Note: The Premium Plan is currently in beta. If you're interested in activating the Premium Plan, please reach out to our Support team via the Aspire app.
Aspire Premium gives you more than just savings — it gives you your money back.
As part of the Premium plan, you’ll enjoy cashback on two items:
International transfer fees (SWIFT transfer fees).
Mid-Market FX rate on your first SGD 13,000 – cashback on the difference between Aspire’s FX Rate and the mid-market rate on eligible currency conversions.
Cashback for International Transfers Fees
With Aspire Premium, you get 5 international transfers every month with no fees when sending funds from your SGD, USD, EUR, or GBP account. This benefit applies to SWIFT international transfers, whether sent individually or as part of payroll or batch transfers.
How It Works
When you make an international transfer, Aspire deducts the standard SWIFT fee from your account at the time of the transaction.
This fee is then returned to your account in the form of cashback.
Cashback is always credited in SGD. If your transfer originates in another currency, the equivalent value will be calculated based on the FX rate at the time of the transaction.
This benefit applies to SWIFT transfers made through the following method:
Single outbound international transfers
International payroll or batch transfers.
International Outbound Transfer From SGD Account
If you send an international transfer from your SGD account, Aspire will inform you of the international transfer fee that was included in the transfer.
The international transfer fee is a part of the overall transfer fee. For example, if the fee is SGD 10.00, that amount will be credited back to your SGD account as cashback.
International Payroll or Batch Transfers From SGD Account
When you make an international payroll or batch transfer from your SGD account, any transfer fees incurred per transaction will be credited back to your account as cashback.
International Outbound Transfer USD, EUR, or GBP Account
When you make an international transfer from your USD, EUR, or GBP account, the SWIFT SHA fee (USD 15 or equivalent) will be deducted upfront.
Aspire will then credit the equivalent amount back to your account in SGD as cashback.
Note: SWIFT OUR (USD 30 or equivalent) is not included under the No-Fee International Transfer benefit.
International Payroll or Batch Transfers From USD Account
When you send an international payroll or batch transfer from your USD account, the SWIFT SHA fee (USD 15.00 per transfer) will be deducted upfront.
Aspire will then credit the equivalent amount back to your account in SGD as cashback.
Notes:
Once you've used all 5 no-fee transfers for the month, standard fees will apply to additional transfers, and no cashback will be issued.
SWIFT OUR (USD 30 or equivalent) is not included under the No-Fee International Transfer benefit.
Mid Market FX rate on your first SGD 13,000
As an Aspire Premium user, you get to enjoy the equivalent of mid-market FX rates on up to SGD 13,000 in FX volume every month.
When you make a currency conversion, Aspire applies the Aspire FX Rate. We then credit the difference between this rate and the mid-market rate back to your account as cashback, so you're effectively getting the mid-market rate.
How It Works
When you perform an eligible FX transaction, Aspire applies the Aspire FX Rate at the time of the transaction.
Aspire then calculates the difference between the Aspire FX Rate and the mid-market rate and returns the difference as cashback.
Cashback is credited in SGD.
This benefit applies to the transfer types below from your SGD, USD, EUR, or GBP account:
Outbound International Transfer (Single, Payroll, or Batch transfer)
Inbound International Transfer
Currency conversions using the Exchange Currency feature
The cashback calculation depends on which currency and processing partner is used.
International Outbound Transfer from SGD Account
When sending an international transfer from your SGD account, the Aspire FX Rate will be included as part of the transfer fee. The amount will then be credited back as cashback.
International Payroll or Batch Transfers From SGD Account
When you send an international payroll or batch transfer from your SGD account, Aspire will credit the difference between the Aspire FX Rate and the mid-market rate back to your account as cashback.
International Outbound Transfer from USD, EUR, or GBP Account
When you send an international transfer from your USD, EUR, or GBP account, you’ll receive cashback for the difference between:
The Aspire FX Rate at the time of the transaction, and
The mid-market rate available at that time
This difference is credited back to your account in SGD after the transfer is processed.
Example:
You send SGD 20.00 from your USD account, and the exchange rate applied is 1 USD = 1.341021 SGD.
