OCTIS vs Aspire vs ANEXT vs YouBiz for Singapore businesses
A digital bank, a card-first account and a multi-currency platform. They overlap less than the names suggest.
Last checked · 6 sources
Otty's short answer
ANEXT is a MAS-licensed digital bank for Singapore-incorporated companies with no monthly or minimum-balance fees and up to 0.8% interest, but no cards or accounting links on its page. YouBiz is a free card-first account with 1% cashback and 0% card FX. Aspire has the most currencies and integrations. Pick ANEXT for a bank-style account, YouBiz for cards, Aspire for payments and FX.
Side by side
Swipe to see every column
| What matters | OCTISHong Kong company + OCTIS global plan | Aspire | ANEXT Bank | YouBiz |
|---|---|---|---|---|
| Monthly fee | 10–30% below your current bill | S$0 Basic; S$15 Premium | None | S$0, one plan |
| Minimum balance | Set by our licensed partner; quoted before you commit | None | None | Not stated |
| Type | Not a bank; licensed partners provide the account | Payment institution | MAS-licensed bank | Payment institution |
| Who can open | Hong Kong company on the OCTIS plan, owners anywhere | Rules not published | Singapore companies, Corppass | Businesses, Singpass or form |
| Opening time | Set up through licensed partners alongside your incorporation | As fast as 1 day | Not stated | Reply in 1 to 2 days |
| Currencies | International multi-currency account via licensed partners | 8 account currencies | 4 held; more to send | 8 or 9 |
| Local SGD transfers | Collecting and sending payments via licensed partners | Free | Free (FAST, PayNow, GIRO) | Free per Aspire |
| International transfer | Sending payments via licensed partners | Not on pricing page | Flat S$15 advertised | Low fees, not itemised |
| Corporate cards | Corporate card via licensed partners | Virtual and physical | Not mentioned | Virtual and physical |
| Card FX fee | Set by our licensed partner; quoted before you commit | Not published | Not applicable | 0% |
| Interest or yield | Not an OCTIS product | Fund yield up to 1.15% SGD | Up to 0.8% SGD, USD, EUR | Not listed |
| Accounting links | Bookkeeping by OCTIS, in the same workspace | Xero, QuickBooks, NetSuite | Not stated | Xero |
If you have staff, premises or local sales in this country, its own registration and tax rules still apply. OCTIS can help you arrange them.
Data sources & disclaimer: Comparison data was compiled from publicly available sources — including the competitors' own published pricing and feature pages — captured on 9 November 2026. Figures reflect the typical or advertised pricing at that time and may have changed since; plans, inclusions and prices vary by provider, region and promotion. OCTIS is independent and not affiliated with the named companies; all trademarks belong to their respective owners. This comparison is provided in good faith for general information only and is not professional, legal or financial advice — please verify current details with each provider before deciding.
Which one fits you
OCTIS · Hong Kong company + OCTIS global plan
Choose OCTIS if you sell to customers in several countries and want your Hong Kong company, multi-currency banking via licensed partners and CRM in one place.
Aspire
Choose Aspire if you want the widest currency and accounting coverage, plus cashback cards and a yield option.
ANEXT Bank
Choose ANEXT if you want a bank account with no fees, interest on SGD, USD and EUR, and your company is Singapore-incorporated.
YouBiz
Choose YouBiz if your main need is team cards with unlimited 1% cashback and 0% card FX.
What the table does not show
ANEXT: a digital bank, with limits
ANEXT Bank is a wholly owned subsidiary of Ant International and says it is licensed and regulated by MAS. It lists no monthly fee, no fall-below fee and no minimum balance, and opens fully online through Corppass or MyInfo Business. SWIFT payments are capped at S$200,000 per transfer. Each business can hold one account. The page does not mention cards, accounting integrations or SDIC deposit insurance, so check each before relying on it.
YouBiz: cards first
YouBiz, from You Technologies Group (Singapore) Pte Ltd, is a Mastercard principal member licensed under the Payment Services Act. It lists unlimited 1% cashback with no cap, real 0% FX on foreign-currency card spend, virtual and physical cards and a Xero integration. The site says 8 currencies in one place and 9 in another. A director can apply with Singpass and no extra documents, and replies come in 1 to 2 business days.
Aspire: breadth
Aspire's pricing page lists multi-currency accounts in 8 currencies. Aspire's comparison pages put YouBiz at 9 currencies and 4 integrations. That is Aspire's marketing, so test the transfers you actually make. Aspire is not a bank, holds a temporary PSA exemption and offers no SDIC cover. If you hold large balances or pay overseas often, ask each provider what happens to your funds if it fails and what it charges per SWIFT payment.
Where OCTIS fits
Whatever you choose, statements still need reconciling. OCTIS sells in Malaysia and Hong Kong only, so it does not keep books or file tax for a Singapore company. If your Malaysian or Hong Kong company runs a Singapore subsidiary on ANEXT, YouBiz or Aspire, OCTIS bookkeeping can reconcile the home accounts and consolidate the foreign statements. OCTIS is not a bank and has no partnership with any provider here. Ask about 10–30% off your current bill.
Frequently asked questions
Is ANEXT a real bank in Singapore?
ANEXT says it is licensed and regulated by MAS and is a wholly owned subsidiary of Ant International. Its page does not name the licence class. Aspire's comparison calls it a digital wholesale bank. Check the MAS register and ask ANEXT whether SDIC cover applies to your deposits.
Is YouBiz free?
YouBiz lists S$0 per month and one plan with every feature, plus unlimited 1% cashback and 0% FX on foreign-currency card spend. Remittance fees are described as low but are not itemised. Terms apply to cashback.
Can a foreign-owned company open an ANEXT account?
ANEXT is open to Singapore-incorporated businesses with an active Corppass. A foreign-owned company that is registered in Singapore may qualify. Each business can hold only one ANEXT Business Account. ANEXT does not publish ownership limits on the page we read.
Which is better for corporate cards, Aspire or YouBiz?
YouBiz lists 1% cashback on every purchase and 0% FX on card spend. Aspire lists 1% on ad and SaaS spend on Basic and 1.2% on all eligible spend on Premium at S$15 per month. Check your spend mix and how each handles foreign-currency card payments.
Can I use ANEXT with Xero?
ANEXT's business account page does not describe accounting integrations. Third-party guides say direct Xero or QuickBooks sync is limited. Aspire and YouBiz both list Xero. Ask ANEXT before choosing it if your bookkeeper needs a live feed.
Sources
Checked on the date above. Links open the provider's or regulator's own page.