If you, like several others, are wondering whether you should use the services of WorldFirst or Remitly for your next overseas money transfer, know that you need to pay attention to different factors. For instance, WorldFirst has a wider reach when it comes to supported countries and currencies.
Taking the Remitly vs. WorldFirst comparison to online review-based platforms gives you an indication of what customers of both companies have to say about the services they receive. On Feefo, WorldFirst gets an average score of 9.2 out of 10. Incidentally, Remitly averages at 9.2 out of 10 on Trustpilot. These scores go to show that customers of both companies are largely happy with their services.
Selecting either Remitly or WorldFirst requires that you take your individual requirements into account at the very onset. The aspects you need to consider include:
- Exchange Rates
- Ease of Use
- Regular Overseas Payments
FeesOne company does better than the other in this section of the WorldFirst vs. Remitly comparison because it offers fee-free transfers.
- WorldFirst’s pricing band that applies over existing mid-market rates changes according to estimated annual transfer amounts (as shown in the table below)
- Minimum and maximum transfer limits may vary depending on your country of residence
- Accounts for businesses and online sellers come with nominal fees
- You may check the company’s pricing structures by visiting its dedicated websites for the UK, Australia, France, Singapore, Hong Kong, Japan, and China
- The destination country, the transfer amount, and the transfer speed may affect how much you need to pay as fees
- Economy transfers and more cost-effective than Express transfers
- Economy transfers to some countries attract no fees
- Credit card payments come with additional 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 UseBoth companies rate well in this section of the Remitly vs. WorldFirst comparison. Registering with both is fairly hassle-free and so is using their services. Both provide apps for mobile devices.
- This company operates dedicated websites for the UK, the Netherlands, France, Australia, Hong Kong, Singapore, Japan, and China
- Depending on which WorldFirst website you use, you may get access in a local language
- Region-specific payment methods include debit cards, credit cards, bank account transfers, CHAPS, and BACS
- Integrating your World Account with Xero is easy – you may then using matching currency accounts to make and receive international payments and avoid paying currency conversion fees
- Remitly operates dedicated websites for the U.S., the UK, Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Ireland, Italy, the Netherlands, Norway, Spain, and Sweden
- Website access comes in different languages
- Acceptable modes of payment include bank transfers, debit cards, and credit cards
- Depending on where the recipient lives, you may transfer money to a bank account or a cash pickup location
Regular Overseas PaymentsRegular Overseas Payments This section of the WorldFirst vs. Remitly comparison tilts the scale in favor of the former. While WorldFirst gives you easy means to schedule transfers, Remitly is yet to start offering this functionality.
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