ACE Money Transfer
ACE Money Transfer
12 Oct 2026
Habib Bank Limited (HBL) is a private-sector commercial bank in Pakistan that provides banking and remittance services to customers, including overseas Pakistanis. Whether your family uses an HBL account, prefers cash pickup, or relies on a mobile wallet, HBL international money transfer services cover virtually every receiving scenario across Pakistan.
ACE Money Transfer lets customers in the UK and other countries send international remittances directly to any HBL bank account, Konnect Home Remittance Account, or for cash pickup at HBL branches. Multiple mechanisms are available for international money transfers via HBL, and ACE integrates with all of them.
Core advantages of using ACE with Habib Bank:
Transparent transfer costs with applicable fees and exchange rates shown before you pay.
Exchange rates from GBP, EUR, or USD to PKR. Rates and fees may vary; check current rates before sending.
Delivery times vary by payment method and receiving bank. Rates and fees may vary.
Collect Remittances from 1600+ HBL branches across Pakistan
Full support for the Konnect Home Remittance Account for unbanked recipients
HBL was founded in 1947 and today operates approximately 1,700 branches in Pakistan, serving over 33 million customers. HBL has an international branch network, including operations in Bahrain and the UAE, and a subsidiary, HBL Bank UK. Digital banking channels further enhance the accessibility of HBL's services for recipients across the world.
HBL offers three ways to send money to Pakistan, and HBL supports secure global wire transfer capabilities for each:
HBL Direct Credit - deposits money directly into bank accounts in Pakistan, including HBL and other bank account options
HBL Cash over Counter - allows cash pickup from any HBL branch using a reference number and valid CNIC
HBL Konnect - lets users send money to a mobile account in Pakistan, ideal for recipients without a traditional bank account
ACE Money Transfer integrates with all three channels, so senders abroad can credit funds quickly and track their transaction end to end.
ACE Money Transfer is a digital remittance platform that connects senders overseas with Habib Bank in Pakistan. The service is built around transparency: you see the exact fee and exchange rate before confirming, so there are no surprise deductions when your loved ones receive money.
To get started, sign up via the ACE website or mobile app - you can create an account using your email, Google, or Apple ID. You will need to verify your identity with a passport or driving licence and proof of address. Account approval usually takes minutes, subject to verification requirements. Use a strong password and enable two-factor authentication for security.
Once logged in, choose Pakistan as your destination country and select your payout option:
Bank Deposit - for direct credit to an HBL account or other banks
Cash Pickup - for counter collection at HBL branches
Mobile Wallet - for Konnect or JazzCash wallets
ACE lists dozens of supported Pakistani partner banks, including Habib Bank Limited, Meezan Bank, MCB Bank, Bank Alfalah, Allied Bank, National Bank of Pakistan, United Bank Limited, Bank AL Habib, and many more. For HBL bank deposit, you will need:
Recipient's full name as on their CNIC
HBL account number or IBAN
Branch name or code
Mobile phone number for SMS alerts
Double-check every detail - an incorrect account number or IBAN will delay or reject the transfer. When sending from the UK or Europe, HBL's SWIFT/BIC code (HABBPKKAXXX) may be required.
Enter the amount in your sending currency (GBP, EUR, or USD) and review the live exchange rate to PKR plus the exact fee (Exchange rates fluctuate and the rate you receive may differ from any rates quoted. Always check the live rate at acemoneytransfer.com before sending). ACE shows the applicable exchange rate before confirmation. Rates and fees may vary, and recipient-bank charges may apply.
Payment methods include debit card, credit card, and online bank transfer. Card payments are typically faster but may carry slightly higher processing charges compared to a bank transfer. After you confirm and pay, ACE provides a reference tracking number so you can monitor the transaction in real time via the app or web dashboard. You also receive email and SMS notifications when funds reach the recipient.
For families back home, the receiving experience matters just as much as the sending process. Recipients can receive funds through an HBL account, any other Pakistani bank account, a Konnect Home Remittance Account, or by collecting cash at a branch. International money transfers are subject to applicable regulatory and compliance requirements, including relevant State Bank of Pakistan rules for transactions in Pakistan. Laws and regulations may change. Please verify with a local professional.
