Rutland FX Detailed Review

Rates, Fees, Limits, Safety and More

Last updated: June 22, 2024

What is Rutland FX? An introduction

Rutland FX is a cross-border payments and foreign exchange specialist. Known for its competitive rates and great customer service, Rutland FX aims to make international transactions easy and affordable for both individuals and businesses. With a strong commitment to honesty and reliability, Rutland FX has become a trusted name in the currency exchange industry.

Rutland FX company information

Rutland FX was established in 2016 and has been operational for almost 10 years. The company is based in London at 86-90 Paul Street, EC2A 4NE.

Rutland FX offers competitive exchange rates with live customer support representatives available to assist customers. Specializing in cross-border payments, Rutland FX does not offer any prepaid or debit cards.

The service provides an online platform for making transfers, and customers can also book transfers over the phone or via email with their account manager. Rutland FX facilitates international payments to over 170 countries and allows customers to receive payments from over 120 countries in more than 37 currencies.

Rutland FX is a UK-based international remittance and payment specialist with a focus on competitive and convenient international money transfers. Rutland FX supports sending money to more than 170 countries in over 37 global currencies.

What services does Rutland FX provide?

Rutland FX provides a variety of foreign exchange services, including:

• Same day international payments
• Free multi-currency accounts
• Competitive spot FX rates
• Business, individual, and joint accounts
• FX forward contracts up to 12 months
• Dedicated personal account executive assigned to your account

Rutland FX provides a variety of useful international FX services that include international money transfers and payments, multi-currency accounts, spot transfers, forward contracts and dedicated account managers.

Which countries does Rutland FX operate in?

Rutland FX is headquartered in London at 86-90 Paul Street, EC2A 4NE and operates during UK local time from 8:30 AM to 5:30 PM. However, you can reach their account executive outside of these hours for assistance.

Where can I send money from with Rutland FX?

Rutland FX allows you to send money from the following countries: Aland Islands (ALA), Austria (AUT), Belgium (BEL), France (FRA), French Guiana (GUF), Gibraltar (GIB), Greece (GRC), Guadeloupe (GLP), Hungary (HUN), Iceland (ISL), Italy (ITA), Latvia (LVA), Liechtenstein (LIE), Lithuania (LTU), Luxembourg (LUX), Malta (MLT), Martinique (MTQ), Mayotte (MYT), Monaco (MCO), Norway (NOR), Poland (POL), Portugal (PRT), Réunion (REU), Romania (ROU), Slovakia (SVK), Slovenia (SVN), United Kingdom (GBR), and United States (USA).

Where can I send money to with Rutland FX?

You can send money to over 170 countries in the following currencies: GBP, CZK, DKK, EUR, HUF, NOK, PLN, RON, SEK, CHF, TRY, MXN, USD, CAD, BHD, ILS, KWD, OMR, QAR, SAR, AED, KES, ZAR, UGX, AUD, HKD, INR, IDR, JPY, MYR, NZD, CNY, PHP, SGD, and THB.

Rutland FX allows you to send money from numerous countries in Europe, United Kingdom and United States to over 170 countries. You can send and receive money in more than 37 currencies.

What are Rutland FX's fees and exchange rates?

Rutland FX tends to provide competitive exchange rates. They also do not charge any fees which is great news as you do not lose money on transfer fees with them.

Are Rutland FX exchange rates good?

Rutland FX offers competitive exchange rates, often better than those offered by traditional banks.

The company is committed to being transparent, ensuring customers understand the rates they receive. Typically, the FX margin charged by Rutland FX ranges from 0.15% to 0.50% based on the volume and the currency pair.

During major market events, the spread may be wider than usual, so it may be better to avoid converting currency around these events for the best possible rate.

Rutland FX will also take into consideration if the customer has a repeat currency requirement or if it is a one-off transaction. If it is a repeat requirement, Rutland FX will be able to offer better rates.

Rutland FX is very competitive when it comes to exchange rates and transfer fees, but we always recommend to our readers to do more research and see what other money transfer companies have to offer. The more knowledgeable you are, the better choices you can make when picking a partner to send money with. When you compare money transfer providers, you can see the pros and cons of various companies and decide who can satisfy your unique requirements the best.

Even though it is possible to compare remittance companies manually, you can spend a significant amount of time doing so. An easy alternative is to rely on RemitFinder's online remittance comparison platform. RemitFinder compares hundreds of money transfer companies side-by-side so you have accurate and updated information about the latest exchange rates and promotions.

Is Rutland FX a cheap way to send money overseas?

