Admin and Finance users have the ability to submit both local and FX batch payments from the Aspire SGD account.
How to submit batch FX payments
Send INR, USD, IDR, MYR, EUR, PHP, AUD, THB and VND transfers in batch from your SGD account by following these steps:
1. Under Frequently Used Actions, click "View all actions", then select "Make batch payment".
2. Select SGD account as the source account. You can also check the "Mark as Payroll transaction" box for payroll tagging. This ensures that users without payroll permission cannot view individual transactions or the total transfers made. To learn more about payroll permissions, refer to this FAQ.
3. Select FX transfer for payment type, and add the necessary transfer details such as tagging these transfers to a budget & their category
4. Click "Download SGD FX Template" and fill in the following details:
Template Field | Description |
Destination Currency (INR, USD, IDR, MYR, EUR, PHP, AUD, THB or VND) | Currency you want to send to the recipient. |
Source amount (amount you want to send in SGD) | Enter the amount that you want to send in either the "Source amount in SGD" or "Destination amount in destination currency" field. If both fields are filled, the source amount in SGD will be considered. |
Destination amount (amount you want to send in Destination Currency) |
|
Recipient type | Place "Private" or "Business" depending on the account recipient type |
Account holder name | Recipient's account name |
Account number / IBAN | Recipient's account number or IBAN |
SWIFT / BIC / BSB Code / IFSC Code | Recipient's SWIFT/BIC/BSB/IFSC Code |
ACH Routing Number (required only for USD transfers to recipients within US) | Recipient bank’s ACH routing number |
Purpose of Transfer (required only for USD & INR transfers) | Choose whether it’s Payment for software goods, Payment to businesses before collection of goods, Payment to businesses after collection of goods or Payments for software consultancy/services only |
Invoice Number (up to 30 characters, required only for SGD to INR transfers) | Invoice number related to the transfer |
Country Code (required only for SGD to USD transfers) | Recipient bank’s country code |
Account type (required only for USD transfers to US) | Choose whether it’s Savings or Checking |
Bank Name (required only for SGD to IDR transfers) | Bank name |
Bank Code (required only for PHP & THB transfers) | Recipient’s bank code |
Postcode (required only for PHP, THB & USD transfers) | Recipient’s postcode |
City (required only for PHP, THB, USD transfers) | Recipient's city |
Address (required only for PHP, THB, USD transfers) | Recipient's address |
Reference (optional) | Reference |
See additional transfer instructions here
5. Once done, save the CSV copy to your device, upload the CSV file, add the Batch Name, and click next.
6. If you did not use the Aspire CSV template, you can map your CSV fields to the Aspire transfer fields on this part. If all good, click next.
7. Choose the amount to fix in case the exchange rate changes before approval, then click “Review”
8. You can review the successful transfer list by clicking 
Notes:
To see unsuccessful transfers, click
To correct the errors, you can make adjustments to your .csv file and re-upload it. Amending the transfer details directly in Aspire is not available yet.
The batch payment transfers will also follow the transfer approval policy that has been set in place (if any). In this scenario, the approvals needed are determined based on the total amount included in the CSV file, NOT based on each individual transfer.
How to submit batch SGD payments
Follow the steps by steps below to make batch payment transfers using your SGD account:
Login to your Aspire web app.
Under Frequently Used Actions, click "View all actions", then select "Make batch payment".
Start creating your batch payment
Choose SGD as your Source account
Add your batch payment name
Link your batch payment transfer to a budget (optional)
Choose a category for your batch payment transfers (required)
Click Next
Upload recipient and transfer details
You can upload your own CSV file. Make sure the file size is less than 10MB and has the following columns: Recipient Account holder name, Account number, Bank SWIFT code and the Transfer amount.
Otherwise, you can also use our template by clicking on Aspire's SGD batch payment template. When downloading Aspire's IDR batch payment template, you may select CSV or XLSX format.
To ensure the numbers under Account Number are not truncated and still intact, please input them as a "Text Field". Additionally, ensure there is no space, hyphen (-), or other symbol in the Account Number section.
Once uploaded, click Next.
Match the .csv columns accordingly between the Aspire fields and Your .csv fields. If all good, hit "Review".
It will take a few minutes to upload your batch payment, you can always come back to it later by finding it under your Pending Transactions. Otherwise, you can click on "Review transactions"
Review the details of your batch payment.
Click on
to see the fee breakdown per successful entry.
Click on
to review unsuccessful entries. If there are any errors, you can amend the relevant items on the .csv file and Re-upload file
If there are any errors, you can amend the relevant items on the .csv file and Re-upload file
Once the batch payment is good to go, click on Submit transfers.
Notes:
The batch payment transfers will also follow the transfer approval policy that has been set in place (if any). In this scenario, the approvals needed are determined based on the total amount included in the CSV file, NOT based on each individual transfer.
Users who can make batch payment transfers are Admin, Finance with transfer rights, and Finance with submit-only rights.
Currently, the batch payment feature for SGD currency is only available for the same currency transfers (SGD to SGD).
Batch SGD transfer costs SGD $0.5 per transfer.
Questions? Chat with us by clicking on the messenger icon at the bottom right of the screen once you are logged in.