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Make your transfer on the spot
What is a spot deal?
Let’s say you need to transfer some money overseas and you like the exchange rate where it is right now - your answer is a spot deal.
When you make a spot deal you are locking in your desired market rate immediately and making an agreement to exchange one currency for another for payment within two days. This date is known as the ‘spot date. ’
The ‘spot date’ is almost always within two business days of the transaction.
The spot exchange rate is the rate at which the transaction is made.
If you are satisfied with the spot exchange rate you can confirm your deal on the spot and agree to settle within two working days.
The many benefits of a spot deal...
- A spot deal is a simple, fast and cost effective way to make an international money transfer.
- Making a spot deal allows you to benefit from market leading rates, at any given time.
- Your money can then be accepted in bank accounts in more than 140 countries.
Why make your spot deal with us?
- At Travelex International Payments, we routinely check the rates of banks and competitors to ensure we deliver a great overall price for all your international money transfers and if you do find a cheaper quote elsewhere within 30 minutes we’ll beat it. Find out about the International Payments Price Promise and start saving today.
- We send money to more than 50 countries worldwide and are trading in 46 currencies.
- Compare our rates with your bank’s today to discover how we can help you save on all your international money transfers.
Register now to make a spot deal and benefit from our market leading rates.
Contact us to speak to our customer service team 24 hours a day Monday – Friday and find out more about spot rates and our many other services.
Travelex International Payments service is brought to you by OzForex .
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The Travelex International Payments service is provided in Australia by OzForex Limited (ACN: 092-375-703) (“OzForex”).
Information on this website is intended for residents of Australia only.
This information has been prepared for distribution over the internet and without taking into account the investment objectives, financial situation and particular needs of any particular person. OzForex makes no recommendations as to the merits of any financial product referred to in this website, emails or its related websites. Please read our Product Disclosure Statement and our Financial Services Guide.
Before acting on any general advice on this website, you should consider its appropriateness to your circumstances.
This website contains information obtained from sources believed to be reliable and has been prepared in good faith and with all reasonable care. OzForex makes no warranty, express or implied, concerning the suitability, completeness, quality or exactness of the information and models provided in this website.
Neither OzForex, its related entities, nor any of its providers of information, have any liability to the user, or any other third party, for the accuracy of the information or models contained in this website, or for any errors or omissions therein, nor will OzForex or any of its providers of information have any liability for the use, interpretation or implementation of the information or models contained herein by any person.
Travelex receives 50% of net revenue arising from OzForex’s provision of Travelex International Payments services. Net revenue is the revenue arising from foreign exchange margins (or spread) and fees, less all costs incurred in providing the services including but not limited to, administrative costs, compliance costs and sales and marketing costs.
For further details refer to the OzForex Financial Services Guide.
Price Promise *Conditions Apply. Refer to the International Payments Price Promise Terms & Conditions.
**Exchange rates are current at the time of conversion and are subject to change without notice. Exchange rates are indicative only and do not include fees and charges that may apply. Certain foreign currencies are not available under Travelex International Payment service.
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