ACE Money Transfer
ACE Money Transfer
22 Oct 2026
Capital Small Finance Bank operates as an Authorized Dealer Category-II bank and facilitates inward and outward international money remittances for customers across India. If you live in the UK, Europe, North America, or the Gulf region and need to send money abroad to a CSFB account, this guide walks through the process using Ace Money Transfer. CSFB bank accounts receive funds in INR only; Ace converts your GBP, EUR, USD, or CAD into rupees before crediting the beneficiary's account.
Whether you send money to support family, pay education fees, cover medical expenses, or fund personal savings at a CSFB branch, the steps below apply. Here is what this article covers:
Step-by-step instructions to send money online to CSFB via Ace
CSFB's transfer service options and RBI regulatory limits
Costs, exchange rate comparisons, and delivery time
Required account details and documents
Why Ace works well for Capital Small Finance Bank transfers
Ace Money Transfer lets you send money internationally into any Capital Small Finance Bank account through a bank deposit payout. Funds arrive in INR, and the process runs entirely online. You need the beneficiary's name, their CSFB account number, and the branch IFSC code. Inward remittance requires providing the sender with your full name and account number, so confirm these with your recipient before starting.
Here is the Ace transfer process:
Register or log in using your email, Google, or Apple ID. Complete identity verification (KYC) once.
Choose India as the destination country and select "Bank Deposit" as the payout method.
Select or add a recipient, choosing Capital Small Finance Bank from the bank list.
Enter accurate recipient details: full name, CSFB account number, IFSC code, and address.
Enter the transfer amount and review the real-time exchange rate and transfer fee before confirming.
Select a payment method: debit card, credit card, or online bank transfer from your bank.
Add a payment reason (family maintenance, tuition fees, medical support) to comply with Indian regulations.
Confirm and click "Pay Now" to complete the international payment.
After paying, ACE provides a unique reference number. You can track your transaction in real time through the Ace dashboard or app until funds reach the recipient.
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.
Capital Small Finance Bank launched in April 2016 as India's first small finance bank to begin operations, with a strong presence across Punjab and northern states. Once funds land in a CSFB account, the customer can move money domestically via NEFT, RTGS, IMPS, and UPI for rupee transfers within India.
For international money transfers connected to CSFB:
Incoming remittances are available through partners such as MoneyGram, Ria and Western Union under the Money Transfer Service Scheme (MTSS). According to Capital Small Finance Bank, funds received through its MTSS service are credited to the beneficiary’s account on the same day they are received.
Bank transfers via SWIFT from overseas banks are credited to CSFB accounts in INR. Outward SWIFT remittances are processed for next-day execution.
Bank transfers allow direct money sending to overseas accounts when a resident uses CSFB's outward remittance service.
Forex cards let users load money in foreign currency for travel, and digital wallets like PayPal enable convenient international transfers, though these are separate from CSFB's core remittance channels.
The maximum transaction cap for Money Transfer Service Scheme partners is USD 2,500 per transaction. The maximum number of transactions allowed per beneficiary under MTSS is 30 transactions per calendar year. Funds under MTSS are for personal use only (family maintenance, travel, tourist spending), not business purposes.
Outward remittances are processed under the Reserve Bank of India's Liberalized Remittance Scheme. Under the Reserve Bank of India’s Liberalised Remittance Scheme (LRS), resident individuals can make permitted international remittances subject to applicable regulatory requirements and scheme conditions. Mandatory documentation for outward remittances includes Form A2 and KYC documents. Note that Tax Collected at Source applies to outward remittances under Indian tax regulations.
The total cost of a transfer includes fees plus the exchange rate margin. Exchange rates may apply when sending money internationally, and the gap between the mid-market rate and the rate you receive determines how much you spend beyond the visible fee.
Fees.Fees. International bank transfers may involve sending-bank fees, as well as additional charges from intermediary or beneficiary banks. The total cost depends on the bank, payment method and destination.
In the remittance market, Wise charges fees as low as 0.1% for transfers. Remitly offers zero fees for certain transfer amounts. AU Remit publishes information about its foreign exchange rates and transfer charges. Customers can review the applicable rate and fees before confirming a transfer.
For UK-to-India bank deposits, ACE Money Transfer displays the applicable transfer fee and exchange rate before you confirm your transaction. Rates and fees may vary. Visit acemoneytransfer.com for current rates..
