Due to its transparency, strong track record and lack of administrative fees, World First is one of the top international money transfer services in Singapore. The remittance service also makes transfers simple and affordable to a range of currencies with relatively short transfer times. World First does require a minimum transfer of S$2,000. However due to all of its strengths, World First is always worth considering if you need to make large transfers.
|Summary of World First's Money Transfer Platform|
|No Administrative Fees|
|Transparent Foreign Exchange Rate Margins|
|Foreign Exchange Rate Margin Matching|
|Strong Track Record: $125 billion transferred since 2004|
|Transfer Speed: typically 1-2 days|
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What Makes World First Stand Out to Consumers?
World First is one of the best money transfer services available to consumers in Singapore. First of all, the platform does not charge administrative fees. Additionally, World First is the most transparent when it comes to their foreign exchange rate margins, which range from 0.5-0.15%. For more information, please refer to the table below. World First also offers price matching for transfers in which it would not lose money. For more information, please contact World First directly.
|$0 - $750,000||0.50%|
|$750,000 - $7.5 million||0.25%|
However, despite it's competitive pricing, World First does not offer the widest selection of currency pairs (36) or fastest transfer speed (1-2 days for most major currencies). It also has a relatively high minimum transfer amount. Given these factors, World First is not a suitable option for those who want to send a small amount of money or those that would prefer to transfer funds to a wider variety of countries.
|Transfer Speed||1-2 days|
How to Register: Sign-Up Process
In order to register to send money via World First, users can click on the buttons on this page. You will be led to a page that will allow you to create a username and password for your account and will request your contact information. You will not be charged until you make a transfer.