Based on this rate, Aspire converts the amount and charges USD 15.53.
A SWIFT transfer fee of USD 15.00 is also charged upfront.
You receive a cashback of SGD 3.05 for the difference between Aspire’s FX Rate and the mid-market rate.
International Payroll or Batch Transfers From USD Account
When you send an international payroll or batch transfer from your USD account, you’ll receive cashback for the difference between Aspire’s FX Rate and the mid-market rate.
International Inbound Transfer to SGD, USD, EUR, or GBP Account
When you receive an international transfer to your SGD, USD, EUR, or GBP account, you’ll receive cashback for the difference between:
The Aspire FX Rate applied during the conversion, and
The mid-market FX rate at that time
This cashback is credited once the transfer is successfully received.
Example:
You received SGD 10,000 to your USD account.
The exchange rate used was USD 1.00 = SGD 1.311021.
The amount you received after the conversion is USD 7,627.64
Aspire credits SGD 8.00 to your account as cashback to reflect the difference between the Aspire FX Rate and the mid-market rate.
Exchange Currency feature
When you use the Exchange Currency feature to convert funds between your SGD, USD, EUR, or GBP accounts:
Aspire applies the Aspire FX Rate.
We then return the difference between this rate and the mid-market rate to your account as cashback.
FX Cashback Limit
Your cashback eligibility for FX volume is capped at SGD 13,000 per calendar month. After this limit is reached:
Standard Aspire FX Rates will apply
No cashback will be credited for FX transactions beyond the limit
Can I Get Cashback for Both FX Rate and Transfer Fees?
Yes. If you still have available quota for both:
Transfer Fee Cashback: Available for up to 5 international transfers per month.
FX Cashback: Available for up to SGD 13,000 in FX volume per calendar month.
You will automatically receive cashback for both in a single transaction.
International Outbound Transfer from SGD Account
When you send an international transfer from your SGD account and still have available quota for both cashback benefits, the full transfer fee will be returned to you as cashback.
This includes:
The international transfer fee, and
The difference between the Aspire FX Rate and the mid-market rate.
Both components will be credited as cashback to your Aspire account.
International Payroll or Batch Transfers from SGD account
When you send a payroll or batch transfer from your SGD account and still have available quota for both cashback benefits, the full transfer fee will be returned to you as cashback.
This transfer fee includes:
The international transfer fee, and
The difference between the Aspire FX Rate and the mid-market rate.
Both components will be credited as cashback to your Aspire account.
International Outbound Transfer from USD, EUR, or GBP account
When you send an international transfer from your USD, EUR, or GBP account and still have available quota for both cashback benefits, both the applicable transfer fee and the difference between the Aspire FX Rate and the mid-market rate will be returned to you as cashback.
Both components will be credited as cashback to your Aspire account.
International Payroll or Batch Transfers from USD account
When you send an international payroll or batch transfer from your USD account and still have available quota for both cashback benefits, both the applicable transfer fee and the difference between the Aspire FX Rate and the mid-market rate will be returned to you as cashback.
Both components will be credited as cashback to your Aspire account.
When will I receive my cashback?
Your cashback from Aspire Premium benefits will be credited to your account on the 1st of every month, based on the eligible transactions completed in the previous month.
How can I view my cashback?
You can view your cashback either during the transfer process or after the transaction is completed. Here’s how:
When making a transfer
When initiating an outbound transfer, you’ll see a summary of your Premium cashback benefits on the transfer screen.
The estimated cashback amount will be displayed under the “Premium Benefit Summary” section before you continue the transfer.
After the transfer is submitted
Once the transfer is submitted, you can view the earned cashback in the “Transactions” tab of your Aspire account.
On your Aspire dashboard, click "Transactions" in the left navigation bar (web app) or click "Menu" and choose "Transactions" (mobile app).
Select the relevant transfer entry.
The cashback amount will be clearly shown in the transfer panel.
If you have any questions or need assistance with your cashback details, feel free to contact our Support team via the in-app messenger.
Questions? Chat with us by clicking on the messenger icon at the bottom right of the screen once you are logged in.