Have you been using banks to transfer funds overseas, or do you plan to do so in the near future? If so, turning to either World First or Ria is a better idea. Both companies specialize in international repatriation of funds, giving you the ability to transfer money to a number of countries. Is one of these companies better than the other? Read on to find out.
Since the levels of service provided by online fund transfer companies can vary considerably, turning to Trustpilot to check what real users are saying can be beneficial. The Ria vs. World First comparison on this platform shows that one company rates better than the other. While the average score of Ria is 7.3 out of 10, World First scores 9.1 out of 10.
Picking Ria or World First requires that you pay attention to your own requirements, which can vary based on multiple factors. As a result, this comparison is divided into:
- Exchange Rates
- Ease of Use
- Regular Overseas Payments
Fund Transfer Fees
Whether you pick World First or Ria, the fees you have to pay can vary depending on different situations.
- If you use the UK-based World First website, you do not have to pay any transfer fees. However, you cannot transfer less than £1,000.
- With the website dedicated to the American market, transfers under USD $10,000 attract USD $10 as fees.
- If you transfer funds through the Hong Kong-based website, you do not have to pay any fees. However, you must transfer at least HK $100,000.
- To check the most up-to-date fee structures, visit WorldFirst.com/us/, WorldFirst.com/au/, WorldFirst.com/uk/, WorldFirst.com/en-fr/, WorldFirst.com/en-hk/, WorldFirst.com/en-sg/, WorldFirst.com/en-jp/, or WorldFirst.com/en-cn/.
- The fee Ria charges depends on the mode of payment and the destination country.
- Paying via electronic bank transfers attracts the lowest fees, followed by debit card payments. Payments made through credit cards attracts the highest fees.
- Check the fees you will have to pay ahead of time by using the Ria price calculator.
Ease of Use
This section of the Ria vs. World First comparison tilts the scale in favor of one company when it comes to website access in foreign languages. Registering online with both companies is easy. However, you have to wait for the verification of your details before you can start using your new account.
- World First lets you initiate the registration process over the phone.
- Access to this company’s website comes in English, Chinese, Dutch, French, and Japanese.
- The company accepts payments through electronic bank transfers, debit cards, credit cards, BACS, and CHAPS.
- You can use World First apps for iOS and Android to transfer funds on-the-go.
- Since Ria provides online fund transfer services only to residents of the U.S. and Spain, access to its website limits to English and Spanish.
- You can transfer funds online or in person.
- Depending on the destination country, you can transfer funds to a bank account or a cash pick- up center.
- In some countries, you can get the transferred funds delivered to the recipient’s home.
- Ria has maximum daily and monthly transfer limits, which stand at $2999.99 and $7,999.00, respectively.
Regular Overseas Payments
This section of the World First vs. Ria comparison favors the former. World First lets you set up regularly scheduled transfers easily, while also giving you the ability to fix rates for transfers scheduled in the future. Ria does not provide this feature yet.
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