Aspire: fees, currencies and how to apply.
Multi-currency accounts and spend controls for Singapore and Hong Kong startups
- 1-2 weeks
- Time to open
- 4.6
- Advisor score
- Paid plan
- Monthly cost
- Time to open
- Typically 1-2 weeks
- Currencies
- 8 currencies in Singapore, 13 in Hong Kong
- To open
- No minimum, no initial deposit
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What Aspire actually is
Aspire is a payment institution rather than a bank, with client money safeguarded at partner banks. It is built for Singapore and Hong Kong incorporated startups that want an account, cards and expense management without a branch visit.
Onboarding is fully online and quick by local standards, which matters in a market where traditional banks routinely take two months and still decline foreign-owned companies.
Fees and pricing
Checked against the provider's published pricing in September 2026. Figures vary by country and plan.
- Monthly fee
- Free basic plan; premium about SGD 15 a month
- Minimum to open
- None, no initial deposit
- Local transfers
- Free FAST and GIRO in Singapore
- International transfers
- From about SGD 8 per SWIFT payment
- Currency conversion
- From about 0.4%
- Cards
- Virtual and physical cards included, with cashback on selected spend
Where it works well
- Free plan with no minimum deposit
- Fully online onboarding for foreign-owned local companies
- Expense management and receipt matching built in
Watch out for
- Only for Singapore and Hong Kong entities
- A payment institution, not a bank, with funds safeguarded at partner banks
- Fewer currencies than the global providers
Who can open it
- A company incorporated in Singapore or Hong Kong
- At least one director who verifies identity online
- Crypto, gambling and money service businesses are not accepted
Documents to prepare
- Certificate of incorporation and company registry extract
- Passport and proof of address for every director and owner above 25%
- Description of the business, customers and expected monthly volumes
- ACRA or Companies Registry extract
- Board resolution where several directors are appointed
Ready to apply to Aspire?
Have the documents above ready and the application usually takes under 20 minutes.
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