Western Union is among the oldest overseas money transfer companies in the world whereas WorldFirst is a FinTech alternative that is a relatively new entrant. However, this fact provides little value when it comes to selecting between the two. If you, like several others, are wondering if you should choose Western Union or WorldFirst for your next overseas money transfer, continuing reading might serve you well.
Taking the WorldFirst vs. Western Union comparison to popular review-based websites gives you an indication of how these companies fare in the real world. Western Union gets an average score of 8.4 out of 10 on Trustpilot, and WorldFirst scores 8.8 out of 10.
Given that individual requirements tend to play in role in making the right selection, choose WorldFirst or Western Union after considering these factors.
- Exchange Rates
- Ease of Use
- Regular Overseas Payments
This section of the Western Union vs. WorldFirst comparison does not produce a clear winner. The transfer fee you end up paying through both depends on different factors.
- WorldFirst fees vary depending on the kind of account you open.
- A transparent pricing band applies on existing interbank rates. It varies depending on estimated annual transfer amounts, as shown in the table below.
- Transfer limits may vary depending on where you live.
- Online sellers get free access to receiving accounts in different currencies.
- Withdrawing money from a WorldFirst account to a local bank account comes with nominal fees.
- You may view the company’s current fee structure in the table below.
- Factors that affect Western Union fees include where you and recipient live as well as desired payment and transfer methods.
- Sending money to an agent location tends to attract higher fees than transferring funds to a bank account.
- Paying through a bank account transfer is usually the most affordable method.
- Debit card, credit card, and cash payments tend to attract additional fees.
- You may check how much your transfer might cost by using the online price estimator.
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
No matter whether you select WorldFirst or Western Union, you may look forward to a smooth and seamless transfer process.
- WorldFirst provides services for individuals, businesses, and online sellers.
- It operates dedicated websites for the UK, Australia, France, the Netherlands, Singapore, Hong Kong, China, and Japan.
- You may use WorldFirst websites in English, French, Dutch, Japanese, or Chinese.
- You may pay for your transfer using a bank account, a debit card, a credit card, CHAPs, or BACS.
- Reconciling international payments becomes simple and cost-effective when you integrate your World Account with Xero.
- WorldFirst provides apps for iOS and Android.
- Sign up with Western Union as an individual or a business.
- You may access the Western Union website in various languages such as English, Portuguese, Spanish, French, German, and Japanese.
- You may make your payment using a debit card, a credit card, a bank account, or cash.
- Transfer methods you get to choose from include bank account transfers, transfers to agent locations, and transfers to mobile wallets.
- The company lets you transfer money to inmates in American correctional facilities.
- It provides apps for iOS and Android.
Regular Overseas Payments
One company scores over the other in this section of the WorldFirst vs. Western Union comparison. Using WorldFirst to set up scheduled transfers is fairly simple. However, Western Union does not provide this service yet.
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