Regular International Payments Process
World First has made the currency exchange process as fast and as easy possible. There are just 3 steps from start to finish:
1. Open an Account with World First. This can usually be done within minutes of receiving your documents. It's free and there is
no obligation to transact with us.
2. Contact World First to discuss your currency requirements. You will be assigned an experienced personal consultant. They will work with you on every step of the transaction to help convert your currency - from your first call through to the completion of all payments. When you are ready to transact, we will agree an exchange rate with you and send you a Transaction Confirmation.
3. You can instruct your bank to make a standing order to us on a set day each month or we can set-up a direct debit. We'll then convert your funds each month and send the currency to your designated bank account. Your funds will arrive 1 to 4 days after we receive your money depending on which country you are in. Once you have set-up the standing order and booked your regular payments, the process is totally automated.
Please contact our Regular Transfers team on 020 7801 9080 to discuss your requirements.
Frequently Asked Questions:
Can I set-up a standing order from outside the country?
Most online and telephone banking systems now allow you to set-up a standing order online. If you are unable to set-up a standing order, we can take your funds by direct debit.
Can I pay weekly, bi-monthly or quarterly?
Yes - you can pay with any regularity up to quarterly but the minimum number of transfers is 6 (for weekly or monthly transfers) and 4 (for quarterly transfers).
Can I pay to more than one account?
Yes - but the charge of £10 is per outgoing payment. For payments to Europe, the first payment is free and subsequent payments within one transaction are £10.
I need to pay a fixed currency amount per month, how do I know how much to send you each month?
You will need to use Option 2 (see
Regular Transfer Options) and fix the rate in advance. You will then send us a set amount per month and we will send on a fixed currency amount.
How do I send my money to you?
You will need to do this by bank transfer, standing order or direct debit. This should ensure there are no charges (or minimal charges) for you to send your funds to us. We cannot accept cash, cheques or drafts for regular payments.
