S Money Currency Exchange - Melbourne City Store
Money exchange located at 44 Spencer Street, Melbourne - near Southern Cross Train Station.
The store is located at 44 Spencer Street, Melbourne VIC 3000.
The store is right next to the Great Southern Hotel and less than 100 metres from Southern Cross Train Station.
It is open 9am to 5pm - Monday to Friday and 10am to 3:30pm on Saturday.
The Rest of Victoria
If you don't live in Melbourne - we can still help you. S Money can delivery to every address in Australia through a premium, secure delivery service through StarTrack by Australia Post.
Post Office Collection
Secure and convenient pick up from your local post office at a flat fee of $19.
- When: Once we receive your payment, it usually takes 3-5 business days depending on where you are in Australia
- Delivery Zones: Australia wide
- Open times: Each post office has its own opening times. Most are open on a Saturday.
- Take your time: Once your order arrives, you have 2 weeks to collect it.
Secure Home Delivery
Whether you want your currency sent to your home, your office or somewhere else entirely it costs only $28.
- When: Once we receive your payment, it usually takes 2-3 business days depending on where you are in Australia
- Delivery Zones: Australia wide
- Delivery Window: 9am - 5pm Monday to Friday. StarTrack will keep you up to date on your delivery status every step of the way
- If you aren't home: Your order will be safely redirected to a nearby post office. You will be notified and can collect it within the next 2 weeks.
- Secure: We use StarTrack Premium for the fastest and most secure delivery service. With photo ID checks and signature on arrival, to make sure your currency arrives in your hands safely
Fees and Charges
Service Fee
The Service Fee depends on the currency and amount you order.
Delivery
$19 fee for Post Office collection. $28 flat fee for delivery to your door.
Express Pickup
In-store transactions are subject to a $9 fee.
Why you get best exchange rates in Melbourne
We visited a number of money exchange locations across the Melbourne CBD and compared their fees and services to find the best currency exchange rates.
Here are the interest things we found:
- There was a massive difference between best and worst as you can see in the table below.
- When compared to online exchange rates, the in-store rates are not as good.
- Foreign currency rates in the Melbourne CBD are better than in the suburbs
| Currency Exchange Store | Exchange Rate for US dollars | Exchange Rate for Euros |
| S Money at 44 Spencer | 0.6861 | 0.6273 |
| United Currency Exchange at QV | 0.6760 | 0.6091 |
| Changjiang on Swanston | 0.6760 | 0.6200 |
| Raffles Forex on Elizabeth | 0.6650 | 0.6000 |
| Red Rate in Chinatown | 0.6618 | 0.5980 |
| Travel Money Oz on Swanston | 0.6576 | 0.5893 |
| Travelex on Swanston | 0.6520 | 0.5800 |
| Travel Money Oz on Elizabeth | 0.6576 | 0.5893 |
| Crown Currency on Bourke | 0.6500 | 0.5880 |
S Money at 44 Spencer street had the best exchange rates for US dollars and Euros, but unlike most other currency exchange stores, they charge a service fee.
For amounts over $1000, they are still the cheapest even including the fee and the only money changer that uses the same transparent rate as you can find online.
United Currency Exchange has long been a great place for currency exchange in the Melbourne CBD. Aside from S Money, they had the best currency exchange rate that we tested. They were also the cheapest for smaller amounts under $100.
Raffles and RedRate used to have some of the most competitive rates but are off the pace.
Travel Money Oz and Travelex have some of the most convenient locations on Swanston street and Elizabeth street. Their rates varied from store to store but are still much better their locations in the suburbs.
While Crown Currency had the worst US Dollar rate, it wasn't that far off the mark. Their rate to buy euros was more competitive and the location in the mall is very handy.
Buying US dollars in Melbourne
The best places to buy US dollars in Melbourne are in the CBD. Bourke Street and Swanston have lots of options but the best deals are found outside of the most popular tourist areas.
