World First UK Ltd is an electronic money institution focused on international money transfers for businesses and individuals. World First UK Ltd offers international money transfers, virtual personal accounts, virtual business accounts, foreign exchange. In 2018 World First UK Ltd had total assets of 485.46 mln GBP, World First UK Ltd generated net income of -4,028,000.00 GBP. Incorporated in the United Kingdom, World First UK Ltd is authorized and regulated by the Financial Conduct Authority.
Tor Currency Exchange Limited is an electronic money institution focused on international money transfers. Tor Currency Exchange Limited offers money transfers, regular payments, repatriation of funds, virtual accounts to individuals, businesses. In 2019 Tor Currency Exchange Limited had total assets of 108.42 mln GBP, Tor Currency Exchange Limited generated net income of 7.59 mln GBP. Incorporated in the United Kingdom, Tor Currency Exchange Limited is authorized and regulated by the Financial Conduct Authority. Tor Currency Exchange Limited is doing business as TorFX.
|World First UK||TorFX|
|Speed||0-4 days||1-2 days|
|Amount Range||n/a||100 GBP - unlimited|
|Countries||150+ countries||120+ countries|
|Currencies||100+ currencies||40+ currencies|
Transfer speed with WorldFirst depends on the currency you're sending or buying, the bank used and the size of the transaction.
It can take 1-2 working days for the money to arrive depending on the currencies involved and the destination country.
If you're a private client you can use your debit card to send your money to WorldFirst. This is one of the fastest ways you can pay.
•Online/Telephone Banking (Faster Payment)
This usually arrives with us the same day or the following morning.
A BACS payment takes two working days for funds to arrive. They will be cleared funds on the third day, which is when your payment will be able to leave WorldFirst.
If you're sending us GBP funds, WorldFirst can collect them by Direct Debit. Once a direct debit is set up, WorldFirst arranges collection of the funds and it is similar to a BACS payment in terms of clearing times.
A CHAPS payment is a same-day payment and will arrive with WorldFirst on the day you send it.
WorldFirst can receive funds from an account in a different name to yours, but it will need to verify the source.
TorFX offers sending money from a sender's TorFX account only.
So, to be able to perform a transfer, a sender should first open an account with TorFX and deposit enough money to this account.
TorFX account can be topped up from the sender's bank account as well as via Visa debit cards and bank cheques. Both the cards and bank cheques should be nominated in GBP. Client funds are held at segregated TorFX's client accounts with Barclays bank.
As worldFirst is making the payment on your behalf, the funds will arrive in your beneficiary's account from WorldFirst and not in your name. There will also be a reference which starts with WFPAY and followed by a sequence of numbers.
TorFX offers sending money to bank accounts only.
TorFX does not charge anything outside of the actual exchange rate TorFX quotes.
TorFX secures a highly competitive exchange rate.