ACE Money Transfer
ACE Money Transfer
16 Oct 2026
A BOP international money transfer refers to sending or receiving funds across borders through the Bank of Punjab (BOP) or its subsidiary, BOP Exchange. BOP operates over 900 branches across more than 400 cities in Pakistan, providing a broad branch network for customers receiving international remittances. The bank’s available services and receiving options depend on the transfer method and destination.
Exchange rates apply to international transfers, and the total cost may include transfer fees and an exchange rate margin. Available services and receiving options depend on the destination and transfer method. Exchange rates fluctuate, and the rate you receive may differ from any rates quoted. Always check the live rate at ACE Money Transfer before sending.
Customers use BOP for sending money to family, paying overseas tuition, or settling business invoices. International bank transfers via traditional banks usually involve the SWIFT network, bank accounts on both sides, and foreign currency conversion. Many customers compare BOP’s international transfer services with digital remittance providers such as ACE Money Transfer. Fees, exchange rates and delivery times vary by provider, sending country and transfer method. Customers can review ACE Money Transfer’s applicable fees and check current rates and available services before sending.
Here is what this article covers:
How BOP international transfers work step by step
The real fees, exchange rates, and total cost involved
Typical delivery times and what causes delays
How ACE Money Transfer works and its available transfer options
A practical comparison of fees, exchange rates and delivery methods to help you assess your options
The Bank of Punjab is a major Pakistani commercial bank headquartered in Lahore, founded in 1989. It serves retail, SME, and corporate customers with services ranging from current and savings accounts to cross-border payments and trade finance. Transactions through BOP are subject to applicable banking regulations and verification procedures. Using Bank of Punjab channels may support the documentation and reporting requirements applicable to international transfers, depending on the transaction and relevant regulations.
BOP Exchange is a wholly owned subsidiary of The Bank of Punjab focused on currency exchange. Key facts include:
Provides foreign currency exchange services in the currencies currently offered by BOP Exchange.
Offers currency exchange services through its available locations across Pakistan.
Provides information on international remittance services and available transfer options through its official Home Remittances page.
Remittance partners and supported transfer corridors may vary by service and destination.
International transfers may require the selection of a Balance of Payments (BOP) category code, depending on the transaction and applicable requirements.
To send money abroad through BOP, a customer typically visits a BOP branch or BOP Exchange outlet, provides identity documentation (CNIC or passport), and fills in a remittance form with the recipient's details. BOP's “Foreign Se” platform is used for receiving home remittances in Pakistan. Outward international transfers are processed through BOP's applicable foreign exchange and remittance channels.
Here is the standard process:
Visit a branch with your CNIC or passport and provide proof of the transfer's purpose (tuition invoice, family support, business payment)
Provide the recipient's full name, account number or IBAN where applicable bank name and SWIFT/BIC details when required.
BOP supports multiple transfer methods, including foreign-currency accounts for outward remittances, so choose whether to pay from a PKR or FCY account
For outward international transfers, the available payment method depends on the destination and purpose. BOP separately offers cash collection for incoming home remittances.
Cash pickup for remittances is available at numerous bank branches and partner locations in Pakistan, and recipients can collect funds either through account credit or physical cash pickup from BOP branches
International transfers may involve intermediary or correspondent banks, especially for less common currencies, which can add costs or slow delivery
Always double-check the recipient's name, account number, IBAN, and SWIFT code before you confirm to avoid rejections
International bank transfers can take several business days, depending on the payment method, sending and receiving banks, destination country and transaction requirements. The delivery time for BOP’s SWIFT-based transfers should be confirmed with the bank for the specific transaction. Cash pickup and agent-based services may have different delivery times depending on the provider and corridor.
Factors that influence delivery times include:
Cutoff times: Payments submitted after a bank’s daily cutoff may be processed on the next working day.
Bank holidays: Pakistani bank holidays, weekends and holidays in the recipient’s country can affect processing and delivery times.
