SGD transfers are free. For foreign currency transfers, rates depend on the transfer type. 



1. Outbound transfers with Wise

Transfers are done at mid-market FX rate and are charged with the standard Wise fee. Wise offers amongst the best conversion rates in the market. 

Would you like to simulate the FX rate & fees on a transaction? Check the historical mid-market rate here. You can also re-compute the transfer fees here.


2. Inbound FAST transfers (within Singapore only)

Aspire takes no fees on these transfers. The transfers are done at the FX rate of the sender bank, and no fee.


3. Inbound International Telegraphic Transfers
For all supported currencies (except SGD*), there are 2 components of fees in receiving international payments.

  1. A flat, transparent 0.5% fee of the transaction amount (this is on average 3x cheaper compared to bank rates).
  2. Depending on the charge type, a SWIFT transfer fee may apply.
    •  If the transfer is sent via SWIFT and the charge type is set as ‘SHA’ (shared) or ‘BEN’ (beneficiary). This fee varies based on the correspondent banks used by SWIFT network, but would be S$5 - S$60 in most cases.
    • If the charge type is set as ‘OUR’, this means that the fee would be borne by the sender and therefore would not apply

        We suggest that you clarify the arrangement with your sending party prior to the payment instruction. In all cases, the                 above fees would already be deducted from the amount which will be deposited into your Aspire SGD account.


* - Incoming international SGD transfers are charged at a flat incoming fee of 35SGD

You can also check our detailed pricing benchmark here.



Questions? Please let us know here or call us at +65 3165 1500 during business hours (Mon - Fri, 9:30 AM - 6:30 PM SGT).