Since the Coronavirus outbreak, WorldFirst has closely monitored the global situation. Our priority is to ensure continuity of service for our customers while taking appropriate measures to protect our employees.

Given the increase in UK cases, we have now encouraged employees to work remotely. They are able to operate normally using well-tested systems, and our teams are committed to ensure customer service is not impacted, but if there’s any delay in your calls or emails being answered please bear with us.

Extended payment windows so you can move money faster

World Account has improved the process for same-currency and cross-currency payments. This means you can now make same-day payments across more currencies with later cut-off times.

What currencies does this apply to?

Available across 12 of our most popular currencies including GBP, EUR, USD, AUD^, CAD, JPY^, NZD^, SGD^, CHF, HKD, CZK, PLN.

Examples of same-day currency pairs include, but are not limited to GBP-USD, GBP-EUR, EUR-USD. Every country and currency are different so cut off times do apply.

How could faster payments benefit you?

competitive icon

Competitive

We now offer more competitive payment cut-off times and value dates to our customers for international payments and transfers.

faster icon

Faster

Faster same-currency and cross-currency payments are available through our World Account as well as our WorldFirst Payments Account.

efficient icon

Efficient

Send and receive payments with greater speed and efficiency enabling better cash management. This facilitates more predictable budgeting, tracking, flexible spending, and investing.

risk icon

Reduce risk

Faster payments can expediate payment initiation, clearing and settlement. This can also reduce risk as it shortens the delay between these actions.

grow icon

Grow

Extend your reach to Asia with same day USD & HKD payments to any Hong Kong based currency account to release your shipments sooner.

save time icon

Save time

Make same-day payments – up to 1 day faster than before.

relationship icon

Strong relationships

WorldFirst have forged strong relationships with Tier 1 banks.

secure icon

Secure payments

Secure payments available online and via the phone. Please speak to one of our dedicated account managers for more information.

HKD-USD – opening payment channels and extending reach

We’re delighted to announce the launch of our new same-day service for HKD & USD payments and collection service to help expand your business into Hong Kong.

Hong Kong is a rapidly growing market and one of the 10 strongest economies in the world. Our new improved service allows you to make payments to Hong Kong based accounts 1 day faster than before, but at the same great rates you enjoy now.

So, what’s new?

If you have a USD or HKD currency account you can now:

✔ Send same-day payments to any Hong Kong based currency account to release your shipments sooner

✔ Make same-day same currency payments to beneficiaries with a HKD bank account

Hong Kong skyline

What are payment cut-off times?

Cut-off times refer to the time by which a transaction needs be initiated for it to be executed on the same-day*. The payment window has been extended increasing same-day availability times from 1-3 hours to up to one working day for the majority of payments.

^Cut-off times are influenced by various factors including time zone of the recipient bank, method of payment and currencies involved amongst other factors. For example, when making a GBPAUD payment by the time you make your payment in the UK, Australian banks are already closed. So please remember to factor in cut-off times when you are making your transfer.

Cut-off times are in quoted local London time and correct as of 1 June 2020. Should you have any questions please contact your account manager.

* View cut-off times to see if your desired currency is eligible for same-day payments

Cross-currency payments cut-off times

The following table summarises payment cut-off times when making same cross-currency payments through World Account or WorldFirst Account. The full list of currency pairs can be found in our payment cut-off times pdf.

CCY Pair NEW Cut-Off Time
GBPEUR 15:30
GBPUSD 15:50
EURUSD 15:00
GBPAUD 03:00
GBPCAD 15:50
GBPCHF 12:00
GBPHKD 07:20
GBPJPY 03:00
GBPPLN 10:00
GBPZAR 12:00
Open an account