ACE Money Transfer
ACE Money Transfer
12 Oct 2026
If you're a Pakistani living abroad and want to manage your finances back home without stepping into a branch, the Bank Alfalah Roshan Digital Account is built exactly for you. This digital account lets non-resident Pakistanis open, operate, and invest through a fully online banking experience, backed by the State Bank of Pakistan's Roshan Digital Account initiative.
In this guide, you'll learn everything you need to know about the Alfalah Roshan Digital Account - from its core features and investment options like Naya Pakistan Certificates, to a step-by-step walkthrough on opening and funding it using services like Ace Money Transfer.
The Bank Alfalah Roshan Digital Account is a remote banking solution designed for non-resident Pakistanis (NRPs), Pakistani Origin Card (POC) holders, and resident Pakistanis who have declared foreign income or foreign assets with FBR. It removes the traditional barrier of visiting a branch in Pakistan - everything from account opening to investment can be done online.
With the Alfalah Roshan Digital Account, you can hold funds in Pakistani Rupees (PKR) or foreign currencies including USD, GBP, EUR, AED, and SAR. This multi-currency flexibility makes the roshan digital account especially useful for expatriates who earn in one currency and need to manage assets in another.
Here are Bank Alfalah Roshan Account Offerings:
Fully digital onboarding - open your account online, subject to the required documentation and verification.
Multi-currency holdings - choose between PKR and major foreign currencies under one umbrella.
Investment access - subscribe to Naya Pakistan Certificates, invest in Pakistan Stock Exchange equities, and even channel real estate payments.
Full repatriation rights - move your principal, profits, and investment proceeds back abroad without separate SBP approvals.
Value-added services - pay utility bills, school fees, and send domestic transfers to family, all from your digital account.
Traditional Pakistani bank accounts typically require an in-person visit, local address verification, and offer limited foreign currency options. Cross-border remittances through different channels may involve varying fees, processing times, and regulatory requirements for repatriation, depending on the destination and transaction details. The Roshan Digital Account was purpose-built to remove those friction points - offering speed, remote access, currency flexibility, and regulatory facilitation under a single digital roof.
International remittance services like Ace Money Transfer play a natural role here, providing a fast, convenient way for NRPs to fund their Bank Alfalah accounts from countries like the UK, Europe, Canada, and Australia. More on that process below.
The Alfalah Roshan Digital Account offers several features for overseas Pakistanis, including: speed of access, freedom to repatriate, and direct entry into government-backed investments like Naya Pakistan Certificates. Here's what you get.
Multi-currency accounts: Open in PKR, USD, GBP, EUR, AED, SAR, CAD, AUD, and more. Both savings and current account variants are available, including Islamic banking options.
24/7 digital access: Use the app to view your balances, make transfers, and manage investments through the Alfa App or internet banking portal. You can also post in the app to initiate transactions or check investment performance anytime.
No minimum balance: Bank Alfalah does not require a minimum balance for RDA accounts.
Free essentials: Complimentary debit card for PKR accounts, first cheque book free, e-statements and free SMS alerts for digital transactions.
Customer support: Reach Bank Alfalah WhatsApp support or live chat for real-time assistance without needing to call a branch.
The financial advantages of holding an Alfalah Roshan account go beyond convenience:
Competitive profit rates: PKR-based savings earn daily-calculated, monthly-paid profit. PKR Naya Pakistan Certificates currently offer gross annual rates up to 12.75% for 5-year PKR certificates and 8.00% for 5-year GBP certificates, applicable to certificates issued from June 1, 2026.
Tax incentives: NRPs with RDAs pay no withholding tax on cash withdrawals or account-to-account transfers, while profit on RDA deposits is tax-exempt without an FBR exemption certificate. Laws and regulations may change. Please verify with a local professional. For NPC investments, a 10% tax at source applies and is treated as full and final - meaning no additional tax return filing is required.
Zakat exemption: RDA accounts are not subject to compulsory Zakat deduction under applicable Zakat rules. Laws and regulations may change. Please verify with a local professional.
Key features of the Alfalah Roshan Digital Account is that funds, profits, and investment proceeds can be sent back abroad freely. Whether you hold an NRP Rupee Value Account (NRVA) or a Foreign Currency Value Account (FCVA), you don't need separate State Bank approvals to repatriate - it's built into the RDA framework.
