Spot Contracts - Send money overseas quickly
ServicesA Spot Contract allows you to make a single currency transfer at the current exchange rate.
The best option for those who need to make a payment today or within the next 1-2 business days.
When timing matters, a Spot Contract lets you secure the current exchange rate and complete your transfer without delay.
Once your funds are received, they are exchanged straight away and sent to your chosen recipient.
Key benefits of Spot Transfers
Fast settlement
Once your funds arrive, they are exchanged immediately and sent on – often within hours.
Get the current exchange rate
You secure the live market rate at the time of booking, giving you clarity on exactly how much your transfer will be worth.
The risk of waiting
If the rate moved before the payment was made, the same transfer could cost more than expected.
Ideal for time-sensitive payments
Spot Contracts are suited to urgent transfers, whether you’re completing a property purchase or making a one-off payment overseas.
Real life scenario
How a Spot Contract can help
Exchange rates can move quickly between planning and payment – especially when transferring larger amounts.
Here’s how acting at the right time can make a difference.
Plans start to take shape
A couple planned renovations on their overseas property, agreeing to pay a contractor €60,000.
Strong initial exchange rate
At the time of planning, the exchange rate was favourable, meaning the payment would have cost significantly less if completed straight away.
The risk of waiting
If the rate moved before the payment was made, the same transfer could cost more than expected.
Taking action with a Spot Contract
By securing the rate and sending the funds immediately, they removed the uncertainty and kept their costs under control.
Our team are available Monday to Friday, 8:30am to 6pm
Testimonials
Join thousands of satisfied customers
Having been trusted by over 50,000 customers to safely transfer their money abroad, we’ve gathered thousands of real customer reviews. See what our customers have to say on independent reviews website, Trustpilot.
Rated Excellent for Currency Exchange & Money Transfers
“Excellent service, great exchange rate so close to market spot value. Very impressed will use again.”
Raymond Ings View all testimonialsRated Excellent for Currency Exchange & Money Transfers
“We have used Smart Currency twice and both times the funds went through fast and straight forward. Rates were competitive, the service was professional and the transfer system is easy to use.”
Mr Broughton View all testimonialsContact us today
Enquire about a Spot Contract
Let us know a little more about your upcoming currency exchange needs, and one of our currency experts will be in touch.
Avoid losing money if currencies move against you.
Access a dedicated account manager
Secure, quick and efficient transfers.
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Spot Currency FAQs
What is a Spot Contract?
A Spot Contract allows you to exchange currency at the current rate and send money overseas straight away.
It’s typically used when you need to make a payment within the next 1-2 business days.
How quickly will my transfer be completed?
Once your funds reach our account, they are exchanged immediately and sent to your recipient.
In many cases, funds arrive the same day or within 1-2 business days, depending on the currency and destination.
Is a Spot Contract the right option for me?
A Spot Contract is best suited to time-sensitive transfers where you’re ready to proceed straight away.
If your transfer is planned for a future date, other options may help you manage exchange rate movements more effectively.
What exchange rate will I receive?
You’ll receive the live exchange rate available at the time you book your transfer.
Your currency specialist will confirm the rate before you proceed, so you know exactly what to expect.
Are there any fees?
We don’t charge transfer fees. Instead, we apply a small margin to the exchange rate, which will be clearly explained before you book.
Is this service safe?
Yes. We operate under strict regulatory requirements in Australia and follow robust processes to keep your funds secure at every stage.
Can I speak to someone before booking?
Yes. In order to open an account and book a transfer, all customers are required to speak directly with a currency specialist who will explain your options and help you decide if a Spot Contract is right for your situation.
