Supported currencies, countries and transfer limits
As long as you have your client's local bank details in their respective country (e.g. Australian/Canadian local bank account details), Admin and Finance users with transfer rights can send local transfers in their home currency for FREE!
Currency | Home Country | Maximum Amount per Local Transfer |
AUD | Australia | No limit |
CAD | Canada | 100K CAD |
CZK | Czech Republic | 1M CZK |
DKK | Denmark | No Limit |
EUR | Europe | No Limit |
GBP | United Kingdom | 100k GBP |
HKD | Hong Kong | 500K HKD |
HUF | Hungary | 10M HUF |
IDR | Indonesia | 350M IDR |
INR* | India | 1.5M INR per beneficiary per day |
MXN | Mexico | No Limit |
MYR | Malaysia | 100K MYR |
NOK | Norway | 25M NOK |
PHP | Philippines | 1.3M PHP |
PLN | Poland | 150K PLN |
RON | Romania | 200K RON |
SEK | Sweden | No Limit |
USD | United States | 1M USD |
SGD | Singapore | 200K SGD |
Notes: *You can initiate unlimited outbound transfers daily, except for INR local payouts.
Transfer Fee
Sending these supported currencies locally to their home country is FREE!
Transfer Timeframe
Local transfers are processed within 1-2 business days*.
Notes: *Our partners may perform compliance checks on transactions, which could result in delays in funds receipt. Admins and Finance users will be notified if more documents or information are required before funds are credited. Additionally, weekends, public holidays, and banking hours may also affect funds receipt, which is beyond our control.
How to send local transfers from USD account
1. Go to your USD Account, click on "Submit a transfer"
2. Click on "New Recipient"
3. Select the currency you wish to send, then place the account holder name, country and recipient type
4. Select "Local Bank Account" tab
5. Enter the recipient's bank details and proceed by clicking the "Continue" button
6. Enter the amount you wish to send and fill in other transfer fields:
Link the transaction to a budget
Payment Reference
Internal note (only shown in your Aspire account)
Other payment reference fields
Notes: Scheduled transfer is not yet available for transfers from USD Account.
7. Once you have reviewed your payment details and are satisfied with them, click the "Confirm" button
Notes: If you're experiencing an error message when sending transfers, you can find further details here.
What name will be displayed as the sender of the transfer?
For EUR & GBP local transfers, the beneficiary will see your company name as the sender of the funds.
For other supported currencies, the beneficiary will see Currencycloud or Currencycloud payment partners' names as the sender of the transfer.
Questions? Chat with us by clicking on the messenger icon at the bottom right of the screen once you are logged in.