Overview
Corpay, at a glance.
Corpay is an e-money institution headquartered in the United Kingdom, regulated by Financial Conduct Authority, Central Bank of Ireland, ASIC and 3 other regulators. The business account has no monthly fee. Opening an account takes 3–5 days.
Corpay is not a bank. In the UK and EEA, client money is safeguarded by segregation or insurance, with daily reconciliation; FSCS protection does not apply.
Why businesses pick Corpay
- No account fee and no monthly or yearly service fee
- Accounts in the company's own name, with UK Faster Payments
- Payments in 145 currencies to more than 200 countries
- Forwards, options and other hedging tools
- A dedicated account representative
- Licensed in the UK, Ireland, Australia, Singapore, Canada and the US
Watch out for
- Exchange spreads are not published
- Wire payments typically cost $10 to $75
- Accepted countries and company types are not published
- No card with the account
Business fit
Will Corpay accept your business?
Four quick answers. Where your company is registered and what it does rule a provider in or out faster than anything else.
Based on Corpay's published rules
Needs review
Corpay works with Import and export, but does not publish the countries it accepts companies from.
Corpay does not publish a minimum company age or turnover, so those two answers are not checked here.
This is one provider. Your profile checks all of them.
- Every provider that fits your business
- The reason behind each match
- Company age and turnover checked too
Who it works with
Accepted and not accepted.
What Corpay publishes about the businesses it takes on.
Who Corpay serves
- Import and export
- Financial institutions
- Fund managers
- Travel
Not supported
Industries and countries Corpay does not accept, from its own published lists.
Industries
- Not published
Countries
- Not published
Coverage
Where can you use Corpay?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
25+ account currencies
Payments in 145 currencies.
Payment reach
Not published
Who can apply
Company incorporation countries
Not publishedOwner nationality
Not publishedOwner residency
Not publishedCompany types
Not publishedPricing
What does Corpay cost?
Look beyond the monthly fee. Your total cost depends on how many transfers you make, where they go and how much you convert.
Account cost
Opening fee
Free
Monthly fee
Free
Multi-Currency Account
$0 per month
$0 setup · $0 in year one
Transaction fees
| Cost | Listed amount | How it is charged |
|---|---|---|
| Outgoing | ||
| SWIFT / international | $10–75 | Fixed fee; varies by plan · Wire payments, typically |
| To another Corpay account | $0.25–5 | Fixed fee; varies by plan · Local (EFT) payments, typically |
Other fees
Currency exchange (FX)
| Cost | Listed amount | How it is charged |
|---|---|---|
| FX markup | Not published |
Cards
| Cost | Listed amount | How it is charged |
|---|---|---|
| Physical card issue | Not offered | Not available |
Onboarding
From application to live account.
Opening an account typically takes three to five business days.
- 1
Apply
Start the application online or through the sales team.
- 2
Company and people
Give the company's registration details, directors and owners.
- 3
Checks
Upload the documents requested and complete identity verification.
- 4
Account live
Once approved, the account is opened and you receive its details.
Documents you need
Not published
FAQ
Your questions, answered.
Is Corpay a bank?
No. Corpay's cross-border business is run by licensed payment and e-money firms, such as Cambridge Mercantile Corp. (UK) Limited, FCA reference 900702. Client money is safeguarded; FSCS protection does not apply.
How much does Corpay's multi-currency account cost?
Becoming a customer is free and there are no monthly or yearly service fees. Wire payments typically cost $10 to $75 and local payments $0.25 to $5; exchange spreads depend on the currency pair, amount and frequency.
How long does opening take?
Corpay says typically 3 to 5 business days after a complete application; extra currency accounts can then be opened the same day where available.
Who is Corpay for?
Businesses with cross-border receivables and payables, such as exporters, mining and resources, financial institutions, fund managers, travel companies and NGOs.
Alternatives
How Corpay compares.
If Corpay is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 CorpayThis pageE-money institution |      +1 | Business account145 currencies |
| Alpha GroupE-money institution |  | FundsGlobal accounts |
 EburyE-money institution |  | FX and hedgingInternational trade |
 iBanFirstPayment institution | | FX specialistFree account |
 MoneycorpPayment institution |  | FX130+ currencies |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.