Home > For You > Top 5 Myths
Top 5 Myths about International Money Transfers
How it works
Currency Converter
Register with us
Security of Funds

Call Me Back

Overseas Property
Emigration
Regular Overseas Transfer
Types of Transactions
Testimonials
Mortgages
Removals/Storage
Open a bank account in Spain

Frequently Asked Questions

RationalFX Online
Top 5 Myths

 

1. My bank will provide me with the best exchange rates;
after all I have been their customer for several years!

Whether you are transferring £5000 or £50,000, normally
banks would provide you with “tourist rates”. It would be
very similar to when you change your £200 into Euros at a
Bureau de change at the airport. This may or may not be
the best rate! At RationalFX, we buy currency in bulk from
the market at a wholesale rate and pass on the benefit to you.

2. I feel lost in the currency jargon. I definitely need to be
a currency guru to get a good rate!

You do not need to know any jargon. At RationalFX, your
dedicated account manager will explain you various deal
options in plain and simple English so that you can make an
informed decision. Your account manager would be your
one point contact for all your foreign exchange needs.

3. The amount that I am transferring is not that big, it won't
make much difference anyway!

Money saved is money earned! You would be surprised how
much money you can save by using us. Give us a call to find
our how much can we save you!

4. Irrespective of the amount, I will have to pay the Wire
transfer fees.

The wire transfer fee is not mandatory at all. If you are
transferring over £5,000, we provide you with completely
free express transfer to anywhere in the world

5. As the rate is good right now, I should buy it now

Exchange rates fluctuate all the time. We offer a way that you
can secure yourself into a rate for anything upto 2 years. You
will only need to put down 10% of the amount that you wish
to transfer, as deposit. This way you have taken your risk out
of the market and can still earn interest on the larger part of
your Sterling.


 

Copyright 2006 Rational Foreign Exchange Ltd. All rights reserved. maintained by: Effectz