{"id":23978,"date":"2023-11-17T10:01:44","date_gmt":"2023-11-17T10:01:44","guid":{"rendered":"https:\/\/www.worldfirst.com\/uk\/?page_id=23978"},"modified":"2023-12-07T14:08:58","modified_gmt":"2023-12-07T14:08:58","slug":"faqs-transitioning-to-a-world-account","status":"publish","type":"page","link":"https:\/\/www.worldfirst.com\/uk\/faqs-transitioning-to-a-world-account\/","title":{"rendered":"FAQs: Transitioning to a World Account"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"23978\" class=\"elementor elementor-23978\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7d97b53 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7d97b53\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-cbcfc12\" data-id=\"cbcfc12\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-73f8c98 elementor-widget__width-initial elementor-widget elementor-widget-breadcrumbs\" data-id=\"73f8c98\" data-element_type=\"widget\" data-widget_type=\"breadcrumbs.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<link rel=\"stylesheet\" href=\"https:\/\/www.worldfirst.com\/app3\/plugins\/elementor-pro\/assets\/css\/widget-theme-elements.min.css?ver=1736731740\"><p id=\"breadcrumbs\"><span><span><a href=\"https:\/\/www.worldfirst.com\/uk\/\">Home<\/a><\/span><\/span><\/p>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f7b98ef elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f7b98ef\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6c1162c heading-title\" data-id=\"6c1162c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-eb9958e brands-partners elementor-widget__width-initial elementor-widget-tablet__width-initial elementor-widget elementor-widget-heading\" data-id=\"eb9958e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 15-07-2024 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h1 class=\"elementor-heading-title elementor-size-default\">Frequently asked questions<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4355877 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4355877\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c2e9025\" data-id=\"c2e9025\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-cd1ef09 elementor-widget elementor-widget-heading\" data-id=\"cd1ef09\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Transitioning to a World Account<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-785dd2e underline-remove-from-hyperlink elementor-widget elementor-widget-accordion\" data-id=\"785dd2e\" data-element_type=\"widget\" data-widget_type=\"accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 15-07-2024 *\/\n.elementor-accordion{text-align:start}.elementor-accordion .elementor-accordion-item{border:1px solid #d5d8dc}.elementor-accordion .elementor-accordion-item+.elementor-accordion-item{border-top:none}.elementor-accordion .elementor-tab-title{margin:0;padding:15px 20px;font-weight:700;line-height:1;cursor:pointer;outline:none}.elementor-accordion .elementor-tab-title .elementor-accordion-icon{display:inline-block;width:1.5em}.elementor-accordion .elementor-tab-title .elementor-accordion-icon svg{width:1em;height:1em}.elementor-accordion .elementor-tab-title .elementor-accordion-icon.elementor-accordion-icon-right{float:right;text-align:right}.elementor-accordion .elementor-tab-title .elementor-accordion-icon.elementor-accordion-icon-left{float:left;text-align:left}.elementor-accordion .elementor-tab-title .elementor-accordion-icon .elementor-accordion-icon-closed{display:block}.elementor-accordion .elementor-tab-title .elementor-accordion-icon .elementor-accordion-icon-opened,.elementor-accordion .elementor-tab-title.elementor-active .elementor-accordion-icon-closed{display:none}.elementor-accordion .elementor-tab-title.elementor-active .elementor-accordion-icon-opened{display:block}.elementor-accordion .elementor-tab-content{display:none;padding:15px 20px;border-top:1px solid #d5d8dc}@media (max-width:767px){.elementor-accordion .elementor-tab-title{padding:12px 15px}.elementor-accordion .elementor-tab-title .elementor-accordion-icon{width:1.2em}.elementor-accordion .elementor-tab-content{padding:7px 15px}}.e-con-inner>.elementor-widget-accordion,.e-con>.elementor-widget-accordion{width:var(--container-widget-width);--flex-grow:var(--container-widget-flex-grow)}<\/style>\t\t<div class=\"elementor-accordion\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<h4 id=\"elementor-tab-title-1261\" class=\"elementor-tab-title\" data-tab=\"1\" role=\"button\" aria-controls=\"elementor-tab-content-1261\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">I have just received the email from Currencies Direct and I want to go ahead and register with WorldFirst. How should I proceed?<\/a>\n\t\t\t\t\t<\/h4>\n\t\t\t\t\t<div id=\"elementor-tab-content-1261\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"region\" aria-labelledby=\"elementor-tab-title-1261\"><p>To register with WorldFirst, please click on the\u00a0<a href=\"https:\/\/portal.worldfirst.com\/register?region=GB\" rel=\"noopener\">\u2018Sign up now\u2019<\/a>\u00a0button above.