Security checks: Additional compliance or verification checks may extend processing times, depending on the transaction.
Currency and corridor: Delivery times vary by currency, destination country, receiving bank and payment route.
Cash pickup vs. bank deposit: Bank deposits and cash pickup may have different delivery times. Check the estimated delivery time for your specific transfer before sending.
For context, Wise publishes transfer speed information, including data on transfers delivered in seconds or within a day. These figures apply to Wise’s transfers and do not guarantee the delivery time for a particular transaction. Wise’s fees vary by transfer details; check its current transfer pricing for applicable charges.
ACE Money Transfer’s available payout methods and estimated delivery times depend on the sending country, destination and transaction. Visit ACE Money Transfer for current rates, fees and available services. Always ask BOP about the expected delivery time before sending an urgent payment. Rates and fees may vary.
ACE Money Transfer provides an online option for sending money from supported countries, including the UK, Europe, Australia and Canada, to destinations where its services are available. Depending on the sending country and destination, recipients may be able to receive funds through bank deposits, cash pickup or supported mobile wallets. Available methods, fees, exchange rates and delivery times vary by corridor and transaction.
Digital platforms can provide transaction updates and tracking information during the remittance process. Here is how to send money with ACE:
Register or log in: Create an account through the ACE Money Transfer website or app and complete the required profile and identity checks.
Enter transfer details: Choose the destination country and amount to view the exchange rate and available transfer options.
Select a payout method: Choose from the methods available for your destination, such as bank deposit, cash pickup or a supported mobile wallet.
Enter recipient details: Provide the recipient’s full name and the required bank account, wallet or other payment details.
Choose a payment method: Select an available funding option, such as a debit card, credit card or online bank transfer. Follow the payment provider’s instructions when completing the transaction.
Review and confirm: Enter the reason for sending, where required, and check the recipient details, exchange rate, fees and amount payable before selecting “Pay Now.”
Track the transfer: Use the transaction reference or the tracking feature available through ACE to check the transfer status.
ACE offers different receiving methods depending on the destination. Bank deposits are credited to supported accounts, while cash pickup is available through participating locations in eligible markets. Mobile wallet services are available in selected countries. Delivery times depend on the destination, payout method, payment processing and any required verification. Check the ACE Money Transfer FAQs for general information about payment and receiving methods.
Customers can review the applicable exchange rate, fees and estimated delivery time before confirming a transfer. For current rates, fees and available services, visit ACE Money Transfer.
This article provides general information and is not financial or legal advice. Please consult a qualified professional for advice specific to your circumstances.
The right option depends on where you are sending money from, how much you are sending and how the recipient wants to receive it. BOP provides home remittance services through its branch network, while ACE Money Transfer offers online transfers from supported countries to eligible destinations.
Here is how they compare:
Fees: For home remittances credited to a BOP account, the receiving service is free. For transfers to Pakistan from the UK, ACE charges £3 for transactions below US$100 and no sending fee for amounts of US$100 or more under its published fee schedule. These charges apply to the specified services and conditions; compare the total cost for your actual transfer.
Exchange rates: BOP applies the conversion rate in effect when the remittance is sent, so the sender should confirm the rate before proceeding. ACE displays the applicable exchange rate during the online transfer process. Compare the rate offered by each provider alongside any fees to understand the final amount the recipient would receive. See BOP’s remittance guidance for details on its conversion process.
Speed: BOP offers real-time account credit for BOP account holders and same-day credit for accounts at other banks, subject to the service requirements. Cash can be collected at a BOP branch when the beneficiary visits for payment. ACE’s delivery times depend on the destination, payment method and payout option; check the estimated time for your specific transfer before confirming.
Convenience: ACE allows customers to register and initiate eligible transfers online through its website or app. BOP supports home remittance collection through a network of over 900 branches across more than 400 cities in Pakistan. The practical difference is whether you prefer to arrange the transfer digitally or collect funds through BOP’s local branch network.
