7 ANEXT alternatives in Singapore (2026): Compare fees & features

Key Takeaways

• ANEXT Bank is a MAS-licensed digital wholesale bank for Singapore businesses. It lets you hold four currencies, make free local transfers, and send international SWIFT payments for a flat fee.

• The best ANEXT alternative depends on your business needs, from multi-currency banking and international payments to corporate cards, expense management, and financing.

• Airwallex offers a broader financial platform, with 20+ currencies, free transfers to 120+ countries via local rails, corporate cards, expense management, payment acceptance, and bill pay.

Looking for ANEXT alternatives? ANEXT Bank offers Singapore businesses a digital business account with multi-currency banking, local and international payments, and access to financing, but it may not cover every business's needs.

Depending on how your business operates, you may need to hold more currencies, manage employee spending, accept customer payments, or make frequent international transfers.

This guide compares the leading ANEXT alternatives in Singapore, including digital business accounts from banks and fintech providers, to help you find the right fit.

What is ANEXT Bank?

ANEXT Bank is a digital wholesale bank based in Singapore and a wholly owned subsidiary of Ant International.

It is licensed and regulated by the Monetary Authority of Singapore (MAS) as a wholesale bank and focuses on providing digital banking services to micro, small, and medium-sized businesses.

ANEXT launched in June 2022 and focuses on businesses operating in Singapore and across the region.

Its core product is the ANEXT Business Account, which is a business account that allows businesses to hold multiple currencies. Businesses can also make and receive payments in additional currencies, although some incoming currencies are converted to USD.

Beyond its business account, ANEXT offers business loans and fixed deposits, giving businesses access to both day-to-day banking and financing products through the same bank.

Information in this section is based on ANEXT’s official website as of 15 Sep 2026.

ANEXT Bank: What to consider

ANEXT can be a good fit for Singapore businesses that want a digital business account with straightforward local payments, multi-currency capabilities, and access to banking products such as business financing.

However, its offering is more focused than some fintech platforms, so the right choice depends on what else your business needs from its financial provider.

What ANEXT does well

• Simple account setup and pricing. There is no account opening fee, monthly maintenance fee, or minimum balance requirement.¹

• Free local transfers. Businesses can make SGD transfers through FAST, PayNow, and GIRO, without ANEXT charging a transfer fee, subject to applicable limits.¹

• Interest on eligible balances. ANEXT pays interest on eligible SGD, USD, and EUR balances, with interest credited daily.¹

• Business financing. ANEXT offers business loans and fixed deposits alongside its business account, giving businesses access to additional banking products.

• Support for CNH. The ANEXT Business Account supports CNH alongside SGD, USD, and EUR, which can be useful for businesses that regularly transact with China.¹

What to keep in mind

• Limited currencies for holding balances. The ANEXT Business Account currently lets you hold 4 currencies, which is fewer than several other business account providers in Singapore, including Airwallex.

• A more focused product range. ANEXT is primarily a business banking provider. Businesses looking for corporate cards, expense management, or other financial tools may find a broader range of features with some fintech alternatives.

• International payment options are more limited than some fintech platforms. ANEXT supports international payments through SWIFT as well as ANEXT Flash for selected payment corridors. Businesses making frequent international payments should compare the available routes, fees, and delivery times with other providers.

• No integrated online payment gateway. Businesses that sell online and need to accept customer payments will need a separate payment provider.

Need to hold more currencies? Airwallex lets you hold 20+ currencies in one Business Account.

7 best alternatives to ANEXT in Singapore

Below is an overview of the seven strongest ANEXT alternatives available to Singapore businesses, covering features, fees, and more.

This information is based on publicly available information accessed on 15 Sep 2026. Information reflects Airwallex's own research and has not been independently verified.

*Note: Aspire's published information is currently inconsistent on the number of currencies available. Its pricing page lists multi-currency accounts in 8 currencies, while its Global Account page states that businesses can hold balances in 13 currencies. We've used the 8-currency figure from Aspire's pricing page in this table for consistency with its stated account offering.

