Skip to main content Skip to accessibility page Skip to search input

Spot transactions

Spot deals refer to the 'immediate' exchange of currencies at the prevailing market rate as determined by the size of the transaction...

BankSA offers a competitive foreign exchange dealing service for the professional needs of importers and exporters. Spot transactions can be conducted in over 15 currencies.

In the wholesale Foreign Exchange market, settlement occurs two business days after the transaction has been concluded. This is the technical meaning of the term 'spot'. Generally however, settlement of Foreign Exchange transactions are settled on a 'Value Today' or 'Value Tomorrow' basis.

Need more information?

If you have any questions or want more information, you can contact us online or call us toll free on 1300 550 249.

Read the Product Disclosure Statement.

Important Information

For foreign currency notes & travellers cheques enquires, please contact 1800 804 411.