Aspire Business Account

The No.1 Virtual Business Account in Southeast Asia

What is an Aspire Business Account?

It is a virtual business account that functions similarly as with any other usual corporate current accounts but without a cheque book & physical locations. An Aspire Business Account allows companies to manage their financial transactions quickly and conveniently all within one single setting.

Registration for the Aspire Business Account is simple and free. All it takes is just 5 to 10 minutes to sign-up, and approvals should take up to 24-48 hours! To top it off, you will also have easy access to apply for an Aspire Credit Line that may provide you with an affordable working capital financing solution to help grow and expand your business.

Why choose Aspire?

Free Account

You must be familiar with putting in minimum deposits or paying monthly fees when opening business accounts. However, an Aspire Business Account is free to open, with no minimum deposit. Even if there is only $1 in the account, it will still be no fee involved.

Instant Working Capital Support 

Your business can get up to a $300,000 line of credit approved in just 48 hours, with the interest rate as low as 1%! The best of all, there is no monthly or non-utilisation fee needed. You just pay for what you use!

Attractive Forex Fees

The Aspire Business Account has the lowest foreign exchange fees in the market to over 50 currencies, powered by Transferwise. SMEs will have access to rates that are up to 7 times cheaper than most banks. More information here.

Aspire Corporate Card

The Aspire virtual Visa debit card is accessible with no cost and automatically syncs with the account. It allows for integration with Google Pay for card-less online and/or in-store purchases. It also comes with auto-categorisation features for effortless accounting.

Integrated with Xero Accounting

The account comes with other features like accounting software integration with Xero, for quick and efficient transaction reconciliations. The Aspire and Xero integration offers the fastest sync in the market, hourly compared to daily by other banks.  Money management is made simple with multi-user access where directors can invite accountants and/or co-founders with limited access to the account.


Easily accessible Payroll & HR Data

Our mobile app allows you and your employees the access to update and interact with HR related matters on the go.

Here are the steps on how to register and set up InvoiceNow in Xero through the integration partner, Storecove.


Fully compliant and integrated Payroll module. Save up to 80% in time consumption processing payroll with our very own automated software
Customisable Leaves Types to suit your needs. Applying leaves is just a touch away with our Payboy App
Claim Management module allows employees to submit their claims digitally. Our claims module integrates seamlessly with our payroll module
Employee Portal
Empower your employees with better HR communications through our employee on-boarding portal
Shifts Scheduling
Plan shifts for multiple outlets on the go with our customisable shift structure and recurring shift option
Geolocation Tracking and Capture Image functions allow you to verify the authenticity of your employee’s attendance
Project Costing
Project Costing module allows you to track and manage your labour cost across multiple different projects. Your employees can tag their claims expense and attendance records to the different projects they work at
360 Appraisal
Supercharge your employees’ performance with our 360 appraisal module. Create different type of appraisal forms for your different groups of employees
Track and manage multiple inventory records that are issued to your employees. Never lose track of what you have

There’s a reason why Payboy has more than 500 satisfied clients & 20,000 users!

Over 2 million subscribers use Xero!

Enjoy FREE K-Reporting (Worth US$199/month) when you subscribe Xero through us!

K-Reporting is an automated financial reporting tool that provides you with customizable reports and visualization.

Why choose Team 361 as your Xero vendor?

Rated as one of The 10 Finest Local Xero Advisors by Singapore Finest!
Listed by BestinSingapore as one of the top local providers for the Best Accounting Software in Singapore!
First PSG Pre-Approved Vendor for Xero

Xero PSG Application and Claim process guides

Here are the steps on how to register and set up InvoiceNow in Xero through the integration partner, Storecove.

Training is provided to ensure that you fully utilize the powerful capabilities of Xero

Learn what we cover in our training sessions here

Aspire Business Account: Frequently Asked Questions (FAQ)

Funds within the Aspire accounts are kept strictly segregated in a trust account with a safeguarding institution. MAS guidelines are complied with fully.

Almost all companies that are registered in Singapore with ACRA will be eligible to apply for Aspire accounts. Aspire does not exclude directors from sanctioned countries.

You will need to get the Director’s identity documents ready, such as NRIC, passport, and relevant employment passes etc. Alternatively, you can also apply for the account via MyInfo (SingPass).

No charges are needed, it is absolutely free to open the Aspire account. There are also no hidden periodic fees.

Team 361 is an official authorised partner of Aspire Virtual Account & Business Line of Credit. Being a leading business advisor, we provide value-added services to our clients by helping them to save on financing costs while growing their businesses.

Interested to arrange a demo?

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