1. Airwallex Business Account

Airwallex is particularly well suited to businesses that operate across multiple markets and want to manage payments, currencies, and company spending from one platform.

Unlike ANEXT, which focuses more on business banking, Airwallex combines business accounts with global payments, corporate cards, expense management, bill pay, and accounting integrations.

Its Global Accounts support 20+ currencies for holding and managing funds, compared with the four currencies available to hold in an ANEXT Business Account.

Airwallex also offers free local SGD transfers via FAST and GIRO, as well as free transfers to 120+ countries through local payment rails.

Features:

• Multi-currency Global Accounts in 20+ currencies

• Transfers to 200+ countries, with free transfers to 120+ countries via local rails

• Online payment gateway supporting 180+ countries and 160+ local payment methods

• Multi-currency corporate cards

• Expense management and reimbursements

• Bill Pay and accounts payable tools

• Accounting integrations with platforms such as Xero and QuickBooks

With Airwallex, there is no account opening fee, no monthly fee with the Explore account, and no minimum balance.

2. Aspire Business Account

Aspire is a strong ANEXT alternative for startups and SMEs that want more than a business account.

It combines business banking with spend management, corporate cards, expense management, payables, and accounting tools, making it particularly useful for businesses with multiple employees or recurring finance tasks.

It is best suited to growing companies that want greater control over employee spending and finance workflows, while still having access to international payments and multi-currency accounts.

Features:²

• Multi-currency business accounts

• Local and international account numbers for receiving payments

• International payments in 30+ currencies across 130+ countries

• Corporate cards with spend controls

• Expense management and automated receipt collection

• Bills, payables and receivables management

• Accounting integrations with Xero, QuickBooks, NetSuite and other platforms

For a full comparison, read our Aspire vs Airwallex article.

Information in this section is based on Aspire’s official website as of 14 Sep 2026.

3. DBS Business Multi-Currency Account

The DBS Business Multi-Currency Account is a strong ANEXT alternative for businesses that want a traditional bank relationship alongside their business account.

It is particularly suited to established SMEs that may need access to financing, trade services, and other banking facilities as they grow, rather than just an account for day-to-day transactions.

The account is also well suited to businesses that regularly deal with overseas customers or suppliers.

Features:³

• Multi-currency account supporting 13 currencies 

• Separate foreign currency wallets

• Foreign currency payments and receipts

• DBS IDEAL online business banking

• Business loans and financing

• Trade finance services

• Business debit card

For more detail, read our DBS Business Account guide.

Information in this section is based on DBS’s official website as of 14 Sep 2026.

4. Mari Business Account

Mari Business Account is a good ANEXT alternative for smaller Singapore businesses that want straightforward digital banking without the wider financial-management tools offered by some fintech platforms.

It is particularly suited to sole proprietors, startups, and SMEs that prioritise simple account management and easy local and overseas payments.

The account is managed through the MariBank app, with digital onboarding through Singpass.

Features:⁴

• Digital business account managed through the MariBank app

• Local transfers via FAST and PayNow

• Overseas transfers and international payments

• eGIRO setup for business payments

• Multiple authorised users and transaction approval controls

• Access to MariBank business financing

Information in this section is based on MariBank’s official website as of 14 Sep 2026.

5. Wise Business Account

Wise Business is a strong ANEXT alternative for companies that regularly receive, hold, and send money across borders.

Its main strength is international money movement, making it particularly suitable for businesses with overseas clients, suppliers, contractors, or teams. It uses the mid-market exchange rate for currency conversion and is built around transparent international payments rather than a traditional bank-style product range.

