30 Sep 2022
Making an international money transfercan still feel overwhelming for many expatriates. One of the most common concerns is providing the right information to banks or remittance service providers. As more people turn to online banking, the process of sending money abroad has become more efficient, user-friendly, and secure.
With the convenience of online money transfer tools, transactions can now be completed from anywhere—without the need to visit a physical branch. But what exact details do you need to provide for a secure and successful transaction? Let’s break it down.
Internet banking in 2025 goes far beyond basic functionality. Most financial institutions now offer comprehensive services via desktop and mobile apps. You can manage accounts, pay bills, transfer funds, and even schedule recurring transactions—anytime, anywhere.
This advancement eliminates long queues at branches and lets users carry out money transfer activities at their convenience—whether from home, work, or while travelling.
One key to a seamless transaction is entering accurate account details—both yours and the recipient’s. Mistakes in the account number, name, or BSB code can lead to failed transactions or, worse, funds being sent to the wrong person.
An erroneous payment occurs when a user accidentally enters the wrong account or routing number. Even a small mistake can result in funds being sent to an unintended recipient. This is known as an internet payment error.
Thanks to enhanced regulations like the ePayments Code, there are now clearer procedures for retrieving funds when mistakes happen. However, recovery still depends on how quickly you notify your bank.
Yes— to send money online require the recipient’s account name or account title, alongside the account number and routing code.
Here’s why:
Most modern systems now display the correct account name based on the number entered, prompting the sender to confirm or correct the details. This verification step significantly reduces the risk of errors and increases transaction security.
In 2025, most remittance platforms offer mobile apps with built-in features to enhance convenience:
Still, double-checking recipient details before each transaction is highly recommended. A simple oversight could lead to avoidable delays or fund losses.
If a transfer goes to the wrong account:
After seven months, refunds are only possible if the unintended recipient agrees to return the money. That’s why speed is key in error reporting.
While traditional banks have improved, remittance services like ACE Money Transfer offer smoother, faster, and more user-friendly experiences, especially for global diasporas.
Here’s why ACE stands out:
Whether you're supporting family, paying bills, or handling emergencies, ACE ensures safe, swift, and smooth transfers.
Security and transparency are the backbone of ACE’s platform. Every transaction is encrypted and protected under strict regulations, and users are notified at each stage of the process.
Using ACE’s online or mobile platform, you can:
Transfers via Debit Card or Credit Card are typically completed in minutes. If you opt for online banking, your recipient may receive funds within 1–2 business days, depending on the destination country.
The service is designed to accommodate the fast-paced lives of today’s users—no paperwork, no delays.
In 2025, ACE continues to deliver where it matters:
You get more value, better service, and complete peace of mind when choosing ACE over traditional providers.
Yes, you need to provide the recipient’s account name or account title. Financial institutions use this information to verify the account before processing the transaction. If the account name doesn’t match the number, the transfer may be halted or declined.
If the account number is incorrect, your funds could be transferred to the wrong person. This is called aninternet payment error. Contact your bank or remittance provider immediately—they’ll try to recover the funds by reaching out to the recipient’s bank.
Absolutely. ACE Money Transfer uses advanced encryption, FCA-regulated practices, and real-time tracking to ensure every transaction is secure. Users are notified at each step for complete transparency.
Yes. With ACE Money Transfer, you can send money online 24/7, even on weekends and public holidays. Their mobile app and website provide round-the-clock access to global money transfer services.