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I haven't received my fund transfer yet, what should I do?

Updated over 3 weeks ago

If your funds haven’t arrived in your Aspire account, we understand how concerning that can be. This guide will help you understand standard transfer timelines, possible reasons for delays, and what you can do next.

Standard Processing Times for Inbound Transfer

Transfer timelines vary depending on the account type and transfer method. Please refer to the table below:

Account

Transfer Type

Timeline

SGD Account

FAST transfer

Instant (up to 2 hours during periods of high volume)

SGD Account

GIRO transfer

4-5 business days

SGD Account

MEPS transfer

4-5 business days

SGD Account

Local Telegraphic transfer

4-5 business days

SGD Account

Direct Credit Authorization

4-5 business days

SGD Account

SWIFT transfer

  • 2-3 business days

  • Aspire would usually process the funds within 1 business day of receiving them.

USD Account

ACH transfer

1-2 business days

USD Account

ABA/FedWire transfer

1-2 business days

USD Account

SWIFT transfer

  • 2-5 business days

  • Aspire would usually process the funds within 1 business day of receiving them.

EUR Account

SEPA transfer

1-2 business days

EUR Account

SWIFT transfer

  • 3-5 business days

  • Aspire would usually process the funds within 1 business day of receiving them.

GBP Account

FPS or CHAPS transfer

1-2 business days

GBP Account

SWIFT transfer

  • 3-5 business days

  • Aspire would usually process the funds within 1 business day of receiving them.

Ensure you have waited for the full expected timeline before escalating an issue.

Common Reasons for Delayed Transfers

Several factors can cause delays in receiving your funds:

  • Compliance Reviews: Transfers may be held for compliance checks by Aspire or our payment partners. If additional documents (e.g., invoices or contracts) are requested, timely submission will help avoid delays.

  • Non-Business Days: Transfers are only processed on business days. This means that weekends and public holidays are not included in the estimated processing timeline.

  • High Transaction Volumes: Peak periods may result in slower processing by banks or intermediaries.

  • Incorrect Transfer Details: Mismatched or incorrect account numbers or beneficiary names can cause funds to be held or rejected.

What You Can Do

If your transfer hasn’t arrived after the expected timeframe:

  1. Check Transfer Details: Confirm that the sender used the correct Aspire account details.

  2. Contact Aspire Support: If everything appears accurate but funds are still missing, reach out to us through the in-app messenger.

  3. Prepare Supporting Documents
    We may ask for:

    • Transaction ID

    • Proof of transfer (e.g., receipt or bank screenshot)

    • Transfer type

These details help us investigate the issue with our payment partners.

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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