Finding the right way to send money abroad is key for both people and businesses. This WorldFirst review looks at a major player in the global money transfer field. Started in 2004 and now part of Ant Group, WorldFirst handles over USD 300 billion in transactions for more than 150,000 clients. With over 32 offices worldwide, including new ones in Asia and Europe, it’s a trusted name for international payments.
The World Account is designed for businesses that trade across borders. It supports transactions in over 90 currencies to more than 200 countries. This review will focus on WorldFirst’s competitive rates and customer support. It will also look at the pros and cons to see if it meets your financial needs.
Introduction to WorldFirst
What is WorldFirst? It’s a financial tech company that makes international money transfers easy. The Financial Conduct Authority (FCA) regulates it. WorldFirst helps small and medium enterprises (SMEs) with new digital financial tools.
The company has a big global presence. It has handled over USD 200 billion in transactions. More than 1 million customers use its services, with about 6 million site visitors yearly. With 32 offices worldwide, it offers support to clients everywhere.
WorldFirst offers the World Account. It lets businesses hold funds in over 90 currencies. They can make payments to more than 200 countries and regions. This service makes transactions smooth without needing an overseas address. For more details, check out the in-depth review on their services.
WorldFirst is known for its commitment to compliance and clear operations. It offers no hidden fees and competitive exchange rates. This makes it a great choice for businesses looking for reliable currency transfer solutions.
Review of WorldFirst for Transferring Money Internationally
The WorldFirst international transfer review shows a variety of experiences. Users like the ability to open accounts in 20 different currencies. This makes exchanging money easier for both individuals and businesses.
WorldFirst offers many services for free, like opening accounts and receiving payments. This is a big plus compared to other companies. But, some fees might apply for transfers to non-WorldFirst accounts. A typical local payment costs GBP 0.3, which is pretty good.
Customer feedback is mixed. Many praise the help from staff, like Jelena Simic and Vasile Dima. But, some have had bad experiences too. They’ve faced delays, unresolved issues, and tough onboarding through KYC requirements.
WorldFirst’s customer support gets a 3.8 out of 5 rating. They’re only available Monday to Friday, from 8:30 a.m. to 5:30 p.m. UK time. Despite transferring over USD 300 billion for 150,000 companies, some users feel they could do better. For more on what customers say, check out customer reviews.
Pros and Cons of Using WorldFirst
WorldFirst is known for its competitive exchange rates, often better than traditional banks. This can save businesses a lot, mainly those doing international deals. The platform also has a user-friendly World Account. It lets businesses handle different currencies easily and make instant payments within the network.
WorldFirst is praised for its customer service. Many clients have had good experiences, mainly with setting up and managing accounts. But, there are downsides to consider. For example, support is only available on weekdays, which might be a problem for businesses needing help at odd hours. Also, the Know Your Customer (KYC) process can be hit-or-miss, causing frustration for some.
WorldFirst doesn’t handle cash transactions, which might not suit all businesses. Yet, its benefits make it a solid option in the international payment field. Its user-friendly features and focus on businesses that import and export make it a good choice, despite some drawbacks. Weighing these points can help businesses decide on their international payment solutions.
