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Home Transfer Money

Why Do International Transfers Take So Long? Explained

currencycoach by currencycoach
September 16, 2026
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WorldFirst helps businesses make cross-border payments with fewer delays and better visibility.

WorldFirst is not a bank. Instead, it operates as a global payments platform that provides businesses with a multi-currency account and tools to manage international payments more efficiently.

With a World Account, companies can receive, hold, convert and send funds across multiple currencies from a single platform. Businesses can collect revenue from overseas marketplaces, keep balances in different currencies and pay international suppliers directly without relying on multiple bank accounts.

Key advantages include:

  • Global reach, local speed: With a World Account, you can send payments in 100+ currencies to over 200 countries. 80% of WorldFirst payments arrive on the same day and 90% by the next day. For UK businesses sourcing from APAC, WorldFirst can pay Chinese, Singapore or Australian suppliers the same day (compared to 2–5 days via traditional banks)
  • Multi-currency holding and conversion: You can receive and hold funds in 20+ currencies (USD, EUR, CNH, SGD, etc.). This means you can collect sales revenue abroad and then pay suppliers in the appropriate currency. Avoiding forced conversions protects your margins
  • Local account details: WorldFirst provides free local bank account details in 20+ currencies (GBP, EUR, USD, CNH, SGD, AUD, NZD, JPY and more). You can give these details to foreign partners, effectively acting as a domestic payee in their country
  • End-to-end visibility: The World Account dashboard lets you track all your international payments in one place. You can see when you send a payment, check its status and confirm when it arrives
  • Competitive, transparent pricing: WorldFirst charges no monthly or hidden fees for the World Account. You pay a low transaction fee, often lower than a bank’s and the platform shows the FX margin upfront
  • Instant transfers between World Accounts: If both sender and recipient use WorldFirst, transfers are instant and free. Businesses in the network can pay each other in seconds. For example, a UK company with a World Account can pay a Chinese supplier who also has one and the funds will arrive immediately

International transfers don’t need to involve long banking chains and unpredictable delivery times.

Open a World Account today and manage cross-border payments with faster transfers and clearer FX visibility.



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