What are the limitations of the SGD Account?

Our SGD Accounts empower Singapore businesses with the ability to send, receive, and manage payments.

Getting to know your SGD Account

Your SGD Account details has been set up with security, fast processing speed, and lower fees in mind. It provides your business with an easy to use, all-in-one platform to manage finances with the best value on the market.

• With the SGD Account, you can send payments via FAST to recipient banks that support the FAST network. You can also make international FX transfers in the app to many countries worldwide in different currencies with favorable rates.
• Receiving payments to your SGD Account is also easy with the instructions included in the app. Share your account details to the sending party and expect payments through the FAST network or Telegraphic Transfer/MEPS. Expect incoming GIRO transfers and have them in your account with short delay. Additionally, you can receive international payments with your SWIFT account details.
• Your SGD Account also supports receiving PayNow transfers. With this feature, your customers can send payments easily through a downloadable QR code, or through the fast and secure VPA code. Simply set up shop on a busy day and let your Aspire account handle all the incoming payments.

Current limitations of the SGD Account

We are continuously striving to provide businesses with the best value for managing finances in an all-in-one platform. Unfortunately, due to the current setup of Aspire accounts, functions which are related to the following items below may not be available:

• Cash Deposit
• ATM Withdrawals
• Cheques
• Direct Debit Authorizations (DDA)
• Outbound GIRO transfers

These features are currently in our roadmap and will be released in time. You can also submit feature requests in this page to help us discover and implement further improvements to the platform.