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Aspire review

Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Aspire is a digital only business account with a monthly fee of SGD 0 and payouts in 13 currencies. It suits companies that pay suppliers and contractors abroad regularly, and suits them less if they need branches, cards or cash from a counter.

Key facts

Best for
Businesses paying overseas suppliers and contractors from a digital-only account.
Monthly fee
SGD 0↗
Currencies
13↗
Transfer fee
Basic plan $0/month: local transfers free (ACH, wire, check, real-time $0); SWIFT send $5 (SHA) or $15 (OUR); SWIFT receive $0; FX from 0.22% above mid-market↗
Legal entity
Aspire FT Pte. Ltd.↗
Headquarters
Singapore↗
Support channels
Help-centre↗
Audience
Business
Pricing model
No monthly fee
Features
Digital-only
Official website
aspireapp.com

Money transfer

Exchange rate markup
0.22%↗
Delivery time
Same-day local transfers and FX payments to 40+ currencies; SWIFT used where no local rail↗
Payout methods
Bank↗
Fee to send 1,000
$0 to $15↗

Facts checked September 26, 2026, 5 sources

Apps and profiles

Get the app
App Store

Pros and cons

Pros

  • Local transfers and incoming SWIFT are free on the basic plan, so routine supplier payments cost nothing to send.
  • Same-day local transfers and currency payments, with SWIFT used only where no local rail exists.
  • An FX margin of 0.22% sits well under the 3% upper quartile for business accounts.

Cons

  • Support runs on a help centre alone, so there is no phone or chat line for urgent payment problems.
  • The account is digital only, so there is no branch or card access for anyone handling cash.
  • SWIFT sends cost $0 to $15, which adds up for firms that still pay some suppliers on the wire.
Aspire

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Scored 9.1 / 10 by VaultCue.

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Who it suits

  • Businesses paying suppliers or contractors in other currencies most months
  • Firms that want no monthly charge and a digital only account for paying out
  • Companies comfortable handling everything in an app, since the account is digital only

Who should look elsewhere

  • Skrill, for a general money wallet: Aspire is built around business payments and bank payouts.
  • PayPal Colombia, for everyday wallet use rather than paying suppliers in other currencies.
  • Plazo ES, for anyone whose priority is holding a balance rather than paying suppliers abroad, which is what Aspire's business account is built for.

Fees and FX

Aspire's basic plan sets a monthly fee of SGD 0, and local transfers plus incoming SWIFT are free on that plan. Sending by SWIFT costs $0 to $15, and the FX margin sits at 0.22% above the mid-market rate, against a business median of 3%. Payouts reach 13 currencies.

The company behind it

The account runs under Aspire FT Pte. Ltd., headquartered in Singapore and aimed at business customers. It is digital only, so there is no branch to visit. Support runs on a help centre alone, and payouts go to bank accounts. Same-day local transfers are available, with SWIFT used where no local rail exists.

How Aspire compares

Frequently asked questions

What does it cost to run an Aspire business account?+

On the basic plan the monthly fee is SGD 0. Local transfers are free, and so is receiving money by SWIFT, while sending by SWIFT costs $0 to $15. Currency conversion is charged as a margin of 0.22% above the mid-market rate, which is the main running cost for a business paying abroad.

How much does it cost to pay someone in another currency?+

Aspire adds 0.22% to the mid-market rate on every conversion, a small share of what business accounts usually charge: the upper quartile in this group sits at 3%. Payouts reach 13 currencies, so a supplier paid in a less common currency is covered without a second provider.

How quickly does money arrive?+

Local transfers and payments in foreign currency can land the same day, and SWIFT is used only where no local payment rail exists. Incoming SWIFT transfers are free on the basic plan. Speed matters most for businesses whose payroll or supplier invoices fall on fixed dates.

How do I get paid, and how does money leave the account?+

Payouts go to bank accounts, which suits a business paying suppliers and contractors straight from its own current account. Conversion happens at a stated margin of 0.22% rather than a hidden spread, and 13 currencies are covered. Cash collection is not among the payout methods listed.

Can I use cash or a card with Aspire?+

Aspire is digital only, so everything is handled in the app and there is no branch to visit. Support runs on a help centre, which means questions get answered in writing rather than on a call. For teams that need help face to face, that is the main drawback.

Who is an Aspire account built for?+

The account targets business customers, so it suits a company paying suppliers or contractors in other currencies every month. It also suits firms that would rather not pay a monthly charge, since the basic plan sets a fee of SGD 0. Banking habits built around branches or cash do not fit it well.

How many currencies can I hold and pay in?+

Aspire covers 13 currencies for accounts and payouts, with local transfers and currency payments sent the same day. SWIFT handles the routes no local rail reaches. A business trading mostly in a handful of currencies will find that more than enough.

Sources

  • aspireapp.com checked September 26, 2026

    Backs: Audience, Legal entity, Support channels

    “All-in-one Finance For Growing Businesses - Aspire”

  • aspireapp.com/business-account checked September 26, 2026

    Backs: Features

    “Open a Singapore business account online for free - Aspire”

  • aspireapp.com/pricing checked September 26, 2026

    Backs: Pricing model, Monthly fee

    “Aspire Pricing: $0/month, only pay for what you use - Aspire Singapore”

  • aspireapp.com/us/about-us checked September 26, 2026

    Backs: Headquarters

    “Singapore's Aspire Snags $100 Million Even as VC Market Slows”

  • aspireapp.com/us/global-payments checked September 26, 2026

    Backs: Delivery time

    “Safely send same-day local transfers and FX payments to 40+ currencies*”

  • aspireapp.com/us/pricing checked September 26, 2026

    Backs: Currencies, Exchange rate markup, Payout methods, Transfer fee, Fee to send 1,000

    “Multi-currency accounts* across 13 currencies (USD1, EUR*, GBP*, CAD*, HKD*, CNY*, SGD*, JPY*, AUD*, NZD*, CHF*, NOK*, and SEK*)”

Compiled from 6 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Licence type, Deposit protection, Currency conversion fee.

Aspire

Aspire

Businesses paying overseas suppliers and contractors from a digital-only account.

9.1/10See alternatives