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      1. Aspire FAQs
      2. SGD Account
      3. General

      What are the transfer fees on my SGD account?

      Local SGD transfers are free, with favorable rates for foreign currency transfers.

       

      Simply click the link below to learn about the fees for each transfer type:

      For more information on transaction fees, visit our pricing page and navigate to the " Simple transaction pricing" section. From there, you can easily compare our fees for each type of transaction.

      Receiving local transfers within Singapore

      There are no fees for receiving local SGD transfers to your Aspire SGD account.

      Receiving international FX transfers

      For all supported currencies (except SGD*):

      1. Zero fees from Aspire, best rates up to 3x cheaper than banks

      2. Depending on the SWIFT charge type selected by your sender, an additional processing fee may apply. There are two types of SWIFT charges:

      • Shared (SHA) Charge: The sender bears the fee of the sending bank. The beneficiary will bear the fees of the intermediary banks and the beneficiary bank.
      • OUR Charge: The sender bears all fees associated with the transfer. Beneficiary bank charges, if any, are still deducted from the total amount received by the beneficiary bank.

      *For inbound SGD transfers, where the source bank handles the conversion and no further conversion is needed at Aspire, a flat, transparent fee of SGD $35 would be applied.

      We suggest you clarify the arrangement with your sending party before the payment instructions.

      In all cases, the above fees would already be deducted from the amount which will be deposited into your Aspire SGD account.

      Sending local transfers within Singapore

      • Sending Transfers: You can send FAST transfers from your Aspire for FREE!
      • Batch Transfers: SGD $0.5 per transfer 

      Sending international FX transfers

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

      Simulate the FX rate & fees on a transaction by clicking this link here. 

       

      Questions? Please log in to the app and reach out in the chat at the bottom right corner of the screen.

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