RationalFX review April 2021 | International money transfers | Finder

RationalFX international money transfers

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Send money worldwide and enjoy bank-beating exchange rates when you transfer funds overseas with RationalFX.

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With competitive exchange rates and no fees over the phone, RationalFX allows you to send funds to more than 170 countries around the world.

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RationalFX exchange rates and fees

RationalFX's exchange rates are regularly updated in line with changes to mid-market rates. It also guarantees that the rate quoted when you book your transfer is the rate you’ll get when your transaction is sent. You can get a quote for free on the RationalFX website or over the phone.

Minimum transfer amount and available countries

There is no minimum transfer amount if you choose to send with RationalFX.

RationalFX allows you to send funds to more than 170 countries around the world and cover a lot of the major currencies. A full list of transfer destinations is available from the provider, but some of the major currencies RationalFX allows you to transfer include the following:

  • CNY Chinese yuan renminbi
  • EUR Euro
  • GBP Pound sterling
  • HKD Hong Kong dollar
  • INR Indian rupee
  • USD US dollar

What types of transfers can you carry out with RationalFX?

RationalFX provides the following range of transfer options to help you save time and money when sending funds overseas:

  • Spot transactions. Send an international money transfer straight away at the best exchange rate available at the time.
  • Regular payments. Save time and money by setting up a recurring payment schedule free of charge.
  • Forward contracts. Fix an exchange rate up to two years ahead of a transfer date.
  • Limit orders. Choose your preferred exchange rate and RationalFX will monitor the market 24 hours a day and automatically place the order when that rate becomes available.

If you ever need help with a transaction, RationalFX offers phone and email customer support as well as a handy online FAQ section.

The registration and transfer process

It’s easy to send an international money transfer with RationalFX. All you have to do is follow a few simple steps:

  1. Open an account. It’s quick and free to open an account by completing an online application form. You will need to provide your name, contact details, proof of ID and proof of address to get started.
  2. Book your currency. You can get a quote and book your currency online through your RationalFX account, or complete this step over the phone with your personal account manager.
  3. Pay for your transfer. The next step is to pay for your transaction by debit or credit card or by transferring money from your bank account.
  4. Send your money. RationalFX will securely transfer the money via SWIFT to your recipient’s bank account.

Most transfers are completed within 1-2 business days.

Pros and cons of using RationalFX

Pros

  • Competitive exchange rates. Get a free exchange rate quote to see how RationalFX’s rates compare with those offered by other money transfer providers.
  • Fee-free transfers. You will not have to pay any transfer fees or commissions.
  • Send money around the world. RationalFX allows you to send money to more than 170 countries around the world.

Cons

  • No Australian customer support. RationalFX has offices in England, France and Spain, but none in Australia.

What other products and services does RationalFX offer?

  • Premier Service. This is RationalFX’s high-end currency transfer service for clients with high net worth. Customers who choose this option enjoy access to a Premier Account Manager who can provide a concierge-style service and expert advice to manage all your transfer needs.
  • Business transfers. From importing and exporting to paying overseas contractors and salaries, RationalFX offers a wide range of flexible transfer solutions for business customers.
  • IT solutions. RationalFX also offers a number of bespoke options to allow businesses to incorporate RationalFX’s services into their own website. These include integrating RationalFX’s payment platform into your website and integrating your own payment platform with the provider’s payment processing system.

About RationalFX

Founded in 2005, RationalFX is based at Canary Wharf in London’s financial district and employs a team of 70 people. To date, it has helped more than 80,000 clients transfer more than US$8 billion around the world.

How does RationalFX compare to other providers?

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
GBP 0 1 - 2 days AUD 1.99 36.844 PHP
184,146
Special offer: $40 off when you transfer more than $250+ with code AUFIND40, conditions apply.
Azimo sends money directly to a bank account or over 280,000 cash pick-up points. It also has fast transfers to 50+ countries.
Go to site Show details
AUD 2,000 1 day AUD 0.00 36.955 PHP
184,775
Send guarantees to match any competitor’s exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.
Go to site Show details
AUD 2,000 1 day AUD 10.00 36.955 PHP
184,406
Better exchange rates for Finder customers.
WorldFirst sends 60+ currencies at competitive rates. If you find a better eligible quote, WorldFirst will beat it.
Go to site Show details
AUD 250 1 - 2 days AUD 15.00 36.955 PHP
184,221
$0 transfer fees for Finder customers.
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
Go to site Show details
AUD 1 1 day AUD 30.00 37.103 PHP
184,404
Pay no fees on your first two transfers, up to $3,000.
SingX offers the real exchange rate every time you make a transfer and can help you send money across the world.
Go to site Show details
AUD 10 Within an hour AUD 2.99 36.695 PHP
183,367
Special offers like free transfers and better exchange rates available for new customers.
Remitly has quick, affordable transfers around the world, with both express and economy options.
Go to site Show details
AUD 1 Same day AUD 0.00 36.918 PHP
184,590
XE has fast transfers with no fees and a range of foreign currency tools. Go to site Show details
AUD 200 1 - 2 days AUD 25.00 36.762 PHP
182,891
Exclusive: Use code FINDER10 to receive US$10 off your first transaction.
InstaReM offers simple transfers with a flat 0.5% transfer fee for most transfers. Zero-margin rates on some currencies.
Go to site Show details
AUD 5 1 - 2 days EUR 3.00 36.732 PHP
179,574
Special offer: Zero fees on your first 10 transfers.
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Go to site Show details
AUD 1 Same day AUD 3.99 36.658 PHP
183,145
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
Go to site Show details
AUD 1 1 - 2 days AUD 30.00 37.103 PHP
184,403
Wise uses the mid-market rate and transparent fees to help you send money in 50+ currencies. Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

Frequently asked questions

RationalFX offers a wide range of flexible features to suit anyone looking for an affordable way to send money overseas, so make sure to include it in your calculations when comparing money transfer providers.

International Money Transfer Offers

Important Information*
Logo for Azimo International Money Transfers
Azimo International Money Transfers

Special offer: $40 off when you transfer more than $250+ with code AUFIND40, conditions apply.
Azimo sends money directly to a bank account or over 280,000 cash pick-up points. It also has fast transfers to 50+ countries.

Logo for TorFX International Money Transfers
TorFX International Money Transfers

TorFX guarantees to match any competitor's exchange rate. Conditions apply.
TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.

Logo for Send International Money Transfers
Send International Money Transfers

Send guarantees to match any competitor’s exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.

Logo for WorldFirst International Money Transfers
WorldFirst International Money Transfers

Better exchange rates for Finder customers.
WorldFirst sends 60+ currencies at competitive rates. If you find a better eligible quote, WorldFirst will beat it.

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2 Comments

    Default Gravatar
    MARY
    July 21, 2017

    I have a question about RationalFX. When they say phone transfer, do they mean mobile money wallet? Do they have cash pick up option?

      Avatarfinder Customer Care
      Rench
      July 22, 2017

      Hi Mary,

      Thanks for reaching out to us. Please note that we are not affiliated with RationalFX or any company we feature on our site and so we can only offer you general advice.

      RationalFX allows you to book currency transfers over the phone with your personal account manager.

      Please contact RationalFX directly to inquire further.

      Cheers,
      Rench

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