About Aspire
Aspire Business Account is a Fintech Multi-Currency Business Account (MSO-licensed) offered by Aspire, who operates as a Fintech / Payment Institution in Hong Kong.
Compare
Aspire Business Account vs DBS (HK) Business Account Hong Kong (2026)
For Hong Kong founders who crave speed, simplicity without the fuss of outdated banking processes, Aspire is built specifically for you.
About DBS
DBS (HK) Business Account is a Full-Service Commercial Bank (HK Branch of DBS SG) offered by DBS, who operates as a Major International Bank (HKMA Licensed) in Hong Kong.
Aspire vs DBS (HK) key differences
Here's a side-by-side comparison of Aspire and DBS (HK) to highlight key differences and help you choose the best business account for your needs.
Fintech / Payment Institution
Major International Bank (HKMA Licensed)
Business account
Account type
Fintech Multi-Currency Business Account (MSO-licensed)
Full-Service Commercial Bank (HK Branch of DBS SG)
Multi-currency wallets
13 currencies. HKD, SGD, EUR, GBP, USD, etc
12+ currencies, AUD, CAD, CNY, CHF, DKK, EUR, GBP, HKD, JPY, NOK, NZD, SEK, SGD and USD.
Local account details (receive like a local)
FPS for HKD, local HKD/USD/CNY/etc
FPS, RTGS, and CHATS
Batch payments
Via Bulk Payment
Via Same Day Payroll and Bulk Payment
Invoicing
Via Invoice feature
Via DBS IDEAL application
Expense management
Via corporate cards + real-time expense tracking
Via DBS IDEAL application
API access
Via native Open API
Via DBS RAPID
Integrations and ecosystem
Accounting software integrations
Via Xero, Stripe, Quickbooks
Via Xero
ERP integration
Not offered
Via DBS RAPID & IDEAL
E-commerce integration
Via Tiktok, Shopee, Amazon, Lazada, Carousell, Temu, etc
Via DBS RAPID
Third-party apps
Via Xero etc
Via Xero, SAP, Oracle, QuickBooks
Pricing and fees
Monthly fee
Basic: HK$0, Premium: HK$99 (Until 31 Dec 2026)
HK$250/month waived if avg balance âĨ HK$50,000
Account setup fee
Free
Local: min. HK$1,200, overseas & special: min. HK$10,000
Domestic transfer fee
Free
FPS HK$<1,000,000: HK$5; HK$>1,000,000: HK$25
International transfer fee
Receive via SWIFT: HK$60, send via SWIFT: SHA USD $15, OURS USD $30 (or equivalent in HKD and CNY)
HK$100-400
FX markup
From 0.18%
Contact DBS HK for FX rates
Receiving payments fee
Free (local HKD via FPS)
HK$15-200
Minimum balance
Free
HK$250/month if total deposit below HK$50,000
Global coverage
Supported currencies
13 currencies. HKD, SGD, EUR, GBP, USD, etc
12+ currencies, AUD, CAD, CNY, CHF, DKK, EUR, GBP, HKD, JPY, NOK, NZD, SEK, SGD and USD.
Countries served
Hong Kong, Singapore, India, US, Australia; international businesses via HK entity
Hong Kong + DBS regional network (ASEAN, Greater Asia, Singapore, India)
Support and services
Customer support
Dedicated account manager + phone + email; HK team in-office; Aspire HK company registration + accounting also offered
Relationship manager (RM) + DBS IDEAL + hotline (852-2290-8888); branches; GBA specialist team
*Fees may vary, Comparison as of July 2026
Account opening fees
No account opening fees
Fees apply
Initial deposit
No initial deposit required
Initial deposit required
Monthly account maintanence
No monthly account fees
Fees apply
Local transfers
Starts from HKD 0
HKD 5 via FPS; HKD 55 fee over HKD 1M
Unlimited virtual cards
Yes. Physical cards are also available
Only a few virtual cards allowed
Invoice, billing and spend management
Features included in every account
No expense management features
Disclaimer: The above data is extracted from the websites of the banking companies as of January 31st, 2025, for reference only and is subject to the announcement of the banking companies.
