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Aspire Business Account Review

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For a limited time, receive 5% cashback on marketing and SAAS spend when you sign up for an account through Finder.

Aspire offers a variety of business products in Singapore, catered to startups and mature businesses alike. Their product line-up includes a business line of credit, a corporate card and an all-encompassing Business Account that offers a range of perks for companies in Singapore. This guide will cover the features offered by an Aspire Business account, as well as the sign-up process involved.


Monthly fee


Product NameAspire Business Account
Monthly feeS$0
Supported currenciesSGD
Free international transfer limitUnlimited
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What features does Aspire offer?

Aspire’s business accounts come with the following features.

  • Limited time cashback offer. If you sign up for an Aspire Business Account through Finder, you’ll receive 5% cashback on marketing and SAAS spend. This is an increase from the 1% cashback Aspire usually offers. The offer ends in November 2020.
  • No minimum deposit. With Aspire, you won’t need to worry about maintaining any minimum account balances.
  • No monthly fees. Enjoy transparency on fees with no monthly fees, fall-below fees, currency exchange mark-ups and a $0.50 FAST transfer fee.
  • Competitive forex rates. Buy and sell over 40 currencies at the inter-bank exchange rate.
  • Seamless registration process. The account opening process is entirely online and only takes a couple of minutes to complete. You won’t have to visit a physical bank office to register.
  • Integrated accounting overview. Accounts come with a comprehensive dashboard that automatically tags your expenditure and uses Xero to handle your financial statements.
  • Real-time notifications. Customise your reminders and receive real-time notifications when you make payments.
  • Access to the Aspire Credit Line. Aspire Business Accounts simplify the process of getting a line of credit by granting you access to the Aspire Credit Line.

Compare Aspire Business products in Singapore

Data indicated here is updated regularly
Name Product Monthly fee Minimum deposit Minimum average balance
Aspire Business Account
A virtual business debit card to help you manage business expenses. No foreign exchange fees and cashback perks of up to 1% on selected spending.

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Is my money safe with Aspire?

Your finances are kept in a separate Tier-1 bank’s trust account as denoted by the Payment Services Act and MAS guidelines. This money is also insured by the Singapore Deposit Insurance Scheme (SDIC). Aspire further utilises the highest digital security encryption and access protocols, which ensures that all transactions are secure and only known to you.

However, do note that Aspire is currently operating under an exemption granted by the MAS and does not hold a license for payment services.

What other Aspire products are there?

Line of credit

As mentioned, Aspire offers a revolving line of credit (up to S$300,000) with an interest rate of up to 3.75% per month and administration fee of up to 5% on the withdrawal amount. You are not obliged to pay any interest on untouched funds.

Corporate Card

Aspire’s Corporate Card is a virtual Visa card that allows you to transact in over 40 currencies at the real exchange rate. Earn up to 1% cashback on corporate spending without any hidden fees, annual spend or monthly charges. Additionally, Aspire offers advanced fraud protection on its Corporate Cards to help you spend safely.

Company registration

Aspire also has a company registration service through a partnership with Osome. You’re able to incorporate your company online and open a business account on the same day. According to Aspire, this is 16% cheaper than doing it yourself. A number of packages are available for local and foreign directors.

How to sign up with Aspire

To apply for an account, you may simply apply online using MyInfo. Only the director of the business can apply for an account. Singaporean applicants may be expected to provide key company details as well as their NRIC number. Though foreigners are eligible to apply, you would still need to provide the director’s ID documents which can be either a Work Pass or passport.

Frequently asked questions

Bottom line

Aspire offers a range of business products to help you manage your business better — all of which may be accessed by an Aspire Business account. Considering the quick application process, low account fees and useful features, an Aspire Business account could be a great tool to help you take your company to the next level.

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