Features:⁵

• Multi-currency business account that lets you hold 49 currencies

• Local account details for receiving money in multiple currencies (requires set-up fee)

• International transfers using the mid-market exchange rate

• Batch payments to up to 1,000 recipients

• Physical and virtual debit cards for teams

• Team spending controls and expense tracking

• Accounting software integrations

For a full comparison, read our Wise vs Airwallex article.

Information in this section is based on Wise’s official website as of 14 Sep 2026.

6. Statrys Business Account

Statrys Business Account is a strong ANEXT alternative for SMEs that regularly make and receive international payments and want a business account focused on cross-border transactions.

It is particularly suited to businesses with overseas suppliers, international clients, or operations across Asia that need to manage multiple currencies.

Statrys stands out for its cross-border payment capabilities. Businesses can track payments through the platform and connect their account with services such as Xero, Stripe, PayPal, and Shopify Payments.

Features:⁶

• Multi-currency business account supporting 11 currencies

• Local and international payments across 120+ countries

• Local payment networks across multiple markets

• Foreign exchange based on real-time market rates

• Payment tracking and transaction management

• Xero accounting integration

Information in this section is based on Statrys’s official website as of 14 Sep 2026.

7. YouBiz Business Account

YouBiz is a strong ANEXT alternative for SMEs that want to combine a multi-currency business account with corporate cards and expense management.

It is particularly well suited to businesses with significant overseas spending, such as software subscriptions, digital advertising, travel, and international supplier payments.

Its main differentiator is the focus on business spending. YouBiz combines multi-currency accounts with corporate cards, real-time expense controls, and foreign currency spending at 0% FX fees.

Features:⁷

• Multi-currency business accounts

• Corporate cards with 0% FX fees on foreign currency spending

• Unlimited cashback on eligible card spending

• Physical and virtual cards for employees

• Custom spending limits and approval controls

• Expense management and real-time spending visibility

• Xero integration

Information in this section is based on YouBiz’s official website as of 14 Sep 2026.

8. Green Link Digital Multi-Currency Account

Green Link Digital Bank (GLDB) is a strong ANEXT alternative for businesses that need multi-currency banking alongside working capital and trade financing.

Its Multi-Currency Account lets businesses hold and manage multiple currencies, as well as make and receive cross-border payments.

GLDB is particularly suited to SMEs and growing companies that deal with suppliers, buyers, or longer trade cycles. Its broader offering includes financing for payables, receivables, and supply chains, making it useful for businesses that need more than a basic business account.

Features:⁸

• Multi-currency business account (GLDB does not state the exact number of supported currencies on its website)

• Cross-border payments

• Business payments and cash management

• Payables financing

• Receivables financing

• Supply chain and working capital financing

Information in this section is based on GLDB’s official website as of 14 Sep 2026.

What to ask when choosing an ANEXT alternative

The right alternative depends on how your business uses its account. Before choosing a provider, consider these five questions.

Which currencies can I hold and receive?

Check that the provider supports the currencies you actually use, particularly if you regularly invoice overseas customers or pay international suppliers. Also check whether you get local account details for those currencies or simply the ability to convert between them.

What will international transfers actually cost?

Look beyond the advertised transfer fee. Check the costs for your typical currencies and payment methods, including any SWIFT or intermediary-bank charges.

What other financial tools do I need?

If you need corporate cards, expense management, bill pay, payment acceptance, or accounting integrations, check whether these are built into the platform or require separate providers.

A cheaper account may not be the better option if you end up paying for several additional services.

Is the provider regulated in Singapore?

Check whether the provider is a bank or holds the relevant licence from the Monetary Authority of Singapore. This can help you understand how the service is regulated and what type of financial institution you are dealing with.

Can the account scale with my business?

Think about what you will need as your business grows. Check whether the provider can support more currencies, higher transaction volumes, additional users, corporate cards, and more complex payment requirements without forcing you to change providers.

