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)
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.
7. Once done, you can download the copy to your device. When downloading Aspire's USD Batch payments template, you may select the CSV format.
8. Upload the downloaded copy of the USD FX Batch Payment template. You can also edit the uploaded batch name.
9. Next, review the matched Aspire fields with your .CSV fields
10. 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.
11. Once completed, click on "Next".
12. 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"
13. Next, review your batch payment transfer. You can review the successful transfer list by clicking "Show list".
Notes:
If your transfer exceeds USD 14,000, you'll be required to provide additional information about your relationship with the recipient and the purpose of the transfer.
To see unsuccessful transfers, click "Show list" under the Errors section.
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.
14. 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
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
Choose a category for the batch transfer (required) and attach a budget (optional), then click "Next"
Notes:
If your transfer exceeds USD 14,000, you'll be required to provide additional information about your relationship with the recipient and the purpose of the transfer.
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.
7. Once done, you can download the copy to your device. When downloading Aspire's USD Batch payments template, you may select the CSV format.
8. Upload the downloaded copy of the USD Batch Payment template. You can also edit the uploaded batch name.
9. Next, review the matched Aspire fields with your .CSV fields
10. 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.
11. Once completed, click on "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". Hover on the field to see the exact error.
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".
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.