Outstanding Value: WorldFirst

Canstar has researched and rated 19 overseas money transfer providers, with WorldFirst receiving a 5-Star rating for outstanding value. Find out more about WorldFirst

World first international money transfers

Transferring money overseas is a multi-billion dollar industry and for those who are transferring their hard-earned funds, finding an international money transfer provider that represents outstanding value is a must. In 2017 Canstar has researched and rated 19 overseas money transfer providers, with WorldFirst achieving a 5-Star rating.


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Who is WorldFirst

WorldFirst is a market-leading, award-winning, rapidly-growing international FinTech business. It employs more than 600 people, across 6 international offices, in Sydney, London, Amsterdam, Austin, Singapore and Hong Kong. WorldFirst launched in 2004 (in the UK) and opened their Australian office in 2009. This year alone, they have added 48,000 new customers.

Experts in international currencies and money transfer, WorldFirst combines specialist knowledge of foreign exchange markets and technological innovation to help individuals and businesses manage cross-border currency payments quickly, securely and transparently.

A specialist alternative to traditional banks’ generalist approach, WorldFirst has successfully exchanged more than AU$80 billion for over 100,000 individuals and businesses since 2004.

Starting with only 4 people, the Australian office has grown into a team of 45. Based in the Sydney CBD, WorldFirst help Australian individuals, businesses and online retailers get a better deal on their international money transfers.

WorldFirst is regulated in Australia by the Australian Securities and Investments Commission. AFS Licence number 331945. Australian company number (ACN) 132 368 971. You can access the ASIC website here.

What international money transfer features are offered?

Canstar’s 2016 audit of the money transfer features offered by WorldFirst, conducted in August and September 2016, uncovered the following online money transfer features offered by WorldFirst:

  • Zero fees
  • Transfers available by the following means:
    • Online
    • Mobile App
    • Phone
  • More than 100 Currencies available, including:
    • US Dollar
    • Hong Kong Dollar
    • Great Britain Pound
    • New Zealand Dollar
    • Japanese Yen
    • Singapore Dollar
    • Euro
    • Indian Rupee
    • Swiss Franc
  • Transfer limits:
    • Min – $2,000 ($1,000 for Phone transfer)
    • Max – Unlimited
  • Real-time exchange rates
  • Telephone helpline
United Arab Emirates Dirham (AED) Yes
Bangladesh Taka (BDT) available Yes
Bahrain Dinar (BHD) available Yes
Canadian Dollar (CAD) available Yes
Swiss Franc (CHF) available Yes
Chinese Yuan Renminbi (CNY) avail Yes
Czech Republic Koruna (CZK) avail Yes
Danish Krone (DKK) available Yes
Euro (EUR) available Yes
Fijian Dollar (FJD) available Yes
British Pound Sterling (GBP) avail Yes
Hong Kong Dollar (HKD) available Yes
Croatia Kruna (HRK) available Yes
Hungary Forint (HUF) available Yes
Indonesian Rupiah (IDR) available Yes
Israel Shekel (ILS) available Yes
India Rupee (INR) available Yes
Jordan Dinar (JOD) available Yes
Japanese Yen (JPY) available Yes
Kenya Shilling (KES) available Yes
Kuwait Dinar (KWD) available Yes
Sri Lanka Rupee (LKR) available Yes
Malta Lira (MTL) available Yes
Mauritius Reupee (MUR) available Yes
Mexico Peso (MXN) available Yes
Malaysian Ringgit (MYR) available Yes
Norwegian Krone (NOK) available Yes
New Zealand Dollar (NZD) available Yes
Oman Omani Rial (OMR) available Yes
Papua New Guinea Kina (PGK) avail Yes
Philippine Peso (PHP) available Yes
Pakistan Rupee (PKR) available Yes
Poland Zloty (PLN) available Yes
Qatar Rial (QAR) available Yes
Swedish Krona (SEK) available Yes
Singapore Dollar (SGD) available Yes
Thailand Baht (THB) available Yes
Tonga Paanga (TOP) available Yes
Turkey Lira (TRY) available Yes
US Dollar (USD) available Yes
South Korea (WON) available Yes
Samoa Tala (WST) available Yes
South African Rand (ZAR) available Yes
Source: Canstar. Audit was conducted in August & September 2016 with information advised by WorldFirst as being correct at that time. Please check current costs, features and offering on the WorldFirst website.

WorldFirst Canstar 5-Star rating

In Canstar’s 2016 ratings, WorldFirst has received very high scores for both price and features.

Their exchange rates across the currencies measured by Canstar were highly competitive, with their averages rates being better than the RBA official rate (from Reuters at 4pm) for 7 of 9 currencies. With no fees and the largest selection of currencies available for transfer (>100) of the 19 institutions researched by Canstar, they are worth adding to your shopping list!

Hot tip: A little bit of homework goes a long way when it comes to exchange rates and transfer fees, so you should compare your shortlist of institutions before picking one. Every institution costs something, but you can make sure that more of your money goes where it should – to your recipient, not your institution.

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