RationalFX Review

We’ve reviewed RationalFX to provide you with neutral, straightforward information. Armed with knowledge, you’ll be equipped to decide which foreign exchange business or bank is the right match for you.

Based in the UK with additional offices in France, Spain, Poland, and Slovakia, RationalFX is an independent commercial foreign exchange provider. RationalFX specialises in money transfers for overseas living and business expenses.


RationalFX assists clients in such financial areas as overseas home buying, importing valuable goods (luxury vehicles and other products of high economic value), higher education tuition and fees, overseas mortgage and rent payments, and a range of business dealings.

  • Transparent, well-organised, and user-friendly website with comprehensive information
  • Products and services that provide flexibility and control available for both individuals and businesses
  • Regular (recurring) payment options
  • Fast transfer service; recipients have funds in two days or less
  • Funds transfer to a bank account only, and recipient must have a bank account in the RationalFX system
  • Caters mainly to wealthy individuals and financially strong businesses for high-end currency transactions rather than to people making ordinary foreign exchange transactions
  • Can make only one transaction of £900 or less without a verified account; from this point on must have verified account
  • Appears that all transactions are done online, possibly via phone, with no in-person option available (RationalFX website is vague in this area, however)

How It Works

You may make a one-time transfer of £900 or less. If you wish to continue using RationalFX for international money transfers, you must set up an account using their online platform and provide the information RationalFX requires for their verification process.


After RationalFX verifies your account, you can begin to transfer your funds where you need them to go. You can enact transactions one at a time on an as-needed basis, or you can schedule regular (recurring) payments.


Further, you can complete a transfer as a spot transaction, merely accepting the currency exchange rate as it is at the moment of your transaction, or you can use one of their products available to individuals or businesses to take advantage of currency options.


In addition to spot transactions, RationalFX offers these products for individuals to give their clients the flexibility of choice regarding the handling of their funds:

  • Regular (recurring) payments so you can schedule payments and forget about them
  • Forward contracts in which you can set your currency for up to two years
  • Limit orders allow you to specify the currency rate you prefer and let RationalFX keep an eye on the market for you, purchasing your currency on your behalf when the price is right

How Safe Is It?

RationalFX uses HTTPS encryption, so the data you enter on their website is secure. They have the same level of security as big banks, and they hold your money in your own account in Barclay’s Bank. Your information and your money are safe.


RationalFX is authorised by the Financial Conduct Authority (FCA) and registered with Her Majesty’s Revenue & Customs (HMRC). This oversight means that your money is secure.

How Much Does It Cost?

RationalFX is highly competitive when it comes to the cost of service. You don’t pay commission, nor do you pay a fee for sending or receiving. There may be a receiving charged assessed by your recipient’s bank, but RationalFX does not charge such a fee.


If you are transferring under £4,000, you will pay a flat transfer fee of £4 (or the equivalent in a different currency). However, if you have established regular payments, this fee is waived.


What Exchange Rate Will I Get?

Exchange rates fluctuate, so RationalFX does not advertise a particular rate. They do, however, promise “bank-beating exchange rates,” and offer an exchange rate guarantee.

How Do I Send or Receive Money from Overseas?

To send and receive money internationally, you first need to establish a verified account with RationalFX. You are encouraged to use their online platform, but you can call an office to start the process if you prefer.


Use the online platform to initiate transfers. You’ll supply the necessary details about the recipient and his or her bank account and pay for the currency. As soon as your funds have cleared, RationalFX begins the transfer process. Your recipient will have the money one- or two days after the transfer has started.


International money transfers are complex. Learn more about transferring money to foreign banks without paying high fees to help you make the most out of your experience.

How Do I Pay?

The primary payment method is via bank account transfer. You transfer funds from your bank account to your RationalFX account with Barclay’s bank.
Alternately, when paying online, you have the option of using a debit card or credit card to pay.


Can I Pay by Credit Card?

Yes. If you are transacting online, you may pay by credit card. Many foreign exchange services do not allow credit card payments; RationalFX is one of the few that do.

What Currencies Can I Transfer?

RationalFX will transfer funds to a remarkable 170+ countries. A sampling of the most common currencies they exchange includes:

  • AUD Australian Dollar
  • BHD Bahraini Dinar
  • BBD Barbadian Dollar
  • CAD Canadian Dollar
  • HRK Croatian Kuna
  • CZK Czech Republic Koruna
  • DKK Danish Krone
  • EGP Egyptian Pound
  • EUR Euro
  • HKD Hong Kong Dollar
  • HUF Hungarian Forint
  • INR Indian Rupee
  • ILS Israeli New Shekel
  • JPY Japanese Yen
  • JOD Jordanian Dinar
  • KWD Kuwaiti Dinar
  • LVL Latvian Lat
  • LTL Lithuanian Lita
  • MUR Mauritius Rupee
  • MXN Mexican New Peso
  • MAD Moroccan Dirham
  • NZD New Zealand Dollar
  • NOK Norwegian Krone
  • OMR Omani Rial
  • PLN Polish Zloty
  • QAR Qatari Rial
  • RON Romanian Leu
  • SAR Saudi Riyal
  • SGD Singapore Dollar
  • ZAR South African Rand
  • SEK Swedish Krona
  • CHF Swiss Franc
  • THB Thai Baht
  • TND Tunisian Dinar
  • TRY Turkish Lira
  • USD U.S. Dollar
  • AED United Arab Emirates Dirham

What Services Do They Offer for Businesses?

RationalFX has numerous services tailored to businesses. Companies can work with a dedicated business account manager to create money-saving strategies. Such strategies are especially money-saving for organisations making regular foreign transfers rather than periodic spot transfers


Businesses can create a forward contract with a fixed exchange rate lasting up to two years. Other services designed to help companies to save money include:

  • Limit Orders for a fast reaction when the desired exchange rate becomes available
  • Stop Loss Strategies to protect against falling exchange rates
  • Development of Execution Policy and Implementation as a risk management tool.


Businesses with an international payroll can, with RationalFX, transfer salaries with low fees and excellent exchange rates. Companies can invoice currency, convert revenue into domestic currency, and save money on the export of goods and services. RationalFX helps businesses keep more of the money they make.


RationalFX knows money, and they know the global market. Whether you are an individual or a business, RationalFX helps you with your money exchange needs by offering competitive rates, low or nonexistent fees, and products to enhance your foreign exchange transactions.

Compare money transfer services like RationalFX

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  • XE App is available on both iOS and Android. It allows you to see the interbank rate for over 100 currencies.
  • XE themselves charge no fees for international money transfers.
  • Offers support for both individuals and businesses when it comes to international money transfers.


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  • Limited exotic currencies available
  • Exchange rates on small transfers aren't great
  • Website experience could be better
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  • Regulated by ASIC and registered with AFSL
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  • Does not accept BPAY, credit card, cheque or cash
  • Limited currencies available
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  • Constantly bringing out new innovative products


  • There are currently a number of global currencies they do not currently support
  • Limited support based in Australia
  • Percentage based fee can add up on very large transfers
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  • Better exchange rates compared to banks
  • Highly safe and secure transfers
  • 1 - 2 days delivery times for most countries
  • Quick response time
  • Fantastic customer service


  • Credit cards, cheques and cash are not accepted
  • Transfers to Thailand can take up to 4 days
  • Fees for transfers smaller transfers