How to Use the ACE App in Spain to Remit to India in 3 Easy Steps?

Sending money internationally has never been easier, especially when you want to support your family and friends back home. According to Spain's National Institute of Statistics (INE), the number of Indian residents in Spain stood at approximately 70,000 as of January 1, 2024. These individuals play a crucial role in supporting their families and contributing to India's economy.

For the vast Indian diaspora in Spain, the need for a reliable, fast, and cost-effective way to send money to India from Spain remains paramount. However, ACE Money Transfer, a leading remittance service that simplifies this process with its intuitive mobile application. This blog will walk you through how to use the ACE App in Spain to send money from Spain to India in just three easy steps.

Step 1: Setting Up Your ACE Money Transfer Account

Your journey to low-cost INR transfer from Spain begins with a simple account setup.

Download and Register: Your Gateway to Easy Remittances

The first hurdle is the easiest: getting the app and registering.

Downloading the ACE Money Transfer App

The ACE app is readily available on the Apple App Store for iOS devices and the Google Play Store for Android devices. Simply search for "ACE Money Transfer" and download it.

Quick and Easy Registration

Once downloaded, open your money transfer app for India and follow the prompts to register. You'll need to provide basic personal details such as your full name, date of birth, email address, and phone number. Always ensure the information is accurate – this is crucial for successful verification later on.

Account Verification (KYC - Know Your Customer)

To comply with financial regulations and ensure the security of your transactions, ACE Money Transfer requires identity verification. This typically involves uploading clear images of:

• Proof of ID: A valid government-issued identification document (e.g., passport, national ID card, residency permit in Spain).
• Proof of Address: A recent utility bill or bank statement showing your current address in Spain.
• Proof of Funds: In some cases, especially for larger transfers or cumulative transactions, you may be asked to provide documentation proving the source of your funds (e.g., salary slip, bank statement).

Step 2: Initiating Your Remittance to India

With your account verified, you're ready to transfer via mobile app to India!

Specifying Recipient Details and Payout Options

This step involves inputting the specifics of your transfer. From the main screen, simply select "India" as your destination country.

Choosing Payout Option in India 

ACE Money Transfer offers multiple convenient payout options to suit your recipient's needs:

• Bank Deposit: The most popular option, allowing direct transfer to any bank account in India. Transfers are often instant or completed within minutes, making it incredibly convenient for recipients to access funds directly.
• Cash Pickup: For those who prefer cash, recipients can instantly collect funds from a wide network of partner locations across India, including prominent names like Muthoot Finance, Manappuram Finance, and CS Bank. Always check the ACE app for the most up-to-date list of available pickup locations.
• Mobile Wallet: In some cases, you may be able to send money  directly to Indian mobile wallets like UPI, offering another layer of digital convenience.
• Airtime Top-up: Need to instantly recharge a mobile for a loved one? ACE might offer airtime top-up as an option for immediate upport.

Entering Receiver Details

Meticulously enter your receiver's details. For bank deposits, this includes their full name (as it appears on their bank account), bank name, account number, and IFSC code. For cash pickups, ensure their full name matches their ID and select a convenient pickup location.  Double-checking these details is crucial to avoid delays or misdirected transfers.

Step 3: Securely Paying for Your Transfer

The final step is to securely pay for your transfer and confirm the transaction.

Flexible Payment Methods and Transaction Confirmation

ACE Money Transfer provides various convenient payment options from Spain.

Available Payment Methods from Spain

You can typically pay for your transfer using:

• Debit Card: A popular and quick payment method.
• Credit Card: Offers flexibility, though some credit card companies may charge a cash advance fee.
• Online Bank Transfer: Utilize services like Trustly (if applicable in Spain) for direct and secure bank transfers.
• Apple Pay: For iOS users, a convenient and secure payment option.
• Google Pay: For Android users, offering a fast and secure way to pay.

Understanding Exchange Rates and Fees 

ACE Money Transfer is committed to transparency. Before you confirm, you'll see the exact exchange rate applied, the transfer fee (if any), and the precise amount your recipient will receive. 

Keep an eye out for "ZERO-fee" promotions for India transfers, which ACE frequently offers to give you the best value. You can also set up real-time rate alerts to ensure you send money when the exchange rate is most favorable.

Reviewing and Confirming Your Transaction 

Before hitting "send," take a moment to review all the details – recipient information, transfer amount, fees, and the final payout amount. Once confirmed, your transaction will be processed, and you'll receive a unique tracking number.

Empowering Your Remittances to India from Spain!

Sending money from Spain to India no longer needs to be a complicated or expensive affair. With the ACE Money Transfer app, you have a powerful tool at your fingertips that secures remittance from Spain-India.

These three steps offer a secure way to send money to India. With ACE Money Transfer, you can be confident that your convenience and your loved ones' financial well-being are always prioritized. Download the ACE App today and experience the peace of mind that comes with sending money to India with confidence.

Pro-Tip

While sending money home is crucial, use the efficiency of the ACE app to free up resources and explore investment opportunities in Spain. Look beyond remittances to strategic investments in Spain's growing economy, such as mutual funds, real estate, or fixed deposits. 

FAQs

Can I track my money transfer?

Yes, the ACE Money Transfer app offers real-time tracking for your transfer.

How will I know the status of my transfer? 

You'll receive SMS and email alerts at key stages, including when it's sent, ready for pickup, and delivered.

What if I have a question or an issue with my transfer? 

ACE Money Transfer has a dedicated customer support team available to assist you.

How can I contact customer support?

You can reach them via phone, email, or through the in-app support feature.

Is customer support always available?

Yes, ACE Money Transfer's customer support is available 24/7.