Spot Transfers

spot Transfers

Speedy International Money Transfers

Spot transfers let you exchange currency at today's agreed rate for near-term delivery β€” a fast, straightforward way to make an international payment when you need funds to move quickly.

CurrencyTransfer International Money Transfers

Fast Transfers

Fast Transfers

Best option to transfer money immediately to another currency if funds are required promptly.

Price Transparency

100% Price Transparency

We display the mid-market rate alongside your client rate. No hidden fees.

Live Quotes

Live Quotes

Our quotes are live, refreshed every 15 seconds. Lock in a great rate when it suits you best.

Regulated Suppliers

FCA Regulated Suppliers

All suppliers on our payments network are FCA authorised. Your funds are safe and secure.

Step 1

Get a quote

Log onto your personal CurrencyTransfer dashboard. Select the currency you want to sell (e.g. GBP), the currency you want to buy (e.g. USD), the earliest delivery date and reason for transfer (e.g. Paying Overseas Supplier). Then click β€˜Get quote’ to get the best international wire transfer rates in a matter of seconds!

CurrencyTransfer App Dashboard
Step 2

Benchmark live rates

You will be able to refresh live money transfer quotes every 15 seconds. No need to field sales calls from pushy foreign exchange brokers. No high street banks who only set their exchange rates once a day. Trade on your terms and enjoy the transparency of seeing the β€˜real’ market rate and your live quotes side by side.

CurrencyTransfer App Dashboard
Step 3

Book your spot contract

Once you’re happy with the live rate, lock it in and confirm your currency contract with the best-matched FCA regulated payment partner. Your spot transfer is booked!

CurrencyTransfer App Dashboard
Step 4

Allocate onward payment instructions

You will instantly receive your trade confirmation via email. All you have to do next is to pay for your spot currency contract via bank transfer. If you already loaded up your beneficiaries in your CurrencyTransfer dashboard, then simply allocate the payment. If not, you can add new recipients easily at any time.

CurrencyTransfer App Dashboard

Frequently Asked Questions:

What is a Spot Transfer?

A Spot Transfer is an agreement to exchange currency at an agreed rate for near-term delivery, rather than locking in a rate for a future date. How quickly it settles depends on the currency pair and payment partner β€” some settle within a day or two, others can take up to 5 working days.

How fast is a Spot Transfer?

Settlement time depends on the currency pair and the payment partner handling your transfer β€” it isn't the same for every corridor. Major currencies can settle same-day when funds clear before the partner's cut-off time; other pairs can take up to 5 working days. Your account manager can confirm the expected timeline before you book.

What rate will I get on a Spot Transfer?

CurrencyTransfer shows the live mid-market rate alongside your client rate with no hidden fees, and quotes refresh every 15 seconds so you can lock in a rate when it suits you.

Is there a minimum amount for a Spot Transfer?

Yes β€” the minimum is Β£5,000 GBP or equivalent per transaction.

Who actually holds my funds during a Spot Transfer?

Your Spot Transfer is matched to a specific, FCA-regulated Payment Partner at the point of booking β€” CurrencyTransfer never holds client funds itself. That partner executes and settles the trade, with timing depending on the currency pair and partner involved.

Can we save beneficiary details for repeat supplier payments?

Yes. Beneficiary details can be saved to your account, so recurring supplier or payroll payments can be sent again without re-entering bank details each time.

What's the cut-off time for a same-day supplier payment?

Same-day settlement is available for major currency pairs where funds clear before the payment partner's cut-off time β€” typically 2pm UK time. Timing varies by currency pair and partner, and can take up to 5 working days for less common pairs, so your account manager will confirm the cut-off and expected settlement time for your specific transfer.

Our specialists are on call

Once you open an account with CurrencyTransfer, you get an allocated relationship manager to support you with any query.


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