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international money transfers for businesses and individuals
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.
- virtual personal accounts
- virtual business accounts
- international money transfers
- foreign exchange
World First UK offers money transfers between more than 150 countries in more than 100 currencies. Money can be sent from bank accounts, debit cards and received to bank accounts. Transfers made with World First UK are usually completed within 0-4 days.
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
Sending Methods•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
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.
Receiving Methods•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.
Advantages of World First UK Transfers•Support for spot and forward contracts
•Available for individuals and business customers
•Market updates are available
Disadvantages of World First UK Transfers•Receiving money to bank accounts only
Alternatives to World First UK Transfers
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Operations with Cryptocurrencies
World First UK do not conduct operations with
Total Assets (2018)485.46 mln GBP (-0.32%)
Revenue (2018)71.73 mln GBP (-5.15%)
Net Income (2018)-4,028,000.00 GBP
Country of RegistrationUnited Kingdom
Authorization Granted16 May 2018
- placing cash to a payment account
- withdrawing cash from a payment account
- execution of payment transactions on a payment account (not covered by a credit line)
- execution of payment transactions on a payment account (using a credit line)
- issuing payment instruments or acquiring payment transactions
- money remittance
World First UK Ltd is authorized by the Financial Conduct Authority (reference number 900508) for placing cash to a payment account, withdrawing cash from a payment account, execution of payment transactions on a payment account (not covered by a credit line), execution of payment transactions on a payment account (using a credit line), issuing payment instruments or acquiring payment transactions, money remittance. The authorization was granted on 16 May 2018.
Due to EEA passport rules World First UK Ltd, can conduct its activities in any of the 31 EEA member states. World First UK Ltd do not participate in deposit guarantee schemes.
World First UK Ltd is a SWIFT member.
Millbank Tower 21-24 Millbank, SW1P 4QP, London, United Kingdom