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<h4 id=\"elementor-tab-title-1262\" class=\"elementor-tab-title\" data-tab=\"2\" role=\"button\" aria-controls=\"elementor-tab-content-1262\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">I don\u2019t know much about WorldFirst, how do I know that my money is safe?<\/a>\n\t\t\t\t\t<\/h4>\n\t\t\t\t\t<div id=\"elementor-tab-content-1262\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"2\" role=\"region\" aria-labelledby=\"elementor-tab-title-1262\"><p>At WorldFirst, we don&#8217;t lend or combine your money. All customer funds are kept in separate accounts and only held with Tier 1 banks. This means your money is safeguarded in line with regulatory requirements.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<h4 id=\"elementor-tab-title-1263\" class=\"elementor-tab-title\" data-tab=\"3\" role=\"button\" aria-controls=\"elementor-tab-content-1263\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">I gave Currencies Direct permission to share my data, do I still need to register with WorldFirst?<\/a>\n\t\t\t\t\t<\/h4>\n\t\t\t\t\t<div id=\"elementor-tab-content-1263\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"3\" role=\"region\" aria-labelledby=\"elementor-tab-title-1263\"><p>Yes, WorldFirst needs to perform its own due diligence on your account as it is regulated. Even if Currencies Direct has shared your data, you&#8217;ll still need to register for a World Account.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<h4 id=\"elementor-tab-title-1264\" class=\"elementor-tab-title\" data-tab=\"4\" role=\"button\" aria-controls=\"elementor-tab-content-1264\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">How long will it take to get my WorldFirst account ready?<\/a>\n\t\t\t\t\t<\/h4>\n\t\t\t\t\t<div id=\"elementor-tab-content-1264\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"4\" role=\"region\" aria-labelledby=\"elementor-tab-title-1264\"><p>Once you sign-up for your account and have completed the relevant checks, you will be able to use your account straight away.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<h4 id=\"elementor-tab-title-1265\" class=\"elementor-tab-title\" data-tab=\"5\" role=\"button\" aria-controls=\"elementor-tab-content-1265\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Can I withdraw from my WorldFirst account to my bank?<\/a>\n\t\t\t\t\t<\/h4>\n\t\t\t\t\t<div id=\"elementor-tab-content-1265\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"5\" role=\"region\" aria-labelledby=\"elementor-tab-title-1265\"><p>Yes, you can withdraw to your personal or business bank account as soon as you have added your own account as a payee.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<h4 id=\"elementor-tab-title-1266\" class=\"elementor-tab-title\" data-tab=\"6\" role=\"button\" aria-controls=\"elementor-tab-content-1266\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Will WorldFirst automatically convert my Amazon funds to GBP?<\/a>\n\t\t\t\t\t<\/h4>\n\t\t\t\t\t<div id=\"elementor-tab-content-1266\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"6\" role=\"region\" aria-labelledby=\"elementor-tab-title-1266\"><p>As a customer of WorldFirst, you&#8217;ll have to connect your Amazon account to your local bank account. If you&#8217;re selling on Amazon UK, you would link it to your GBP account. Similarly, if you sell on Amazon EU, you would link it to your EUR account. This way, any money you make gets deposited directly into your local account. Funds are deposited locally without any FX conversion charge to you.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<h4 id=\"elementor-tab-title-1267\" class=\"elementor-tab-title\" data-tab=\"7\" role=\"button\" aria-controls=\"elementor-tab-content-1267\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">I had an account with you, do I need to re-register?<\/a>\n\t\t\t\t\t<\/h4>\n\t\t\t\t\t<div id=\"elementor-tab-content-1267\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"7\" role=\"region\" aria-labelledby=\"elementor-tab-title-1267\"><p>If you had\/have an account with us at WorldFirst, we will need to check if you just need to provide additional information to unlock your account or if you need to re-register. Please contact customer services on 020 7801 1065.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<h4 id=\"elementor-tab-title-1268\" class=\"elementor-tab-title\" data-tab=\"8\" role=\"button\" aria-controls=\"elementor-tab-content-1268\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Do you provide all the services Currencies Direct offer?<\/a>\n\t\t\t\t\t<\/h4>\n\t\t\t\t\t<div id=\"elementor-tab-content-1268\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"8\" role=\"region\" aria-labelledby=\"elementor-tab-title-1268\"><p>We offer all the same functionality and more compared to Currencies Direct except for Options and a Mobile App. Below are some points that we want to highlight about a World Account.<\/p><ul><li><em><strong>Recurring payments &#8211;<\/strong>\u00a0Set up direct debits for ongoing payments including business taxes, marketplace fees and office costs.