Xero Bank Feeds

The Xero Bank Feeds API was built to help Xero customers quickly and easily reconcile transactions in their account.

Once a customer signs-up to a Bank Feed and the transactions are in Xero, it makes it easier to keep track of the money coming in and going out of their business as well as removing the manual process of uploading CSV files.

Bank statements in Xero underpins a great account reconciliation experience, and is its most loved feature.

Currently over 100 banks worldwide have Bank Feeds and they are the most popular and widely used feature within Xero. You can find out more about this Xero feature on the Xero website.

A simple step-by-step guide on how to connect with Xero


Login to your WorldFirst account or if you don't have one sign up here.


Navigate to Settings and click Connected Accounts.

Then click Connect to Xero.

You will be directed to Xero to enter in your Xero credentials and organisation.

WorldFirst will only have access to the names of bank accounts in your Xero account.

Connect accounts


You will be redirected back to your WorldFirst account to choose which accounts you would like to set up in Xero.

If you have already set-up your WorldFirst account in Xero manually, you will be able to select this account from the dropdown. If not, you can choose for WorldFirst to create this account in Xero.

To avoid any duplication of transaction records, in both instances WorldFirst will not send through historical transactions.

All future transactions in your WorldFirst Account will be posted to Xero every hour.

Manage your accounts


If you want to post a new transaction at any time, go the Connected Accounts page and click Sync Now.


You can disconnect this transaction feed at any time by navigating to the Connected Accounts page in your WorldFirst Account and toggle the relevant account to disconnect.

Disconnect from Xero

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.

*Pricing from 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 margin applied by the competition to transfer amounts of AUD 1,000, 10,000 and 50,000 into EUR, USD and GBP.

1. The Margin

The margin 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 margin 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 margin 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.

Because the WorldFirst fixed pricing tiers are based on annual volumes transacted by our customers, we have averaged out the margins applied by competitors to transactions of differing amounts in those tiers to calculate an average margin. We take our margins and divide by the average margins 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 margins across different currencies, whilst WorldFirst now has fixed margins, agreed ahead of time, making it easier to compare.