HBL Direct Credit deposits remittances directly into HBL accounts, with instant credit and no charge to the beneficiary. Transfers to other banks in Pakistan take the same day on business days. Funds are available immediately for ATM withdrawal, Konnect app usage, or payments like education fees and utility bills. Recipients receive an SMS once funds have cleared.
The Konnect Home Remittance Account is HBL's mobile-based wallet - recipients can receive international remittances using just their registered mobile number instead of a full bank account. Senders route transfers via ACE to the recipient's Konnect account. Recipients can then withdraw cash from Konnect agents (biometric verification required) or pay bills through the app. HBL Konnect withdrawal fees and withdrawal limits vary by withdrawal method and transaction amount. Check HBL's current schedule of charges for the latest details.
HBL Cash over Counter allows cash pickup from any HBL branch, and HBL has over 1,600 branches across Pakistan. Recipients must present a valid CNIC, transaction reference number, and any required verification code. Fees and transaction limits may vary. HBL does not specify transfer times for Cash over Counter, so check branch hours in advance, especially around weekends, Eid, or national holidays.
Transfers often incur SWIFT processing fees and intermediary bank deductions when sent through traditional banks. Traditional bank transfers apply retail exchange rate margins during currency conversion, which quietly raises the total cost. Remittance fees can vary depending on the sending route and amount.
HBL Bank UK applies remittance charges that vary by transfer amount and service. Check the current HBL Bank UK rates and fees before sending. However, HBL's exchange rate includes a margin that can vary by currency and transaction type. Compared to HBL, ACE Money Transfer displays the applicable transfer fee and exchange rate before confirmation. Fees and exchange rates vary by transaction, destination, and payment method. Data from the World Bank's Remittance Prices Worldwide database shows ACE's total cost at approximately 1.3% for certain UK-to-Pakistan transfer in the World Bank's Remittance Prices Worldwide data. Rates and fees may vary. Check ACE Money Transfer for current rates before sending.
Sending country - Costs vary by sending country, currency, transfer amount, and provider.
Payment method - debit card is fast but may cost slightly more than a bank transfer
Transfer amount - larger amounts often qualify for reduced or zero fees
Promotions - first-time users sometimes get a fee-free transfer
Always check ACE's real-time calculator before confirming to see your exact charges.
HBL transfer times depend on the method used by the sender. Typical scenarios:
Card payment during business hours - HBL Direct Credit is completed instantly for HBL accounts
Bank transfer on a weekday - usually same day
Friday evening or holiday - may roll over to the next business day
ACE accepts transfers around the clock, but HBL and other banks post credits only during official clearing hours - typically Monday through Friday (and sometimes Saturday mornings). Plan important remittances like rent or school fees a day or two ahead of holidays. Use ACE's tracking feature to monitor status in real time.
ACE Money Transfer is authorised by the FCA in the UK and uses encryption and payment-card security measures to protect transactions. HBL offers tracking for certain remittance transactions with a reference number, adding another layer of visibility.
Key safety tips:
Never share one-time passwords or verification codes
Only download the official ACE app - look for the HBL logo or cross icons on partner pages to verify authenticity
Provide proof of funds for transfers over GBP 10,000 if requested
Contact ACE support if funds have not arrived within the expected window
How long does a transfer take? Delivery times vary by payment method, cut-off times, and receiving bank.
What details do I need? The recipient's full name, HBL account number or IBAN, and mobile number. For Konnect, just the registered phone number.
Are there hidden fees? No. ACE displays the full cost - fee plus exchange rate - before you confirm. You can review and compare freely.
What if my money hasn't arrived? Check your tracking reference in the ACE app. If the status shows completed but funds are not deposited, contact ACE support with your transaction ID. Voice search "ACE Money Transfer support" on your phone or visit their help centre.
ACE Money Transfer and Habib Bank Limited provide an option for sending and receiving international remittances to Pakistan - whether funds go to an HBL account, a Konnect Home Remittance Account, or are collected as cash at a branch. With a competitive exchange rate, no hidden fees, real-time tracking, and access across borders to HBL's nationwide network, supporting your family back home with ease.
Create your ACE account, enter your recipient's HBL details, and send your first international money transfer today. New customers may choose to make a smaller initial transfer before making larger transactions. This is not financial or legal advice. Please consult a qualified professional. Your loved ones deserve fast, helpful, and essential support - and it starts with one simple transfer.
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.
