ACE Money Transfer
ACE Money Transfer
22 Oct 2026
If you need to send money to an Equitas Small Finance Bank account in India, you have more options today than a traditional wire through your local bank. Equitas Small Finance Bank facilitates inward remittances and outward payments, supports transfers in USD, EUR, and GBP, and accepts credits in Indian Rupees (INR). Inward remittances arrive via the SWIFT network, standardising the process across countries.
ACE Money Transfer supports sending money from countries like the UK, Europe, Canada, and others directly to Equitas Small Finance Bank in India. Exchange rates fluctuate, so the rate you receive may differ from any quoted rates. Always check the live rate at acemoneytransfer.com before sending. Here's what recipients and senders get:
Funds can be received as a direct bank account credit or as cash pickup at partnered payout locations in India
Transparent exchange rate display before you confirm the transfer
Low transfer fees and real-time tracking for all international transfers. Rates and fees may vary. Visit acemoneytransfer.com for current rates.
A fully online process-no branch visit required on either end
When sending money internationally, traditional banks may offer wire transfers with processing times, fees and exchange rates that vary by provider and destination. ACE Money Transfer offers a streamlined alternative for international money transfers to any Equitas Small Finance Bank account. Here is what ACE Money Transfer offers:
Cost advantage: The transfer fee from the UK to India via bank deposit is £1.99, subject to the applicable transfer terms. Rates and fees may vary. Visit acemoneytransfer.com for current rates and charges. Fees are displayed before you confirm your transfer.
Speed: Most ACE Money Transfer transactions funded by debit or credit card are completed within minutes, while transfers funded through online bank transfer typically take 1–2 banking days, according to ACE’s transfer FAQs. For transfers to Equitas Small Finance Bank, actual delivery times may vary depending on the payment method, banking hours, recipient bank processing and required verification checks. Delivery times are estimates and are not guaranteed. Rates and fees may vary. Visit acemoneytransfer.com for current rates.
Security: ACE Money Transfer Limited is authorised by the UK Financial Conduct Authority (FCA) as an Authorised Payment Institution under Firm Reference Number 506692. Verify its status on the FCA Financial Services Register. Transfers to India are subject to applicable regulatory requirements and payout arrangements.
Convenience: You can initiate transfers online through the ACE Money Transfer website or mobile app, subject to service availability. Online access, customer support hours and processing times may vary.
Account flexibility: Both individual accounts and joint account holders at Equitas Small Finance Bank can receive funds, as long as beneficiary details are accurate and match bank records.
Setting up a transfer to Equitas Small Finance Bank is straightforward. Here's the step-by-step walkthrough:
Register or log in to your ACE Money Transfer account using your email, Google, or Apple ID. Complete KYC verification by submitting a valid ID and proof of address.
Choose India as the destination country. Select your payout option: bank deposit to Equitas Small Finance Bank or cash pickup at partnered locations.
Enter beneficiary details: the full name exactly as per Equitas Small Finance Bank records, the bank account number, the IFSC code for the Equitas Small Finance Bank branch, and the recipient's contact information.
Select your payment method: debit card, credit card, or online bank transfer (availability depends on sender country). Card payments generally speed up processing.
Add a payment reason (family support, education, medical expenses, investments, etc.) for compliance purposes. Review the exchange rate, fees, and final INR amount the payee will receive, then click "Pay Now."
Receive your tracking number. After payment is initiated, you get a reference tracking number. Monitor the international transfer in real time through the ACE Money Transfer app or web portal until the beneficiary bank confirms credit.
ACE Money Transfer lets you send funds to India through two primary payout methods. Each serves a different need.
Bank deposit: Money is transferred directly to the recipient’s Equitas Small Finance Bank account in INR, subject to available services and eligible account types. This option may suit regular family support, bill payments or savings contributions.
Cash pickup: Where available, the recipient collects the transfer in cash from an authorised payout location in India. This may suit recipients who prefer cash rather than a bank deposit.
Cash pickup requirements: The recipient may need valid photo identification and the transaction reference number provided by ACE. Collection deadlines and requirements depend on the payout provider.
Choosing a method: Confirm with your recipient whether bank deposit or cash pickup is available and suitable before submitting the transfer.
Higher-value transfers: Bank deposits provide a transaction record that may help with record-keeping. Requirements for higher-value transfers depend on applicable regulations and the transaction circumstances. This information is general and is not financial or legal advice; consult a qualified professional if needed.
Accurate beneficiary details are the single most important factor for successful international money transfers to Equitas Small Finance Bank. Beneficiary details and purpose of remittance are generally required for every transaction.
Mandatory details: Full legal name, Equitas Small Finance Bank account number, branch IFSC, beneficiary bank name (Equitas Small Finance Bank Limited), address, and mobile number. The SWIFT code for Equitas is EQTBIN55XXX.
Supported account types: Standard savings account, current account, NRE account, NRO account, and joint account where names match submitted details.
For a joint account, use the primary account holder's name exactly as it appears on bank records to avoid rejection at the beneficiary bank.