<\/em><\/li><li><em><strong>Pay into China &#8211;<\/strong>\u00a0Build trust with suppliers and get your goods faster with instant and free payments to Chinese sellers who have a World Account.<\/em><\/li><li><em><strong>Bulk payments &#8211;<\/strong>\u00a0Simplify your payment process and reduce administrative burdens by paying multiple payees at the same price and speed as individual transfers.<\/em><\/li><li><em><strong>Currency exchange lock &#8211;<\/strong>\u00a0Protect your business against unexpected exchange rate fluctuation.<\/em><\/li><li><em><strong>Local currency accounts &#8211;<\/strong>\u00a0Avoid paying extra conversion fees by collecting sales revenue in 10 local currencies.<\/em><\/li><li><em><strong>Marketplace access &#8211;<\/strong>\u00a0As an Amazon-approved payment service provider (PSP), you can go global and sell to over 100 marketplaces, and receive payments without the need for a physical local presence.<\/em><\/li><li><em><strong>Portfolio view of balances &#8211;<\/strong>\u00a0Simplify financial tracking with a combined view of all accounts and sub-accounts.<\/em><\/li><li><em><strong>Account integrations &#8211;<\/strong>\u00a0Reconcile transaction data with your ERP in real-time for reporting and to give you an accurate picture of your finances.<\/em><\/li><li><em><strong>Manage Users &#8211;<\/strong>\u00a0Prevent unauthorised payments and the addition of new payees by assigning multiple levels of admin authority within your organisation.<\/em><\/li><\/ul><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<h4 id=\"elementor-tab-title-1269\" class=\"elementor-tab-title\" data-tab=\"9\" role=\"button\" aria-controls=\"elementor-tab-content-1269\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Can I get a demo of the WorldFirst platform before I register?<\/a>\n\t\t\t\t\t<\/h4>\n\t\t\t\t\t<div id=\"elementor-tab-content-1269\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"9\" role=\"region\" aria-labelledby=\"elementor-tab-title-1269\"><p>We\u2019ll be happy to set up a demo for you with one of our sales team members.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<h4 id=\"elementor-tab-title-12610\" class=\"elementor-tab-title\" data-tab=\"10\" role=\"button\" aria-controls=\"elementor-tab-content-12610\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Will I get a designated account manager?<\/a>\n\t\t\t\t\t<\/h4>\n\t\t\t\t\t<div id=\"elementor-tab-content-12610\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"10\" role=\"region\" aria-labelledby=\"elementor-tab-title-12610\"><p>Yes, if you meet our criteria, you will be assigned with a dedicated Relationship Manager. If you do not qualify for a Relationship Manager, our support team is always available to support.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<h4 id=\"elementor-tab-title-12611\" class=\"elementor-tab-title\" data-tab=\"11\" role=\"button\" aria-controls=\"elementor-tab-content-12611\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Are there any costs or fees for opening an account?<\/a>\n\t\t\t\t\t<\/h4>\n\t\t\t\t\t<div id=\"elementor-tab-content-12611\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"11\" role=\"region\" aria-labelledby=\"elementor-tab-title-12611\"><p>You can set up a World Account online for free in minutes, with no hidden fees or subscription charges. For details of our fees please visit our\u00a0<a href=\"https:\/\/www.worldfirst.com\/uk\/pricing\/\" rel=\"noopener\">fees page<\/a>.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"I have just received the email from Currencies Direct and I want to go ahead and register with WorldFirst. How should I proceed?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p>To register with WorldFirst, please click on the\\u00a0<a href=\\\"https:\\\/\\\/portal.worldfirst.com\\\/register?region=GB\\\" rel=\\\"noopener\\\">\\u2018Sign up now\\u2019<\\\/a>\\u00a0button above.<\\\/p>\"}},{\"@type\":\"Question\",\"name\":\"I don\\u2019t know much about WorldFirst, how do I know that my money is safe?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p>At WorldFirst, we don&#8217;t lend or combine your money. All customer funds are kept in separate accounts and only held with Tier 1 banks. This means your money is safeguarded in line with regulatory requirements.<\\\/p>\"}},{\"@type\":\"Question\",\"name\":\"I gave Currencies Direct permission to share my data, do I still need to register with WorldFirst?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p>Yes, WorldFirst needs to perform its own due diligence on your account as it is regulated. Even if Currencies Direct has shared your data, you&#8217;ll still need to register for a World Account.<\\\/p>\"}},{\"@type\":\"Question\",\"name\":\"How long will it take to get my WorldFirst account ready?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p>Once you sign-up for your account and have completed the relevant checks, you will be able to use your account straight away.<\\\/p>\"}},{\"@type\":\"Question\",\"name\":\"Can I withdraw from my WorldFirst account to my bank?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p>Yes, you can withdraw to your personal or business bank account as soon as you have added your own account as a payee.