This guide explains how to send GBP and foreign currencies locally from your Aspire GBP account. Choose the section below based on the currency you want to send.
Supported Transfer Types, Fees, Limits & Timeframe
Your Aspire GBP account supports 3 types of local transfers:
GBP transfers within the United Kingdom via FPS
GBP transfers within the United Kingdom via CHAPS
Foreign currency transfers to recipients in their currency's home country
Sending GBP Currency
You can send local transfers from your Aspire GBP account to recipients within the United Kingdom.
Transfer Type | Aspire Fee | Transfer Limit | Estimated Timeframe |
FPS (Faster Payments Service) | Free | GBP 1 M | 1-2 business days* |
CHAPS (Clearing House Automated Payment System) | Free | GBP 1 M | 1-2 business days* |
*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.
Sending foreign currencies
You can send various foreign currencies to recipients within their currency's home country (local transfer).
For detailed requirements specific to each currency, visit the relevant currency-specific guide.
Currency Specific Guide
Currency Specific Guide
Currency | Home Country |
United Arab Emirates | |
Argentina | |
Australia | |
Canada | |
Switzerland or Liechtenstein | |
Chile | |
China | |
Costa Rica | |
Denmark | |
Egypt | |
Hungary | |
Indonesia | |
Israel | |
India | |
Japan | |
Kenya | |
South Korea | |
Morocco | |
Mexico | |
Malaysia | |
Nigeria | |
Norway | |
New Zealand | |
The Philippines | |
Pakistan | |
Poland | |
Romania | |
Sweden | |
Singapore | |
Thailand | |
Turkey | |
Uruguay | |
South Africa |
Notes:
All transfers are subject to compliance checks by our team or partners, which may occasionally result in delays for your recipient 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 your recipient 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.
Fees for sending foreign currencies are always shown upfront in the Aspire app before you transfer.
How to send GBP from the Aspire GBP Account (FPS or CHAPS)
Admin, Finance with transfer rights, and Finance with submit-only rights users can initiate GBP transfers.
If your recipient uses a local bank account as the transfer detail, follow the steps below:
On your Aspire dashboard, click "GBP Account" under "Accounts".
Click "Make a transfer".
Select "Pay a recipient".
Click on "New Recipient".
Select GBP as the currency you wish to send.
Fill in the recipient’s details:
Account holder full name
Recipient type: Individual or Company
Country: United Kingdom
Payment method: Select "Local"
Account number
Sort code
Select GBP account as the source of funds.
Enter the transfer amount.
Complete the transfer details:
Payment Reference (Optional)
Choose a category (Mandatory)
Link the transaction to a budget (Optional)
Other payment reference fields
Once you have reviewed your payment details and are satisfied with them, click the "Confirm" button.
Note: Scheduled transfers are not yet available for GBP transfers.
How to send foreign currencies locally from the Aspire GBP Account
Admin, Finance with transfer rights, and Finance with submit-only rights users can initiate foreign currency transfers.
On your Aspire dashboard, click "Make a transfer" under the Frequently Used Actions.
Select "Pay a recipient".
Click on "New Recipient".
Select the currency you wish to send.
Fill in the recipient’s details (the fields might differ depending on the selected currency):
Account holder's full name
Recipient type: Individual or Company
Bank Country
Payment method
Bank name
Account number
Recipient Address
Postcode
Select GBP account as the source of funds.
Enter the transfer amount.
Complete the transfer details:
Payment Reference (Optional)
Choose a category (Mandatory)
Link the transaction to a budget (Optional)
Other reporting fields (if any)
Once you have reviewed your payment details and are satisfied with them, click the "Confirm" button.
Notes: Scheduled transfers are not yet available for local transfers to other foreign currencies.
What name will be displayed as the sender of the transfer?
GBP transfers via FPS or CHAPS: The recipient will see your business name as the sender's name.
Foreign currency transfers: The sender's name shown to your recipient may vary, as it depends on what their bank chooses to display.
Questions? Chat with us by clicking on the messenger icon at the bottom right of the screen once you are logged in.