Sleek virtual card review 2026: Features, fees, and benefits

Rating

Overall rating: 3.6/5

Methodology

Our evaluation of the Sleek virtual card is based on a structured framework tailored to how modern businesses use virtual cards for payments and expense management.

Arithmetic mean approach

The final score is calculated by averaging all category scores to provide a balanced assessment.

Equal weighting with relevance adjustment

Each pillar is assigned weightage based on its real-world importance. Core areas such as FX pricing, global usability, and spend control carry a higher weight, while supplementary features such as rewards carry a lower weight.

Data sources

This evaluation is based on official Sleek documentation and publicly available product features. Where pricing details are not publicly disclosed, scores reflect the limitation of available information.

Interpretation caveat

The rating reflects a generalised use case and may vary depending on transaction size, frequency, and international exposure.

Intended use

This rating is designed as a directional guide for comparison and decision-making, not a definitive recommendation.

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Key features of the Sleek virtual card

Visa-powered virtual cards issued instantly

Sleek issues virtual corporate debit cards on the Visa network. Cards can be issued instantly, with spend limits set per team member and expenses managed directly through the Sleek app.

No fees, no minimum balance

The Sleek Business Account has no service fees and no minimum account balance, making it accessible to early-stage businesses and founders.

Multi-currency support with competitive FX rates

Sleek supports sending and receiving money in 12+ currencies with FX rates starting from 0.2%. This makes it a cost-effective option for businesses with straightforward international payment needs. Note that currency and country coverage apply to supported markets only.

Automatic accounting integration

Transactions sync automatically with SleekBooks, Sleek's built-in bookkeeping tool, reducing the need to manually reconcile expenses or chase receipts.

All-in-one business platform

The Sleek Business Account sits within a single platform that also covers accounting, corporate secretarial, and compliance. This makes it particularly convenient for businesses already using Sleek for company administration.

MAS regulated

Sleek holds a Major Payment Institution licence from the Monetary Authority of Singapore.

Sleek virtual card fees and exchange rates in 2026

Before using the Sleek virtual card, it is worth understanding where costs apply and where they do not. Sleek's fee structure is straightforward for local transactions, though some details around foreign currency spending are not fully disclosed publicly.

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How to get a Sleek virtual card in Singapore

Getting a Sleek virtual card is straightforward and tied directly to opening a Sleek Business Account. The card is issued as part of the account; there is no separate application process.

Step 1: Register your business with ACRA

Your company must be legally registered with the Accounting and Corporate Regulatory Authority before you can open a Sleek Business Account. If you are already a Sleek customer for incorporation or corporate secretarial services, the connection to your Sleek Business Account is made seamlessly from within the Sleek platform.

Step 2: Log in to your Sleek dashboard

Log in to your Sleek account dashboard or create a new account, then select ‘Open a business bank account’ from the Requests section. Choose ‘Sleek Business Account’ and click ‘Next.’

Step 3: Complete verification

Submit your company details, including your ACRA business profile, director identification, and shareholder information. This can be done entirely online.

Step 4: Wait for approval

Most accounts are approved within 5 working days. For existing Sleek customers, priority onboarding of 1 to 3 working days is available.

Step 5: Access your virtual card

Once your account is approved, your Visa-powered virtual card is issued instantly through the Sleek dashboard. You can set spending limits for team members and begin making payments right away.

Who is the Sleek virtual card best suited for

New businesses incorporating through Sleek

The card is a natural fit for founders already using Sleek for incorporation, corporate secretarial, or accounting. The business account and virtual card are on the same platform, eliminating the need to set up a separate banking relationship.

Early-stage startups needing a simple, low-cost card

No monthly fees, no minimum balance, and instant virtual card issuance make Sleek a practical starting point for businesses that need a basic payment card without complexity.

Businesses using SleekBooks for accounting

Automatic transaction sync with SleekBooks makes the card convenient for founders who want spending and bookkeeping managed in one place.

Businesses making straightforward international payments

With 12+ currencies and FX markup starting at 0.2%, the card handles basic cross-border payments for businesses with simple multi-currency needs.

Pros and cons of the Sleek virtual card

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Sleek virtual card vs Aspire corporate card

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Other alternatives to the Sleek virtual card in Singapore

Wise Business

Wise Business is designed for companies that prioritise transparency in foreign exchange and international payments. It allows businesses to hold and transact in multiple currencies while offering virtual cards linked to these balances. Its straightforward pricing structure can help businesses better understand and manage cross-border costs.

Traditional banks (DBS, OCBC)

Traditional banks such as DBS and OCBC also provide virtual card options linked to business accounts or credit facilities. These solutions may offer additional benefits such as access to credit lines, rewards, or established banking relationships. However, they may have fewer customisation and expense management features compared to fintech platforms.

Revolut Business

Revolut Business offers virtual cards as part of a broader financial platform that includes multi-currency wallets and expense management tools. It provides flexibility in issuing and managing multiple cards for teams, along with features for tracking and categorising spending. Its interface and card-level controls can appeal to businesses looking for operational flexibility.

Airwallex

Airwallex is well-suited for businesses with cross-border operations or international payment needs. It provides multi-currency accounts, virtual cards, and relatively competitive foreign exchange rates for global transactions. The platform also supports integrations and APIs, which can be useful for businesses managing payments across multiple geographies.

Conclusion

The Sleek virtual card is designed to work within a broader framework that combines payments with accounting and compliance support. By connecting card transactions directly to bookkeeping, it helps businesses simplify expense tracking and maintain organised financial records without relying on multiple tools.

That said, different businesses require different levels of functionality depending on how they operate. Companies that need more advanced spend controls, operational flexibility, or end-to-end payment capabilities may look for solutions that extend beyond an accounting-centric setup.

In addition to corporate cards, expense management, and budget controls, Aspire's all-in-one finance management platform supports payroll processing, bulk payments, and local payment capabilities such as CPF contributions, GIRO transfers, and PayNow or FAST payments. This enables businesses to manage employee payouts, vendor payments, and statutory obligations efficiently from a single platform, while maintaining visibility and control over cash flow.

Open an Aspire business account to explore a more comprehensive approach to managing business finances.

Frequently asked questions

Are Sleek virtual cards physical or digital only?

Sleek virtual cards are issued in digital form and are designed primarily for online transactions, subscriptions, and controlled business spending.

Can multiple virtual cards be issued for a single business account?

Yes, businesses can issue multiple virtual cards to team members or for specific use cases such as subscriptions or vendor payments. This helps track and control expenses at a granular level.

How secure are Sleek virtual cards?

Virtual cards are designed with security features such as unique card numbers and the ability to freeze or disable cards when required. This can help reduce the risk associated with online transactions.

Is Sleek Business Account a bank?

No, Sleek is not a bank. It operates as a Major Payment Institution (MPI) licensed by the Monetary Authority of Singapore (MAS) under licence number PS20200521.