We’re lowering our fees to help your business go further
Our fees are dropping from 5 November 2024
At WorldFirst, we prioritise supporting your business growth through easy, fast and secure international payments. Our pricing has always been one of the most competitive in the market, taking into account market conditions and operational costs. Recently, we’ve listened to your feedback and identified new ways to reduce costs. As a result, we’re excited to announce that we’re lowering our fees to offer even more value on every transaction.
What’s changing
Starting 5 November 2024, you’ll benefit from a more competitive fee structure designed to help you get the most from your international transfers. The fees we charge are based on the sending and receiving currencies and aim to better align with your business needs.
New fee structure:
Local Payments (Non-Swift)
Sending Currency
Payee Destination
Old Fee
Valid until 4 November 2024
New Fee
Effective 5 November 2024
SGD
Singapore
USD 0.44
Free
USD
USA
EUR
Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Estonia, Finland, France, Germany, Greece, Hungary, Italy, Luxembourg, Latvia, Lithuania, Malta, Netherlands, United Kingdom
GBP
United Kingdom
CNH, HKD
Hong Kong
USD 10 -15
USD 1
MYR
Malaysia
THB
Thailand
AUD
Australia
NZD
New Zealand
VND
Vietnam
IDR
Indonesia
USD 5
PHP
Philippines
JPY
Japan
International Payments (Swift)
Sending Currency
Payee Destination
Old Fee
Valid until 4 November 2024
New Fee
Effective 5 November 2024
GBP
Outside of United Kingdom
EUR
Outside of Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Estonia, Finland, France, Germany, Greece, Hungary, Italy, Luxembourg, Latvia, Lithuania, Malta, Netherlands, United Kingdom
USD 10 -15
USD 5
JPY
Outside of Japan
Fees for all other currencies and destinations remain unchanged.
New fees applicable to Singapore entities only.
Example 1: From SGD currency account to SGD local bank account
Previous fee: USD 0.44
New fee: USD 0.00
Reduction: 100%
Example 2: From SGD currency account to GBP local bank account
Previous fee: USD 15.27
New fee: USD 5.00
Reduction: 67%
While we’re lowering our fees, the benefits you already enjoy will remain the same. It’s still free to receive payments and open accounts in 20+ currencies, free to pay or receive from other World Accounts, free to hold funds and there are no ongoing monthly costs.
Local Payments (Non-Swift)
Sending Currency
SGD, USD, EUR, GBP, CNH, HKD, MYR, THB, AUD, NZD, VND, IDR, PHP, JPY
Payee Destination
Singapore, USA, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Estonia, Finland, France, Germany, Greece, Hungary, Italy, Luxembourg, Latvia, Lithuania, Malta, Netherlands, United Kingdom, Hong Kong, Malaysia, Thailand, Australia, New Zealand, Vietnam ,Indonesia, Philippines, Japan
Old Fee
(Valid until 4 November 2024)
· For SGD is USD 0.44
· For USD, EUR, GBP, CNH, HKD, MYR, THB, AUD, NZD, VND, IDR, PHP, JPY is USD 10 – 15
New Fee
(Effective 5 November 2024)
· For SGD is FREE
· For USD, EUR, GBP, CNH,HKD, MYR, THB, AUD, NZD is USD 1
· For VND, IDR, PHP, JPY is USD 5
International Payments (Swift)
Sending Currency
GBP, EUR, JPY
Payee Destination
Outside of United Kingdom, Outside of Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Estonia, Finland, France, Germany, Greece, Hungary, Italy, Luxembourg, Latvia, Lithuania, Malta, Netherlands, United Kingdom, Outside of Japan
Old Fee
(Valid until 4 November 2024)
USD 10 – 15
New Fee
(Effective 5 November 2024)
USD 5
No action required
There’s nothing you need to do – these new fees will automatically take effect on 5 November 2024. We’re committed to providing a smooth transition and our customer service team, as well as your dedicated account manager, are here to help.
If you’d like to learn more about how these changes may impact your business, please don’t hesitate to get in touch. We’re always available to assist you with any questions or concerns.