Beyond banking and investing, you can:
Pay utility bills in Pakistan
Cover school and tuition fees for family members
Make charitable donations through Roshan Samaaji Khidmat
Send domestic fund transfers to support family expenses directly
Bank Alfalah's roshan digital platform operates under strict SBP regulations. Digital KYC involves document uploads, a live selfie (which serves as your profile picture for identity verification), and signature scanning. Transactions are monitored for suspicious activity, and the platform uses encryption and two-factor authentication to protect your account.
Ace Money Transfer complements these features by providing NRPs with a regulated remittance channel for transferring funds to their Bank Alfalah accounts. Transfers from ACE typically credit quickly to PKR accounts, making it easy to top up before investing or covering family expenses.
One of the key attractions of the Alfalah Roshan Digital Account is direct access to Naya Pakistan Certificates (NPCs) - sovereign debt instruments issued by the Government of Pakistan through the State Bank of Pakistan.
What are NPCs?
NPCs are scripless (fully digital) certificates available in both conventional and Shariah-compliant Islamic formats. They're denominated in PKR and major foreign currencies, and they offer fixed returns over predetermined tenors. Because they're backed by the government, NPCs are considered low-risk relative to equities or real estate.
Tenors and returns:
Available tenors: 3 months, 6 months, 1 year, 3 years, and 5 years
Longer tenors generally carry higher profit rates
Returns are indicative and set periodically by SBP or agent banks - always verify current rates before subscribing
Minimum investment thresholds through Bank Alfalah:
PKR Islamic NPCs: Minimum investment of PKR 10,000, in multiples of PKR 1,000.
PKR Conventional NPCs: Starting from approximately PKR 100,000 in multiples of PKR 10,000
Foreign currency NPCs: Typically from USD/GBP/EUR 1,000 (Islamic) or 5,000 (conventional) in standard multiples
How to subscribe:
Bank Alfalah Roshan account holders can purchase NPCs entirely online through their internet banking portal or mobile app. Simply navigate to the investment section, choose your preferred type (conventional or Islamic), select the currency, tenor, and amount, and confirm. Profits are credited directly back to your RDA.
Diversification beyond NPCs:
From the same Alfalah Roshan Digital Account, you can diversify into:
Pakistan Stock Exchange (PSX) equities via a linked Roshan Equity Investment Account and CDC depository account - no additional identity documents needed
Government Sukuk and T-Bills for Shariah-compliant fixed income
Real estate payments using RDA as a payment channel, though these carry higher risk and lower liquidity
NPCs are sovereign instruments issued by the Government of Pakistan and administered by the State Bank of Pakistan. Equities and real estate, on the other hand, carry market, liquidity, and regulatory risks. Consider your risk tolerance and seek professional guidance before diversifying aggressively.
Profits and principal from all Roshan-linked investments can be repatriated abroad or retained in Pakistan, depending on your long-term financial goals. Many users browse community forums to see this post or that comment from fellow investors sharing their NPC experiences, which can help inform your own strategy.
Opening a Bank Alfalah Roshan Digital Account is straightforward. Here's a practical, chronological walkthrough to get you started.
You're eligible if you fall into one of these categories:
Non-resident Pakistani holding a valid CNIC or NICOP
Pakistani Origin Card (POC) holder
Government official posted abroad
Resident Pakistani with foreign income or foreign assets declared with FBR
Before starting the application, have these ready in scanned format:
Valid CNIC, NICOP, or passport
Proof of overseas status (visa, residence permit, or overseas address proof like a utility bill or bank statement)
Income source documentation (recent salary slip or business income proof)
Signature scan
FATCA/CRS compliance declarations if applicable
Visit the official Bank Alfalah Roshan Digital Account portal. Select your preferred account type - PKR (NRVA) or foreign currency (FCVA) - and fill in your personal, contact, and tax-residency details. You can open multiple currency accounts under one RDA.
The form itself typically takes about 5 to 8 minutes to complete.
Upload your documents, take a live selfie or video for identity verification (this photo functions as your profile picture for KYC purposes), and complete any additional compliance questionnaires required under SBP guidelines.
Subject to successful verification, most accounts are activated within approximately 48 hours. You'll receive confirmation via email and SMS, after which you can log in through the Alfa App or internet banking.
If additional scrutiny or enhanced due diligence is required - for example, due to incomplete documentation or large initial deposits - the timeline may extend.
