Which scores better when comparing WorldFirst vs WorldRemit? See how each provider scores and who wins when comparing their services, fees, supported countries and customer service.
WorldFirst
Overall score:
84
84
WorldRemit
Overall score:
63
63
Personal Features
Business Benefits
Fees & Exchange Rates
Ease of Use
Support & Countries
Trust & Transparency
50
50
WorldFirst offers international money transfer services for individuals. They also offer tools for business clients.
67
67
WorldRemit is tailored for individuals with account services that include:
Note: bill payments and cash pick-up services are not available in all countries.
WorldRemit has two unique features. These are:
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.
0
0
WorldRemit does not provide a business service, although WorldRemit could be used for business transfers. The Mobile Wallet could be used for business, however it may not be suited for this purpose.
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 |
46
46
Most of the WorldRemit fees are within the exchange rate offered. The exchange rate offered can and does change depending on payment type, receiving option and the amount being transferred.
New customers from eligible countries signing up through iCompareFX receive 3 transfers fees for free using the code 3FREE. Eligible countries for this free transfer promotion are the USA, UK, Australia, Belgium, Netherlands, South Africa, Sweden, New Zealand, and Norway.
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.
86
86
Registration - Simple and easy through their website or mobile app.
ID verification - If requested, it is a simple process that can be actioned through their mobile app or via email. Simply upload the requested documentation as photos from your phone.
Transfer speed - Speed ranges from instantaneous to up to 2 days. This depends on the country you are sending money to, and if it is a bank transfer or sending cash.
Payment options - Uploading your funds to WordRemit is also a simple process. With in-country solutions such as Australia’s POLi or via debit card, you can instantly transfer your funds to WorldRemit. This speeds up the entire process of sending money overseas.
Mobile app - There is a WorldRemit mobile app to help manage your transfers end to end.
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.
88
88
WorldRemit has an impressive list of supported countries.
There are reports on TrustPilot and through its mobile app reviews of poor wait times to talk to a customer service representative.
94
94
56
56
WinnerIn the battle of the World's, WorldFirst takes the win over WorldRemit. The major issue for WorldRemit is its lack of business services. Despite WorldRemit scoring well for its Ease of Use and Support and Countries categories, WorldFirst's transparent and low fees and exchange rates make is an overall winner.
