ACE Money Transfer
ACE Money Transfer
22 Oct 2026
ESAF Small Finance Bank facilitates international money transfers through inward and outward remittances. Whether you are sending money from the USA, UK, or Europe, this guide covers the SWIFT code, step-by-step process via ACE Money Transfer, fees, and security measures for transfers into ESAF accounts in India.
ESAF Small Finance Bank customers in India can receive international remittances through the SWIFT network, using the bank's SWIFT code ESFAINBB, as outlined in its official inward remittance instructions. ACE Money Transfer Limited is authorised and regulated by the UK Financial Conduct Authority (FCA) under reference number 506692. Inward remittances are funds sent from abroad to a recipient in India. Processing times depend on the transfer method, banking hours and verification requirements; delivery within 20 seconds is not guaranteed. Rates and fees may vary. Visit acemoneytransfer.com for current rates.
The primary SWIFT code for ESAF Small Finance Bank is ESFAINBBXXX (head office in Thrissur, Kerala). Some branches may carry their own SWIFT extensions.
Core steps for a sender abroad:
Choose a remittance provider or your home bank. Complete online KYC to send money internationally.
Enter ESAF Small Finance Bank as the recipient bank and use SWIFT code ESFAINBB (full 11-character version: ESFAINBBXXX).
Provide the full account number and the account holder's name exactly as it appears in bank records.
Confirm the amount and currency being sent (USD, GBP, EUR, or others).
With ACE Money Transfer, the process is: register, choose India as your destination, pick bank deposit as the payout method, enter ESAF Small Finance Bank details, pay by debit card or bank transfer, and track online.
Delivery times: Digital remittance services may deliver funds within minutes, depending on the payment method, destination bank and required verification checks. Traditional SWIFT bank transfers typically take 1–3 business days, although processing times vary by bank and transfer route. Delivery times are estimates and are not guaranteed. Rates and fees may vary. Visit ACE Money Transfer for current rates. For ESAF Small Finance Bank’s inward remittance crediting timeline, refer to its latest official policy or contact the bank directly.
ESAF Small Finance Bank is an Indian small finance bank licensed by the Reserve Bank of India, headquartered in Thrissur, Kerala, with branches across multiple Indian states. It focuses on retail banking, microfinance, and inclusive banking for underserved communities.
ESAF holds an Authorised Dealer Category-I license, which allows it to handle foreign exchange transactions under Indian law. The foreign remittance process requires compliance with Indian foreign exchange regulations, and the Reserve Bank of India governs outward remittances under the Liberalised Remittance Scheme. Outward remittances send money abroad, while inward remittances flow into India.
ESAF's services are tailored to meet personal remittance needs rather than corporate transactions. Remittance services suit overseas education, gifts, and family maintenance. NRI customers benefit from dedicated remittance relationship managers.
ESAF does not issue foreign currency savings accounts to retail customers. Funds arrive in INR into standard savings or current accounts. The sender typically transfers in their local currency (USD, GBP, EUR, CAD, AUD), and the amount is converted to Indian Rupees at the applicable exchange rate.
Correct SWIFT and account details are required for international money transfers to reach the right ESAF Small Finance Bank branch. SWIFT codes are required for international money transfers and identify banks for international transactions. SWIFT codes are also known as BIC codes.
Primary SWIFT code: ESFAINBBXXX. Bank code: ESFA (identifying ESAF Small Finance Bank). Country code: IN (India). Location code: BB. Branch code: XXX (primary / head office branch).
SWIFT codes are 8-11 characters long. The first four letters identify the bank, the next two identify the country, the following two indicate the location, and the last three (if present) specify the branch. Each bank branch has a unique SWIFT code, so confirm whether your recipient's branch uses one SWIFT code or a branch-specific variant.
Minimum recipient details a sender must have: beneficiary's full name (as per bank records), full ESAF Small Finance Bank account number, branch name and address (city, state in India), SWIFT code ESFAINBBXXX or any branch-specific variation, and purpose of remittance (e.g., family maintenance, tuition, savings, loan repayment). Required documentation for outward remittance includes the sender's PAN card and KYC documents.
Verify SWIFT and account details directly with the recipient or on a recent ESAF bank statement before sending. Codes and branch mappings can change.
Common sending currencies include USD, GBP, EUR, CAD, and AUD. The sender's bank or remittance provider performs the FX conversion using their own exchange rates and fees.
ACE Money Transfer is an online remittance platform that allows people in supported countries to send money to ESAF Small Finance Bank accounts in India via bank deposit. ACE Money Transfer was founded in 2002, according to its official company profile. ACE Money Transfer Limited is authorised by the UK Financial Conduct Authority (FCA) as an Authorised Payment Institution under Firm Reference Number 506692.
Registration and login: Go to ACE Money Transfer's website or mobile app. Register using email, Google, or Apple ID. Complete KYC/ID verification as required by local regulations before your first transfer. If you are in the USA, you can link your US bank account to send money via ESAF.
Step-by-step transfer flow:
Choose India as the destination country.
