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Aspire Business Account vs GLDB Multi-Currency Account
Aspire gives startups, SMEs, and mid-sized companies one platform for banking, international payments, and financial operations. GLDB is a digital bank offering multi-currency accounts for businesses with cross-border needs. Here's how they compare.
About Aspire
Aspire Business Account is a Multi-Currency Business Account offered by Aspire, who operates as a Payment Services Institution in Singapore.
About GLDB
GLDB Multi-Currency Account is a Multi-Currency Business Account offered by GLDB, who operates as a Wholesale Bank in Singapore.
Aspire Business Account vs GLDB Multi-Currency Account key differences
Here's a side-by-side comparison of both accounts to highlight key differences and help you choose the best business account for your needs.
| Payment Services Institution | Wholesale Bank | |
|---|---|---|
| Business account | ||
| Account type | Multi-Currency Business Account | Multi-Currency Business Account |
| Payment rails | Domestic: FAST, GIRO, MEPS, PayNow, Local TT International: ACH, SEPA, SWIFT, FPS | Domestic: MEPS, Book Transfer (within GLDB) International: SWIFT |
| Local collection accounts | 8 currencies (SGD, USD, EUR, GBP, MYR, PHP, IDR, VND) | SGD only |
| Batch payments | Supports in SGD, INR, USD, IDR, MYR, EUR, PHP, AUD, THB, VND | Not available |
| API | Yes | Yes |
| Expense management | Offered natively for free; full expense management: corporate cards, real-time spend tracking, approval workflows, employee claims & reimbursements, budget management, receipt upload, accounting integration | Not offered |
| Invoicing | Offered natively | Not offered |
| Pricing and fees | ||
| Monthly fee | No monthly fee (Basic plan) / SGD $15 (Premium plan) | No monthly fee |
| Account set up fee | No account setup fee | No account setup fee |
| Minimum balance | No minimum balance required | No minimum balance required |
| Local transfer fee (sending) | PayNow, FAST, Recurring/ Scheduled Transfers, Local TT: Free | Within GLDB: Free; MEPS: SGD $20/transfer |
| International transfer fee (sending) | SWIFT: USD $15 (SHA), USD $30 (OUR) | 1/12% of amount; min SGD $40/USD $40; max SGD $150/USD $150 |
| Receiving payments fee | Local Receive: Free International Receive: SGD $35 for SGD account / USD $8 for other accounts via SWIFT | Not publicly disclosed |
| FX markup | From 0.22% | Not publicly disclosed |
| Global coverage | ||
| Supported currencies | 30+ currencies: SGD, USD, EUR, GBP, AUD, CAD, HKD, JPY, INR, IDR + 20 currencies more | SGD + USD; additional currencies available |
| Global payment network | 130+ countries | Not publicly disclosed |
| Integrations and ecosystem | ||
| Integration with third-party apps | 30+ integrations. Key apps: Amazon, Apple Pay, Xero, Info-Tech, Stripe | Not publicly disclosed |
| Accounting software integrations | Integrates with 10+ softwares. Direct integration with Xero and Quickbooks | Not offered |
| E-commerce integration | Yes, with Shopify, Temu, Shopee, Amazon | Not publicly disclosed |
| ERP Integration | Yes | Not publicly disclosed |
| Support | ||
| Customer support | In-app live chat; email | Chatbot; phone; email |
Business account
Pricing and fees
Global coverage
Integrations and ecosystem
Support*Fees may vary, Comparison as of July 2026
Trusted by 50,000+ modern businesses
4.5 rating
3 reasons why Aspire is better
Aspire is built to be your primary business account, helping you save more, earn more, and move faster in your day-to-day operations. Here's how Aspire stands out.
Currency flexibility that scales with your business footprint
With Aspire you can hold SGD, USD, EUR, GBP, MYR, PHP, IDR, VND and access multi-currency infrastructure that supports 30+ currencies for outbound and inbound payments, ensuring your account keeps pace as you expand into new regions. GLDB Multi-Currency Account is focused on SGD, meaning international payments require currency conversion at every step. For businesses with exposure across Southeast Asia, Europe, or North America, Aspire's currency reach reduces the need for supplementary accounts.
