How to submit batch FX payments
Send money in batches of any of our supported currencies from your USD account! Simply follow these steps and you'll be good to go:
Under Frequently Used Actions, click "View all actions", then select "Make batch payment".
Select USD account as the source account.
Click on "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 article.
Select "FX Payment" for transfer type
Choose a category for the batch transfer (required) and attach a budget (optional)
Next, click "Download .CSV Template" and make a copy of the file. Next. fill in the following details:
Destination Currency | Currency you want to send to the recipient. |
Source amount (amount you want to send in USD) | Enter the amount that you want to send in either the "Source amount in USD" or "Destination amount in destination currency" field. If both fields are filled, the source amount in USD will be considered. |
Destination amount (amount you want to send in Destination Currency) | Enter the amount that you want to send in either the "Source amount in USD" or "Destination amount in destination currency" field. If both fields are filled, the source amount in USD will be considered. |
Account holder name | Recipient's account name |
Recipient type | Choose "company" or "individual" depending on the account recipient type |
Bank Country | Recipient's bank country |
Account number / IBAN | Recipient's account number or IBAN |
SWIFT / BIC / BSB Code | Recipient's SWIFT/BIC/BSB Code |
Address | Recipient's address |
City | Recipient's city |
Bank | Bank name; required only for USD to HKD transfers |
Postcode | Bank's postcode. |
Purpose of transfer | Choose the purpose of your transfer. Only required for USD to INR transfers. |
Invoice number | The invoice number of your payment, up to 30 characters. |
Invoice date | The date of your invoice, in format DD-MM-YY. Only required for USD to INR transfers. |
Reference (optional) | Payment Reference. |
Notes:
To ensure the numbers under the Account number / IBAN are not truncated and still intact, please input them as "Plain Text" and align them to the right.
Additionally, ensure there is no space, hyphen (-), or other symbol in the Account number / IBAN.
6. Once done, you can download the copy to your device. When downloading Aspire's USD Batch payments template, you may select the CSV format.
7. Click on "I have already filled the template" and upload the downloaded copy of the USD FX Batch Payment template. You can also edit the uploaded batch name.
8. Next, review the matched Aspire fields with your .CSV fields
9. Next, configure the fee for the transfers. You can choose between local or SWIFT transfer.
Notes:
Local transfer: No fees, transfer will be received in 2-3 business days and our Partner's name will be displayed as the sender's name.
SWIFT transfer: USD 15 per transfer, will be received in 4-5 business days, and your business name will be displayed as the sender's name.
You also have the option to cover the intermediary bank fees by toggling this button.
10. Once completed, click on "Next".
11. Select whether you prefer to fix the Source amount or the Destination amount in case there are any changes in the exchange rate before approval, then click "Review"
12. Next, review your batch payment transfer. You can review the successful transfer list by clicking 
.
Notes:
To see unsuccessful transfers, click "Show Errors"
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.
13. If all is good, click "Submit transfers".
List of Supported Currencies you can send in batch from your USD Account:
Transfer type supported | Destination Currency & Destination Bank Country |
Local transfers only | • IDR to Indonesia |
| • PHP to the Philippines |
| • MYR to Malaysia |
| • INR to India |
SWIFT transfers only | • GBP to UK |
| • THB to Thailand |
| • AED to UAE |
| • JPY to Japan |
Local and SWIFT supported | • SGD to Singapore |
| • AUD to Australia |
| • HKD to Hong Kong |
| • EUR to Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Ireland, Greece, Italy, Lithuania, Luxembourg, Monaco, Malta, Netherlands, Portugal, Slovakia, Slovenia, Spain, Latvia, Bulgaria, Croatia, Hungary, Iceland, Liechtenstein, Norway, Poland, Romania, Sweden, Switzerland, United Kingdom, and Denmark |
Note: If you select local transfers and one of the destination currencies is not eligible for local transfers, it will be automatically processed through SWIFT transfer instead.
How to submit batch USD payments
For recipients located in the US
Under Frequently Used Actions, click "View all actions", then select "Make batch payment".
Select USD account as the source account.
Click on "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 article.
Select "Same Currency" for payment type, and "Located in the US" as the recipient location.
Choose a category for the batch transfer (required) and attach a budget (optional)
Next, click "Download .CSV Template" and make a copy of the file. Next. fill in the following details:
Account holder name | Recipient's account name |
Account Number | Recipient's account number |
Bank SWIFT Code | Bank's SWIFT code.
If you're making a local transfer to recipients within the US, please enter "Null" in the Bank SWIFT code column. |
ACH Routing Number | Recipient's ACH Routing number.
If you're making a SWIFT transfer to recipients within the US, please enter "Null" in the ACH Routing Number column. |
Transfer Amount | The amount you want to send to the recipient. |
Recipient type | Place "company" or "individual" depending on the account recipient type |
Address | Bank's address. |
City | Bank's city. |
State/ Province | Bank's state/province. |
Postal Code | Bank's postal code. |
Reference (optional) | Transfer reference. |
Notes:
To ensure the numbers under the Account number or ACH Routing Number are not truncated and still intact, please input them as "Plain Text" and align them to the right.
Additionally, ensure there is no space, hyphen (-), or other symbol in the Account number or ACH Routing number.
6. Once done, you can download the copy to your device. When downloading Aspire's USD Batch payments template, you may select the CSV format.
7. Click on "Upload filled .CSV Template" and upload the downloaded copy of the USD Batch Payment template. You can also edit the uploaded batch name.
