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Guide to Receiving Local Transfers to Aspire USD Account
Guide to Receiving Local Transfers to Aspire USD Account

Your USD Local account details can only receive USD transfers from within the US.

Updated over a week ago

Accessing Your USD Local Account Details

Admin users must activate the USD Account details to receive and store transfers to the Aspire USD Account.

Note: Only certain clients can have the USD Local Account Details based on our partner's Terms & Conditions. However, you can still receive transfers to your USD Account using the USD SWIFT Account Details.

Once activated, Admin and Finance users can share the account details with the sender by following the guide below:

  1. Login to your Aspire account

  2. Click on "USD Account" under Accounts

    Screenshot-2024-03-14-161539

  3. Click on "See Local details" under the Local Account Details tab

    Screenshot-2024-03-14-161716
  4. Click on "Share details"

  5. Choose whether you want to "Download official letter" or "Copy payment instructions". Either way, you can share the local account details with your sender!

Note:

  • We are not able to receive ELECTRONICS FUNDS TRANSFER (EFT)

  • Your Aspire USD Account under CurrencyCloud is unable to send or receive crypto-related transfers.

Additional details for receiving transfers to your USD Local account details:

Account Name

Your company name

Account number

Your account number seen in-app

Routing Number

For ACH transfers: 026073150

For ABA/FebWire transfers: 026073008

Bank Name

Community Federal Savings Bank

Bank Address*

810 Seventh Avenue, New York, NY 10019, US

Beneficiary Address

You can share your business address

Note: *We partner with Community Federal Savings Bank to collect the money locally in the US. Your USD funds are held with DBS in Singapore.

Supported Transfer Type, Fee, Limit & Timeframe

You can receive these transfer types to your USD Local Account Details:

Transfer Type

Aspire Fee

Transfer Limit

Timeframe*

ACH Transfer

FREE!

USD 5M per transfer

1-2 business days to receive and process

ABA/FedWire Transfer

FREE!

USD 1M per transfer

1-2 business days to receive and process

For larger amounts, use your USD SWIFT account details.

Note: *Transfers are subjected to compliance checks. Our team may email you to ask for further details or documents before we release your transfer. While we will do our best to expedite these reviews, Aspire can not be held responsible for any delays arising from such reviews.


Supported Currency & Country

Your USD Local account details can only receive USD transfers from within the US.

Any funds received into your Aspire USD local account details from an account outside the US will be automatically returned to the sender. It could take between 5-10 days for the funds to be received by the sender.

We are not able to guarantee if the exact amount will be returned because there could be intermediary bank fees involved, which is beyond our control.

Please use your Aspire USD SWIFT account details to receive funds from accounts outside the US.

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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