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Is there a fee for locking FX rates?
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?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.
- 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.
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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.