Supported Local Payment Methods - Aspire SGD Account
Transfer Type | Receive | Send |
FAST | ✅ | ✅ |
GIRO | ✅ | ✅ Sending limited to payroll transfers only |
MEPS | ✅ | ❌ |
Local Telegraphic Transfer | ✅ | ❌ |
Direct Credit Authorization | ✅ Receiving limited to Enterprise SG only, and not Vendors@Gov and IRAS | ❌ |
Direct Debit Authorization | ❌ | ❌ |
Deposit/Withdraw Cash | ❌ | ❌ |
Cheque | ❌ | ❌ |
Receive grants from the government
To receive payments into your Aspire Account via GIRO, please complete the GIRO Credit Authorization Form and include your Aspire SGD Account details.
Aspire has received and successfully processed incoming GIRO DCA forms (e.g. Enterprise Singapore) and subsequent payments.
However, certain Government entities (e.g. Vendors@Gov, IRAS) might NOT support paying to third-party virtual accounts such as Aspire, even after the GIRO DCA form is endorsed.
Aspire is constantly working to ensure that more participants accept virtual accounts and discussions usually take place over an extended period of time.
If you are unable to perform a DCA to your Aspire virtual account, please arrange for alternative accounts for the DCA to be credited to, and submit this form here so we can begin discussions with the relevant parties.
Enterprise Singapore
For Enterprise SG GIRO Form, the applicant (yourself) is required to fill in "Part 1" first before Aspire signs off on the subsequent portions (as a checker in the maker-checker process). Please use your 12-digit account number when filling out this form.
Once you have filled in Part 1, you can send the form to our Support team by following the steps by steps below:
Click on the green messenger icon in the bottom right-hand corner
Under the Messages tab, click "Send us a message"
Type in your query (e.g.: Submit Direct Credit Authorization Form)
Choose "Talk to a person"
Our Support team will take it ahead by signing Part 2.
How to pay CPF Contributions
If your Aspire account has enabled the PayNow feature, you will have the option to conveniently make your CPF contributions using this service!
You may view our video guide or follow our step-by-step process below:
Login to your Aspire account
From your homepage, click on "Send via PayNow"
Select "Upload QR Code" to upload your unique QR Code
Place the amount and other reporting fields on the transfer
Make sure that the generated reference has 20 characters*. Do NOT edit the reference populated on the transfer
Click "Continue"
Review the transfer and if all good, click "Confirm"
*Notes:
CPF provides a new QR code to scan every month. Please refrain from reusing old QR codes to prevent failed CPF payments.
If the generated reference field contains less than 20 characters, do NOT proceed with the transfer. Kindly reach out to our support team via the chat option for further assistance.
How to pay Corporate Tax to IRAS
Note: For information on sending funds from your SGD Account in general, please visit this page.
The Inland Revenue Authority of Singapore (IRAS) has provided several ways to pay your corporate tax. With Aspire, you can easily do this in the app by making a regular transfer with the following details.
Payment mode: FAST (capped at SGD 200,000.00)
IRAS Bank Account details:
Payee - Commissioner of Inland Revenue
Account Type - DBS Current Account
Account No. - 0010468669
DBS Swift Code - DBSSSGSG
DBS Bank Code - 7171
Bank's Address - 12 Marina Boulevard, DBS Asia Central, Marina Bay Financial Centre Tower 3, Singapore 018982
What to indicate under transfer reference:
Your tax reference number
Tax type (e.g. GST, withholding tax)
How to pay GST
You can pay your GST via bank transfer using your Aspire SGD account. To do this:
Access this link to view IRAS' accepted payment methods
Click "Internet Banking Fund Transfer" to copy the account details and read further transfer instructions from IRAS
Open your Aspire account, click on "SGD Account" from your homepage
Click "Make a transfer", select "New recipient", then place the account details of IRAS
Place the necessary transfer details and follow the user flow
Questions? Chat with us by clicking on the messenger icon at the bottom right of the screen once you are logged in.