← Back to all banks

Aspire

EMI · not a bank

Asia-first finance stack — accepts companies incorporated in 16 countries, China and the US included.

Official site

(ApplyRight field notes are being written)

Eligibility at a glance

Banking provided by
Column N.A.
Requires SSN
No
Overseas operating address
Yes
Intl wire (out)
—
Virtual cards
Unlimited
Account manager
None

Best for

  • Founders with a company incorporated in Asia — China, Hong Kong, Taiwan, Singapore, Vietnam and more
  • US LLCs / C-Corps with foreign owners — no SSN needed (passport or driver's license works)
  • Cross-border e-commerce with Asia-based supply chains
  • Teams that want spend management + unlimited virtual cards built in

Where it falls short

  • Not a bank — deposits are held at partner bank Column N.A.
  • Only companies incorporated in the 16 supported countries qualify
  • EIN must already be activated before you apply
  • High-risk businesses face a 10% beneficial-owner threshold plus a shareholder structure chart
  • Requires proof of a US Nexus (one of four: US location / US personnel / US customers or revenue / US investors or suppliers) — without it, a $25,000 outgoing cap, 60 days to submit proof, closure on day 90

Restricted countries

CubaIranNorth KoreaSyriaRussiaBelarusAfghanistanMyanmarYemenSudanSomalia

Restricted industries

CannabisAdult contentGamblingWeaponsCrypto exchangeShell companiesMulti-level marketing

Documents to prepare

  • An EIN (must already be activated — wait for activation before applying) + formation documents
  • The applicant's ID: driver's license or passport, clear and in color (IDs must be JPG / PNG images)
  • If the applicant isn't a controller / director: a Letter of Authorization signed by a director or controller
  • Proof of address (if the ID doesn't show one): a third-party document such as a utility / phone bill, bank statement, lease or contract
  • The control person's identity: SSN for US citizens who hold one; passport / driver's license (color JPG / PNG) for those without
  • Name, nationality, country of residence and date of birth for all directors (if any)
  • Individual beneficial owners (≥25% for low / medium risk, ≥10% for high risk): name, country of residence, nationality, SSN or ID number
  • Names of corporate shareholders holding ≥25% (≥10% for high risk); high-risk companies with a ≥10% corporate shareholder also need a shareholder structure chart
  • Proof of US Nexus (any ONE of four): ① a US business location — utility / internet bill, lease or US bank statement from the last 60 days showing the company name + a physical US address; ② a US-based director / officer / employee — a payroll service agreement or signed employment agreement; ③ US customers / revenue — 2+ executed US customer contracts or 3+ invoices to US customers, or processor settlement reports plus matching payment records; ④ US investment / suppliers — a US investor agreement plus the incoming wire records, or US supplier contracts / invoices plus payment records
Open the full checklist →

Why accounts get closed or lockedOfficial

Aspire's US account requires a legitimate, verifiable US connection (a 'US Nexus'). You can open before you have one (the pre-US Nexus flow), but the account runs on a countdown — below are the limits and closure timeline from the official FAQ (2026-03-12).

Limits on a pre-US Nexus account

  • A cumulative $25,000 cap on outgoing transactions (card spend included) — a total, not monthly, limit; think before funding the account
  • Hitting $25,000, or reaching day 60 without approved US Nexus documents, locks outgoing transactions including card payments
  • Incoming funds may still be accepted, but the account stays under review

The closure timeline

  • US Nexus documents must be submitted and approved within 60 days of opening (earlier if you hit the $25,000 cap first)
  • Not approved within 60 days: functionality stays restricted and the account is scheduled for closure
  • Day 90 from account opening: the account is closed; Aspire sends advance notice as the deadline approaches
  • The fix: submit and pass any ONE of the four US Nexus proofs — outgoing access can then be restored and the account leaves the limited stage

From Aspire's official US Nexus / pre-US Nexus FAQ (2026-03-12). Only one of the four nexus proofs (US location / US personnel / US customers & revenue / US investors or suppliers) is needed; unclear documents trigger follow-up requests — don't wait until day 50 to submit.

Read the official article →
Apply on the official site Have us open it for you