Is there a fee for locking FX rates?

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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

Who do I contact for help while signing up with Corpay? Can I book FX rates directly from my Instarem business account? How can I lock FX rates? What is the maximum duration I can lock an exchange rate for? How does a forward contract work? What’s the difference between FX hedging and forward contracts? Can I use my Instarem business account for transfers originating outside the country in which it is registered? Which countries can I transfer money to using Instarem? At what rate will Instarem transfer my money?  How much does it cost to send money with Instarem?  How long does it take Instarem to process my transaction?  When can I start making a transaction with Instarem? 

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