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How to activate my SGD SWIFT Account to receive international payments?
How to activate my SGD SWIFT Account to receive international payments?
Updated over a month ago

Businesses incorporated in Singapore

To receive international funds to the SGD Account, it is necessary to have SWIFT account details. Your SGD Local Account details cannot be used for receiving international transfers.

Admins can follow the steps below to set up the SWIFT Account Details:

  1. On your Aspire dashboard, click "Funds" in the left navigation bar (web app) or click "Menu" and choose "Funds" (mobile app).

  2. Select your SGD Account

  3. Click on "View account details"

  4. Click on "Request account details" under the SWIFT Details, should the director agree to the T&Cs appended within.

Admin users will receive a confirmation email once we receive the request. Please allow our team to enable your SGD SWIFT account details within 6-8 business days. We'll send another confirmation email once your SGD SWIFT account is activated.

Once activated, return to the same page for your Swift Account Details to share with your payers for them to send SWIFTs/Wires/Telegraphic Transfers into your Aspire Account.

Notes: You cannot activate your SGD SWIFT Account details if you have an existing Wallex Account. Please chat with our Support Team via the Aspire app, if you wish to port your existing Wallex Account to your Aspire account.

Why can't I activate my SWIFT SGD Account details?

One common reason is that our partner does not support a number of business activities as per their Acceptable Use Policy.

We can offer an alternative solution for you to receive SWIFT transfers to your Aspire SGD account. You may refer to this article.

Businesses incorporated in other supported countries

Only businesses registered in Singapore can request SWIFT account details for their Aspire SGD Account.

Please click here to explore alternative options for receiving international payments to your SGD Account.

Questions? Chat with us by clicking on the messenger icon at the bottom right of the screen once you are logged in.

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