Charge Transfer (CT) molecular complexes have recently received much attention in a broad variety of fields. The time‐dependent density functional theory (TDDFT), which is essential for studying CT complexes, is a well‐established tool to study the excited states of relatively large molecular systems. However, when dealing with donor−acceptor molecules with CT characteristics, TDDFT calculations based on standard functionals can severely underestimate the excitation energies. Here, we demonstrate that TDDFT can reliably be used for the calculations of the excitation energies of charge transfer molecular complexes, such as, Ar‐TCNE (TCNE = tetracyanoethylene; Ar= benzene, naphthalene, anthracene, etc.) when using range‐separated DFT and range‐separated double‐hybrid DFT functionals. The interactions between the donor‐acceptor moieties of these molecular complexes are also studied and the relationship between the interaction and the charge transfer energies are shown here.