You can fund your new roshan digital account through:
International bank transfer (SWIFT): Use the IBAN and SWIFT details provided by Bank Alfalah. Check with your sending bank for any intermediary charges and expected transit times.
Ace Money Transfer: An alternative option for international remittances, with fees and delivery times varying by transaction. Create an ACE account, select Pakistan and Bank Alfalah as the destination, enter your RDA account details, and pay via debit card, credit card, or online bank transfer. More details on this process below.
Once funded, you can immediately:
Pay bills and send money to family in Pakistan
Subscribe to Naya Pakistan Certificates through the investment section
Open a linked Roshan Equity Investment Account for PSX trading
Use your debit card for PKR transactions
You might also want to explore the app to view different investment options, check your transaction history, and discover more posts and updates from Bank Alfalah about new features or promotional campaigns.
While the Alfalah Roshan Digital Account provides banking and investment services for NRPs, ACE Money Transfer provides international remittance services for sending money to Pakistan from abroad. If you're in the UK, Europe, Canada, or Australia, ACE offers a practical channel for funding your RDA.
How the ACE Transfer Process Works:
Register or log in to your ACE account using your email, Google, or Apple ID. Complete identity verification as required.
Choose your destination country - select Pakistan - and pick your preferred payout option:
Bank Deposit: Direct transfer to Bank Alfalah or other major partner banks
Cash Pickup: Over-the-counter collection at authorized partner bank branches
Mobile Wallet: Transfers to supported digital wallets such as EasyPaisa, JazzCash, SadaPay, or NayaPay, with delivery times varying by wallet provider, transaction details, and any required verification or compliance checks.
Enter accurate recipient details, including the Bank Alfalah account number or IBAN for bank deposits, or mobile wallet numbers for wallet payouts.
Select a payment method: debit card, credit card, or online bank transfer from your local overseas bank.
Add a payment reason (family support, savings, investment funding, etc.) and review the transfer details before clicking Pay Now.
Track your transaction in real time using the reference tracking number provided. You can share this with your recipient so they know exactly when to expect the funds in their Alfalah Roshan Digital Account.
Why ACE Works Well with RDA:
Speed: Card payments may process within minutes; bank transfers may take 1-2 banking days, depending on payment method, bank processing, and required checks.
Cost efficiency: ACE may offer fee-free transfers, subject to applicable thresholds and conditions. Exchange rates fluctuate and may vary by corridor and transaction. Check the live rate and applicable fees before sending.
Transfer limits: Bank deposit and cash pickup to Pakistan have different transaction limits, which may vary based on the receiving method and applicable requirements. Check ACE Money Transfer for current limits and fees.
Regular top-ups: If you're building a savings habit or planning to subscribe to NPCs at specific intervals, ACE's quick processing makes it easy to fund your account just before investment windows.
ACE Money Transfer Limited is authorised and regulated by the Financial Conduct Authority (FCA). ACE uses security measures to protect transactions and customer information. Customers may share their ACE experiences on community forums or social media, offering insights and tips for sending money to Alfalah Roshan Digital Accounts.
Whether you want to fund an NPC subscription, cover a family emergency, or simply keep your PKR savings account topped up, using Ace Money Transfer with your Bank Alfalah Roshan Digital Account creates a seamless remittance-to-investment pipeline.
The Bank Alfalah Roshan Digital Account gives overseas Pakistanis a fully digital way to bank, invest, and remit in Pakistan without visiting a branch.
Multi-currency support, full repatriation rights, and tax incentives make the Alfalah Roshan Digital Account a strong choice over conventional accounts.
Naya Pakistan Certificates offer investment options across multiple tenors and currencies through eligible RDA digital banking channels. Rates may vary, and currency and liquidity risks apply.
Opening an account typically takes about 48 hours with complete documentation, and the digital KYC process is designed to be fast and user-friendly.
ACE Money Transfer provides a trackable way to send money to Bank Alfalah accounts from abroad, with available receiving methods including bank deposits, cash pickup, and mobile wallets.
If you're an overseas Pakistani looking to grow your savings, support your family, or invest in Pakistan's future, the combination of a Bank Alfalah Roshan Digital Account and Ace Money Transfer gives you a powerful, fully digital toolkit. Open your account, fund it through ACE, and start putting your money to work - all without leaving your home abroad. Browse your app to view the latest updates, read comments and discover new investment opportunities, and take the first step toward smarter cross-border banking today.
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.