Exchange rate. Exchange rates for foreign currency conversions are benchmarked against rates notified by the Foreign Exchange Dealers Association of India. ACE Money Transfer displays updated exchange rates on its website and app. The applicable exchange rate and any transfer fees are shown before you confirm your transaction. Rates and fees may vary. Visit acemoneytransfer.com for current rates.
Speed. Bank transfers usually take up to two working days. Wire transfers may take several days depending on the banks involved. According to Wise’s Q2 2026 update, 77% of Wise transfers arrived in under 20 seconds, while 97% arrived within 24 hours. Transfer times depend on individual circumstances, and these speeds may not be available for all transactions. Remitly advertises an on-time delivery guarantee, under which customers can request a refund of the transfer fee if their money does not arrive by the promised time. Terms and conditions apply. Delivery times for ACE Money Transfer transactions to India depend on the payment method, receiving method and transaction checks. Delivery times are estimates and are not guaranteed. Rates and fees may vary. Visit acemoneytransfer.com for current rates. AU Remit offers real-time tracking for international transfers, similar to the real time tracking Ace provides.
Accurate recipient details prevent delays and rejected international transactions. Double-check every field before clicking Pay Now.
Beneficiary full name exactly as it appears on the Capital Small Finance Bank account.
Capital Small Finance Bank account number (confirm correct length and format with the recipient).
IFSC code of the recipient's CSFB bank branch, which routes the bank transfer within India.
A BIC or SWIFT code identifies the recipient's bank for wire transfers from different countries. An IBAN is required for international bank transfers in many corridors. You must provide the bank's full address for transfers.
Recipient address and mobile number, used for verification and notifications.
Sender details Ace requires:
Valid ID (passport, national ID, residence permit) for KYC to verify your identity.
Residential address, date of birth, and sometimes occupation.
Payment method details: debit card, credit card, or online banking credentials.
Common remittance purposes include family maintenance, education, medical treatment, NRE/NRO account funding, gifts, and savings. Regulators may ask for supporting documents (invoices, admission letters) for higher-value transfers. An incorrect account number or IFSC can delay the bank transfer or cause funds to be returned.
Send money to eligible Credit Suisse (CSFB) accounts with ACE Money Transfer. Enjoy a convenient way to support the people who matter to you across borders. SWIFT is a widely used network for international financial messaging. ACE Money Transfer brings digital convenience to international money transfers, helping customers send money across borders to their loved ones. ACE similarly applies secure card processing, HTTPS encryption, and anti-fraud controls across all secure transactions.
Customers can access ACE Money Transfer through the website and mobile app, subject to service availability and maintenance, and contact customer support for assistance with their transfers. This allows senders abroad to manage their transfers remotely without needing to visit a bank branch. ACE Money Transfer displays the applicable transfer fee and exchange rate before you confirm your transaction. Additional charges from the recipient or intermediary bank may apply and could affect the amount received in INR in the recipient’s CSFB account. After payment, you receive a reference number and notifications when the money transfer is completed and credited to Capital Small Finance Bank.
Create a free ACE account and compare the available exchange rate and fees with your bank’s quote. You can then consider a small transfer to an eligible CSFB account to assess the cost, estimated delivery time and convenience for your needs. Rates and fees may vary, and delivery times are estimates, not guarantees.
Can I send money from the UK, Europe, or North America to a Capital Small Finance Bank account? Yes. Customers in supported Ace corridors (UK, EU, Canada, USA where available) can send money to any CSFB account in India via bank deposit. Ace handles the foreign currency conversion and credits INR to the beneficiary's account.
What currency does Capital Small Finance Bank receive? CSFB accounts receive Indian Rupees (INR). Ace converts GBP, EUR, USD, or other currency into INR at competitive exchange rates before crediting the recipient.
How long does it take for my recipient to get the money? Delivery time depends on payment method, compliance checks, public holidays, and bank working hours. Most Ace bank deposits to India arrive within one to two business days. Card-funded transfers can be faster. Ace shows an estimated delivery time before you pay.
What are the limits on how much I can send to Capital Small Finance Bank? Limits depend on sender country, Ace's per-transaction caps, and Indian regulations (MTSS caps at USD 2,500 per transaction; LRS allows up to USD 250,000 per financial year). Check live limits inside Ace's interface for exact figures.
Is it safer to use my debit card or bank transfer to pay ACE?
A debit or credit card payment may be processed faster, but card provider fees may apply. A bank transfer may cost less, although processing can take longer. Payment processing is subject to ACE Money Transfer’s applicable security checks and controls. Processing times and fees vary depending on the payment method and provider.
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.
