Screen


World First fees and charges


World First charge in 2 ways – a transfer fee plus an exchange rate margin

1. Transfer Fee   2. Exchange Rate Margin 
WorldFirst has a fee structure that is simple and transparent. For any private client who transfers any international payments over $10,000, the transaction is fee-free. For international payments under $10,000, the flat fee is $10 – around half the fee of most banks.

For smaller transactions between $250 and $1000, it’s recommended that the transfers are handled online. For transactions over $1,000, funds can be transferred via telephone or online.

WorldFirst.com.au feature a handy online calculator on their website to display the current interbank exchange rates. Unfortunately, this is not the rate you will receive. To secure that rate, you need to request a quote first.

Alternatively, you can click here and use our exchange rate comparison engine. You can see World First exchange rates and compare them to the Big 4 banks and other money transfer companies.


Visit World First to Learn More


Go to World First



Frequently asked questions (FAQs)

WorldFirst UK Limited is the parent company of WorldFirst in Australia. They hold all the necessary licences in Australia, the UK, US, Europe, Canada and Asia – peace of mind that they operate as a sound, compliant-focused company.

In Australia, World First is regulated by ASIC. Their Australian Financial Service Licence is 331945. Find more information here.

The WorldFirst website explains the process in three straightforward steps.

  1. Book a rate
  2. Send your money
  3. The funds are sent

As with most international funds transfer providers, it all begins with setting up an account and verifying it.

To choose the right account that suits your needs, it’s important to clarify whether you are signing up as a personal or business client, then provide your name and address details.

You also need to supply the bank details of where you need the money sent.

Next, enter the details of how much money you’re sending and where you’ll be sending it.

You’ll also need to provide the details of the person you’re sending money to and the currency you want to send.

WorldFirst lets you place transfers online, over the phone, or by using its Android or iOS app.

You can send your money to WorldFirst using 2 methods:

  • Online/Telephone Banking: This usually arrives the same day or the following morning.
  • For corporate clients sending AUD, WorldFirst can collect funds via Direct Debit but do note that the funds may take up to 3 working days to clear.

Whether you are a business or personal client, World First do not charge a fee for making an international money transfer with them.

World First does not accept credit card payments.

Currencies available to send overseas from WorldFirst include the US Dollar, Great British Pound, Euro, Australian Dollar, Canadian Dollar, Japanese Yen, Indian Rupee and Mexican Peso. Unfortunately, a full list of accepted currencies is not available on the company’s website, so to find out more, you have to contact WorldFirst.


Related Link: Click here to visit the World First website


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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.