The all-in-one, digital business account

Registration with Aspire takes less than 10 minutes which you can do via our website or mobile app.

Once registered, we will get back to you within 5 business days on whether your account has been activated or if we need further documents from you.

Our account verification process varies according to the nature of your business. In exceptional cases, it can take up to 7 days to process your documents.

There are no limits on the balance you can hold in your Aspire HKD, SGD, USD, GBP and EUR Accounts.

You can easily register for an account by clicking here.

Registration with Aspire takes less than 10 minutes and follows 3 steps:

Fill in the business details;

Fill in your director details; and

Verify your identity with a Selfie or with MyInfo.

‍What you need

‍In the simplest case, you will need:

Your name and ID number

Your email and mobile (verified with an OTP)

A picture of your identification document (national ID or passport)

A live selfie (taken with your phone or computer camera during the registration process)

If you already have a business - your business name, UEN, entity type, size (estimated turnover and # employees), and a description of your business activity or the address of your website

Once registered, you will hear from us within 5-7 business days.

We may contact you for more information‍

If your company has corporate shareholders with more than 25% ordinary shares, we will request their shareholding certificate. This document should show the % ownership and identity of the shareholders (Full name, Unique Identification Number, Nationality, Address).

‍Examples of documents accepted as certificates of shareholding are:‍

‍‍Certificates of incumbency

Certificates of incorporation/registration

Certified true copies of the shareholding structure, certified by a notary public

No minimum balance is required to keep your HKD, SGD, USD and EUR Accounts activated.

To put it simply, a business account is a bank account that you use for your business rather than your personal finances. A business account is focused towards catering a business and thus has features and services aimed towards businesses. It may provide features like low cost FX, Cashback on products & services tailored for businesses, multiple corporate cards, accounting software integrations etc. which a personal account would generally not offer.

There are various factors that decide which business account suits your business the best. You need to carefully evaluate various factors associated with the account, the account provided and your business to decide on which one suits you the best. Some of these factors are:

Reputation of the provider

Expertise

Account features & services

Fees, interest rates, and deposit requirements

Easy of access & account opening

Business entity type

Business size

Business operations - international or domestic etc.

It can take anywhere from two business days to a month or longer, on average, to setup a corporate account. The duration is determined by the KYC checks and internal processing times of the banks.

A corporate account in Hong Kong is used as an important tool for businesses to successfully manage their finances, ensuring operational efficiency, financial transparency, and access to critical banking services suited to the needs of Hong Kong -based enterprises. Businesses generally use it for the following reasons:

To enable business transactions

To help create a segregation of business funds and personal funds

To access additional capital for their growth and operational needs

To enhance finance management efficiency vis access to tools and services such as expense tracking, automated invoicing, and integration with accounting software

A corporate account and a business account are frequently used interchangeably. However, there are subtle distinctions between a corporate account and a business account, despite the similarity in terminology.

A corporate account is generally designed to serve larger companies and thus provide products and services tailored to their needs. A business account on the other hand is designed to serve smaller companies, who have their unique set of challenges and requirements.

Yes, a current account can be categorized as a corporate account. A current account is a basic type of bank account that enables businesses to undertake day-to-day financial operations such as receiving payments, paying suppliers, handling payroll, and other operational expenses.