Are you, like many others, unsure whether you should use MoneyCorp or World First for your next international fund transfer? Selecting between the two is simpler than you think, provided you know which details require your attention.
Taking the World First vs. Moneycorp comparison online gives you an indication of how customers of both companies feel about their services. On Feefo, World First gets an average score of 4.8 out of 5, and Moneycorp averages at 4.6 out of 5. These scores clearly show that customers of both companies rate them well.
While either World First or Moneycorp can work well for you, pay attention to the following details:
- Exchange Rates
- Ease of Use
- Regular Overseas Payments
International Money Transfer Fees
This section of the Moneycorp vs. World First comparison will have a significant bearing on which company you should select.
- With the UK-based website, standard online transfers attract £5 as fees. If you make an express transfer, you have to pay a £9 fee. The fee increases to £15 for an over the phone transfer.
- The Australia-based Moneycorp website does not charge any transfer fees.
- Using the UK-based website does not attract any fees. However, the minimum transfer is £1,000.
- If you use the U.S.-based website to transfer less than USD $10,000, a fee of USD $10 applies. Transfers over this amount are fee free.
- The Australian-based website charges AUD $10 as fees for transfers below AUD $10,000. Transfers over this amount do not attract any fee.
- You can view the company’s latest fee structures by visiting WorldFirst.com/us/, WorldFirst.com/uk/, WorldFirst.com/au/, WorldFirst.com/en-fr/, WorldFirst.com/en-jp/, WorldFirst.com/en-cn/, WorldFirst.com/en-hk/, and WorldFirst.com/en-sg/.
Ease of Use
This section of the World First vs. Moneycorp comparison rates both companies just about equal. Registering with either takes little time, and you can start trading as soon as the verification of your details completes.
- Moneycorp has dedicated websites for customers in the U.S., the UK, Spain, France, Ireland, Romania, and Australia.
- You can use the company’s websites in English, Spanish, French, and Portuguese.
- Depending on where you live, you can initiate a transfer online or over the phone.
- Businesses in the UK, Ireland, France, and Romania can use Moneycorp’s fund transfer services.
- Residents of the UK can use Moneycorp’s travel money services.
- You can transfer as little as £50 or its equivalent in another currency.
- The company provides apps for Android and iOS.
- World First operates dedicated websites for residents of the U.S., the UK, Australia, China, Japan, Hong Kong, Singapore, France, and the Netherlands.
- Access to different World First websites comes in English, Chinese, Japanese, French, and Dutch.
- You can apply for a new World First account over the phone.
- Acceptable payment methods include electronic bank transfers, debit cards, credit cards, CHAPS, and BACS.
- You can use World First apps with devices that run on Android or iOS.
Regular Overseas Payments
You can use either Moneycorp or World First to set up scheduled transfers according to your convenience.
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