Review of Aspire Singapore: Great Business Account for Singapore Companies?

Aspire is a leading fintech serving business customers in Southeast Asia.

Aspire’s mission is to serve modern business owners by providing the tools required to grow - without the paperwork, long waits or excessive fees imposed by regular banks.

You’ll find a range of products and services which can help - no matter whether your business is starting up, scaling up, or already flourishing. Financial management tools, working capital and cash flow solutions - all with responsive and intuitive service every time.

Singapore’s fintech sector is thriving in 2025, with over 1 billion USD invested in the first half of the year — up 87% year-on-year.¹ This shows strong demand for the kind of services Aspire already offers, reinforcing its position as a trusted fintech partner for companies across the region.

In this article, we review the Aspire business account, taking a closer look at its features, pricing, and the account opening process. Here’s what you need to know.

Table of contents
What is Aspire? Get started in minutes with Aspire Singapore digital business banking Aspire Singapore business account pricing Local and international payments for less How to open an Aspire business account Aspire business cards FAQs

What is Aspire?

Aspire is a fintech company trusted by more than 50,000 modern businesses. It offers multi-currency accounts, fast global transfers, corporate cards, and a range of financial solutions tailored to businesses.

Aspire is not a bank; it's a Payment Services Institution regulated by the Monetary Authority of Singapore (MAS). As such, Aspire is authorised to accept, hold, and transfer client funds for the purpose of delivering payment services.

All client funds are held in segregated accounts with tier-one banks, including DBS Singapore and DBS Hong Kong. Aspire fully complies with the regulations of the jurisdictions in which it operates, including Singapore’s Payment Services Act 2019 (PSA).

As an Aspire² customer, you’ll have access to smart online financial tools which allow you to manage your money, cut out wasted admin time for you and your team - and grow your business.

Get started in minutes with Aspire Singapore digital business banking

The smart business accounts² available with Aspire can be opened in just a few minutes, with account details and a virtual card available as soon as your account is approved. You’ll then be able to manage your money online or using the Aspire app, and get your team onboard and up to speed fast.

💡Aspire business accounts come with a range of features which we’ll cover in a moment - but one of the key benefits is the simplicity of having all your business finance tools in one place. Save on admin time and use the wealth of data at your fingertips to gain insights and ideas to grow your company faster.

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Aspire Singapore business account pricing

Aspire accounts are designed to keep costs low to support business growth. As part of this Aspire review, we’ve broken down the key fees and charges you can expect. Here are the details:⁸

Service	Aspire business account fees
Account opening	Free
Monthly service fee	Free
Local transfers	Free local transfers via PayNow, FAST, recurring, scheduled, local TT
International transfers	Outbound: mid-market exchange rate + low, transparent fee
Overseas card transactions	1.5% foreign exchange fee applicable
Credit line monthly interest	From 1%

Aspire is widely regarded as one of the best-value business account options in Singapore for SMEs, startups, and mid-sized companies—especially when compared to traditional banks. It offers no monthly or annual fees, no account opening charges, and low, transparent rates for overseas payments.

For the latest details, visit Aspire’s pricing page.

Local and international payments for less

Aspire accounts were created with internet and online entrepreneurs in mind. When you’re building a digital business you need simple, fast and low cost payment solutions to make it easier to cover supplier invoices, payroll and more.

Aspire customers can send and receive FAST and GIRO payments fee free, with PayNow coming soon. International payments are powered by Wise and can be made in 50+ currencies, using the real mid-market exchange rate with no markups. You’ll only ever pay a low, transparent fee - which means no surprises, just fast, secure and cheap ways to pay your international business invoices.

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Easy expense management with Aspire

Use your Aspire business account to create and issue virtual cards to your team to allow for easier expense management³. You’ll be able to set and adjust individual limits, and keep track of spending in real time using the Aspire app. It’s even easier to manage your expenses with digital receipt uploads - allowing you to reconcile accounts quickly and move on to more important things.

There’s more on the business cards available from Aspire - and their features and benefits - coming up a little later.

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Third party integrations - bookkeeping, marketplaces and more

Integrate your Aspire business account with your preferred accounting software to make it easier to close the books - with integrations available including Xero, Quickbooks, SAP, NetSuite, MYOB and more. ⁴

And if you’re running an ecommerce business you can get paid directly into your Aspire account from a range of popular marketplaces and platforms including Stripe, Shopify, PayPal, Lazada and Shopee. Not only does this make it easier to get all your income in one place, it gives you access to analytics and insights across all platforms so you can make better decisions about how to grow your business profits.

