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

The best deal for you

TransferwiseRead ReviewTotal (AUD)$13,906.54Exchange Rate0.7224Transfer Fees$63.79Transfer Time1-2 DaysLearn MoreTotal (AUD)$13,906.54Rate Updated 03:23AM 14/11/2018GET THIS DEAL
So, sending USD 10,000 to United States at an exchange rate of 0.7224 will cost you $13,906.54 which includes a fee of $63.79

About TransferWise

Transparency and an easy online experience are the 2 things that set TransferWise apart from the banks and other money transfer companies. If you prefer to bank online, you'll like TransferWise. Setting up an account and making a transfer is very easy. They are also very clear on the exchange rate and fees you'll pay before you make a transfer. Click here for the full review


  • Clear and transparent exchange rates fees
  • The online experience is first class
  • Like the banks, they are regulated by ASIC and registered with AFSL
  • 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

More trusted money transfer options

Provider Exchange Rate Transfer Fees Transfer TimeTotal (AUD) Rate Updated 03:23AM 14/11/2018
TorFXRead ReviewTotal (AUD)$13,912.31$5.77 more expensive Exchange Rate0.7188 Transfer Fees$0.00 Transfer Time2-3 DaysGet discounted rate $13,912.31$5.77 more expensive GET THIS DEAL
So, sending USD 10,000 to United States at an exchange rate of 0.7188 will cost you $13,912.31 with no fees.

About TorFX

TorFX are particularly good taking care of customers over the phone but using their website isn't the easiest to use. They don't charge a flat fee which is great but it's important to consider their exchange rates. While, they don't offer fantastic rates for small amounts under $2000 , TorFX offer exceptionally good exchange rates for larger transfers to the UK, New Zealand, South Africa and Europe.


  • No transfer fees
  • Highly competitive exchange rates
  • Secure transfers with authorised
  • Assigned account manager
  • 24 / 7 Assistance
  • Available range of transfer options


  • Limited exotic currencies available
  • Exchange rates on small transfers aren't great
  • Website experience could be better
XERead ReviewTotal (AUD)$13,923.50$16.96 more expensive Exchange Rate0.7182 Transfer Fees$0.00 Transfer Time2-3 DaysGet discounted rate $13,923.50$16.96 more expensive GET THIS DEAL
So, sending USD 10,000 to United States at an exchange rate of 0.7182 will cost you $13,923.50 with no fees.

About XE

XE is a well known and trusted name in the money transfer industry. With over twenty years experience, they now help 33,000 people and 2,000 businesses make transfers each year. Over 60 currencies can be transferred with XE and they pride themselves on the free tools and transparent rates they offer. Click here to read the full review


  • Well known and trusted brand.
  • Very informative website. Extensive information on currency and money transfers.
  • 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.


  • Cannot pay via cash or cheque. Must pay via bank transfer, BPay is also accepted in Australia.
  • Maximum transfer amount is $500,000USD.
  • While XE compares more than 100 currencies, there are only 60 that are available for money transfers.
WorldFirstRead ReviewTotal (AUD)$13,926.30$19.76 more expensive Exchange Rate0.7181 Transfer Fees$0.00 Transfer Time2-3 DaysGet discounted rate $13,926.30$19.76 more expensive GET THIS DEAL
So, sending USD 10,000 to United States at an exchange rate of 0.7181 will cost you $13,926.30 with no fees.

About World First

World First was founded in 2004 in the UK and has grown rapidly with offices now in the U.S., Canada and throughout Asia. They consistently receive strong customer reviews and in a recent study, 98% of their clients said they would use them again.World First have a strong online offering, particular for businesses selling online. They do provide local support as well with offices in Sydney. Click here to read the full review


  • Low fees and great exchange rates
  • Safe and secure transfers
  • Regulated by ASIC and registered with AFSL
  • Great for personal and business payments


  • Does not accept BPAY, credit card, cheque or cash
  • Limited currencies available
HIFXRead ReviewTotal (AUD)$13,926.30$19.76 more expensive Exchange Rate0.7181 Transfer Fees$0.00 Transfer Time2-3 DaysGet discounted rate $13,926.30$19.76 more expensive GET THIS DEAL
So, sending USD 10,000 to United States at an exchange rate of 0.7181 will cost you $13,926.30 with no fees.

