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Guide to Sending Local Transfers from Aspire USD Account
Guide to Sending Local Transfers from Aspire USD Account
Updated this week

Note: You can send free and instant transfers to other Aspire accounts. Please check your eligibility here.

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: *Please note that all transfers go through compliance checks by our team or partners, which might cause delays in receiving the funds. Our team might email Admin and Finance users for additional details or documents needed to process your transfer. While we strive to complete these reviews quickly, we can't provide an exact timeline for when you will receive the funds, as weekends, public holidays, and banking hours might also affect the timing. We appreciate your understanding and patience regarding any potential delays.

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

*To ensure a smooth transfer, we recommend confirming the exact name format with your beneficiary. Although omitting special characters in the Account Holder's name typically works, there is a slight possibility that the beneficiary's bank may reject the transfer due to a name discrepancy. Verifying this information in advance can help prevent any potential issues.

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.

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