You can create bulk local payments from your Aspire SGD Account!
Admin and Finance with transfer rights can make batch payments from Aspire USD Account by following the steps below:- From the home page, click on "Make batch payment" from the Quick Access pane.
You can also click on USD Account > Submit a transfer > Bulk Transfer
- Choose "USD Account" as the source account then place the name of your batch payment. Tag the batch payment to a budget (optional), fill in the reporting fields on the transfer, then hit "Next"
- Download the file template by clicking "Aspire's USD batch payment template" link. Make sure to create a copy of your own to start filling up the sheet:
- SI No
- Currency
- Account Holder name
- Account Number/ IBAN
- Bank SWIFT code
- Transfer Amount
- Country code
- ACH routing number (required only for local transfers within US)
- Recipient type (can be only "company" or "individual")
- Address
- City
- State/ Province (required only for local transfers within US)
- Postal code (required only for local transfers within US)
- Reference (optional)
Once done, upload the CSV file, then hit "Next"
- If you use your own CSV file format, you can match the columns to the Aspire fields. If all is good, click "Review"
- Choose between local transfer or SWIFT transfer AND whether they want to bourne the intermediary bank fees (SHA/ OUR charge).
- Local Transfer - transfers to US recipients will be processed as local transfers with no SWIFT fees
- SWIFT transfers - used for sending transfers to supported countries
If the user chooses SWIFT Transfers to all recipients will be processed as SWIFT transfers