About HiFX

HiFX are one of the biggest money transfer companies in the world. Their parent company Euronet is listed on the NASDAQ and recently acquired Xe.com. They are particularly useful for individuals doing regular transfers overseas. HiFX provide competitive exchange rates no matter how much is being transacted. Their $50 minimum transaction size and flat fee makes them a great option for any international payment. Locally, HiFX have Australian offices in Sydney, Melbourne and are expanding to the remaining capital cities. Click here to read the full review


  • Fantastic bank - beating exchange rates
  • Low fees for transactions less than $10, 000
  • No fees for transactions of $10, 000 or more
  • High security transfers regulated by ASIC and FMA
  • Fast and easy for personal or business accounts


  • Only electronic bank transfers accepted
  • Limited exotic currencies
WorldRemitRead ReviewTotal (AUD)$13,988.24$81.70 more expensive Exchange Rate0.7151 Transfer Fees$3.99 Transfer Time1-2 DaysGet discounted rate $13,988.24$81.70 more expensive GET THIS DEAL
So, sending USD 10,000 to United States at an exchange rate of 0.7151 will cost you $13,988.24 which includes a fee of $3.99

About WorldRemit

WorldRemit are particularly good for transfers under $10,000 to destinations across Asia, Africa and South America. Sending money online is significantly easier than using companies like Western Union or Moneygram and their exchange rates and fees are clear and transparent. With 2 million users, WorldRemit has a focus on improving access to remittances for the billions people worldwide who don’t have access to banking. Because of this, WorldRemit has a number of ways to both make and receive transfers. They concentrate on servicing individual needs as opposed to businesses. Click here for the full review


  • They have a great network in Asia and Africa and number of receiving options like cash-pick up or bank transfer.
  • They are clear about their exchange rates and fees
  • No minimum amount


  • Maximum transfer sizes for every transfer
  • No support for business customers
  • They are not licensed to provide financial advice.
OFXRead ReviewTotal (AUD)$14,027.21$120.67 more expensive Exchange Rate0.7129 Transfer Fees$0.00 Transfer Time1-3 DaysGet discounted rate $14,027.21$120.67 more expensive GET THIS DEAL
So, sending USD 10,000 to United States at an exchange rate of 0.7129 will cost you $14,027.21 with no fees.

About OFX

OFX (formally known as Ozforex) is the largest Australian owned money transfer company. It launched in 1998 and grew rapidly until finally listing on the Australian Stock Exchange in 2013. OFX excels in 2 areas – Online experience and customer service. The company was born online and continues to develop easy, intuitive products. While OFX customers do most of their transactions online, they are backed up with exceptional customer service.


  • 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
ANZRead ReviewTotal (AUD)$14,388.49$481.95 more expensive Exchange Rate0.6950 Transfer Fees$0.00 Transfer Time1-2 DaysGet discounted rate $14,388.49$481.95 more expensive GET THIS DEAL
So, sending USD 10,000 to United States at an exchange rate of 0.6950 will cost you $14,388.49 with no fees.
ANZ International Money Transfer is a secure and fast way to transfer money overseas.


  • Fast transfers
  • Safe and secure
  • No fee for transfers under $10 000 via Internet banking


  • $12 fee for transfers under $10 000 via Internet banking
  • Poor exchange rates
  • 24 hour hotline not available
Commonwealth BankRead ReviewTotal (AUD)$14,687.67$781.13 more expensive Exchange Rate0.6814 Transfer Fees$12.00 Transfer Time1-2 DaysGet discounted rate $14,687.67$781.13 more expensive GET THIS DEAL
So, sending USD 10,000 to United States at an exchange rate of 0.6814 will cost you $14,687.67 which includes a fee of $12.00
Commonwealth Bank provides secure and easy transfers to over 200 countries and more than 30 currencies.


  • Fast transfers+ Easy transfers
  • Security guarantee covers any losses from unauthorised transactions


  • $6 fee for transfers under $1000 via Internet banking
  • $12 fee for transfers under $1000 via Internet banking
  • Poor exchange rates