The above information is based on Aspire desktop research and should not be construed as advice. While every effort has been made to ensure accuracy, users should verify information independently.
The above information is based on Aspire desktop research and should not be construed as advice. While every effort has been made to ensure accuracy, users should verify information independently.
Trusted by 50,000+ modern businesses
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.
Free of fees
Most banks would charge certain amount of fees for account opening and maintenance. But not Aspire. Our complete platform is free to open, no monthly fees and no minimum balance requirements.
Save more on every international payment
Aspire offers transparent FX rates from just 0.18% above the mid-market rate, helping your business cut conversion costs. Unlike banks with higher markups, Aspire gives you clarity and value on every transfer.
Expert support, without the wait
Get instant help through our dediicated account managers, in-app chat, 7 days a week. No branch queues, no lengthy hold times, just reliable support with resources to keep your business moving, beyond traditional banking hours.
Run your finances from one place
Open a multi-currency business account with no monthly fee, built-in invoicing, and real-time expense tracking.
.png)
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 funds are safeguarded by licensed financial institutions in full compliance with Hong Kongâs Money Service Operator (MSO) regulatory standards and follows strict data security protocols to ensure your business finances are protected every step of the way.
Seamless global payments
Aspire makes it easy to send and receive payments across 130+ countries in 40+ currencies. With access to local rails and major card networks, businesses benefit from competitive exchange rates, faster transfers, and zero hidden feesâbuilt to support your international operations without the usual friction.
AI-powered financial control
Gain full visibility and control over your business finances with Aspireâs smart tools. From automated reconciliation and multi-level approvals to real-time spend tracking and accounting integrations, Aspire helps modern finance teams streamline operations and stay audit-ready at all times.
Our investors
%201.png)
Featured on
Frequently asked questions about Aspire vs. DBS
Who should choose Aspire?
Aspire is ideal for startups and businesses that want a fast, integrated financial platform with transparent pricing. If you need banking solutions without the complexity of traditional banking, Aspire is a natural fit.
Who should choose DBS?
DBS is a strong choice for established businesses that value a full-service commercial bank with deep regional networks across ASEAN and the Greater Bay Area. Companies with complex trade finance, payroll, or enterprise will benefit from their product suites.
Which is better overall, Aspire or DBS?
Aspire offers a leaner, more cost-efficient platform, built for modern businesses. While DBS HK brings the credibility and depth, founders who prioritise speed and practicality would find Aspire as the stronger everyday choice.
Which offers better value, Aspire or DBS?
Aspire's zero-fee model gives it a clear value advantage for most startup founders. DBS HK's fee structure is more traditional, with monthly charges and minimum balance requirements that add up over time. However, smaller businesses will find comfort in Aspire.
Which has better customer support, Aspire or DBS?
DBS HK offers a well-resourced support network including relationship managers, a dedicated hotline, and a GBA specialist team. Aspire provides dedicated account managers, an in-office Hong Kong team, and phone and email support. For personalised startup-focused support, Aspire holds its own well against a much larger institution.
Hear it first from our customers
Gregory Van
CEO of Endowus
âAs a startup, we needed more flexible solutions to support our increasing needs, as well as ones thatâd make the most financial sense in supporting our growth.â
Read the case study
$111,000
Saved per year
900hr
Saved per year
Chai Yang
Finance Director
"It was challenging to recognise costs efficiently with manual processes. With Aspire, we have control and visibility into all expenditure, allowing us to act swiftly and make informed decisions."
Read the case study
$35,320
Saved per year
1,664hrs
Saved per year
Sagar Khatri
Co-Founder at Multiplier
"For organisations with many moving parts like ours, budgeting is important. Being unable to view our state of expenses at any given time causes challenges to modern businesses like ours."
Read the case study
$73,000
Saved per year
760hrs
Saved per year
Start your journey with Aspire
Open your free account