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Guide to Activating Aspire Multi-Currency Accounts

Updated over 2 weeks ago

Who provides the Aspire Multi-Currency Account?

EUR, GBP, HKD, and CNY accounts are provided by AFT HK Limited ('Aspire HK'), which partners with a Tier 1 bank to hold your multi-currency deposits securely and deliver banking services. AFT HK Limited is registered in Hong Kong (75317450-000) and licensed as a Money Service Operator by the Hong Kong Customs and Excise Department. Funds held in accounts provided by AFT HK Limited are not insured by the Federal Deposit Insurance Corporation in the United States.

Required Documents

When applying for multi-currency accounts, you'll need to provide additional documentation to meet the regulatory requirements. The specific documents required depend on your business risk profile and structure.

Note: You may not need to submit all of the documents listed below. Our system will guide you through which documents to submit during the application process.

  1. Constitution / Operating Agreement

    1. What it is: Your company's constitutional document that outlines governance structure and operations.

    2. For US entities, this includes:

      1. Articles of Organization (for LLCs)

      2. Operating Agreement

      3. Corporate Bylaws (for Corporations)

    3. Requirements:

      1. Complete document (all pages)

      2. Must be current and valid

      3. Clear, legible copy in PDF format

  2. Shareholding Declaration

    1. What it is: A document that provides details about your company's ownership structure, particularly when you have corporate shareholders.

    2. When you may need this:

      1. If your company has corporate shareholders (not individual shareholders)

      2. If there are corporate shareholders that own > 25% shares

    3. What to include:

      1. Names of corporate shareholders

      2. Percentage of ownership for each

      3. Organizational structure showing the ownership chain

    4. Requirements:

      1. Can be a formal declaration or an ownership chart

      2. Must show clear ownership percentages

      3. Should include details of any intermediate holding companies

  3. Ultimate Beneficial Owner (UBO) ID

    1. What it is: Government-issued identification for individuals who ultimately own or control your company.

    2. Who needs to provide this:

      1. Individual shareholders who own more than 25% of your company

    3. Accepted documents:

      1. Passport

      2. National ID card

      3. Driver's license (with photo)

    4. Requirements:

      1. Must be valid (not expired)

      2. Information must be readable

  4. Executive Controller (EC) ID

    1. What it is: Government-issued identification for the person who has ultimate control over your company when there's no majority shareholder.

    2. When you may need this:

      1. If no single individual owns more than 25% of your company

      2. To identify who makes the key decisions for the business

    3. Accepted documents:

      1. Passport

      2. National ID card

      3. Driver's license (with photo)

    4. Requirements:

      1. Must be valid (not expired)

      2. Information must be readable

  5. Proof of Business (POB)

    1. What it is: Documentation that demonstrates your business is actively operating or has concrete plans to operate.

    2. What to include: Please provide one of the acceptable proof of business documents listed here, based on how long your business has been incorporated.

Activating Aspire Multi-Currency Accounts during Aspire Account Registration

If you're applying for a new Aspire account, you can request access to multi-currency accounts during the registration process.

  1. Complete Your Aspire Account Application

    1. First, complete the standard Aspire account application process. For detailed instructions, see our guide on How US businesses can apply for an Aspire account.

  2. Select the debit account you want to open.

    1. Available currencies include:

      1. HKD account (local payout and collection within Hong Kong)

      2. CNY account (local payout and collection within Hong Kong)

      3. EUR account (SWIFT payout and collection)

      4. GBP account (SWIFT payout and collection)

    2. After selecting the debit account, click "Continue" to proceed with providing additional information or click Skip for now if you want to add these accounts later.

  3. Submit personnel details

    1. You'll need to provide identification documents for key personnel associated with your business.

  4. Submit business details

    1. You'll need to submit the required business documents based on your company profile.

  5. Review and accept the Terms and Conditions.

After submitting your application, our team will review your request. Aspire account and additional multi-currency account activation can take 2-3 business days.

Activating Aspire Multi-Currency Accounts after Aspire Account is Active

If your Aspire account is already active and you want to add multi-currency accounts, you can request access anytime through your dashboard.

  1. From your Aspire dashboard, navigate to the Funds section and select "Add a new account".

  2. Select the debit account you want to open.

    1. Available currencies include:

      1. HKD account (local payout and collection within Hong Kong)

      2. CNY account (local payout and collection within Hong Kong)

      3. EUR account (SWIFT payout and collection)

      4. GBP account (SWIFT payout and collection)

  3. Click "Provide additional documents"

  4. Submit personnel details

    1. You'll need to provide identification documents for key personnel associated with your business.

  5. Submit business details

    1. You'll need to submit required business documents based on your company profile.

  6. Review and accept the Terms and Conditions.

After submitting your application, our team will review your request. Additional multi-currency account activation can take up to 2 business days.

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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