Review: WorldFirst international money transfers

Enjoy competitive exchange rates and no transfer fees when you send large sums of money overseas with WorldFirst.

  • Good for large transfers and transparent margins on the exchange rate.
  • Not so great if you only want to send a small amount or pay by card.


Min. Transfer Amount

No limit

Max. Transfer Amount

1 day

Transfer Speed

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!


Min. Transfer AmountAUD 0
Max. Transfer AmountNo limit
Transfer MethodsOnline, Phone, Bank Account to Bank Account
Transfer Speed
Minimum transfer time
1 day


  • Competitive exchange rates
  • Same-day transfers for major currencies
  • Regular market updates available through email
  • No maximum transfer limit


  • Only accepts bank transfer
  • High minimum transfer limit
  • Some smaller currencies missing
  • No cash pick-up

Must read: WorldFirst has closed its private customer business

WorldFirst has discontinued its services for private customers until further notice. Money transfers services for business customers will remain unaffected.

WorldFirst exchange rates and fees

WorldFirst charges transactions fees for smaller amounts and adds a margin to the mid-market exchange rate. This means WorldFirst's exchange rate won't be as good as the one you can see on Google or the news.

On most popular currencies, WorldFirst guarantees that the margin will only be 0.6% on top of the exchange rate. The more you send, the lower it gets. This rate goes down to 0.4% for Finder customers.

For the other, less popular currencies, you won't pay more than about 1% on top of the exchange rate.

WorldFirst's fees in detail

In March 2021, WorldFirst introduced transaction fees for sending amounts less than $10k. Most popular currencies are available to purchase at these rates online, but for some, you'll need to contact WorldFirst by phone. These rates apply to personal, business and online seller customers.

Transfer amount (AUD)$0-$1,999$2,000-$9,999$10k+

Calculate how much sending money overseas would cost with WorldFirst by using our tool below. You can also check out the real-time exchange rate WorldFirst offers and if there are any additional fees.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
AUD 0 1 day AUD 0.00 0.716 USD
Better exchange rates for Finder customers.
WorldFirst sends 60+ currencies at competitive rates. If you find a better eligible quote, WorldFirst will beat it.
Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

Because WorldFirst takes a smaller margin than the major banks, it's typically able to offer better rates than a bank can. In fact, it claims its exchange rates are up to eight times better than the Big Four banks, and backs this up with the WorldFirst Price Promise.

WorldFirst's Price Promise

If you get a better quote from another international transfer service, WorldFirst will beat it. You just need to:

  • Register with WorldFirst.
  • Let WorldFirst know how much money you're looking to transfer and the rate you were quoted, including the time of day you received the quote.

Conditions do apply:

  • You must have an active trading account with another provider.
  • You must have the quote in writing or email to send to WorldFirst within three hours of receipt.
  • WorldFirst cannot give you a rate better than the rate at which they buy the currency.

Available currencies

WorldFirst offers money transfers to over 60 different currencies. You can check out the full list of the currencies above, but some of the more popular ones include:

  • EUR Euro
  • GBP British pound
  • INR Indian rupee
  • LKR Sri Lankan rupee
  • NZD New Zealand dollar
  • PHP Philippine peso
  • USD US dollar
  • VND Vietnamese dong

The minimum amount you can send to most of these currencies is $0. However, for some currencies like the Indonesian rupiah, Vietnamese dong and Nepalese rupee, the minimum goes up to $15,000.

What types of transfers can you make with WorldFirst?

WorldFirst offers four main transfer types to help you get the most out of your transaction.

  1. Spot contracts. Make a one-time transfer at the time of payment.
  2. Forward contracts. Lock in today's exchange rate and schedule a transfer now for up to two years later.
  3. Regular payments. Set up automated payments online or over the phone.
  4. Limit orders. Use these to execute a money transfer when your ideal exchange rate is met.

What payment methods does WorldFirst accept?

WorldFirst only accepts payments via bank transfer.

After you've booked your money transfer, you'll receive an email with WorldFirst's bank account details for you to transfer your money to. You can organise your money transfer with WorldFirst either over the phone or online.

How long does a transfer with WorldFirst take?

A number of factors affect the transfer time: the currency, what bank is used and the size of the transaction. If you're transferring to GBP, USD or EUR, the transfer is normally completed within the same day. With other currencies, you should allow one to four days for your money transfer to be completed.

Keep in mind that these times are from when WorldFirst receives your funds, so depending on how fast your bank processes money transfers.

Transfers typically takeClock icon for transfer speed

1 day

Is WorldFirst safe to use?

  • Security and regulation: WorldFirst is government regulated and holds its customers' funds separate from the company's own.
  • Established: 2004.
  • Number of customers: Over 400,000* globally.
  • Reviews: Feefo gives WorldFirst a score of 4.6* out of 5, based on over 485 reviews.
*According to WorldFirst and Feefo on 18 April 2019.

