Is there a fee for locking FX rates?

Lock your FX rate Send money

Locking FX rates is free. Instarem doesn’t charge a fee, and Corpay doesn’t charge for booking a forward contract either. However, they may request an initial deposit based on your company profile.

Related FAQs

Why should my business consider locking FX rates? Why partner with Corpay for locking in FX rates? If I lock in a rate and a better one comes up later, can I switch? How does locking an FX rate work? What’s the difference between FX hedging and forward contracts? Why should my business consider locking FX rates? Why partner with Corpay for locking in FX rates? If I lock in a rate and a better one comes up later, can I switch? How does locking an FX rate work? What’s the difference between FX hedging and forward contracts?

Didn’t find what you were looking for?

Have a Personal Instarem account?

Log in to your account on the Instarem app or web.
Go to your Profile section.
Tap on Help Center.
Search for the relevant topic.
Raise a ticket or chat with us if you didn’t find what you were looking for.

Have a Business Instarem account?

Log into your account on the Instarem business portal.
Tap on Help.
Search for the relevant topic.
You can raise a ticket by:
- Clicking Submit a request at the top-right corner of the Help Centre page, or
- Clicking Raise a ticket after selecting a topic or FAQ.
We’ll get back to you once your request is submitted.