SPOT TRANSFERS
Instant Access to Competitive Rates
Secure the Best Rates, Instantly
Get a Quick Quote
Secure the Best Rates, Instantly
Spot transfers are ideal for businesses and individuals who need to make immediate currency conversions. Whether you’re settling an invoice, making an investment, or sending money overseas, our Spot Transfers provide access to competitive exchange rates with fast and secure execution.
Real-time Rates: Access live market rates for transparent and accurate pricing
Immediate Execution: Secure your desired rate and complete your transaction instantly
Flexible Delivery: Choose to deliver funds immediately or hold them in your account for future use
No Hidden Fees: Enjoy transparent pricing with no unexpected charges
Simple and Efficient Process
Our streamlined process makes spot transfers quick and easy:
Get a Quote: Contact your dedicated account manager or use our online platform to get a real-time quote.
Book Your Rate: Secure your desired rate and confirm the transaction details.
Send Funds: Transfer the funds to your Provision Currency account.
Receive Payment: Your recipient will receive the funds in their local currency within a few hours (or on your chosen date).
Ready to Make a Spot Transfer?
Contact us today to get a quote or open an account and start enjoying the benefits of our Spot Transfers.
We’re more than just money transfers.
At Provision Currency, we're more than just a foreign exchange provider. We're your strategic partner, dedicated to making global transactions simple, secure, and successful. Our partnership with a world-leading technology platform allows us to offer competitive, bank-beating exchange rates and lightning-fast remittance services, ensuring your money moves efficiently across borders.
We understand that every client is unique. That's why we offer tailored FX solutions for businesses of all sizes, from large corporations to ambitious SMEs, as well as private individuals with diverse financial needs. Our team of experienced account managers is always on hand to provide expert guidance and support, ensuring you have the tools and knowledge to navigate the complexities of the global currency market.
Data
Protection
ProVision Currency and The Currency Cloud Limited is registered with the UK Data Protection Act.
Client’s personal data shall be obtained only for specified and lawful purposes.
Segregated Client Accounts
All funds are sent to segregated client accounts held with our banking providers. The client accounts are ring-fenced from the company’s funds, and therefore protected from the unlikely event of any financial difficulties within the company. Clients money always stay separate to any of our liquidity.
Safeguarded Bank Accounts
The Client’s accounts are ring fenced from the company’s funds so your money remains protected at all times. Our partners stop safeguarding your funds once the money has been paid out.
Data
Security
Certified under ISO/IEC 27001:2013, the international best practice standard for information security management. Registered with FinCen in the United States and authorised in 22 states to transmit money
Need Help?
Find Answers Here
We’re here to help! Browse our FAQ section for answers to common questions about our services, fees, and security measures. If you need further assistance, don’t hesitate to reach out – our team is always happy to help.
What is the minimum and maximum amount I can transfer using a Spot Transfer with Provision Currency?
We offer flexible transfer limits to accommodate various needs. While we don’t have a minimum transfer amount, the maximum amount may vary depending on the currencies involved and your account type. Contact your dedicated Account Manager for personalized guidance on your specific requirements.
How long does it take to complete a Spot Transfer with Provision Currency?
Spot Transfers are executed instantly, allowing you to secure the current exchange rate and initiate your transfer immediately. The time it takes for the funds to reach your recipient’s account depends on the destination country and their bank’s processing times, but we strive to deliver most payments within a few hours.
Can I track the progress of my Spot Transfer?
Yes, you can easily track the progress of your Spot Transfer through our online platform. You’ll receive real-time updates on the status of your payment, ensuring transparency and peace of mind.
What happens if the exchange rate changes after I've booked a Spot Transfer?
Once you’ve booked a Spot Transfer, the exchange rate is locked in, regardless of any subsequent market fluctuations. This provides you with certainty and protects you from potential losses due to unfavorable rate movements.
What is a spot transaction in foreign exchange?
A spot transaction is an agreement to buy or sell a currency at the current market rate for immediate delivery (typically within two business days). It’s the most common type of FX transaction, ideal for those needing to make quick and efficient payments.
How do I find the best exchange rate for my spot transfer?
Compare rates from different providers and consider factors like fees, speed of service, and customer support. Our team at Provision Currency is committed to providing competitive, bank-beating rates and transparent pricing.
What are the fees associated with spot transfers?
Some providers charge transaction fees or hidden markups within the exchange rate. At Provision Currency, we pride ourselves on transparent pricing with no hidden fees, ensuring you get the best value for your money.
Is it safe to send money internationally using a spot transfer?
Yes, spot transfers are generally safe when using a reputable and regulated provider like Provision Currency. We employ robust security measures to protect your funds and personal information throughout the transaction process.
What factors influence exchange rates in the spot market?
Spot exchange rates are influenced by a wide range of factors, including economic indicators, interest rates, political events, and market sentiment. These factors can cause rates to fluctuate constantly, creating both opportunities and risks for those engaged in international transactions.
What are the advantages of using a spot transfer over other FX products?
Spot transfers offer immediate execution at the current market rate, making them ideal for time-sensitive payments or when you need to take advantage of favorable market conditions. They also provide transparency and simplicity, as you know the exact exchange rate and fees upfront.
How can I ensure I get the best possible rate on my spot transfer?
Monitor the market, compare rates from different providers, and consider timing your transaction strategically. Our dedicated Account Managers can provide expert guidance and help you identify the optimal time to exchange currency.
What should I look for when choosing a provider for spot transfers?
Choose a provider with competitive rates, transparent fees, fast and secure payment processing, and excellent customer support. Look for a company with a proven track record and a commitment to meeting your specific needs.