ACE Money Transfer
ACE Money Transfer
23 Oct 2026
Whether you need to pay university fees in the USA, support family in India, or transfer funds abroad, ICICI Bank’s international money transfer services offer options for eligible resident Indians and NRIs, subject to the bank’s terms and conditions. Here's everything you need to know about sending and receiving international money through ICICI Bank in 2026.
ICICI Bank customers can send money overseas through Money2World and receive inbound remittances through Money2India. Customers may also explore other international money transfer services, subject to their eligibility, destination and transfer requirements. ICICI Bank facilitates international money transfers through Money2World and Money2India - Money2World handles outbound remittances, while Money2India serves inbound remittances.
An international money transfer for resident Indians means sending money from India under RBI's Liberalised Remittance Scheme (LRS). For NRI customers, it typically means remitting funds back to India or moving money from NRE/NRO accounts. Foreign citizens holding ICICI Bank accounts can also initiate outward remittance under proper documentation.
You can send money abroad from India and receive international remittances from supported countries and corridors, subject to the relevant service’s availability and terms. Check the provider’s official website for current destination coverage and transfer requirements.
ICICI Bank supports various transfer channels including online banking, mobile app, and branch visits. Transfers are processed through SWIFT and local rails with RBI-compliant security.
Residents and NRIs can transfer funds from ICICI Bank accounts to overseas accounts in supported currencies, subject to the bank’s current service terms and availability.
Common purposes under LRS include education, travel, medical treatment, maintenance of relatives, property purchase, overseas investments, and gifts or donations.
Alongside ICICI Bank’s own channels, users may also consider ACE Money Transfer for sending remittances to supported Indian bank accounts, subject to service availability and transfer requirements.
ICICI Bank supports multiple digital and branch-based channels for outward remittance, each suited to different transaction modes and customer needs.
Money2World is ICICI Bank's primary online money transfer service for resident Indians to send money abroad. Even non-ICICI bank accounts holders can use it after completing the registration process, KYC verification, and linking their existing bank account.
Internet banking and iMobile app: Transfers can be completed online via ICICI Bank internet banking or the iMobile app. ICICI Bank customers navigate to Fund Transfer ? Overseas Transfer ? Send Money Now, which redirects to Money2World.
Branch wire transfers via SWIFT: For higher-value transactions or customers who prefer in-person assistance anytime, branch-based transfers work well. Processing times depend on the bank’s current procedures, the transfer method, and applicable checks. Check ICICI Bank’s official guidance for the latest processing timelines.
Overseas education payments: ICICI Bank offers digital channels for eligible overseas education fee payments, subject to its current requirements and supported institutions. Check the bank’s official guidance for details.
Speed comparison: Online money transfer options typically credit funds the same day or within 1–2 international working days, while demand draft methods take significantly longer.
ACE Money Transfer: An additional remittance option for sending money to India from supported locations, including the UK, Europe, Canada and Australia, with transfers to eligible Indian bank accounts, subject to service availability and processing requirements. Rates and fees may vary. Visit acemoneytransfer.com for current rates.
Money2World is ICICI Bank's flagship outward remittance platform, available 24/7 online for resident Indians to send money abroad under RBI's LRS.
Key features:
Support for selected currencies, including USD, GBP, EUR, AUD, CAD and SGD, subject to the provider’s current availability and terms.
ACE Money Transfer supports remittances to eligible Indian bank accounts. ICICI Bank’s full-value credit facility may apply to eligible transfers, subject to its terms. Rates and fees may vary. Visit acemoneytransfer.com for current rates.
ICICI Bank provides confirmed and locked-in exchange rates before transaction completion
Eligibility: Indian resident account holders and even non-ICICI customers after completing online registration, KYC verification (PAN, address proof, mobile, email), and linking their bank account.
Step-by-step flow:
Log into Money2World via internet banking or the iMobile app, using a desktop computer or mobile device.
Choose destination country and currency.
Enter recipient details - new recipient bank information including SWIFT/BIC, IBAN or account number, bank name, and address.
Select the purpose of remittance (education, medical, maintenance, etc.).
Review confirmed exchange rates and fees displayed on-screen.
Confirm and pay from your bank account. Money2World supports secure and trackable transfers with OTP and debit card authentication - ICICI Bank uses two-factor authentication for secure transfers.
Limits: Under India’s Liberalised Remittance Scheme (LRS), resident individuals can remit up to USD 250,000 per financial year, subject to applicable RBI rules. ICICI Bank’s transaction limits depend on the account type, transfer purpose and current bank guidelines. Verify the latest limits with ICICI Bank before transferring. Regulations may change.
Processing times: Transfer processing times depend on the currency, transfer method, bank processing schedule and applicable checks. Check ICICI Bank’s official guidance for current timelines. Transactions may take up to 2 days with intermediary banks involved. ICICI Bank provides tracking for money transfer status, and confirmation is sent via email and SMS after fund credit.