Sending limits: The Reserve Bank of India's Liberalised Remittance Scheme (LRS) allows resident individuals to remit up to USD 250,000 per financial year (April–March) for permitted transactions abroad, subject to applicable conditions. This scheme applies to outward remittances from India, rather than international transfers sent to India. Refer to the RBI's official LRS guidelines for details. ACE Money Transfer and local regulations in the sender's country may impose per-transaction or daily limits. Outgoing remittances must comply with Reserve Bank of India regulations.
Tax considerations: Tax Collected at Source (TCS) applies to remittances over INR 10 lakhs. Tax Collected at Source (TCS) may apply to outward remittances from India under the Liberalised Remittance Scheme (LRS). The applicable rate and threshold depend on the remittance purpose and current tax rules. Refer to the Income Tax Department’s TCS guidance for details. Regulations may change. Please verify current requirements with an authoritative source. Tax compliance documentation may be required for certain remittances.
Verify Recipient Details: An incorrect IFSC, wrong account number, or mismatched name can delay the transfer or cause funds to be returned, sometimes with intermediary charges debited from the transfer amount.
Understanding cost is crucial when you send money online. Here's exactly how pricing works when transferring to Equitas Small Finance Bank:
| Cost Component | Details |
|---|---|
| Transfer fee (UK ? India, bank deposit) | £1.99 per transaction |
| Transfer fee (cash pickup) | £2.99 per transaction |
| Exchange rate margin | 0.1%–1.50% over mid-market rate |
| Equitas receiving fee | Free - no charge for foreign inward remittance |
| Intermediary bank charges | May apply on SWIFT routes |
ACE Money Transfer displays the applicable exchange rate for INR before you confirm your transfer. Rates and fees may vary. Visit acemoneytransfer.com for current rates. Exchange rates apply to international money transfers and may change over time.
The exchange-rate margin depends on the applicable transfer route and pricing terms. Review the rate offered for your transaction and compare it with the relevant interbank rate to understand any difference. Sliq Pay advertises real-time USD-to-INR conversion rates; actual rates and any savings compared with other providers depend on the transaction and available pricing.
Fees for receiving foreign inward remittances through Equitas Small Finance Bank may depend on the account terms and transfer arrangements. Check the bank's current fee schedule and confirm whether intermediary charges may apply before sending.
The total transfer cost may include the transfer fee and any exchange-rate margin. Review the applicable fees and exchange rate shown before confirming your transfer. Fees may vary by payment method, transfer amount and payout method, including bank deposit or cash pickup. Compare the final INR amount payable to help assess the overall cost.
Speed and visibility matter when sending money abroad to family. Here's what to expect for fast delivery to Equitas Small Finance Bank:
Transfers to Equitas Small Finance Bank may be completed within 24–48 hours, depending on the transfer method, banking hours, recipient bank processing and any required verification checks. Delivery times are estimates and are not guaranteed. Rates and fees may vary. Visit acemoneytransfer.com for current rates.
NEFT transfers to Equitas Small Finance Bank are processed according to the bank's applicable NEFT procedures and operating schedules. For current processing timelines and cut-off details, consult the Reserve Bank of India's NEFT guidance. Regulations and processing times may change. Please verify current requirements with an authoritative source. Interac e-Transfer availability and delivery times depend on the providers and services involved.
Transfers funded by debit card or local instant bank transfer are usually processed faster than those paid by standard bank transfers. Delivery times depend on the payment method and compliance checks.
Equitas provides transaction tracking and remittance notifications. Senders can log in to ACE Money Transfer and check status (in progress, paid out, or on hold) using the reference number.
Ace shares status updates via email and SMS so both the sender and recipient know when the money is credited to the beneficiary bank. You don't need to contact anyone unless something is delayed.
If a transfer is delayed because of additional checks at the beneficiary bank or an intermediary, ACE customer support can share details and next steps. You can also request a cancellation if the transfer hasn't been processed yet.
A few simple habits make every transfer to Equitas Small Finance Bank stress free:
Copy the beneficiary account number and IFSC directly from the recipient's Equitas Small Finance Bank passbook, statement, or official app to avoid typos.
When paying a new Equitas Small Finance Bank payee, send a small test amount first. Confirm receipt before making higher-value transfers or regular payments.
Always double-check the exchange rate and final INR credit displayed by ACE Money Transfer just before confirming the payment. Even small differences in foreign currency conversion add up over time.
Keep your identity documents and bank cards (credit or debit) up to date in your ACE profile. Expired documents can trigger compliance-related holds on international transfers.
Store favourite beneficiaries, family members and trusted contacts in your ACE account for faster repeat transfers. This eliminates re-entering details for every transaction and reduces the chance of errors.
Sending money to your family’s Equitas Small Finance Bank account from the UK, Europe, Canada, and other supported countries starts with choosing a transfer method that suits your needs. With ACE Money Transfer, you can review applicable fees and the exchange rate, check the amount your recipient is expected to receive in INR, and track your transfer after you send it. Visit ACE Money Transfer to check the available options for your destination, set up your recipient's details, and review your transfer before confirming payment.
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.
