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That's an easy answer: We don't charge fees when you make a personal transfer with us for over $10,000. For personal transfers under $10,000 we charge $10.

For our business clients though, there are fees but we agree to a fee structure that reflects how much business we do together.

And there are no fees if you’re an online seller transferring funds back to domestic accounts.

Sometimes the banks in the middle and at the end will take a charge, so it seems that not all the money has been sent but we try our best to make sure all your money gets to where it needs to by covering correspondent and receiving charges where we can.

If you want to open an account for personal use you can do it over the phone or online. Over the phone shouldn't take longer than 10 minutes. It's super-fast to open an account online too - we can usually get you up and running within an hour (we'll need to verify your identity).

Business clients and online sellers can open an account online and our team will get you sorted out as fast as they can.

You can transact any amount over $1000 (or equivalent in other currencies).
Ensuring the safety and security of your money is central to our business.

We are incorporated in the USA (Delaware State Division of Corporations) and are registered as a Money Services Business in the United States with FinCEN and are registered as a non-depository financial institution with the National Mortgage Licensing System. We are required to hold sufficient capital to protect our business and further safeguard our customers. We maintain high levels of capital and have a 3A2 credit rating from Dun and Bradstreet. If you'd like a bank reference for us please give us a call, we'd be happy to oblige. You can find out more about where the companies under the World First Group are registered and regulated here.

You'll find full information on our security page, where you can also download our audited financial statements.

We always try to quote you a better rate than your bank and if you're quoted a better rate, we'll match it – we've even got a promise (find out more here). Savings are usually from 0.25% up to 4% of the amount being transferred. We only charge a $10 fee when you are transferring less than $10,000 for personal transfers and we try to cover third party fees where we can (i.e. the fees from the banks who handle the transfer along the way).
The rate you usually see on online currency converters is the Interbank Rate. This is the rate that banks and large financial institutions use to trade with each other. It is not the same as the rate they offer you. They quote you a different rate and that's where they make their money. This is known as the spread, or the margin. We make our money by taking a smaller margin and passing that saving on to you.
Yes, you can lock in a rate now for a date up to 3 years in the future. This is often called a forward contract. You might need to pay an initial deposit and then the balance will be due at the end of the contract. If the rates move against you may need to top up the deposit. Your account manager will explain and discuss this with you before you book your forward. This can be ideal if you want to know exactly how much you'll get when you come to make your transfer.
If you're unhappy with any aspect of your transaction with us, please contact your relationship manager. Your complaint will always be investigated and you'll receive a formal response. We appreciate all feedback, both positive and negative, as it helps us tailor our services to your requirements. For more information on our Complaints Procedure, click here.
If your details have changed please email updates@worldfirst.com with your account number and your new information. Just so you know, if you've moved you may need to provide proof of your new address.
This depends on a couple of things, including the currency you're sending or buying, the bank used and the size of the transaction.

If it's sterling, US dollars or euros then we'll usually make a same-day payment when we receive your cleared funds. The payment will arrive fully cleared with your bank the same day though they may not credit your account until the next business day.

With other currencies, we send your payment out on the date agreed but you'll need to allow one to four days for your funds to reach the recipient. The length of time depends on the currency. For example for Swedish kroner, it will be 1 day; for East Caribbean Dollars it could be 4 days. Transfers to Australia and New Zealand will usually clear within 24 hours.

If you're sending USD to another country (not the US) then you should allow up to 4 days for it to clear.

If you need funds to arrive by a particular date please call us for advice and accurate information for the country you are sending funds to.

In rare circumstances delays may occur. World First will do everything reasonably possible to ensure that funds arrive on time but is not liable for delays caused by intermediary or receiving banks.

Yes we can receive funds from an account in a different name to yours, but due to Anti Money Laundering regulations we will need to verify the source. Please contact us for more details.
We are a member of SWIFT network (Society for Worldwide Interbank Financial Telecommunication) - the main system used throughout the financial world to make payments securely with speed, certainty and confidence. Once we've received your cleared funds we pay the account(s) on the agreed date. We'll send you confirmation in a PDF to let you know everything has gone through.

Please note that the funds will arrive in the beneficiary's account from World First, rather than your name. There will be a reference which starts with WFPAY followed by a sequence of numbers.

  • Europe - IBAN and SWIFT
  • Canada - SWIFT and Transit code
  • Australia - SWIFT or BSB code
  • New Zealand - 6 digit bank code and SWIFT
  • USA - ABA routing number or SWIFT
  • UK - account number and sort code or SWIFT and IBAN
  • India - SWIFT and IFSC number, reason for transfer
  • China - SWIFT
  • Mexico - Clabe no. and SWIFT

Please call us for information on other countries.

Once you've booked your trade, you'll receive an email confirmation which includes our client bank account details. It'll also tell you when you need to send the money to us by.

When you book your trade, you will be given a 'funds in' date based on the method you chose for sending funds to us. You need to make sure that your funds are with us and cleared by that date.

For your first personal transfer with us, we ask you send us your money by wire transfer. For subsequent transfers we are able to receive funds via ACH Direct Debit. For personal transfers, there’s an initial transaction limit of $25,000, and $50,000 for transfers thereafter. For business transfers you can send us your money by wire transfer or ACH direct debit. Please speak to your account manager who will help get this set up for you.