For amounts above GBP 2,500 (or currency equivalent), Rutland FX is very competitive as they do not charge any fees and offer a competitive exchange rate that is close to the mid-market rate. This makes Rutland FX a cost-effective option for international money transfers.

How do I avoid Rutland FX fees?

Rutland FX does not charge any transfer fees.

Note that in some cases, you may experience correspondent bank fees which are out of Rutland FX's control.

How much money can I send with Rutland FX?

There are no strict limits on the amount of money that can be sent with Rutland FX, making it suitable for both small and large transactions.

Note that regulatory requirements may necessitate additional verification for very large amounts.

Rutland FX does not impose any upper limits on the amount of money you can send with them. In some cases, there may be legal requirements that could impose limits or necessitate additional validation for large transfers.

How long does it take for Rutland FX to send money overseas?

Rutland FX offers same day payments if the conversion is settled by applicable cut-off times. The vast majority of same day payments sent by Rutland FX arrive within a few hours.

However, in some cases, transfers can take between 1-3 business days, depending on the destination country and the receiving bank.

Rutland FX international money transfers can finish within a few hours if sent before cut-off times. All other transfers finish within 1-3 business days.

How can I pay for my Rutland FX money transfer?

In the international money transfer business, you will need to send your funds to your chosen money transfer company to finance your transaction with them. How you choose to pay for your international money transfer is termed a payment method.

Rutland FX accepts their customers money via a bank transfer. This means that you will need to deposit your source currency into Rutland FX's bank account via a bank transfer.

Which payment method should I use to pay for my Rutland FX money transfer?

Rutland FX only supports a bank transfer as their standard payment method.

We recommend that whenever possible, do your bank transfer to Rutland FX's account using local bank transfers like ACH or direct debit. This is because they are generally free in most countries.

If you do a domestic wire transfer to fund your money transfer, you may have to pay a domestic wire transfer fee.

How can my recipient get paid with Rutland FX?

On the receiving side of an international money transfer, you have to decide how to pay your recipient in their home country. The manner in which you credit your overseas receiver is called a delivery method.

Rutland FX supports bank deposit as their standard delivery method. This means that the money you send to your overseas recipient via Rutland FX will get directly deposited into their local bank account.

Rutland FX supports bank transfer as their standard payment method and bank deposit as the delivery method.

Which delivery method should I use for my Rutland FX money transfer?

You can only choose a bank deposit as your delivery method for international money transfers that you send via Rutland FX. Make sure to get bank account details from your recipient so the funds can reach their bank account without any issues.

Are there any Rutland FX coupon codes or promotions I can use?

No, Rutland FX does not currently offer any promotional rates.

If Rutland FX offers any future deals or promotions, we will make sure to add them on this page. Check out this Rutland FX detailed review from time to time to ensure that you do not miss out on any future discounts or offers.

While it is possible to look out for Rutland FX promotions and deals manually, doing so can be very time consuming. An easier method to do this is to sign up for the RemitFinder daily exchange rate alert. Our daily alert costs nothing and you will get access to the latest exchange rates and offers from numerous money transfer companies including Rutland FX.

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How can I find Rutland FX near me?

Rutland FX is an online only company so there is no need to go into their office or branch. Simply sign up online and create your account to get started with your international money transfers with them.

What is the best way to find a Rutland FX Sending Location near me?

There are no offices or agent locations necessary when sending money with Rutland FX as they operate their international money transfer business online. Simply visit their site, create an account and start sending money.

What is the best way to find a Rutland FX Payment Location overseas?

Your overseas recipient does not need to go to any Rutland FX location or agent office to pick up the money you send to them. This is because Rutland FX finishes international money transfers by depositing funds directly into the recipient's bank account.

Is Rutland FX a safe way to send money abroad?

Rutland FX implements quite a few methods and measures in a bid to ensure the safety and security of their customers' money and confidential information. Here are some ways that Rutland FX tries to protect your funds and personal data.

• Rutland FX's platform is powered by Currency Cloud, which is a Visa company that is fully regulated and authorized to handle money in various countries that they operate in.
• Rutland FX uses a third party security partner called Onfido to verify customer accounts and prevent fraud. Onfido's security platform helps Rutland FX with identity verification and background checks to ensure that you are opening your account on your behalf and no one else is impersonating you.
• Rutland FX enforces Two-Factor Authentication (2FA) for account access. This helps prevent unauthorized access as you must have one more way to access your account like an authenticator app or your mobile phone in addition to logging in with your account credentials.
• In partnership with Currency Cloud, Rutland FX implements safeguarding of customer funds. This means that your money is kept in safe accounts at major banks separately from Rutland FX's or Currency Cloud's own operational funds. Safeguarding is a financial industry best practice that ensures that your money stays safe even if Rutland FX or Currency Cloud become insolvent.
• Rutland FX enforces adding a new money transfer recipient only via the online portal or by emailing their operations team from your registered email address. This ensures fraud prevention as your account access is secured with 2FA.

