Which scores better when comparing XE Money Transfer vs WorldFirst? See how each provider scores and who wins when comparing their services, fees, supported countries and customer service.
XE Money Transfer
Overall score:
71
71
WorldFirst
Overall score:
84
84
Personal Features
Business Benefits
Fees & Exchange Rates
Ease of Use
Support & Countries
Trust & Transparency
33
33
XE Money Transfer serves personal customers from a number of countries, giving them easy means to send money to more than 170 countries.
50
50
WorldFirst offers international money transfer services for individuals. They also offer tools for business clients.
56
56
XE Money Transfer gives business clients the option to choose from varied services.
89
89
WorldFirst has an excellent offering for business and promotes partnerships with businesses operating in a global environment. There are solutions for online sellers, import / export and global human resources payments.
Through the WorldFirst World Account you can leverage unique banking details in 10 different currencies and reduce costs on receiving money from customers and paying suppliers. Local banking details are available in GBP, EUR, USD, CAD, CNH, HKD, JPY, NZD, SGD and AUD.
46
46
Personal customers pay no transfer fees when sending money through XE Money Transfer.
Yes, these come in the form of the exchange rate margin that XE Money Transfer applies on existing mid-market rates.
79
79
WorldFirst has a super simple fee structure for international money transfers. The WorldFirst fees are additional to the real exchange rate.
WorldFirst World Account fees also have the same simple fee structure and fees only apply when withdrawing funds from virtual multi-currency accounts.
| Annual Transfer Amount | £0 - £500K | £500K - £5M | £5M+ |
| WorldFirst Fees | 0.60% | 0.35% | 0.25% |
WorldFirst Australia has introduced (March 2021) new fees for small currency conversion amounts of less that AUD$10,000. These fees can make it prohibitive for small businesses to conduct day to day business payments.
| WorldFirst Australia fixed fee for FX | Fee |
| < $2,000 | $20 |
| $2,000 - $10,000 | $10 |
| $10,000 + | $0 |
79
79
Sign up process - Register online or over the phone, by providing some basic information.
Payment options - Bank account transfers, debit cards and credit cards.
Phone transfers - Initiate transfers over the phone.
Speed - Most transfers process within 1 - 2 business days.
Mobile app - Available for iOS and Android.
ID verification - This process can take 1- 4 business days.
57
57
WorldFirst account creation and registration is simple and straightforward. Unfortunately there is room for improvement in some areas:
ID verification - This can be slower outside of the UK taking up to 24 hours.
Payment options - Basic by only supporting bank transfer payment options.
Mobile apps - The World Account uses a different mobile app than their international money transfer app. This can be cumbersome for account management.
Minimum transfer amount - This is quite high for individuals at $2000 / £1000. There is, however, no minimum for business clients.
81
81
Supported destination countries and currencies - XE Money Transfer supports transfers to over 170 countries, in over 60 currencies.
Customer support - Customer support is available via email and over the phone, in English, French and Spanish.
Website languages - You can use the XE Money Transfer website only in English.
56
56
Unfortunately, USA residents are not eligible to create a WorldFirst account. This is a major let down for WorldFirst supported countries. This point has impacted the WorldFirst supported countries iCompareFX score.
69
69
Exchange rate margin transparency - XE Money Transfer’s exchange rates include margins that customers find out only after confirming their transfers.
94
94
WinnerWith a draw in two categories, it really is a close call for these two providers but WorldFirst wins. While XE's ease of use is a stand out, WorldFirst takes the lead with its personal and business features and competitive fees and exchange rates.