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Start up and scale up with Aspire credit solutions

Get working capital and credit from Aspire, fast, with easy online application, a 7 day approval and transparent terms and conditions. Options can be tailored to suit your business and include:

• Revenue based financing
• Lines of credit and term loans
• Reverse factoring
• Trade financing

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How to open an Aspire business account

If you have a business already legally registered in Singapore you’ll be able to open an Aspire business account. If you’ve not yet registered your business you can incorporate with Aspire's partner to get started in no time.⁶

Registering your account can be done entirely online, with the following information:⁷

• Your full name and NRIC number
• Your preferred email and mobile number for verification purposes
• Business details including the company name, UEN, entity type, turnover, employee headcount, and website address
• A photo of your government issued identification document
• A live selfie taken during the registration process

Registration takes no more than 10 minutes, and you’ll hear back in 1 to 3 business days. In some cases, you may be required to provide further information depending on the type of business entity you operate.

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Aspire business cards

Aspire business cards are virtual - although physical cards are also coming soon⁹. Virtual cards are ideal for businesses as you can issue, freeze and unlock cards online, and manage spend limits in real time. That makes it easier to empower your team and still keep track of what’s going on with your business funds.

Here are a few key features of Aspire’s virtual business cards to consider:¹⁰

• No sign up or annual fee
• Track spending and set budgets for all issued cards
• Earn cashback on digital spend
• Save up to 5x on international spending
• Advanced fraud protection
• Add cards to your mobile wallet for ease - Google Pay is available now, Apple Pay is coming soon

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Cashback and rewards

Aspire accounts come with rewards and cashback you won’t find at your regular bank.

Get cashback on digital marketing and SaaS spend - meaning you earn from money you’d be spending anyway. Partners include:¹¹

• Facebook ads
• Google ads
• LinkedIn ads
• AWS
• Shopify
• Google Suites
• Mailchimp
• Xero and Quickbooks

You’ll also get exclusive access to rewards worth $50,000 in value which you can redeem whenever you like¹². These include partner discounts on payment platforms, accounting tools, marketing and ecommerce services, HR support and more.

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FAQs

Which currencies are supported by an Aspire business account?

You can hold and manage funds in SGD, USD, GBP, and EUR. Additionally, you can send and receive payments in more than 30 currencies across over 130 countries.

What fees should I expect with an Aspire business account?

Aspire does not charge any account opening or monthly fees, and there is no minimum balance requirement.

Local payments in major currencies such as SGD, USD, EUR, and GBP are free of charge. However, SWIFT transfers incur a fee starting from USD 8, and foreign exchange (FX) fees for transfers involving currency conversion start from 0.22%.

Does Aspire offer physical and virtual cards?

Yes, Aspire offers physical and virtual corporate cards. These are available as debit cards or with a line of credit, and can be issued to team members for business-related expenses. Businesses maintain control by setting spend limits, merchant category locks, and approval policies for each card.

What kind of customer support does Aspire offer?

You can reach Aspire’s support team via live chat, hotline, or email. Live chat can be accessed by logging in to your account on the Aspire app or website and is available daily from 9:00 AM to 9:00 PM SGT.

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Conclusion

Aspire business accounts offer many of the perks you’d get from a traditional bank. However, as a digital neobank, Aspire can provide a streamlined service which cuts out excessive paperwork and keeps the costs low. You’ll also find perks and rewards which are tailor made for online entrepreneurs - as well as access to working capital and credit when you need it to grow. See if your business can benefit from an Aspire business account today.

➡️Check out Aspire here

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Sources:

1. KPMG - Singapore fintech sees surge in investments
2. Aspire
3. Aspire - Digital Business Account
4. Aspire - Unlimited Aspire Debit Cards
5. Aspire - Direct integrations
6. Aspire - Credit Line for SME Loans Singapore
7. Aspire Help Centre - Who can apply for an account?
8. Aspire Help Centre - How can I apply for an account?
9. Aspire - Pricing
10. Aspire Help Centre - Can I get a physical card?
11. Aspire - Corporate card
12. Aspire - 1% Cashback for Digital Spend
13. Aspire - Rewards

Sources checked on: 13th November 2025