Rutland FX implements numerous security and safety protocols and best practices in an effort to keep your money and private information safe.

Can I trust Rutland FX?

An important spectrum of being able to trust a financial company involves looking into their legal and regulatory status in their operating countries and regions. Here is some legal and regulatory information related to Rutland FX.

• Rutland FX is a trading name of Rutland Foreign Exchange Limited which is a company registered in England and Wales (register number 10435401) with its registered office located at 3rd Floor 86-90 Paul Street, London EC2A 4NE.
• The Rutland FX trading platform is powered by Currency Cloud, a subsidiary of Visa. Currency Cloud Limited is regulated and authorized by the Financial Conduct Authority (FCA) as an Electronic Money Institution (EMI), under the firm reference number 900199.
• For its operations in the United States, payment services for Rutland Foreign Exchange Limited are provided by The Currency Cloud Inc., which operates in partnership with Community Federal Savings Bank (CFSB) to facilitate payments in all 50 states in the US. CFSB is registered with the Federal Deposit Insurance Corporation (FDIC Certificate# 57129).
• The Currency Cloud Inc is registered with FinCEN and authorized in 39 states to transmit money (MSB Registration Number: 31000206794359). Registered Office: 104 5th Avenue, 20th Floor, New York , NY 10011.
• For its European operations, payment services for Rutland Foreign Exchange Limited are provided by CurrencyCloud B.V. Registered in the Netherlands No. 72186178. Registered Office: Nieuwezijds Voorburgwal 296 - 298, Mindspace Nieuwezijds Office 001 Amsterdam.
• CurrencyCloud B.V. is authorized by the DNB under the Wet op het financieel toezicht to carry out the business of an electronic-money institution (Relation Number: R142701).

Rutland FX's platform and services are empowered by Currency Cloud which is a fully regulated financial company in various countries. Rutland FX is a UK-based company headquartered in London.

How good is Rutland FX's service?

Another great way to validate if a product or service is good or not is to check what other customers are saying about it. In the following section, we will check if Rutland FX's past and current customers are happy with their international money transfer service or not.

What do users have to say about Rutland FX?

Let us check Rutland FX's ratings and reviews^ on popular review platforms and major mobile app stores to see what users think about their service.

• On Trustpilot, Rutland FX is rated 4.6/5.0 with 127 reviews
• On Google, Rutland FX is rated 4.9/5.0 with 15 reviews
• Since Rutland FX does not have mobile apps, there are no reviews on Google Play Store or Apple App Store

^Ratings on various platforms as on June 21, 2024

Rutland FX has excellent reviews on both Trustpilot and Google. There no reviews on mobile app stores as Rutland FX does not have mobile apps.

Rutland FX has received excellent ratings on both Trustpilot and Google, reflecting high levels of customer satisfaction. Users frequently praise the company for its competitive exchange rates, efficient transaction processes, and good customer service.

Have you used Rutland FX yet? If so, please consider leaving a review on RemitFinder so other users can benefit from your expertise and experience.

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Is Rutland FX the best choice for me?

Based on our in-depth review and analysis of Rutland FX international money transfer service and associated aspects, it becomes evident that Rutland FX has quite a few strong areas. Below is a list of areas that help make Rutland FX an impressive international money transfer provider:

• Wide range of currencies and countries served: With Rutland FX, you can send money to and from hundreds of global destinations in more than 37 currencies. This coverage provides very good opportunity for customers from various parts of the world to utilize Rutland FX for their next international money transfer.
• Competitive exchange rates: Rutland FX charges flexible FX margins that decrease with higher amounts. This means the exchange rate you get continues to get better as you send more money and regularly.
• Low transfer fees: Rutland FX does not charge any transfer fees so you do not lose money in charges and fees when you send money overseas with them. Note that correspondent banks may still charge fees depending on source and destination country/currency combination.
• Fast transactions: Most Rutland FX money transfers finish in 1-3 business days. If you are able to meet applicable cut-off times, same day transfers can finish in minutes.
• Secure platform: Rutland FX is powered by Currency Cloud which is fully regulated and monitored in various operating countries. Additionally, security best practices like safeguarding and 2FA help make your money transfer with Rutland FX more secure.
• Dedicated personal account executive: With Rutland FX, you will get a dedicated personal account manager to assist you with your international money transfers with them. Your account exec will also help answer any questions you may have. It is always good to have someone to lean on when you need to send money overseas.
• Excellent customer service: Rutland FX provides very good customer service to its customers. This is further validated by their excellent Trustpilot and Google reviews. Most customers seem to like Rutland FX and their service.