There are good options for currency exchange at 44 Spencer Street, along Elizabeth Street or in QV. All have plenty of stock, a choice of denominations and excellent exchange rates. The key is to compare the total cost of each money changer.
The more US dollars you are buying, the more you can negotiate a better deal when dealing with money changers over the counter.
If you can't make into the city, you can also order US dollars online and have it delivered.
Buying Euros in Melbourne
The best places to buy euros in Melbourne are also in the city. These money changers have a good level of stock, range of denominations and are open to negotiation if you are purchasing a larger amount.
Just make sure not to buy 500 or 200 euro notes as they are not accepted in many places throughout Europe.
If you live outside of the major cities, you can also order euros online and have it delivered.
Buying Japanese Yen in Melbourne
If you have ever been to Japan, you'll know that you need to take some cash. Cards aren't accepted as much as in Australia.
The best places to buy Japanese yen in Melbourne are the smaller independent money changers, located in the city. These currency exchange stores have the best exchange rates because they have the most competition.
The more yen you are buying, the more you can negotiate a better deal when dealing with money changers over the counter.
If you live outside of the major cities, you can also order yen online and have it delivered.
More Currency Exchange in Victoria
Not ready to buy yet?
You can get a free rate tracker!
Frequently asked questions
You can either
- Head into one of our stores to buy or sell currency
- Order online and collect your currency at one of our store collection locations or at your local post office
- Order online and have it securely delivered to any address in Australia
Is home delivery safe?
Absolutely. We use StarTrack by Australia Post. The driver will require you to provide I.D before handing the order over. It will not be left unattended or given to anyone else.
What if I’m not home?
Your order will go to your local post office. You will be notified and can head down and collect your order when it’s convenient. Just remember to bring your I.D.
We process your order as soon as we’ve received payment and we try our best to get this to you.
Store Collection orders are available on within 1-3 business day – once we have received your payment.
Home Delivery orders usually arrive the within 2-3 business days – once we have received your payment.
You will be notified by email and text as soon as your currency is ready for collection or delivery.
We have stores in Sydney and Melbourne plus a number of collection locations across NSW, VIC, QLD and WA.
With these collection locations, you must order online and pay before you head into store.
If you don’t live in these areas, we offer safe, fast home delivery to every address in Australia.
The S Money Melbourne CBD store is located at 44 Spencer Street, Melbourne VIC 3000.
The store is right next to the Great Southern Hotel and less than 100 metres from Southern Cross Train Station.
It is open 9am to 5pm – Monday to Friday and 10am to 3:30pm on Saturday.
The S Money Sydney CBD store is located at Wharf 6, Circular Quay.
The store is on the wharf nearest to The Museum of Contemporary Art at The Rocks.
It is open 9am to 5pm – Monday to Friday.
You can sell us your foreign currency at our Melbourne or Sydney store.
In-Store
If you walk in-store, you can pay in cash.
Alternatively if you would like to lock in the rate and the stock, you can place an order online by selecting “Go In-Store” and “Bank Transfer”
Online orders
For store collection and home delivery orders, you will receive an email with instructions on how to pay.
Most customers pay us by an internet banking transfer.
Payments must be made from an account in your name and not from a business account.
We don’t have a minimum order amount.
For Home delivery or Post Office Collection orders, you can order up to $6,000 AUD in one order, and up to $9,500 AUD per day.
For Store Pick orders, you can order up to $20,000 AUD in one order.
Yes! For popular currencies, click Request Denominations when getting a quote.
Please note – denominations requests are not available on all currencies and are not guaranteed. We do our very best to provide the mix of notes you want but it really depends on what stock we have at the time.
These requests are performed on a best efforts basis.
Our fees depend on the currency and amount you order.
We aim to be upfront and transparent about what we charge and what it’s for.
Unlike other businesses we don’t try to hide this charge in the exchange rate. All orders will incur a service fee. This covers the cost of buying the currency and GST, along with a small profit.
