- Aspire FAQs
- SGD Account
- Receive Internationally
Safety and Security
What is the rate for incoming SWIFT transfers?
For all supported currencies (except SGD*)
1. Zero fees from Aspire, best rates up to 3x cheaper than banks
2. Depending on the charge type, a SWIFT transfer fee may apply.
|Type of fee charge||Expected fees|
|SHA (shared) or BEN (beneficiary)||SGD5 - SGD60*|
|OUR (borne by sender)||No fees|
*Fee varies based on the correspondent banks used by SWIFT network
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.
*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.
Please be informed that we received feedback that funds received via HSBC are, in some instances auto-converted to GBP during the transaction process. However, as your account only supports SGD currency, the funds will be auto converted from GBP back to SGD once they are received into your Aspire account.
To avoid double conversion when receiving from HSBC, please request your sender to add "Do Not Convert" in the payment reference field."
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