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:
- Receiving local transfers within Singapore
- Receiving international FX transfers
- Sending local transfers within Singapore
- Sending international FX transfers
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.
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