Real-time visibility into team spending, no add-on required
Aspire gives finance teams real-time visibility into every card transaction, approval status, and expense claim, without subscribing to a separate spend management tool. GLDB Current / Multi-Currency / Deposit offers neither invoicing nor expense management natively, meaning you'd need separate tools and subscriptions to replicate what Aspire provides out of the box. The practical benefit for finance teams is a smaller tool stack with fewer data handoffs and less reconciliation overhead.
Accounting sync and 30+ app integrations
Aspire connects natively with Xero and QuickBooks for real-time accounting sync, alongside 30+ other business tools covering e-commerce, payments, and operations. GLDB Current / Multi-Currency / Deposit has minimal or no third-party integrations, meaning manual data entry and reconciliation across systems. Native integrations tend to be more reliable and require less ongoing maintenance than third-party connectors.
How Aspire works
Aspire brings together the security of traditional banking with the innovation of modern fintech to create the future of business finance. Here's what makes our platform uniquely powerful:
Trusted banking foundation
Your money is safeguarded in Tier 1 banks like DBS Singapore, and backed by partnerships with Citibank, JPMorgan, and Visa. Get the security of traditional banking with the speed of modern fintech - all fully compliant with MAS regulations.
Seamless global payments
Send and receive payments in 30+ currencies across 130+ countries at market-leading rates. Our transparent fee structure means no surprises, while smart workflows streamline your operations from payroll to revenue collection.
AI-powered financial control
Take charge with intelligent tools built for modern business. From multi-level approvals to real-time fraud detection, automated reconciliation to comprehensive integrations - work smarter, not harder.
Run your finances from one place
Open a multi-currency business account with no monthly fee, built-in invoicing, and real-time expense tracking.
Frequently asked questions about Aspire Business Account vs GLDB Multi-Currency Account
Businesses that want to move faster than traditional banking allows should choose Aspire over GLDB Multi-Currency Account. Specifically, growing startups and SMEs will benefit from Aspire's multi-currency wallets and 30+ currencies for cross-border activity, full built-in expense management and corporate cards, and 30+ integrations with tools like Xero, Shopify, and Stripe. If your team is scaling quickly and needs a platform that grows with you rather than a bank account that slows you down. Aspire is the natural choice. <div
GLDB suits businesses that primarily operate in USD alongside SGD, given its multi-currency account structure covering both currencies. As a wholesale bank with no monthly fee or minimum balance, it suits established businesses that need a digital-first USD operating account in Singapore. Businesses with USD-denominated operations or trade flows that don't require the broader multi-currency and fintech tools of a platform like Aspire may find GLDB a practical fit. <div
GLDB is a wholesale bank whose API is designed for embedded finance and supply chain platforms rather than general-purpose SME banking. Its MEPS fee of SGD $20 per transaction and international transfer minimums of SGD $40 make it expensive for frequent domestic operations. Aspire's free PayNow and FAST transfers and lower SWIFT fees better suit businesses with regular payment activity. Aspire also includes native expense management with approval workflows, invoicing, batch payments, and 30+ integrations that GLDB does not offer for general business use. For businesses evaluating both operational tooling and transfer cost, Aspire's all-in-one platform at zero monthly fee represents substantially better value than GLDB's per-transaction fee model. GLDB's strength is institutional: wholesale credit and embedded banking for platform businesses, not everyday finance management. <div
Aspire offers better value across both domestic and international transfers. GLDB's per-transaction fee model makes costs compound quickly for businesses with regular payment volumes, while Aspire's local transfers are free and its international pricing is both lower and fully published. For businesses evaluating total banking cost, Aspire is the more cost-efficient choice.
Hear it first from our customers
Gregory Van
CEO of Endowus
“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.”
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Holly Qian
Head of Finance at First Page
“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.”
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William Chong
Finance Director at Glints
“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.”
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