<\\\/p>\"}},{\"@type\":\"Question\",\"name\":\"Will WorldFirst automatically convert my Amazon funds to GBP?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p>As a customer of WorldFirst, you&#8217;ll have to connect your Amazon account to your local bank account. If you&#8217;re selling on Amazon UK, you would link it to your GBP account. Similarly, if you sell on Amazon EU, you would link it to your EUR account. This way, any money you make gets deposited directly into your local account. Funds are deposited locally without any FX conversion charge to you.<\\\/p>\"}},{\"@type\":\"Question\",\"name\":\"I had an account with you, do I need to re-register?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p>If you had\\\/have an account with us at WorldFirst, we will need to check if you just need to provide additional information to unlock your account or if you need to re-register. Please contact customer services on 020 7801 1065.<\\\/p>\"}},{\"@type\":\"Question\",\"name\":\"Do you provide all the services Currencies Direct offer?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p>We offer all the same functionality and more compared to Currencies Direct except for Options and a Mobile App. Below are some points that we want to highlight about a World Account.<\\\/p><ul><li><em><strong>Recurring payments &#8211;<\\\/strong>\\u00a0Set up direct debits for ongoing payments including business taxes, marketplace fees and office costs.<\\\/em><\\\/li><li><em><strong>Pay into China &#8211;<\\\/strong>\\u00a0Build trust with suppliers and get your goods faster with instant and free payments to Chinese sellers who have a World Account.<\\\/em><\\\/li><li><em><strong>Bulk payments &#8211;<\\\/strong>\\u00a0Simplify your payment process and reduce administrative burdens by paying multiple payees at the same price and speed as individual transfers.<\\\/em><\\\/li><li><em><strong>Currency exchange lock &#8211;<\\\/strong>\\u00a0Protect your business against unexpected exchange rate fluctuation.<\\\/em><\\\/li><li><em><strong>Local currency accounts &#8211;<\\\/strong>\\u00a0Avoid paying extra conversion fees by collecting sales revenue in 10 local currencies.<\\\/em><\\\/li><li><em><strong>Marketplace access &#8211;<\\\/strong>\\u00a0As an Amazon-approved payment service provider (PSP), you can go global and sell to over 100 marketplaces, and receive payments without the need for a physical local presence.<\\\/em><\\\/li><li><em><strong>Portfolio view of balances &#8211;<\\\/strong>\\u00a0Simplify financial tracking with a combined view of all accounts and sub-accounts.<\\\/em><\\\/li><li><em><strong>Account integrations &#8211;<\\\/strong>\\u00a0Reconcile transaction data with your ERP in real-time for reporting and to give you an accurate picture of your finances.<\\\/em><\\\/li><li><em><strong>Manage Users &#8211;<\\\/strong>\\u00a0Prevent unauthorised payments and the addition of new payees by assigning multiple levels of admin authority within your organisation.<\\\/em><\\\/li><\\\/ul>\"}},{\"@type\":\"Question\",\"name\":\"Can I get a demo of the WorldFirst platform before I register?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p>We\\u2019ll be happy to set up a demo for you with one of our sales team members.<\\\/p>\"}},{\"@type\":\"Question\",\"name\":\"Will I get a designated account manager?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p>Yes, if you meet our criteria, you will be assigned with a dedicated Relationship Manager. If you do not qualify for a Relationship Manager, our support team is always available to support.<\\\/p>\"}},{\"@type\":\"Question\",\"name\":\"Are there any costs or fees for opening an account?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p>You can set up a World Account online for free in minutes, with no hidden fees or subscription charges. For details of our fees please visit our\\u00a0<a href=\\\"https:\\\/\\\/www.worldfirst.com\\\/uk\\\/pricing\\\/\\\" rel=\\\"noopener\\\">fees page<\\\/a>.<\\\/p>\"}}]}<\/script>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Frequently asked questions Transitioning to a World Account I have just received the email from Currencies Direct and I want to go ahead and register with WorldFirst. How should I proceed? To register with WorldFirst, please click on the\u00a0\u2018Sign up now\u2019\u00a0button above. I don\u2019t know much about WorldFirst, how do I know that my money [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.2 (Yoast SEO v24.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>FAQs: Transitioning to a World Account | WorldFirst UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.worldfirst.com\/uk\/faqs-transitioning-to-a-world-account\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FAQs: Transitioning to a World Account\" \/>\n<meta property=\"og:description\" content=\"Frequently asked questions Transitioning to a World Account I have just received the email from Currencies Direct and I want to go ahead and register with WorldFirst. 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