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Aspire vs. Hang Seng: Smarter, more flexible platform for Hong Kong Businesses
Traditional banks weren’t built for fast-moving startups. Aspire gives you a powerful, all-in-one platform to save time, cut costs and scale faster, far beyond what Hang Seng can offer.
Trusted by 50,000+ modern businesses
Aspire vs. Hang Seng key differences
Here’s a side-by-side comparison of Aspire and Hang Seng to highlight key differences and help you choose the best business account for your needs.
BUSINESS ACCOUNT
FREE, 100% online setup
Account Opening
HKD $1,000 (online), HKD $1,300 (in-branch)
FREE
Monthly Fees
HKD $200/month (waived with min. HKD $50k-$100k balance)
Free via FPS
HKD 15 via CHATS
HKD 15 via CHATS
Receive Local Payments
Free via FPS
HKD 15 via CHATS
HKD 15 via CHATS
Free via FPS
HKD $55 via CHATS
HKD $55 via CHATS
Send Local Payments
Up to HKD $10 via FPS
CHATS not supported
CHATS not supported
From HKD $60 for incoming payments in 13 currencies
Receive International Payments
From HKD $65 for incoming payments in 12 currencies
FX rates from 0.18% above mid-market rates, fees from HKD $120
Send International Payments
FX rates from 0.26% above mid-market rates, fees up to HKD $125
5 currencies including HKD, CNY, USD, EUR, GBP (More coming soon)
Multi-currency Account
12 currencies
CARD
Issue Physical and Virtual cards for business spends
HKD, USD
Card Base Currency
12 currencies
Unlimited 1% cashback
for SaaS and marketing spend
for SaaS and marketing spend
Cashback Rewards
0.5% rebate on eligible spending
Issue employee cards with spend controls and real-time tracking
Expense Management
No built-in spend control for teams
HKD $40 per withdrawal
Cash Withdrawal from Card
Up to HKD $40 per withdrawal
AUTOMATION AND SUPPORT
Live Chat via Aspire App, Whatsapp, and Email
Customer Support Channels
Live chat
English: 24/ 7
Mandarin and Cantonese:
9AM - 5PM HKT daily
9AM - 5PM HKT daily
Customer Support Availability
24/7
Accounting Integration
API Integration
Comparison as of July 2025
3 reasons why businesses choose Aspire over Hang Seng
Growing businesses need a smarter way to save, pay and control expenses. Here’s why businesses in Hong Kong are switching from Hang Seng to Aspire.
1% Cashback on SaaS and Marketing Spends
Aspire helps businesses earn while they spend with 1% cashback on marketing and SaaS expenses. In contrast, Hang Seng only offers a significantly lower 0.5% rebate.
Move Money Faster without Extra Charges
Transfer costs shouldn’t be eating into your margins. Aspire provides free FPS transfers, ideal for payroll and supplier payments, while Hang Seng applies a tiered fee structure.
Gain Full Financial Control on One Platform
Hang Seng’s traditional banking lacks spend controls and budgeting tools. Aspire helps prevent overspending with easy oversight and control of your team’s expenses.
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 Kong’s 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 13 currencies. With access to local rails and major card networks, businesses benefit from competitive exchange rates, faster transfers, and zero hidden fees—built to support your international operations without the usual friction.
AI-Powered Financial Control
Gain full visibility and control over your business finances with Aspire’s 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.
We are backed by leading institutions and world-class investors
Frequently asked questions about Aspire vs. Hang Seng
Who should choose Aspire over Hang Seng?
Aspire is ideal for businesses that need more than traditional banking services. Its powerful suite of features helps simplify business finances, save time and reduce costs with corporate cards, expense management, budgeting tools and accounting integrations all in one platform.
Who should choose Hang Seng?
Hang Seng suits businesses seeking traditional banking with branch access and standard corporate services. However, for businesses looking for an integrated platform to manage all their business finances, Hang Seng’s offering can feel limited and less flexible.
Which platform is better overall, Aspire or Hang Seng?
Both platforms offer reliable payments and corporate cards, but Aspire stands out with a full suite of business finance tools. Features like integrated expense management, approval workflows and budgeting tools make Aspire a better choice for businesses looking to save time and costs by managing everything in one platform.
Which offers better value, Aspire or Hang Seng?
Aspire offers better value with no monthly fees, fee-free FPS transfers, competitive FX rates, and 1% cashback on marketing and SaaS spend, plus built-in expense and accounting integration. Hang Seng’s traditional banking services may involve higher fees and lack the spend management features that growing businesses need.
Which is better for daily business operations, Aspire or Hang Seng?
Aspire supports daily operations with features like real-time expense tracking, budgeting, corporate cards and accounting integrations. Hang Seng focuses on core banking, meaning businesses often need additional software to manage day-to-day financial workflows effectively.
Which has better accounting integrations, Aspire or Hang Seng?
Aspire offers seamless integration with Xero, QuickBooks and NetSuite, along with open API access for custom workflows. Hang Seng currently supports integration with Xero only, with fewer options for advanced automation.
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
"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."
1,664hrs
Saved per year
$ 35,320.00
Saved per year
View Case Study
Chai Yang
Finance Director
"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."
760hrs
Saved per year
$ 73,000.00
Saved per year
View Case Study
Sagar Khatri
Co-Founder at Multiplier