Do you offer a Singapore-based USD Account?

If you're looking for a locally-based USD account in Singapore, the DBS USD Virtual Account product may be the right fit for you!

Our USD Virtual Account (VA) is a product offered for clients who wish to receive funds to, or send funds from a Singapore-based USD account.

DBS USD Virtual Account Benefits:

• Use the local 11-digit SG account number to receive USD transfers from within Singapore, without the need to immediately convert to SGD
• Use the SWIFT account number* to receive foreign currencies from outside of Singapore to your Aspire USD VA
• Use the ACH (US) account number* to receive USD from within the United States to your Aspire USD VA
• Send USD transfers to other Singapore-based accounts directly from your Aspire USD VA
  
• Send foreign currencies to accounts based outside of Singapore through one of our approved FX/Cross Border payment partners
  
• Convert funds from your Aspire USD VA to your Aspire SGD account 

Eligibility

All accounts approved for access to the Aspire platform are eligible. Please refer to our Acceptable Use Policy to know the Aspire eligibility criteria.

Visit this page to know what countries Aspire supports for our USD virtual account.

Do note that this account is only for your own business activities. Any transfers or transactions you wish to effect on the platform for or on behalf of another party will require specific approval from our compliance team. 

You may not use the Platform or any Electronic Services for any personal or non-business related activities.

How to Sign Up

If you are new to Aspire, please register for an account via https://aspireapp.com/ and follow the in-app instructions.

If you are an existing client of Aspire, please reach out to your account manager to request a Singapore USD Account. If you do not have an account manager, please submit your request via this form.

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