WorldFirst is regulated in Australia by ASIC (the Australian Securities and Investments Commission), which is the body that regulates finance companies to protect consumers. Part of ASIC's Client Money regulation means that WorldFirst has to keep its customers' funds separate from its own. This protects its users' money if the company runs into financial difficulties.

Two-factor authentication (2FA) allows you an extra layer of security. It requires you to use two types of verification when you're logging into your account. These are usually your password and a number either sent to you by text or generated by an authenticator.

How does WorldFirst make money?

WorldFirst makes its money off the spread, which is also known as the margin. You may have noticed that the exchange rate you see on Google or XE is different to the one being quoted to you. This is because a lot of money transfer companies and banks add on a small margin to the interbank rate to cover their own costs. In other words, it's the difference between the wholesale cost of the currency, and the rate WorldFirst offers to you.

This margin varies from company to company, so it's important to compare both the exchange rate the money transfer service is offering as well as their additional fees. WorldFirst's margin generally ranges between 0.15% and 1% per transfer, depending on market volatility and the specific currencies you're buying or selling.

How to register an account with WorldFirst

You can sign up for an account with WorldFirst online and, once you register and are verified the first time, it's quick and easy to make future transactions.

How do I make an international money transfer with WorldFirst?

  1. Log in and click 'make a transfer'. You'll find this button on the homescreen of your log-in page.
  2. Choose your currencies. You'll need to include the currency you hold and what you want to send, as well as the amount.
  3. Select your payment method. Even though you can only use a bank transfer in Australia, you can choose if the money is coming from a bank account under your name or not.
  4. Pick what date you want WorldFirst to make the transfer. It can either be for as soon as possible or at a later date.
  5. Review your transfer. Double-check the exchange rate is the one you want as this is the one you're locking in.
  6. Transfer the money to WorldFirst's bank account. You can find WorldFirst's bank account details in the confirmation email you're sent.
  7. WorldFirst sends your money transfer. You'll be able to track the transfer online and receive email updates during the process.

What is WorldFirst's background?

WorldFirst was launched in 2004 by two ex-Citibank colleagues in London. The pair wanted to use WorldFirst to make international money transfers cheaper and easier than what's normally offered by the banks. Although they now have offices in Hong Kong, Japan, the US, the Netherlands and Singapore, the Sydney office was the second non-UK one launched.

In a nutshell

  • Competitive rates. WorldFirst offers highly competitive, transparent exchange rates to customers that's usually not too far from the interbank rate.
  • Same-day transfers for major currencies. If you're transferring to USD, EUR and GBP, WorldFirst is able to deliver within a day.
  • Regular market updates. You can sign up for WorldFirst's rate alerts or weekly market updates.
  • No maximum limit. With no limit, you can transfer as much as you'd like in one go.
  • Only accepts bank transfer. You won't be able to use your credit card or debit card to pay for a money transfer.
  • High minimum transfer limit. WorldFirst won't process money transfers smaller than $0. For some currencies, this goes up to $15,000.
  • Some smaller currencies missing. WorldFirst has most of the major currencies covered, but not all of the smaller ones.
  • No cash pick-up. Transfers must be sent to your recipient’s bank account. You can check out other money transfer providers that offer cash pickup here.

How does WorldFirst compare to other providers?

Our table below shows you the exchange rate and fees of other money transfer specialists.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
GBP 0 1 - 2 days AUD 3.99 0.716 USD
Azimo sends money directly to a bank account or over 280,000 cash pick-up points. It also has fast transfers to 50+ countries. Go to site Show details
AUD 2,000 1 day AUD 0.00 0.714 USD
TorFX guarantees to match any competitor's exchange rate. Conditions apply.
TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
Go to site Show details
AUD 1 Within an hour AUD 0.00 0.714 USD
New customers get their first transaction for free with code FIRSTFREE. T&Cs apply.
Send money in minutes at competitive exchange rates with this Australian money transfer service.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.712 USD
Send guarantees to match any competitor’s exchange rate. T&Cs apply.
Send provides fee-free transfers via its 24/7 multi-currency payments platform with real-time quotes.
Go to site Show details
AUD 1 Within an hour AUD 0.00 0.716 USD
XE has fast transfers with low fees and a range of foreign currency tools. Go to site Show details
AUD 1 Within an hour AUD 3.99 0.716 USD
Use code Take10AUD to get $10 off when you spend $20. Valid till 31 January 2022. T&Cs apply.
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
Go to site Show details
AUD 1 1 - 2 days AUD 22.50 0.718 USD
Wise uses the mid-market rate and transparent fees to help you send money in 50+ currencies. Go to site Show details
AUD 200 1 - 2 days AUD 25.00 0.718 USD
Exclusive: Use code FINDER60 to get AUD 30 off your first two transfers. Valid for transfers over AUD 250 and till 31 January 2022. T&Cs apply.
Instarem offers simple transfers with a flat 0.5% transfer fee for most transfers.
Go to site Show details
AUD 1 1 day AUD 26.00 0.719 USD
Pay no fees on your first two transfers, up to $3,000.
SingX offers the real exchange rate every time you make a transfer and can help you send money across the world.
Go to site Show details
AUD 10 Within an hour AUD 2.99 0.714 USD
Special offers like free transfers and better exchange rates available for new customers.
Remitly has quick, affordable transfers around the world, with both express and economy options.
Go to site Show details
AUD 5 1 - 2 days EUR 3.00 0.714 USD
Special offer: New customers get unlimited fee-free transfers for their first 3 months. T&Cs apply.
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.
Back to top

