We've recently updated our terms & conditions. Please click here to download.

NEW - TRANSPARENT PRICING OF 0.50% OR LESS%*

Pricing, often called a spread or margin, is the difference between the rate we buy your currency and the rate we sell it to you. We will always be upfront about where your money goes.

Most banks and FX providers will not disclose their pricing/margin as it’s hidden in the exchange rate you receive as the customer. In many cases a fixed fee is also charged, so the true cost of your transfer is the fee + the margin taken by your provider.

^No fees charged for opening account, cross currency transactions, receiving funds or account management. Fees may apply for same currency transactions

Why more than 400,000 global customers choose WorldFirst for their international money transfers:

Money bag icon

Cheap

With no hidden fees, you can set-up an account for FREE and benefit from single rate, transparent tiered pricing with a value of up to 50% less than the competitors and 8 times cheaper than the banks.

fast icon

Fast

Built with intuitive same day account opening you can also make same day payments in 30 different currencies.

award winning icon

Convenient

Make transfers online 24/7 or over the phone via your dedicated currency specialist. Businesses can collect, hold and make foreign payments in local currency.

fast icon

Secure

Regulated by ASIC and fully licensed with trusted partners such as Citi Group and Barclays means you’ll know your money is safe with us.

Choose your currency transfer type:

personal transfers

Personal transfers

Buying a place abroad? Bringing home overseas income? Secure a competitive rate for now or a future date, online or by phone.

Find out more
Business transfers

For your business

Book spot & forward contracts, online or by phone. Open local currency accounts around the world, quickly and for free.

Find out more
Online sellers

Online seller transfers

Repatriate your international marketplace earnings with our local currency accounts in GBP, USD, EUR, CAD, JPY, AUD, SGD, NZD, HKD & CNH.

Find out more

World First Pty Ltd is a designated remittance provider with the Australian Transaction Reports and Analysis Centre (AUSTRAC), remittance sector registration number: IND100192523-001. Regulated by the Australian Securities and Investments Commission (ASIC), Australian Financial Services Licence (AFSL) number 331945. Australian Company Number (ACN) 132 368 971. Member of the Australian Financial Complaints Authority, membership number 13405.

If you’re considering making a foreign exchange transaction, or you’re a new or existing customer looking for more information, it’s important your read our PDS available online.

*0.50% or less applies to 25 of our major and most popular currencies.

Price match applies if it doesn't result in a loss for us, we'll match it.

Many banks and payment providers frequently claim to offer “fair” and “transparent” pricing, yet the reality is something very different. Our new pricing model aims to provide both new and existing customers with fair, simple and transparent pricing, using 3 clear FX margin bands margins (0.5%, 0.25% and 0.15%) with no hidden fees. With transparent pricing our customers and potential customers can clearly compare WorldFirst to our competitors.

How do we collect this data?

WorldFirst obtain price comparisons from other international payment providers’ websites, at specific dates and time using a third-party supplier. The comparison table shows the spread applied by the competition to transfer amounts of AUD 1,000, 10,000 and 50,000 into EUR, USD and GBP.

1. The spread

The spread is the percentage difference between the exchange rate we buy our currency at and the rate at which we sell it to our customers. We at WorldFirst take a smaller spread than most banks and other currency companies, and pass this benefit on to our clients, making all our transfers simpler and more transparent.

2. The cost of international payments

For each pricing band we look at the FX spread applied. This is what we use to compare against our fixed bands of (0.50%, 0.25% and 0.15%).

When researching and making comparisons it is important to know if any additional transaction charges will be applied such as payment fees or account management fees. For most customers WorldFirst does not apply additional fees to make payments or to maintain an account with us. If any fees are applicable these will be made clear to you in advance.

3. How do we work out a comparison up to 8 times cheaper than the banks

When we collect data from providers, we do it using different “amounts” such as $1,000, $10,000 and $50,000 where possible. For our data we have focused on the top currency pairs in Australia: GBP to USD/EUR/AUD. 8 times cheaper message is based on Australian banks. For New Zealand banks, WorldFirst are up to 4x cheaper.

Because the WorldFirst fixed pricing tiers are based on annual volumes transacted by our customers, we have averaged out the spreads applied by competitors to transactions of differing amounts in those tiers to calculate an average spread. We take our spreads and divide by the average spreads of the big 4 banks. This is important, because providers tend to offer better exchange rates and smaller transfer fees when a customer is moving larger sums of money.

What all this means for you

Other money-transfer providers may have variable spreads across different currencies, whilst WorldFirst now has fixed spreads, agreed ahead of time, making it easier to compare.