A business account that scales with you

Send and receive money
in multiple currencies

Get your own local and international account numbers to receive money in multiple currencies, just like bank business accounts

All your funds are safeguarded with DBS and other Tier-1 banks

Your funds will always be available to you. Aspire never uses any of your funds

With extra features to support your business

Fast and transparent international payments

Send and receive international payments in 30+ currencies with low, transparent fees

Enjoy market-leading FX rates, up to 3x cheaper than banks

Avoid nasty surprises with charges and FX rates shown upfront, so you know exactly what you’re paying for. No hidden fees

up to
3x cheaper
than banks
Send and receive in
30+ currencies
with low, transparent fees

Try our FX calculator to see the difference in savings

Try our forex calculator for real-time, indicative rates and see how Aspire is a cheaper, faster, and more transparent way to send money abroad. You can check the forex transfer rates for numerous international currencies.

*The calculator is an indication of our real-time rates for SGD foreign transfers. Actual exchange rates may differ based on the use case. For the most updated and accurate rates please access them by logging in to your account.

Singapore Dollar
SGD
United States Dollar
USD
You send
SGD
United States Dollar
USD
Recipient gets
USD
Exchange rate
1 SGD = loading...
Our fee
5.72 SGD
Get Started
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Get the best multi-currency cards with unlimited cashback

Issue unlimited virtual corporate cards with smart controls in seconds

Skip the FX fees with multi-currency cards, or spend with market leading-rates up to 3x cheaper than banks

Get rewarded with unlimited 1% cashback on qualified SaaS and digital marketing purchases

Get physical cards, or choose to go digital banking with Apple Pay or Google Wallet integrations

Close your books 2x faster with native accounting integrations and solutions

Reduce manual errors and save hundreds of hours with Aspire’s native Xero integration that updates hourly

Our advanced integrations include receipt attachments with text recognition, line items, and payment status updates

Powerful integrations extend to other accounting platforms like Quickbooks, Oracle Netsuite, Deskera and SAP

Hear it first from our customers

“As a startup, we needed more flexible solutions to support our increasing needs, as well as ones that’d make the most financial sense in supporting our growth.”
$110,000
Saved per year
900hrs
Saved per year
View Case Study

Gregory Van

CEO of Endowus

"By leveraging Aspire, First Page aimed to establish tighter control over our financial outflows, ensuring that all media spending stayed within the allocated budget limits. This was crucial for maintaining financial discipline and ensuring that our company's marketing efforts were both effective and sustainable."
$ 80,405
Saved per year
2,834hrs
Saved per year
View Case Study

Holly Qian

Head of Finance, First Page Digital

"In the past, we used different devices for calls, music, and work. Just like smartphones brought everything together, Aspire elegantly combines corporate cards, FX, business accounts, payables, and much more, into one user-friendly interface."
$28,037
Saved per year
860hrs
Saved per year
View Case Study

William Chong

Finance Director at Glints

No initial deposit, no minimum balance. Open your business account today.
Get Started for free

FAQ about Aspire Business Account

How long does it take to open an Aspire business account?

Registration with Aspire takes less than 10 minutes which you can do via our website or mobile app.

Once registered, we will get back to you within 5 business days on whether your account has been activated or if we need further documents from you.

Our account verification process varies according to the nature of your business. In exceptional cases, it can take up to 7 days to process your documents.

How much money can I hold in my Aspire Business Account?

There are no limits on the balance you can hold in your Aspire SGD, USD, EUR and IDR Accounts.

How to apply for an Aspire Business account?

You can easily register for an account by clicking here.

Registration with Aspire takes less than 10 minutes and follows 3 steps:

  1. Fill in the business details;
  2. Fill in your director details; and
  3. Verify your identity with a Selfie or with MyInfo.

What you need

In the simplest case, you will need:

  • Your name and ID number
  • Your email and mobile (verified with an OTP)
  • A picture of your identification document (national ID or passport)
  • A live selfie (taken with your phone or computer camera during the registration process)
  • If you already have a business - your business name, UEN, entity type, size (estimated turnover and # employees), and a description of your business activity or the address of your website

Once registered, you will hear from us within 5-7 business days.

