S Money Review

Learn more about ordering currency online with S Money.

S Money review

What is S Money?

S Money is an online only currency exchange.

You buy your foreign currency online, pay for it and then collect it in store or have it delivered to your door.

Their exchange rates are the same you see online at XE or Google making them different from other foreign currency providers like Travelex or Travel Money Oz.

While they may have the best exchange rates, S Money charges a service fee. It starts at $9 for small amounts.


Pros and cons of using S Money

  • Excellent exchange rates
  • Transparency - the exchange rates are the same as you see on Google or XE.com
  • Faster than any other online currency exchange
  • Their service fee is low, clear and easy to understand
  • Collection options Australia wide
  • Can add home delivery or local collection
  • There’s no minimum amount
  • Can't pay for your currency via cash or cheque
  • A maximum order size of $6000 Australian dollars worth of currency
  • Only sell the top 15 currencies
  • You can't sell currency to them (in exchange for Australian dollars)

When to use (and avoid) S Money to buy foreign currency

S Money is one of the cheapest ways to buy currency in Australia, but they do have some limitations.

They are particularly good if you are comfortable buying and paying for it online. Their exchange rates and fees are transparent so you always know what you are paying for without having to worry about any hidden fees.

The drawback of using S Money is in their service offering.  They don't have free store collection. You pay $14 for home delivery or local collection.

So they are a cheap, fast and safe option if you are buying a popular currency  but If you need a less popular currency, there are better options.

S Money Exchange Rates

1 AUD0.65690.60970.52271.069895.2531

You should know

The rates displayed are the “interbank” or “wholesale” exchange rates that you can find on Google or XE.
S Money are the only online currency exchange that match these rates so there are no hidden exchange rate margins.

Compare S Money exchange rates to Australian banks and foreign exchange providers

How to use S Money

There are three main steps to ordering currency online with S Money

OFX Review Registration

Step 1: Order

Choose the currency you need to buy, the amount you need and how you would like to collect it.

OFX Review Money Transfers

Step 2: ID and Payment

You'll need to provide some ID. Once the transaction is confirmed, pay for your order.

OFX Review Payments

Step 3: Get your currency

Pick up from store or get it delivered to your door.

Is S Money safe?

S Money is safe and legitimate.

Like all registered money changers, S Money must comply with Australian Anti-Money Laundering and Counter Terrorism laws.

What does this mean?

Well, it means that you'll have to provide a valid ID if you want to order currency with them, and you'll have to use this same ID when you collect your order.

OFX Review on Safety

How long does it take?

OFX Review on Money Transfer Timing

It depends on how quickly you pay them. Most orders are ready for collection or delivery within 3-4 business days of placing an order.

For example, if you ordered your currency on Monday and paid for it straight away, your order should be ready to be picked up in store on Thursday or Friday

This is the one of the quickest ways of buying currency in Australia.

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Last updated
October 3rd, 2023