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Aspire business account review

Benefit from easy corporate spending, competitive FX rates and access to the Aspire Credit Line.

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.

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Monthly fee


Product NameAspire Business Account
Monthly feeS$0
Supported CurrenciesSGD
Free international transfersUnlimited
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More Info

What is Aspire?

Aspire is a Singapore-based fintech startup and Southeast Asia’s first neobank to provide digitised banking services for SMEs, currently operating across Vietnam, Indonesia, Thailand and Singapore.

Through advanced technology and partnerships with third-party merchants, Aspire’s business accounts are designed to streamline all processes so that merchants can manage their cash flow directly from their mobile devices at any time. Other attractive features include virtual debit cards, cashback and interest-free credit line.

Key features

Aspire’s business accounts come with the following features.

  • Cashback offer. Earn 1% cashback on all eligible marketing and SAAS spend.
  • 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 S$0.50 FAST transfer fee.
  • Competitive forex rates. Buy and sell over 40 currencies at the inter-bank exchange rate, powered by Wise.
  • 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.
  • Easy accounting. With Xero integration, all your past transactions (up to 1 year) are automatically synced.
  • Exclusive perks. Gain access to over S$50,000 worth of benefits from Aspire’s platform partners.

What other Aspire products are there?


The Aspire business account offers a number of features that could be useful to your business. This includes no monthly fees, free local transfers, automatic spending categorisation and accounting integration. Plus, you get the added benefits of cashback and multi-user access.

While fees for this account is low, you will be charged for international transfers, so this may not be the best option if you need to do this often. Apple Pay and expense management are also not available yet.

How to sign up

Applying for an Aspire business account is fast and simple. To apply, simply click on the Go to site button on this page. Before you proceed, make sure that you have met the eligibility requirements.

Eligibility criteria

  • Business incorporated in Singapore
  • Business must be operational for at least 6 months
  • Applicant must be the director of the business (foreigners are eligible to apply as well)

Step-by-step application process

  1. Click ‘Open account’
  2. Fill in your details (e.g. name, email, contact number) and click ‘Continue’ to proceed
  3. Enter the OTP sent to your mobile and select the Aspire product you’re applying for
  4. Allow Aspire to retrieve your personal and company details via MyInfo. Alternatively, you may also upload the required documents directly.
  5. Review and submit your application

Do note that verification may take anywhere between a few minutes to 24 hours.

Compare Aspire business account to other banks in Singapore

Name Product Monthly fee Minimum Initial Deposit Minimum balance Mobile payments
Aspire Corporate Card
Apple Pay, Google Pay
A corporate debit card for SMEs and Startups with no annual fee and low FX fees. Enjoy 1% cashback on marketing and SaaS spend. T&Cs apply.
Aspire Business Account
Apple Pay, Google Pay
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.
OCBC Business Growth Account
OCBC Business Growth Account
Apple Pay, Google Pay
With no initial deposit or minimum balance required, this account is ideal to help get your business off the ground.
Maybank FlexiBiz Account
Maybank FlexiBiz Account
Samsung Pay
Grow your business with this interest-bearing corporate account - with no minimum account balance or fall-below fees to look out for.
Neat Corporate Visa card
Apple Pay, Google Pay
Earn 1% cashback, exclusive perks, plus coverage for corporate liability and travel accidents with this fee-free Visa debit card.

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Frequently asked questions

Business bank accounts in Singapore

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