Making regular payments overseas: How it can work 

These are examples of how we can help…

Mr Anderson retired and went to live in Perth. He was receiving a monthly UK pension of £1,500. 

He had two choices. Either he could arrange for us to transfer his money at the best prevailing rate every month – or he could fix the rate for all his transfers for up to two years.

Mr Anderson decided to fix the rate for 12 months so that he’d know exactly what was going to arrive in his French bank account every month.

In May 2010, we fixed his exchange rate at 1.6420. Mr Anderson paid a deposit to secure the rate.

We automated the transfer of $2,463 a month, so once he’d set up a free standing order with his bank, Mr Anderson could relax in the knowledge that his money would arrive promptly in his Australian bank account every month.

The savings

Transfer charges

For regular payments, we offer $5 transfers.  So Mr Anderson saved $360 on transfer fees alone.  His bank would have charged him $35 for each transfer.  We only charged $5. 

Exchange rate

Mr Anderson wasn’t offered a fixed exchange rate by his bank, but based on the exchange rate of 1.5990offered on a one-off transfer, he calculated that he saved an average of $58 per transfer – saving him a total of $696.

In total

Over 12 months, Mr Anderson received $1,056 (£643.12) extra from World First than he would have received from his bank. 

Call us on 1 800 835 506, or +61 2 8298 4900 to find out more. You can also ask us to call you back.

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