Payout options: ACE supports bank deposits and mobile wallets, along with cash pickup where available. BOP supports cash collection and account transfers through its home remittance service. The available options depend on the destination and transfer arrangement.
BOP may suit recipients who want to collect a remittance through its branches or receive funds in a bank account. ACE may suit senders who prefer to arrange transfers online from a supported country.
Before sending, compare the exchange rate, transfer fee, estimated delivery time and payout method for the same sending amount and destination. Rates, fees and available services may vary by corridor and transaction.
Whether you use BOP or ACE, checking the transfer details in advance can help you understand the costs, requirements and expected delivery time.
Compare the total cost: Review the applicable fees and exchange rate before confirming a transfer. Consider the amount the recipient will receive, not just the advertised fee.
Verify recipient details: Check the recipient’s name, IBAN, SWIFT/BIC, bank name or mobile wallet number, as applicable. Incorrect details may cause a delay, rejection or misdirected payment.
Prepare supporting information: Depending on the transfer amount, purpose, destination and provider requirements, you may be asked to provide payment-purpose information or supporting documents. Check the requirements before sending.
Understand the exchange rate: Use a currency converter to estimate the recipient’s amount. Compare the reference mid-market rate with the rate offered by your provider, keeping in mind that the final amount may also depend on fees.
Consider timing: Weekends, public holidays and bank processing hours can affect delivery times. Exchange rates may also change, so review the rate and estimated delivery time when arranging your transfer.
Check requirements for larger transfers: Transfers for purposes such as tuition fees, property purchases or business payments may involve additional documentation or transaction requirements. Confirm these with your provider before sending. This is not financial or legal advice. Please consult a qualified professional for advice specific to your circumstances.
Keep your records: Save receipts, transaction reference numbers and app notifications until the recipient confirms that the funds have arrived.
Ready to compare your options? Use ACE Money Transfer to check the available transfer methods, applicable fees and exchange rate for your destination. You can then compare these details with your current bank’s quote to understand the costs and expected amount the recipient may receive. Rates, fees and delivery times may vary by corridor and transaction.
What is the difference between BOP Exchange and ACE Money Transfer when sending money from Pakistan?BOP Exchange offers foreign-currency exchange through its branches and booths across Pakistan, along with inward remittance services through international partners. ACE Money Transfer allows customers in supported countries to arrange transfers online through its website or app. ACE supports bank deposits, cash pickup and mobile wallets in selected destinations, subject to availability. See BOP Exchange’s services and ACE’s Pakistan transfer options for details.
Can I send money directly to a foreign bank account using ACE Money Transfer instead of BOP? Yes. Bank deposit is a core payout option with ACE, allowing direct credit to major banks in supported countries.
How do I check the exchange rate before sending?BOP Exchange displays indicative exchange rates online, with rates potentially varying by time and location. ACE displays the applicable exchange rate and transfer details during the online sending process. Compare the rate, fees and estimated recipient amount before confirming, as the final amount may depend on the processing of the transaction.
Are there maximum limits for international transfers?
Both providers may apply transaction limits and verification requirements. For transfers to Pakistan, ACE lists a maximum of PKR 10,000,000 per transaction for bank deposits and PKR 500,000 per transaction for cash pickup on its Pakistan transfer page. These limits are subject to the applicable service requirements and may change. Check the current limits and any required identity documents before sending.
ACE uses encryption to protect personal information transmitted through its services, as explained in its privacy policy. ACE Money Transfer Limited is also authorised by the UK Financial Conduct Authority as a Payment Institution under Reference No. 506692, which can be checked on the FCA Financial Services Register. BOP operates within Pakistan’s banking regulatory framework under the State Bank of Pakistan. Both providers have applicable compliance and verification requirements, but no online transaction is entirely risk-free. Always use official websites or apps and protect your login details.
What should I do if an international transfer is delayed? Contact BOP or ACE support with your transaction reference number. Both providers offer support to trace payments and resolve issues during working days.
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.
