If your employee has a local bank account, salary payments can be made via FPS or CHATS transfers directly from your business account.

Here are the key differences:

Aspire supports FPS and CHATS transfers from your HKD, CNY, and USD account at competitive fees.

How to make a local payroll transfer.

Employers can pay overseas employees in their local currency (available for selected countries) or via cross-border transfers from a business bank account.

Payment methods:

Aspire supports international transfers at mid-market FX rates and competitive fees.

Here’s a summary of the fees for top destination countries:

Refer to our fees and step-by-step guides on making transfers from your Aspire multi-currency account: How to make an FX payroll transfer.

Admin users, as well as Finance with transfer rights and Finance with submit-only rights users that have been granted “Payroll” permission can make payroll batch transfers with the Aspire payroll feature.

Refer to this article on: How to grant a user “Payroll” permission.

To make a local payroll transfer from your Aspire HKD, CNY, or USD account, you may refer to the article below:

Currently, our batch payment feature does not support FX transfers. You can make single transfers by following the steps by steps in the article below:

MPF contributions can be made to approved trustees directly through the below payment methods:

You can make a payment transfer from your Aspire HKD account to the trustee’s bank account by following the steps by steps in the article: Guide to Sending Local Transfers from Aspire HKD, USD, CNY Account for Hong Kong or China Incorporated Businesses