Why Singapore businesses choose Airwallex over ANEXT

ANEXT is a straightforward digital business banking option, but Airwallex offers broader capabilities for businesses managing international payments and company spending. Here’s where Airwallex offers more flexibility:

• Hold more currencies. Airwallex lets businesses hold and manage 20+ currencies through its Global Accounts, compared with four currencies that can be held in an ANEXT Business Account.

• More financial tools in one platform. Other than a Business Account, Airwallex also gives you corporate cards, expense management, bill pay, payment acceptance, and accounting integrations. As of the time of publication, ANEXT's website does not list these as part of its business banking offering.

• Lower-cost international transfers. Airwallex offers free transfers to 120+ countries through local payment rails. ANEXT charges S$15 for outward SWIFT transfers⁹ under a promotion running until 31 May 2027, although its ANEXT Flash service offers a cheaper alternative for eligible USD and EUR transfers.

Frequently asked questions (FAQs)

What is the main difference between ANEXT and Airwallex?

ANEXT is a digital wholesale bank focused on business banking in Singapore. Its Business Account offers multi-currency banking, local and international transfers, daily interest on eligible balances, and access to business financing. Airwallex is a broader financial platform designed for businesses operating across borders, combining multi-currency accounts with international transfers, corporate cards, expense management, bill pay, and online payment acceptance.

Can I use ANEXT Bank if my business is registered overseas?

No. ANEXT requires businesses to be incorporated in Singapore to open an ANEXT Business Account. The business must also have an active CorpPass account, and the person applying on its behalf must have a Singpass account and authorisation to retrieve MyInfo Business details.

Do any ANEXT alternatives offer business loans?

Yes. Among the providers covered in this guide, DBS offers business loans and other SME financing, while ANEXT itself also offers business financing. Some alternatives focus more on payments, foreign exchange, cards, or expense management rather than lending. If access to business credit is a priority, compare the financing products separately from the business account itself.

Which ANEXT alternative is best for international payments?

Airwallex is a strong choice for businesses that make frequent international payments. It supports transfers to 200+ countries, with free transfers to 120+ countries via local payment rails. Around 93% of Airwallex transfers arrive on the same day, while 45% arrive instantly.

Is there a minimum balance requirement for ANEXT alternatives?

Most of the providers covered in this guide do not require businesses to maintain a minimum balance, although account fees and transfer charges vary. ANEXT itself also has no minimum balance requirement. Check each provider's current terms for any account-opening requirements, fall-below fees, or other balance-related charges before applying.

Sources:

1. https://anext.com.sg/bank/business-account/

2. https://aspireapp.com/business-account, https://aspireapp.com/pricing

3. https://www.dbs.com.sg/sme/day-to-day/accounts/dbs-business-multi-currency-account

4. https://www.maribank.sg/product/mari-business-account, https://www.maribank.sg/help-centre/article/10973-how-do-i-receive-usd-from-other-banks-to-my-mari-business-account

5. https://wise.com/business/send-payments, https://wise.com/sg/pricing/business 

6. https://statrys.com/sg/faq/business-account/which-currencies-are-supported, https://statrys.com/sg/faq/pricing/what-are-your-transfer-fees, https://statrys.com/sg/pricing 

7. https://www.you.co/biz/youbiz-home/, https://www.you.co/biz/fx-transfers/

8. https://www.glbank.com/solutions/cash

9. https://anext.com.sg/static/terms/feeschedule?_gl=1*ukrq84*_gcl_aw*R0NMLjE3ODQ3OTEyOTkuQ2owS0NRanc5NGJUQmhEUUFSSXNBTjN2djB6M29Yc283ZTNRNFVDeV8xOVcwb0xYVmRRLXpKcnNlNGxTR2o3LXpZMnJXQXpyVldic0taQWFBa2JrRUFMd193Y0I.*_gcl_au*MTcwNTUzNzU1Ni4xNzg0MDEwOTE1Li0uLS4xNzg0NzkxMjk4LjE0MzgzMzg4OTYuMTc4OTQ0MjIxMS4xNzg5NDQ0ODk4