Compare World First UK vs WorldRemit

World First UK Ltd Logo
Trustpilot Rating
Reviews 1,366 | Excellent
 (4.8)

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.

WorldRemit Ltd Logo
Trustpilot Rating
Reviews 41,787 | Excellent
 (4.5)

WorldRemit Ltd is an electronic money institution focused on international money transfers. WorldRemit Ltd offers international payments, digital wallets to individuals. In 2018 WorldRemit Ltd had total assets of 85.17 mln GBP, WorldRemit Ltd generated net income of -44,762,031.00 GBP. Incorporated in the United Kingdom, WorldRemit Ltd is authorized and regulated by the Financial Conduct Authority.

World First UK Business Focus
international money transfers for businesses and individuals
World First UK Products
  • virtual personal accounts
  • virtual business accounts
World First UK Services
  • international money transfers
  • foreign exchange

View World First UK Profile +

WorldRemit Business Focus
international money transfers
WorldRemit Products
  • digital wallets
WorldRemit Services
  • international payments
WorldRemit Clients
  • individuals

View WorldRemit Profile +

Compare Money Transfers

World First UK WorldRemit
Speed0-4 days0-2 days
Amount Rangen/an/a
Countries150+ countries150+ countries
Currencies100+ currencies110+ currencies
Sending From
  • bank accounts
  • debit cards
  • bank accounts
  • debit cards
  • credit cards
  • WorldRemit wallets
Receiving To
  • bank accounts
  • bank accounts
  • mobile phone accounts
  • cash pick-up points
  • airtime top-ups
  • physical cash door-to-door
  • WorldRemit wallets
Transfer Options
  • one-time payments
  • recurring payments
Make Transfer
 

Transfer Speed

World First UK

Transfer speed with WorldFirst depends on the currency you're sending or buying, the bank used and the size of the transaction.

  • USD, GBP, EUR: WorldFirst usually makes a same-day payment when WorldFirst receives your funds
  • Other currencies: it can take 1-4 days, depending on the currency
  • USD from other countries: can take 1-4 days

WorldRemit

In most cases, transfers sent using WorldRemit arrive within minutes.
In general, the delivery time will be as follow:

  • Cash Pickup. Available to collect instantly.
  • Mobile Money. Within minutes.
  • Airtime top-up. Within minutes.
  • Bank transfer. Transfers within minutes are available to selected banks; other thing the timing depends on include: the bank, day of the week, transacion creation time.

Available Currencies

Sending Methods

World First UK

Debit Card
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.
BACS
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.
Direct Debit
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.
CHAPS
A CHAPS payment is a same-day payment and will arrive with WorldFirst on the day you send it.
Different Source
WorldFirst can receive funds from an account in a different name to yours, but it will need to verify the source.

WorldRemit

Bank Transfer
Sender needs to transfer the full amount from his/her own bank account into WorldRemit's bank account.
WorldRemit Wallet
Transfers are instantly processed and the Wallet allows your recipient to receive, send and withdraw funds in multiple currencies.
Payment Cards
WorldRemit accepts most types of debit, credit and pre-paid cards that are issued by Visa or Mastercard. WorldRemit cannot accept cards from the following issuers:

  • Amex
  • Diner’s Card
  • Union Pay

Other Methods
  • Poli
  • Interac
  • iDEAL
  • Sofort
  • Apple Pay
  • Trustly

Receiving Methods

World First UK

Bank Accounts
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.

WorldRemit

Mobile Money
Most mobile money services are offered by local mobile telecoms operators who have received a license to operate electronic payments services. Before sending money to a mobile money service using WorldRemit, please make sure that your recipient has a mobile money account.
Cash Pickup
Cash pickup transfer is a payment that your recipient can collect as physical cash from a supported location within WorldRemit's local partner network.
Bank Transfer
Direct to bank is a transfer when the money i s delivered straight to the recipient’s bank account.
Airtime Top-up
Top-up is adding credit to a pre-paid phone. Airtime top ups sent via WorldRemit are usually instant.
WorldRemit Wallet
Transfers are instantly processed and the Wallet allows your recipient to receive, send and withdraw funds in multiple currencies.

Transfer Costs

WorldRemit

Transfer Fees
Zero fees on your first money transfer.
Exchange Rate
Exchange rate is displayed upfront.

Sending Countries

WorldRemit

WorldRemit provides sending money from 50+ countries.

Receiving Countries

WorldRemit

WorldRemit supports sending money to 150+ countries.

Advantages and Disadvantages

Advantages of World First UK Transfers

Support for spot and forward contracts
Available for individuals and business customers
Market updates are available

Advantages of WorldRemit Transfers

Broad coverage of countries
Variety of sending options
Variety of receiving options

Disadvantages of World First UK Transfers

Receiving money to bank accounts only

Disadvantages of WorldRemit Transfers

Have to open an account and pass identity verification
Account opening available to individuals only

How WorldRemit Transfers Work

1.
Create your account
Register for free at WorldRemit website or download WorldRemit app.
2.
Provide transfer details
Choose to send to one of 150 countries and add your transfer method.
3.
Choose how much you want to transfer
You will see WorldRemit fees and exchange rate upfront.
4.
Add the recipient's details
Or choose from a list of people you’ve sent to before.
5.
Pay for your transfer
You can pay for the transfer with a payment card (debit, credit and prepaid), bank transfer, Poli, Interac, iDEAL, Klarna, Apple Pay, Trustly.


See Also