8. Next, review the matched Aspire fields with your .CSV fields
9. Next, select the transfer mode and fee. You can choose between Local or SWIFT transfer.
Notes:
Local transfer: No fees, transfer will be received in 1-2 business days and our Partner's name will be displayed as the sender's name.
SWIFT transfer: USD 15 per transfer, will be received in 1-4 business days, and your business name will be displayed as the sender's name.
For SWIFT transfers, you have the option to cover the intermediary bank fees by toggling this button. Please be aware that an additional USD 15 will be added if you decide to cover the intermediary bank fees.
10. Once completed, click on "Review".
11. Next, review your batch payment transfer. You can review the successful transfer list by clicking .
Notes:
To see unsuccessful transfers, click "Show Errors"
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.
12. If all is good, click "Submit transfers".
For recipients located outside the US
Under Frequently Used Actions, click "View all actions", then select "Make batch payment".
Select USD account as the source account.
Click on "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 article.
Select "Same Currency" for payment type, and "Located outside the US" as the recipient location.
Choose a category for the batch transfer (required) and attach a budget (optional)
Next, click "Download .CSV Template" and make a copy of the file. Next. fill in the following details:
Account holder name | Recipient's account name |
Account Number or IBAN | Recipient's account number or IBAN |
Bank SWIFT Code | Bank's SWIFT code. |
Transfer Amount | The amount you want to send to the recipient. |
Country Code | Bank's country code. |
Recipient type | Choose "company" or "individual" depending on the account recipient type |
Address | Bank's address. |
City | Bank's city. |
State/ Province | Bank's state/province. |
Postal Code | Bank's postal code. |
Reference (optional) | Transfer reference. |
Notes:
To ensure the numbers under the Account number or IBAN are not truncated and still intact, please input them as "Plain Text" and align them to the right.
Additionally, ensure there is no space, hyphen (-), or other symbol in the Account number or IBAN.
6. Once done, you can download the copy to your device. When downloading Aspire's USD Batch payments template, you may select the CSV format.
7. Click on "Upload filled .CSV Template" and upload the downloaded copy of the USD Batch Payment template. You can also edit the uploaded batch name.
8. Next, review the matched Aspire fields with your .CSV fields
9. Next, select the transfer mode and fee. Since this is a SWIFT transfer, each of your transfers will be charged USD 15 as the fee.
Note: You have the option to cover the intermediary bank fees by toggling this button.
Please be aware that an additional USD 15 will be added if you decide to cover the intermediary bank fees.
10. Once completed, click on "Review".
11. Next, review your batch payment transfer. You can review the successful transfer list by clicking .
Notes:
To see unsuccessful transfers, click "Show Errors"
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.
12. If all is good, click "Submit transfers".
For recipients located inside and outside the US
Under Frequently Used Actions, click "View all actions", then select "Make batch payment".
Select USD account as the source account.
Click on "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 article.
Select "Same Currency" for payment type, and "Both" as the recipient location.
Choose a category for the batch transfer (required) and attach a budget (optional)
Next, click "Download .CSV Template" and make a copy of the file. Next. fill in the following details:
Currency | Enter your recipient's currency.
Click here to view the supported currency from the USD batch payment transfer. |
Account holder name | Recipient's account name |
Account Number or IBAN | Recipient's account number or IBAN |
Bank SWIFT Code | Bank's SWIFT code.
If you're making a local transfer, please enter "Null" in the Bank SWIFT code column. |
Transfer Amount | The amount you want to send to the recipient. |
Country Code | Bank's country code. |
ACH Routing Number | Recipient's ACH Routing number.
If you're making a SWIFT transfer, please enter "Null" in the ACH Routing Number column. |
Recipient type | Choose "company" or "individual" depending on the account recipient type |
Address | Bank's address. |
City | Bank's city. |
State/ Province | Bank's state/province. |
Postal Code | Bank's postal code. |
Reference (optional) | Transfer reference. |
Notes:
To ensure the numbers under the Account number/ IBAN or ACH Routing Number are not truncated and still intact, please input them as "Plain Text" and align them to the right.
Additionally, ensure there is no space, hyphen (-), or other symbol in the Account number/ IBAN or ACH Routing number.
6. Once done, you can download the copy to your device. When downloading Aspire's USD Batch payments template, you may select the CSV format.
7. Click on "Upload filled .CSV Template" and upload the downloaded copy of the USD Batch Payment template. You can also edit the uploaded batch name.
8. Next, review the matched Aspire fields with your .CSV fields
9. Next, select the transfer mode and fee. For recipients in the US, you can choose between Local or SWIFT transfer. For recipients outside the US, the transfer will be processed using SWIFT.
Notes:
Local transfer: No fees, transfer will be received in 1-2 business days and our Partner's name will be displayed as the sender's name.
SWIFT transfer: USD 15 per transfer, will be received in 1-4 business days, and your business name will be displayed as the sender's name.
For SWIFT transfers, you have the option to cover the intermediary bank fees by toggling this button. Please be aware that an additional USD 15 will be added if you decide to cover the intermediary bank fees.
10. Once completed, click on "Review".
11. Next, review your batch payment transfer. You can review the successful transfer list by clicking .
Notes:
To see unsuccessful transfers, click "Show Errors"
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.
12. If all is good, click "Submit transfers".
Why does my batch payment transfer statement not show the transactions and their fees together?
The statement for your batch payment transfer lists transactions and fees separately due to the execution sequence and queue delays. Transactions and fees will appear based on their respective execution timestamps.
As an alternative, you can download the account statement for the specific date when the transaction was executed.
Questions? Chat with us by clicking on the messenger icon at the bottom right of the screen once you are logged in.