We can only send payments once your funds are with us and have cleared.

You can send funds to World First at any time as long as they are cleared by the date of the outgoing payment on your trade confirmation. If your funds aren't yet with us, your payment won't leave.

We'll make the payment to your beneficiary on the date we agree when you book your trade. Your beneficiary might not be able to access the money right away as their bank might take some time to clear the funds for them.

Please note that the funds will arrive in the beneficiary's account from World First, rather than your name. There will be a reference which starts with WFPAY followed by a sequence of numbers.

As we are making the payment on your behalf, the funds will arrive in your beneficiary's account from World First and not in your name. There will also be a reference which starts with WFPAY and followed by a sequence of numbers. Make sure to let your recipient know just in case they're expecting to see the money arrive in your name.

Yes, you can book a same-day transfer for a large number of currencies and the earlier you book your trade, the better. To make a same-day outgoing payment in EUR, USD or GBP, you will need to have your cleared funds with us by the times below (given in EST time)

  • EUR payments: 10:00
  • GBP payments: 10:50
  • USD payments: 11:00

If we receive your funds after these times we will still try our best to make the payment on the same day.

This doesn't often happen, but if your funds don't arrive within the expected timescale, then let us know as soon as possible so that we can set up an investigation with our bank. We will continue to liaise with our bank until the issue has been resolved and the beneficiary has received the funds, and we promise to keep you informed every step of the way.

Don't forget: the payment will show as coming from World First, and not your name - so keep an eye out for World First on your statement. The payment will have a reference that starts with WFPAY followed by a sequence of numbers.

To see a rate, go to 'Book a Trade'. Select the currency you wish to buy and follow the steps. You will be shown a live rate. You can choose to book the trade and add payment details or you can cancel.
No - get in touch with your account manager and they will have a look at it for you.
Yes, you can. Simply book your trade in the usual way but change the date on the calendar to the date you need in the future. If you haven't booked a forward contract previously it is advisable to speak to your account manager first.
A beneficiary is the person or organization you wish to pay.
Your payment will leave World First on the day stated on your trade confirmation, once your payment has been received by us and has cleared.
Use the 'Payments From Trade' option in the menu on the left-hand side of the screen when logged into World First Online. It will show you the trades you've previously booked and you will be able to choose which beneficiaries to send them to.
Yes. If you have already booked your trade, use the 'Payments From Trade' option in the menu on the left-hand side of the screen when logged into World First Online. This will allow you to add as many beneficiaries as necessary to your trade. If you haven't booked your trade, use the 'Book a Trade' option. This will allow you to add multiple payments and book a larger trade to cover all of them.
Our client relations team will contact your directly by phone within 1 working day after you register online. They will assist you in completing your registration.
It’s free to open an account and we don’t charge fees for receiving money or any ongoing subscription costs.
There is no minimum duration for holding an account with us. If you want to close any of your accounts, please email etailers.usa@worldfirst.com to notify us. Please note that no account is closed until you receive email confirmation from us.

We reserve the right to close accounts where they are inactive or the transaction turnover is very low over a three month period. If this happens, we'll contact you by email and you'll be given three months’ notice to resume transactions through the account, otherwise it will be closed following this notice period.

You're given online access to your accounts, so you can log in and view current balances and credits for your European and UK account at any time. If you have Canadian accounts you will receive a balance notification email every Monday.
You can log into your online account and transfer your balance(s) at any time of the day. Please make sure you have added details of the beneficiary account on WFO before you make a transfer. You can see how to enter these details in the answer to the question "How do I enter my bank details for my home account?" below.
Yes, you can view your balances for your European and UK accounts when you log in to World First Online. For Canadian accounts please get in touch with your account manager.
Log in to your online account and click on 'create a new beneficiary'. These details will come through to us to verify.

Please note that we cannot pay to third parties - the account must be in your name or your company name.

There is a mandatory currency conversion, please make sure that the account is denominated in a different currency to the one you hold in your World First account. If you are unsure on any of your bank details please check them with your bank.

USD payments credit the same day as they are paid out. EUR, GBP and other currency payments take 1-4 days to credit from the day they are paid out. If you're sending USD to China this can take up to 4 days to credit.

In rare circumstances delays may occur. World First will do everything reasonably possible to ensure that funds arrive on time but is not liable for delays caused by intermediary or receiving banks.

Yes. You can view all incoming and outgoing funds for your European and UK accounts by clicking on the 'Your statement(s)' tab on the online system.
E-commerce marketplace sites that have been approved by World First. Please contact the team if you would like to know if a website that you would like to sell on is supported. If it's possible, the member of the team will tell you immediately.
No, the account is only used for the purpose of receiving funds in from the e-commerce site that you are selling on.
World First do not provide you with a credit card or an address. Please speak to your website representative when you upload the account details we give you. They will be able to help you or direct you.
You can ask any of the following people to certify your documents:
  • Accountant
  • Bank official
  • Notary
  • Attorney
Whoever you ask to certify your document(s), you must provide them with both the original document and the copy and ask them to write on (or stamp) the copy: "I certify that this is a true copy of the original document".

You must also ensure that they write (or stamp) the following information in English on each document that they certify:

  • The date
  • Their signature
  • Their name and title printed clearly
  • Their personal or business address
  • Their contact number
  • Their registration number (if applicable)