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Provider review · 4.6 advisor score

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

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Aspire

Singapore · Hong Kong

Time to open

Typically 1-2 weeks

Currencies

8 currencies in Singapore, 13 in Hong Kong

To open

No minimum, no initial deposit

Licence status

Payment institution, not a bank; client funds safeguarded at partner banks

 
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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.

Best for

Singapore and Hong Kong startups and lean finance teams

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 balance

No minimum, no initial deposit

Local transfers

Free FAST and GIRO in Singapore

International transfers

From about SGD 8 per SWIFT payment

Currency exchange

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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