When to use a cross-currency transfer
Use a Transfer when money moves between two of your own accounts and those accounts are in different currencies — for example moving USD from a home bank into a local EUR account. Transfers do not get a category, because you are not spending; you are relocating value you already own.
If the money left your world entirely (a payment to someone else), that is an expense, not a transfer. If money arrived from outside, that is income. Cross-currency transfers are specifically for account-to-account moves inside Rasa Money.
People living across borders use this constantly: salary in one currency, rent in another, or moving travel money before a trip. Keeping both legs inside a transfer preserves the story that the money never left your personal accounts.
How to record it
Choose Transfer, then pick your payment (source) account and a receiver account in a different currency. Rasa Money fetches a live exchange rate and suggests how much will land in the receiving account.
There is a control to flip which direction you are reading the rate in if that is easier to follow. You can always type a different amount yourself when your bank converted at a slightly different rate than the suggestion.
If you are dating the transfer in the future, you can choose whether the converted amount stays locked or keeps updating as rates shift between now and then. Lock it when you already know the booked amounts; leave it flexible when you want the suggestion to track the market until the date arrives.
After you save, open both account cards and confirm the outflow and inflow look right in their native currencies. If the receiving amount is wrong, edit the transfer rather than adding a “fixing” expense, which would distort spending reports and budgets.
Tips and gotchas
Double-check which account is paying and which is receiving before you save — reversing currencies after the fact usually means editing or replacing the transfer. Also confirm both accounts are active and that your plan allows the currencies involved.
Pending versus completed still matters: a pending transfer can affect available balances before current balances catch up. Confirm when the move has actually cleared in real life.
Basic plans limit how many currencies you can hold. If you cannot pick the receiving account you expect, check plan limits and whether the account is inactive. Also verify the transfer date — backdating uses historical rate context differently than dating something in the future with a flexible conversion.
What to read next
For how rates and base currency totals work across the app, see How Rasa Money handles multiple currencies. For ordinary same-currency transfers and the rest of the form, see Filling out the transaction form.
If converted dashboard totals still confuse you after a transfer, revisit base currency and display settings. The transfer records the economic event; base currency only changes how rollups are presented.