Frequently asked questions

Does WorldFirst have an app?

Yes, the WorldFirst app is available from the Apple App Store and the Google Play store. It allows you to make transfers whenever and wherever is convenient. If you want to know more about money transfer apps, check out our guide on some of the most popular ones.

Can I send money for cash pickup through WorldFirst

No. WorldFirst transfers money to bank accounts only.

How long does it take to open an account with WorldFirst?

You can open an account online in minutes, with verification usually taking place within an hour. After setting up the account, you'll need to wait for a representative to contact you and finish verifying your identity. Read more about the registration process here.

Our review of WorldFirst's online seller product

Watch: Business and online payments during COVID-19

We spoke to WorldFirst's CEO Jeff Parker about the trends he's seen in business transfers since lockdown.

International Money Transfer Offers

Important Information*
Logo for Azimo International Money Transfers
Azimo International Money Transfers

Azimo sends money directly to a bank account or over 280,000 cash pick-up points. It also has fast transfers to 50+ countries.

Logo for TorFX International Money Transfers
TorFX International Money Transfers

TorFX guarantees to match any competitor's exchange rate. Conditions apply.
TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.

Logo for MasterRemit International Money Transfers
MasterRemit International Money Transfers

New customers get their first transaction for free with code FIRSTFREE. T&Cs apply.
Send money in minutes at competitive exchange rates with this Australian money transfer service.

Logo for OFX (Ozforex) International Money Transfers
OFX (Ozforex) International Money Transfers

$0 transfer fees for Finder customers.
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.

Ask an expert

To ask a question simply log in via your email or create an account.

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.


    Default Gravatar
    August 15, 2018

    Do you send money to Rwanda? From australia

      Default Gravatar
      August 15, 2018

      Hi Claudia,

      Thanks for leaving a question on Finder.

      Yes! You can send money to Rwanda from Australia using WorldFirst. To start the process of sending money, please click the “Go to site” button to be redirected to their website.


    Default Gravatar
    July 3, 2018

    wish to transfer $5,500 CDA funds to Nigeria. I do not use online banking. What options can I use to transfer funds other than Western Union. Can I use a Canadian credit card to transfer funds. What is the fee and how long does it take for the receiver to pickup funds.

      Default Gravatar
      July 5, 2018

      Hi Theresa,

      Thanks for your inquiry.

      You can definitely use your credit card to do a money transfer. Also, just a friendly reminder that when you use a credit card to transfer money, you may be charged a cash advance fee and conversion and transfer fees depending on your bank’s terms and conditions.

      The fees and transfer speed will depend on the transfer facility you will use. You may view our guide and compare money transfer providers and view your options on how to send money to Nigeria. Please ensure to read through the relevant product disclosure statement and terms and conditions to ensure that you got everything covered before you initiate a money transfer.

      Hope this helps.


    Default Gravatar
    September 27, 2017

    I have some Ghana cedis in Australia, how can I exchange them to oz dollars?

      Avatarfinder Customer Care
      September 28, 2017

      Hi Mark,

      Thanks for contacting Finder.

      There are different ways on how you can convert one currency to another. You may opt for either of the following: banks, international money transfer companies, foreign exchange kiosks, and post offices, and credit & debit cards.

      We have a panel that will help you compare exchange rates. Simply enter the required details and then click “Calculate.”

      I hope this helps.


    Default Gravatar
    May 31, 2017

    I would like to transfer funds from my Australian account to my Canadian account as fast as possible can you help?

      Avatarfinder Customer Care
      May 31, 2017

      Hi Josh,

      Thank you for your inquiry.

      You may want to check our guide about sending money to Canada, which can show you some available service providers who can help.

      I hope this information has helped.


    Default Gravatar
    November 21, 2016

    Im wanting to have send money to USA next May
    I’m I able to lock in the current exchange rate

      Avatarfinder Customer Care
      November 21, 2016

      Hi Greg,

      Thanks for your question.

      Yes you can utilise a forward contract for your money transfer.

      You can fix it up 2 years in advance.


Go to site