No matter whether you select XE or WorldFirst to send money overseas, you can be sure of getting reliable and cost effective services. However, while someone might favor using XE, WorldFirst may work as a better alternative for someone else. So, how does one go about making the right choice?
If you want to know how previous customers of these companies rate their services, consider taking the WorldFirst vs. XE comparison to online review-based platforms. While XE Money Transfer gets an average of 9.2 out of 10 on Trustpilot, WorldFirst averages at 8.8 out of 10. These scores show that both companies provide consistently reliable services.
Whether you should turn to WorldFirst or XE for your next overseas money transfer requires that you take your individual requirements into account and address the following aspects:
- Exchange Rates
- Ease of Use
- Regular Overseas Payments
XE Vs WorldFirst Money Transfer Fees
This section of the WorldFirst vs. XE comparison tilts in favor of the latter, especially if you do not plan to transfer much money.
- XE does not charge any fees for personal transfers.
- Fees charged by intermediary banks might apply in some instances.
- WorldFirst transfer fees vary according to the type of account you open.
- A transparent pricing band (as shown in the table below) applies over existing interbank rates, and it depends on how much money you plan to transfer every 12 months.
- Your country of residence may affect sending limits.
- Businesses and online sellers are required to pay fees in different situations.
- You may check the company’s current fee structure in the table below.
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
You may complete either WorldFirst or XE online applications in a matter of minutes. Using their websites or apps to send money overseas is rather straightforward.
- Access to the XE website comes in English, French, Spanish, Italian, Portuguese, Swedish, Dutch, Arabic, Japanese, and Chinese.
- If you live in the United States, you may pay via direct debit.
- UK-based customers may pay via BACS, CHAPS, or FPS.
- Residents of Australia and New Zealand can pay via bank transfers or BPAY.
- Customers from other countries may make payments using bank account transfers.
- XE provides apps for iOS, Android, Windows, and BlackBerry.
- WorldFirst operates region-specific websites for the UK, France, the Netherlands, Australia, Singapore, Hong Kong, China, and Japan.
- Depending on the WorldFirst website you use, access comes in English, French, Dutch, Chinese, and Japanese.
- Depending on where you live, you may pay via a bank transfer, a debit card, a credit card, BACS, or CHAPS.
- Integrating the World Account with Xero is simple – you may then use matching currency accounts to reconcile payments without worrying about currency conversion fees.
- The company provides apps for iOS and Android.
Regular Overseas Payments
One company scores over the other when it comes down to transferring money overseas in this section of the XE Money Transfer review vs WorldFirst comparison.
- Catch up on the World First awesome services and feature offerings
- Looking for an alternative to World First?
- Learn more about Azimo Vs World First.