WorldFirst discontinues personal international money transfers
International money transfer provider WorldFirst has announced that they will be closing their personal money transfer services to focus on business and ecommerce transactions.
WorldFirst stopped accepting new Australian registrations for people who want to send money overseas. This change may seem unexpected but WorldFirst has already discontinued private transfers in France and Singapore as part of their global initiative to be a business FX service provider.
If you were using WorldFirst for personal international money transfers, you can still use the service until the end of August 2021. All existing clients have until 31 August 2021 to transfer any personal balances out of their account.
All personal WorldFirst accounts will have read-only access to their accounts until 30 November 2021. After that any access to transfers history, statements and personal data will be discontinued.If you have any questions regarding your personal balance contact WorldFirst.
Luckily for people living in Australia who need to send money overseas there are alternative money transfer options to switch to:
Bank-beating IMT options
TorFx
TorFX has been beating banks with competitive international money transfers for more than 15 years. With more than 55,000 customers worldwide, TorFX has dedicated itself to offer easy streamlined and cost effective transfers. You’ll even have a personal account manager to help you along the way. Trading is simple and quick, allowing you to send money to more than 120 countries.
Send
Send offers zero transfer fee to more than 200 countries at higher exchange rates than some banks. Just a year after launching, Send won the 2020 Mozo Experts Choice Awards^ for best value international money transfers. Signing up is easy and you can earn loyalty points with each transfer you make through their Send Rewards Program.
OFX
- $250 transfer minimum
- $15 transfer fee under $10,000 (fee gets waived for transfers over $10,000)
- Same day transfers for USA and UK, most other transfers take 24-48 hours to complete (once OFX receives funds)
OFX has transferred over AU$150 billion to date. With bank beating exchange rates and no transfer fees when you send more than $10,000, it’s no wonder people have chosen them as their go to IMT provider. Through OFX you can send money to more than 190 countries and take advantage of their limit orders feature that can help you obtain an ideal exchange rate.
* The exchange rates offered by each provider are indicative exchange rates that have either been supplied by each provider or gathered by Mozo. Exchange rates fluctuate constantly and as a consequence the exchange rates listed here may vary to the actual exchange rate you are quoted by a provider. Please ensure you confirm the actual exchange rate with the relevant provider prior to conducting any transaction. These exchange rates are updated every hour.
^See information about the Mozo Experts Choice International Money Transfer Awards
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