How can I receive money to my SGD account?

You can receive money to your SGD Account via local methods or SWIFT.

You can top up your account in 2 ways:

  • Via Local SGD Account
    You can receive money via FAST, GIRO, MEPS, and Telegraphic Transfer, from any account in Singapore. The time required for the transfers to succeed depends on the chosen method. 
  • Via SWIFT SGD Account
    You can receive money from overseas accounts via SWIFT. This method incurs a S$35.00 fee for transfers in SGD and is available for the following currencies without fees.

Please refer to the table below for a detailed summary.

 

From Singapore

From Overseas

Account No.

To SGD Local Account

To SGD SWIFT Account

Methods

FAST¹

GIRO¹

MEPS²

Telegraphic Transfer²

SWIFT³

Speed

2 Hours

1-3 Business Days

1-3 Business Days

1-3 Business Days

3-5 Business Days

Limits

SGD 200,000 
per transfer

No limit

No limit

No limit

No limit

Currency

SGD

SGD

SGD

SGD

Available Currencies

Aspire Fees

$0

$0

$0

$0

S$35 for SGD transfers

None for others

FX rate

-

-

-

DBS FX Rates

Best rates up to 3x cheaper than banks


For a visual guide on receiving local transfers, please refer to the video below.


To receive money via international transfers, please refer to this FAQ.

Additional Notes

There might be extraordinary circumstances involved if you are expecting incoming transfers. Generally, these additional notes have been included in the Payment Instructions of your SGD Account.
  • To receive money from a non-FAST or GIRO account in Singapore, such as USD from a Multi-Currency Account at DBS or SGD from a non-FAST enabled bank via Local Telegraphic Transfer/MEPS, the sender will need to send funds to the following account name: PayrNet Pte. Ltd. on behalf of Your Account Name.
  • PayrNet Pte. Ltd. is Aspire’s payment processing partner. They will not be able to access your funds as the money will be directly deposited to your Aspire account as per your account number.
  • If the sending platform has a character limit, you can leave out the end characters of the name and the transfer will still work.

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).