RemitFinder likes Rutland FX for providing vast remittance corridor coverage, competitive exchange rates, low transfer fees, quick international transfers and a secure platform that aims to protect their customers money and information.

What are the best reasons to use Rutland FX?

Rutland FX is a very good option for individuals looking for competitive exchange rates, minimal fees, and dependable service. Its broad array of services and extensive network make it a good fit for a diverse range of transfer requirements.

Below, we present some common use cases where Rutland FX may prove to be a dependable partner for your next international money transfer.

• If you are looking for a money transfer company that provides competitive exchange rates and low transfer fees, Rutland FX may be a good choice as they satisfy both of those needs. You generally pay 0 fees and get a competitive exchange rate that gets better with higher value and more frequent transfers.
• We all want peace of mind when it comes to the safety of our personal data and funds. Rutland FX strives to ensure that your money is safe along with your confidential information. Having partnered with Currency Cloud, which is authorized and regulated in many countries, Rutland FX keeps security as a top priority.
• Sometimes you may need to rush money overseas for urgent matters. Rutland FX can be a dependable ally to assist you with quick transfers as their transactions finish within 1-3 business days. Same day transfers can finish with just a few hours.
• In case you need to move large sums of money abroad for any reason, Rutland FX can be a good partner as they do not enforce any upper sending limits. In some cases, legal regulations may enforce a limit or you may be required to provide additional documentation for higher transfer amounts.
• If you like the security of banks and wish to make international bank-to-bank transfers, Rutland FX can be a good choice as they support bank transfer and bank deposit on both ends of the international remittance transaction. This means you pay for your transfer with your bank account and your overseas recipients gets the funds in their bank account.
• Sometimes you may have questions related to your transfer or might be curious about an aspect of international remittances. The good news is that with Rutland FX you always get a dedicated account manager who can assist with your international transfers as well as answer any questions you may have.

Rutland FX's strengths and advantages make it a very good choice for many money transfer scenarios when sending money overseas.

What type of transfers can I make with Rutland FX?

You can make various types of international money transfers with Rutland FX.

As a Rutland FX customer, you can make both personal and business transfers, including spot transfers, forward contracts, and recurring payments.

You can make various types of transfers with Rutland FX that include spot transfers, forward contracts, and recurring payments. Rutland FX provides these services for both individuals as well as businesses.

What are various ways to send money with Rutland FX?

You can send money online via the Rutland FX website using a bank transfer as a payment method. This is convenient and easy as you do not need to visit any offices, branches or agent locations.

How to send and receive money with Rutland FX?

Sending money internationally with Rutland FX is simple and easy. As a matter of fact, the end-to-end money transfer flow can be completed on the Rutland FX website in just a few clicks. Check out the following section to learn how to send money quickly and easily with Rutland FX.

Step by step guide to send money with Rutland FX

You can send money abroad quickly With Rutland FX in just a few minutes. Below, we present a step-by-step guide to send money internationally with Rutland FX:

• Step 1: Determine if you want to use Rutland FX for your international remittance. Given the recent wave of international remittance service providers, choosing who to go with may seem fairly difficult at first. One good way to proceed is to compare various money transfer companies using RemitFinder's online money transfer comparison platform. RemitFinder helps you easily compare the pros and cons of numerous remittance companies with each other. This way, you can see which companies match your requirements, and can select the best match.





• Step 2: Sign up for an account on the Rutland FX website. If you are not an existing Rutland FX, sign up for a new account with them.
• Step 3: Verify your identity. As part of security and compliance, Rutland FX will need to verify your identity. Provide necessary information and documentation to ensure that Rutland FX can determine it is you trying to open your account on your behalf.
• Step 4: Select the amount and destination of the transfer. To start your new Rutland FX international money transfer, simply enter the amount you wish to send and the destination country and currency.
• Step 5: Choose the payment method. In this step, select how you wish to pay for your transaction. Note that Rutland FX only accepts bank deposits.
• Step 6: Confirm the transaction details. Once you have entered all needed information, make sure to check everything for accuracy. If all looks OK, confirm your new money transfer. Rutland FX will take it on from here and work on your transfer.
• Step 7: Track the transfer until it reaches the recipient. Finally, make sure to track your transaction till it completes and the funds have been deposited into the overseas recipient's bank account.

