4 July 2008
A Birmingham-based export company invoiced a French buyer for €75,000. Payment was due on the 23rd October 2006, They obtained an exchange rate from World First and then their bank to make a comparison.
| Retail Bank | World First | |
|---|---|---|
| Exchange Rate | 1.5124 | 1.4930 |
| Transfer Fee | £18 | £0 |
| Total Cost | £49,572 | £50,234 |
| Total Extra Recieved | £662 |
The significantly larger amount of sterling received compared to their bank meant they used World First for the transaction.
