Are you, like many others, unsure whether you should use MoneyCorp or WorldFirst 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 WorldFirst vs. Moneycorp comparison online gives you an indication of how customers of both companies feel about their services. On Trustpilot, WorldFirst gets an average score of 8.8 out of 10, and Moneycorp averages at 8.4 out of 10. These scores clearly show that customers of both companies rate them well.
While either WorldFirst 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. WorldFirst 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.
- The table below highlights how the pricing band varies depending on estimated annual transfer amounts.
- Sending limits might vary depending on where you live.
- Businesses and online sellers are required to pay nominal fees.
WorldFirst Money Transfer Fees Table
|Annual Transfer Amount||£0-£500k / AUD$0-$750K||£500k-£5M / AUD$750k – $7.5M>||£5M+ / AUD$7.5M|
|Real Exchange Rate Plus Fee||0.50%||0.25%||0.15%|
Ease of Use
This section of the WorldFirst 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.
- WorldFirst operates dedicated websites for residents of the UK, Australia, China, Japan, Hong Kong, Singapore, France, and the Netherlands.
- Access to different WorldFirst websites comes in English, Chinese, Japanese, French, and Dutch.
- You can apply for a new WorldFirst account over the phone.
- Acceptable payment methods include electronic bank transfers, debit cards, credit cards, CHAPS, and BACS.
- Use matching currency accounts to reconcile payments without paying currency conversion fees once you integrate your World Account with Xero.
- You can use WorldFirst apps with devices that run on Android or iOS.
Regular Overseas Payments
You can use either Moneycorp or WorldFirst to set up scheduled transfers according to your convenience.
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