It is quick and easy to start your first international money transfer with Rutland FX. The process takes only a few steps and can be completed quickly and easily.

How can Rutland FX help me send money?

Rutland FX provides customer support and online resources to guide you through the transfer process, ensuring a smooth experience.

You can also check out our step-by-step guide to send money with Rutland FX to finish your first transfer with them.

Do I need a Rutland FX account to receive money?

No, you do not need a Rutland FX account to receive money that was sent to you by someone using Rutland FX's international money transfer service.

This is because Rutland FX only supports bank deposit as their standard delivery option. This means that the money will be directly deposited into your local bank account.

Does Rutland FX have a mobile app?

No, Rutland FX does not currently have a mobile app.

That said, their online platform is fully functional on mobile web browsers. This means that you can easily use Rutland FX on your mobile phone.

How do I track my Rutland FX transfer?

Rutland FX international money transfers can be tracked online via the Rutland FX website. Rutland FX will also keep you posted on real-time updates related to the status of your transaction.

Can I use Rutland FX for international bank transfers?

Yes, Rutland FX specializes in international bank-to-bank transfers. To do this, simply pay for your transfer with a bank transfer and choose to pay your receiver abroad with a bank deposit as well.

This way, you would have sent an international bank transfer with Rutland FX, albeit at competitive rates, low transfer fees and fast processing times.

Is Rutland FX online better than sending money in-person in stores?

Rutland FX is a fully online only money transfer company. In that sense, there are no offices or stores to go to. You can access Rutland FX's money transfer services 24x7 from anywhere.

Rutland FX is an online money transfer company and there is no need to send money in-person with them. You can access their platform 24x7 anywhere based on your convenience.

Does Rutland FX have a rewards program?

Currently, Rutland FX does not have a rewards program. If that changes in the future, we will update this review with that information.

What customer support options are available with Rutland FX?

In case you have any questions related to your Rutland FX money transfer, or have any other general queries, you can easily contact the Rutland FX customer support team.

To get in touch with Rutland FX customer support, you can choose any of the options below:

• Calling on 0203 026 0112.
• Emailing at support@rutlandfx.com.
• Visiting office at 3rd Floor 86-90 Paul Street
, London EC2A 4NE.
• Opening a support ticket on Contact Us page.
• Requesting a callback on the Contact Us page

Note that Rutland FX customer support team is available between 8:30 AM to 5:30 PM BST.

Connecting with Rutland FX customer support team is easy - you can call, email, visit their office, open a support ticket or request a callback.

Can I cancel my Rutland FX transfer?

If you think you have made a Rutland FX money transfer by mistake, you should try to cancel your transaction as soon as possible.

If your international payment has not yet been processed and dispatched, you can simply go to your account, lookup the pending transaction and cancel it.

If your international payment has been processed and dispatched, it cannot be canceled. In some circumstances, Rutland FX may be able to assist in recalling dispatched funds. To request a recall of funds for a completed transaction, contact Rutland FX's support team at support@rutlandfx.com.

How do I delete my Rutland FX account?

If you wish to delete your Rutland FX account, reach out to their customer support team and someone will assist you with your request. Make sure to keep a copy of your transaction history for future reference purposes.

Additional Information

Legal and Regulatory Compliance

Here is some useful legal and regulatory information about Rutland FX:

• Rutland Foreign Exchange Limited is registered in England and Wales (register number 10435401) with its registered office located at 3rd Floor 86-90 Paul Street, London EC2A 4NE.
• Rutland FX is powered by Currency Cloud, a subsidiary of Visa.
• Currency Cloud Limited is regulated and authorized by the Financial Conduct Authority (FCA) as an Electronic Money Institution (EMI), under the firm reference number 900199.
• In the United States, Currency Cloud Inc. operates in partnership with Community Federal Savings Bank (CFSB) to facilitate payments in all 50 states in the US.
• Community Federal Savings Bank (CFSB) is registered with the Federal Deposit Insurance Corporation (FDIC Certificate# 57129).
• Currency Cloud Inc is registered with FinCEN and authorized in 39 states to transmit money (MSB Registration Number: 31000206794359).
• In Europe, CurrencyCloud B.V. is registered in the Netherlands (registration no. 72186178).
• CurrencyCloud B.V. is authorized by the DNB under the Wet op het financieel toezicht as an electronic-money institution (Relation Number: R142701).