Select a payout method: bank deposit, mobile wallet (if available), or cash pickup (where applicable for other banks or locations).
Enter the recipient's full name and ESAF Small Finance Bank account number.
Select ESAF Small Finance Bank from the bank list; add branch information if requested.
Ensure the SWIFT/BIC field is set to ESFAINBBXXX.
Enter the transfer amount and review the INR amount the recipient will get.
Payment options: Pay with a debit card or credit card from the sender's country. Or pay via online bank transfer where available. Card payments typically process faster, while bank transfers may take 1 to 2 business days. Rates and fees may vary. Visit acemoneytransfer.com for current rates.
Confirmation and tracking: Add a payment reason (family support, education fees, medical expenses). Confirm all transfer details before clicking "Pay Now." You will receive a unique reference or tracking number. Track the remittance in real time in your ACE Money Transfer account until it is credited to the ESAF Small Finance Bank account.
For ESAF specifically, the primary payout method is bank deposit to the customer's INR account. Cash pickup and mobile wallet options apply to other partner locations.
Total transfer cost depends on exchange rates, sending fees, and any receiving-side charges. Understanding each component helps you save when sending to ESAF Small Finance Bank.
How exchange rates work:
All transfers to India are converted into INR. Each provider offers its own INR rate, and remittance exchange rates can fluctuate with market conditions.
Competitive exchange rates affect how much the beneficiary receives. With ACE Money Transfer, customers can review the applicable exchange rate and fees before confirming a transfer. Rates and fees may vary. Visit acemoneytransfer.com to check the available rates and charges.
Types of fees that may apply:
Sender fee paid to the bank or remittance provider.
International transfers may incur intermediary bank fees. Correspondent banks may apply handling charges for SWIFT transactions.
According to ESAF Small Finance Bank's published Forex Fees and Charges schedule, the bank charges ?100 per inward remittance for amounts between FCY 1 and FCY 100, and ?250 per remittance for amounts above FCY 100. Please refer to the bank's official schedule of charges for the applicable fees.
Outward remittance fees include a per-contract booking charge and SWIFT charges. The Reserve Bank of India (RBI) allows resident individuals to remit up to USD 250,000 per financial year (April–March) under the Liberalised Remittance Scheme (LRS) for permitted current and capital account transactions, subject to applicable conditions. The RBI's Master Direction on LRS, updated on 6 September 2024, confirms this limit.
Multicurrency forex cards let employees or travellers spend in various foreign currencies.
Savings tips:
Compare total cost (rate plus fee) across your home bank and digital remittance providers before sending.
Where flat fees apply, sending fewer, larger transfers rather than many smaller ones may reduce total fees, depending on the provider's fee structure. This is not financial or legal advice. Please consult a qualified professional.
Time transfers during banking hours to reduce delays and weekend FX spreads.
Some money transfer providers offer promotional rates or reduced fees to eligible first-time customers. These offers may be limited by destination, transfer method, minimum transfer amount and promotional period. Check the provider's current terms and conditions to confirm eligibility and applicable charges before transferring.
International remittances to ESAF Small Finance Bank operate within strict regulatory frameworks. Foreign Exchange Dealers' Association of India guidelines apply to remittance processes, and every transaction must comply with FEMA regulations.
Regulation and safeguarding:
The Reserve Bank of India licenses and supervises ESAF Small Finance Bank. ESAF implements minimal documentation for eligible personal remittances.
International money transfer services such as ACE Money Transfer are subject to applicable regulatory requirements in the jurisdictions where they operate. In the UK, ACE Money Transfer Limited is authorised by the Financial Conduct Authority (FCA) as an Authorised Payment Institution under the Payment Services Regulations 2017 (PSRs), under Firm Reference Number 506692, which can be verified on the FCA Financial Services Register. Under FCA safeguarding requirements, authorised payment institutions must take steps to protect relevant customer funds in the event of insolvency. See the FCA's safeguarding requirements, updated 7 May 2026.
Anti-fraud measures:
Remittance platforms run automated checks on every transaction to detect unusual patterns, potential fraud, or sanctioned counterparties.
Multi-factor authentication, payment data encryption, and secure login reduce the risk of unauthorised access.
Transactions may be paused for additional verification to comply with anti-money-laundering and counter-terrorist-financing rules.
Turnaround times defined by RBI: Standard turnaround times for inward and outward remittances are defined by RBI regulations. Outward remittances are typically processed within 24 hours; inward remittances are credited within 48 hours.
Customer support options:
ESAF Small Finance Bank customers in India can contact branches, call the toll-free line (1-800-103-3723), or email customercare@esafbank.com. For forex-specific questions, reach forex@esafbank.com or nrihelpdesk@esafbank.com.
Senders abroad can reach ACE Money Transfer via phone, email, or in-app chat.
Best practices for safe transfers:
Verify the recipient's ESAF Small Finance Bank account details directly with the beneficiary.
Never share online banking passwords or one-time passwords with anyone.
Use official websites or apps instead of links in unsolicited messages.
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.