We may contact you for more information

If your company has corporate shareholders with more than 25% ordinary shares, we will request their shareholding certificate. This document should show the % ownership and identity of the shareholders (Full name, Unique Identification Number, Nationality, Address).

Examples of documents accepted as certificates of shareholding are:

  • Certificates of incumbency
  • Certificates of incorporation/registration
  • Certified true copies of the shareholding structure, certified by a notary public

For exact details about all document requirements, please check this FAQ.

Is there a minimum balance required for Aspire Business Accounts?

No minimum monthly balance is required to keep your SGD, USD and IDR* Accounts activated.

However, we recommend keeping your subscription plan amount available on your balance to ensure you're up to date with your payment every month.

*To create a recipient or make any transaction on your IDR Account, you'll need to have a minimum balance of IDR 10,000 on your account.

FAQ about business accounts

What is a business account?

To put it simply, a business account is a bank account that you use for your business rather than your personal finances. A business account or a business bank account is focused towards catering a business and thus has features and services aimed towards businesses. It may provide features like low cost FX, Cashback on products & services tailored for businesses, multiple corporate cards, accounting software integrations etc. which a personal account would generally not offer. Here are some reasons why you should not use a personal account for your business.

Which bank is best for business accounts?

There are various factors that decide which business account suits your business the best. You need to carefully evaluate various factors associated with the account, the account provided and your business to decide on which one suits you the best. Some of these factors are:

  1. Reputation of the provider
  2. Expertise
  3. Account features & services
  4. Fees, interest rates, and deposit requirements
  5. Easy of access & account opening
  6. Business entity type
  7. Business size
  8. Business operations - international or domestic etc.

Business accounts in Singapore are offered by various banks such as OCBC, UOB, Maybank, DBS, Standard Chartered etc. We have also compiled an article for you comparing them all.

How do I open a business account in Singapore?

As long as you have your ACRA details, setting up your business account should be easy.

Conventional banks might require you to complete the account setting process and interview in person at a branch location. Fintech businesses, on the other hand, usually provide you with the ability to electronically upload the necessary papers, which speeds up the verification procedure.

The specific documents needed for verification may vary but typically include the following:

  • Proof of identity and address for the user
  • Certificate of shareholding
  • Business constitution or memorandum and articles of association
  • Proof of identification for the business director and majority shareholders
  • Board resolution (if applicable)

The amount of time you need to register to get a business account is another important consideration. Some providers may require a lengthy and difficult procedure to establish an account, while others might offer a quick and easy one.

How much time does it take to open a corporate bank account in Singapore?

It can take anywhere from two business days to a month or longer, on average, to setup a corporate account. The duration is determined by the KYC checks and internal processing times of the banks.

Which bank is the best for small businesses in Singapore?

As mentioned earlier, multiple factors determine which bank account may suit your business the best. Every business has a unique requirement and there is no straightforward answer to this question. Read our article on 'How to choose the right business account for your business'. We have also created an article that compares these bank business accounts, you can read it here: 'Comparing the best SME banks in Singapore'

What is a corporate account for?

A corporate account in Singapore is used as an important tool for businesses to successfully manage their finances, ensuring operational efficiency, financial transparency, and access to critical banking services suited to the needs of Singapore-based enterprises. Businesses generally use their corporate accounts for the following reasons:

  1. To enable business transactions
  2. To help create a segregation of business funds and personal funds
  3. To access additional capital for their growth and operational needs
  4. To enhance finance management efficiency vis access to tools and services such as expense tracking, automated invoicing, and integration with accounting software

What is the difference between a business account and a corporate account?

A corporate account and a business account are frequently used interchangeably. However, there are subtle distinctions between a corporate account and a business account, despite the similarity in terminology.

A corporate account is generally designed to serve larger companies and thus provide products and services tailored to their needs. A business account on the other hand is designed to serve smaller companies, who have their unique set of challenges and requirements.

Is a current account a corporate account?

Yes, a current account can be categorized as a corporate account. A current account is a basic type of bank account that enables businesses to undertake day-to-day financial operations such as receiving payments, paying suppliers, handling payroll transactions, and other operational expenses.