All-in-one digital business account to empower your business

Everything you need to build, run, and scale your business globally from day one
Funds safeguarded with Tier-1 banks in Singapore
Aspire business account

Borderless Account, just like your business

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Open your business account in 1 day

100% remote business account opening, and get access to your multi-currency account details within hours
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Transparent and low cost FX

Enjoy savings on international payments, up to 3x cheaper than banks. Always know your costs before making transfers
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Earn unlimited cashback

Earn 1% cashback from select merchants, stacked on top of FX gains from your multi-currency corporate card spend
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Send and receive money in multiple currencies

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Get your own local and international account numbers to receive money in multiple currencies, just like a bank
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All your funds are safeguarded with Tier-1 banks in Singapore
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Your funds will always be available to you. Aspire never uses any of your funds
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Quick and remote access to your Business Account

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Account opening is 100% online. You don't have be based locally to use our global Business Account
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Open local collection and sending accounts in USD, EUR, GBP, SGD, IDR and other major currencies
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Get your own unique business account numbers to receive, invoice and accept money from international customers in their preferred currency
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Make fast and transparent international payments, online!

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Send and receive international payments to your business account in 30+ currencies with low, transparent fees
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Enjoy market-leading FX rates, up to 3x cheaper than banks
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Avoid nasty surprises with charges and FX rates shown upfront, so you know exactly what you’re paying for. No hidden fees
small business bank account

Pay like a local with free domestic transfers

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Send and receive domestic SGD transfers via FAST and PayNow
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Send PayNow transfers to anyone or any company via QR code, or to mobile numbers, NRIC, UEN, or VPAs
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Send and receive USD, IDR, EUR, and GBP domestic transfers for free
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Get the best multi-currency cards with unlimited cashback

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Issue unlimited virtual corporate cards with smart controls in seconds
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Skip the FX fees with multi-currency cards, or spend with market leading-rates up to 3x cheaper than banks
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Get rewarded with unlimited 1% cashback on qualified SaaS and digital marketing purchases
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Get physical cards, or choose to go digital with Apple Pay or Google Wallet integrations
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Close your books 2x faster with native accounting integrations and solutions

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Reduce manual errors and save hundreds of hours with Aspire’s native Xero integration that updates hourly
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Our advanced integrations include receipt attachments with text recognition, line items, and payment status updates
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Powerful integrations extend to other accounting platforms like Quickbooks, Oracle Netsuite, Deskera and SAP

Trusted by 15,000+ modern businesses

Payments to vendors have been efficient and timely, saving precious time for the team to analyse trends and improve spending needs. Issuing company cards to multiple departments have been a breeze, and managing department costs were easy to track.

Kenneth Chew

Finance Manager

Saved on average: 117 hours and $44,325 a year

Calculate how much your company would save
Payments to vendors have been efficient and timely, saving precious time for the team to analyse trends and improve spending needs. Issuing company cards to multiple departments have been a breeze, and managing department costs were easy to track.
Kenneth Chew - Finance Manager

Aside from expediting expenses processing, Aspire’s ability to do rebates accorded to expenses supporting business growth was definitely the icing on the cake.

Gregory Van

Gregory Van

Saved on average: 117 hours and $38,800 a year

Calculate how much your company would save
Aside from expediting expenses processing, Aspire’s ability to do rebates accorded to expenses supporting business growth was definitely the icing on the cake.
Gregory Van - CEO

Aspire’s suite of automation tools  revolutionized the way we approach expense management. Now, our teams on the ground have a way to make purchasing decisions easily without the hassle of out-of-pocket expenses.

Gibran Huzaifah

Co-Founder and CEO

Saved on average: 1,155 hours and $198,565 a year

Calculate how much your company would save
Aspire’s suite of automation tools revolutionized the way we approach expense management. Now, our teams on the ground have a way to make purchasing decisions easily without the hassle of out-of-pocket expenses.
Gibran Huzaifah - Co-Founder and CEO

Aspire gave our team the flexibility to make their own purchasing decisions that were otherwise impossible with a more conventional banking solution.

Ajay Bulusu

Co-Founder

Saved on average: 600 hours and $70,000 a year

Calculate how much your company would save
Aspire gave our team the flexibility to make their own purchasing decisions that were otherwise impossible with a more conventional banking solution.
Ajay Bulusu - Co-Founder

Our partnership with Aspire has given us just the tools and insights we need to prepare for any scenario. Thanks to our new expense management solution, we can continue to scale and take on bigger and more exciting clients and projects.

Amritpal Singh

Co-Founder

Saved on average:760 hours and $73,000 a year

Calculate how much your company would save
Our partnership with Aspire has given us just the tools and insights we need to prepare for any scenario. Thanks to our new expense management solution, we can continue to scale and take on bigger and more exciting clients and projects.
Amritpal Singh - Co-Founder
View all Testimonials

Frequently asked questions 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.

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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.

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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 certificate 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.

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Is there a minimum balance required for Aspire Business Accounts?

No minimum 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.

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Frequently asked questions 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 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.

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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.

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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 identificatin for the business director and majority shareholders
- Board resolution (if applicable)
The amount of time you need to register in order 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.

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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.

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Which bank is the best for small business 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'

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