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Disclaimer

*Pricing from 0.50% or less / as low as 0.15% or 0.10% applies to Majors: AUD,CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD. Contact us for all other currencies where we will provide competitive margins.

^Fees apply for same currency and some business transactions.

1. The spread

The spread is the percentage difference between the exchange rate we source 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 (0.5%, 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 3 times cheaper than the big 4 banks

'Up to 3x cheaper' messaging based on publicly available rates promoted on websites’ of DBS, UOB, OCBC, Citibank and Maybank, compared in the period between July and August 2018, on transfer volumes of under $50K and over $50k on currency pairs USD/SGD, GBP/SGD and AUD/SGD 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. 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.