ICICI Bank customers can receive money from abroad through Money2India, foreign bank wires via SWIFT, and specialist providers like ACE Money Transfer.
Money2India is ICICI's online money transfer service for NRI customers in the USA, UK, Canada, Europe, Singapore, and UAE to send money to India. Transfer times to ICICI Bank and other Indian bank accounts vary depending on the transfer method, processing schedules and applicable checks. Check the relevant provider’s current guidance for estimated delivery times. For incoming transfers via Money2India, minimal or no fees may be charged depending on the corridor.
Beneficiary experience: Recipients in India simply receive funds credited to their beneficiary's account. They do not usually pay separate receiving fees to ICICI Bank, though exchange rates and intermediary bank charges may affect the final amount.
SWIFT transfers: Overseas senders can remit to ICICI Bank using the bank's SWIFT code, the beneficiary's bank account number, and IFSC. ICICI's Smart Wire feature lets the beneficiary in India block exchange rates and submit digital declarations to speed up processing.
ACE Money Transfer: Users abroad can also send money to India with payouts directly to ICICI Bank and other Indian bank accounts, and in some corridors via cash pickup and mobile wallets.
A discontinued service called "ICICI Receive Funds" previously existed, but digital banking channels and partner remittance platforms are now the primary way to receive international money into ICICI Bank accounts.
The total cost of any international transfer depends on transfer fees, exchange rates, intermediary bank charges, and applicable taxes.
Service fees: ICICI Bank’s international transfer fees depend on the service and transaction. Check its current official fee schedule for applicable charges, including GST.
Exchange rates: Exchange rates may differ from reference market rates. Review the quoted rate and applicable fees before confirming a transfer.
Outbound limits: Under the Reserve Bank of India’s (RBI) Liberalised Remittance Scheme (LRS), resident individuals can remit up to USD 250,000 per financial year for permitted transactions, subject to applicable rules. NRO account remittances are subject to separate eligibility, documentation and regulatory requirements. Check current RBI and bank guidance before transferring.
Inbound limits from the UK: ICICI Bank UK states that online transfers to India are limited to £25,000 per day, while phone transfer limits vary by recipient and transfer type. Check the bank’s current terms for details.
Incoming fees: Receiving charges may depend on the transfer route and any intermediary banks. Confirm applicable fees with the relevant providers.
Specialist alternatives: ACE Money Transfer offers international remittance services to supported destinations, including India. Compare the quoted exchange rate, applicable fees and transfer requirements before choosing a service. Rates and fees may vary. Visit acemoneytransfer.com for current rates.
ACE Money Transfer is a dedicated online remittance platform that many users combine with ICICI Bank accounts to send money from countries like the UK, Europe, Canada, and Australia to India quickly.
Registration: Create an ACE Money Transfer account online or via the mobile app using your email, Google, or Apple ID. Complete KYC checks, including identity and address verification. Verify ACE Money Transfer’s current FCA status on the FCA Register before stating its authorisation under the PSRs/EMRs.
Transfer flow:
Register or log in to your account using your email, Google, or Apple ID.
Choose your destination country (India) and select a payout option - bank deposit to ICICI Bank or other Indian bank accounts, mobile wallet, or cash pickup at authorised partner locations.
Enter accurate recipient details, including bank account number and IFSC.
Select a payment method - debit card, credit card, or online bank transfer from your local bank account.
Add a payment reason (family maintenance, education support, medical expenses) and confirm the transfer details before clicking Pay Now.
Track your transaction in real time using the reference tracking number provided. You can monitor real-time transaction status in the Ace Money Transfer dashboard.
Payout methods available:
Bank deposit: Direct transfer to ICICI Bank and other major partner banks globally
Cash pickup: Over-the-counter cash collection at authorised partner bank branches
Mobile wallet: Transfer delivery times depend on wallet availability and processing requirements. Rates and fees may vary. Visit acemoneytransfer.com for current rates.
ACE Money Transfer displays the applicable exchange rate and transfer fees before confirmation, allowing senders to review the estimated amount the recipient will receive. Rates and fees may vary. Visit acemoneytransfer.com for current rates. For queries related to specific corridors or payout timelines, the platform provides easy tracking and assistance anytime via its support channels.
ICICI Bank customers can choose between sending money directly through ICICI's own international money transfer channels or using ACE Money Transfer money to India with delivery to supported Indian bank accounts, subject to service availability, applicable fees and processing times.
Disclaimer: This article is intended for general informational and educational purposes only and should not be construed as legal, regulatory, tax, business, or financial advice. While reasonable efforts have been made to ensure that all facts, figures, and data are accurate and valid as of the date of publication, no warranty or guarantee is given as to the ongoing completeness, accuracy, or currency of the information.
The content is based on information available at the time of publication. Regulations, government policies, market conditions, and service offerings may change over time and vary across jurisdictions and providers. As a result, some information may no longer be current or applicable. Readers should independently verify all information and consult qualified professional advisors before making any financial, legal, or business decisions.
