WorldFirst Logo

WorldFirst

UK-based WorldFirst also has offices in Hong Kong, Japan, the Netherlands and Singapore. It provides services to individuals, businesses, and online sellers. This Transfast alternative has been around since 2004. You can access different World First websites depending on where you live with offerings in English and other local languages.

Pros

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Offices in Hong Kong, Japan, the Netherlands, Singapore and the UK
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Operates dedicated websites for Australia, France, Hong Kong, Japan, the Netherlands, Singapore and the UK
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Website access in different languages
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Sign up as an individual, a business, or an online seller
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Uses existing interbank rates while adding a transparent margin
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Allows scheduling of transfers
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Provides spot transfers and forward contracts
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Get bank account details in different currencies through the World account – use these to avoid currency conversion fees when reconciling cross-border payments
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Xero-World Account integration is easy
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Transfer funds online or over the phone

Cons

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Only bank account transfers
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WorldFirst does not let you send money from the U.S.
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Minimum transfer limits apply depending on where you live

Global Reach Group Logo

Global Reach Group

UK-based, Global Reach Group also has offices in Cyprus, the Netherlands and South Africa. It provides services for individuals and businesses. This Transfast competitor has been around since 2002. Access to its website comes only in English.

Pros

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Offices in the UK, Cyprus, the Netherlands and South Africa
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Serves individuals and businesses
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Gives all customers access to currency specialists
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Schedule transfers easily
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Provides spot transfers, forward contracts, limit orders and stop loss orders

Cons

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Only bank account transfers
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Website not multilingual

Currencies Direct Logo

Currencies Direct

Headquartered in the UK, Currencies Direct also has offices in France, India, Portugal, South Africa, Spain and the U.S. You may register with this alternative to Transfast as an individual, a business or an online seller. It began operations in 1996. Access to the Currencies Direct website comes in different languages.

Pros

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Offices in France, India, Portugal, South Africa, Spain, the UK and the U.S.
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Multilingual website
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Sign up as an individual, a business or an online seller
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Accepts customers from most countries
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Provides travel money solutions for residents of the UK
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Schedule transfers according to your needs
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Choose from spot transfers, forward contracts and market orders

Cons

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Only bank account transfers
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Services not available in all states in the U.S.

OFX Logo

OFX

OFX has its headquarters in Australia and offices also in Canada, Hong Kong, New Zealand, the UK and the U.S. This Transfast alternative serves individuals, businesses, and online sellers. It has been around since 1998, when it began operations as an information-only website. It does not operate a multilingual website.

Pros

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Offices in Australia, Canada, Hong Kong, New Zealand, the UK and the U.S.
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Dedicated websites for Australia, Canada, the UK and the U.S.
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Get local phone support from some countries
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Sign up as an individual, a business or an online seller
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Fee-free limits for personal transfers
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Schedule transfers easily
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Choose from spot transfers, forward contracts and market orders
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Transfer funds online or over the phone

Cons

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Only bank account transfers
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No multilingual website
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Trading in some currencies is possible only over the phone

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