ACE Money Transfer
ACE Money Transfer
12 Oct 2026
Overseas Pakistanis can now send money to Pakistan and have it land in a Bank Alfalah account. Bank Alfalah, which commenced banking operations in 1997, operates a network of 1200 branches across Pakistan and facilitates inbound remittances through its banking and payment channels. ACE Money Transfer provides international remittance services, including transfers to eligible Bank Alfalah accounts in Pakistani rupees.
This guide covers every step of a Bank Alfalah international money transfer through ACE: from account creation to delivery method selection, exchange rates, fees, and security. Whether you need to send money to a loved one's Alfalah account, arrange a cash pickup, or fund a supported mobile wallet, the process can be completed through available transfer options. Exchange rates and fees may vary by transaction.
ACE lets users in the UK, Europe, Canada, Australia, and Gulf states send money to Bank Alfalah in Pakistan. Delivery times vary by payment method, destination, and transaction details. Rates and fees may vary. Check ACE Money Transfer for current rates. If you pay via online bank transfer, expect 1 to 5 business days. Card-funded transactions can arrive at Bank Alfalah the same day. You can send money directly to a bank account or mobile wallet, or pick up cash at partner locations.
Register on the ACE website or mobile app using an email, Google, or Apple ID. The process typically takes a few minutes. To complete KYC, upload your identity documents (passport or national ID), proof of address, and sometimes proof of source of funds. Once verified, you can log in and manage transfers to Pakistan at any time. Verified accounts unlock higher sending limits and faster repeat transactions.
From the ACE dashboard, select Pakistan as your destination country. Then choose "Bank Deposit" as the delivery method and pick "Bank Alfalah" from the list of partner banks. This routes your funds directly into the recipient's Alfalah account in PKR without manual intervention. Accurate selection at this step helps avoid delays or misrouted payments.
Enter the recipient's full name (matching their CNIC), their Bank Alfalah account number or IBAN, and a mobile number. Double-check the account number and name spelling; mismatches trigger manual investigations and slow the transfer. The mobile number lets both ACE and Bank Alfalah send SMS alerts when funds arrive. Save these transaction details in your ACE address book for quicker future transfers to the same Alfalah account.
ACE displays a real-time exchange rate from your sending currency (GBP, EUR, CAD, AUD, or USD) to PKR. Review the transfer fee, the transfer amount in PKR, and any active promotions before confirming. Exchange rates fluctuate, and the rate you receive may differ from any rates quoted. Always check the live rate at acemoneytransfer.com. You can compare the rate against previous transfers or other services. ACE also lets you pick between faster or economy transfer methods, so you control cost and speed based on urgency.
Pay using a debit card, credit card, or online bank transfer, depending on your country. After you click "Pay Now," ACE generates a reference tracking number. Track your transaction in real time through the app or website. Receivers are notified by SMS when funds reach their Bank Alfalah account or when cash is ready for pickup.
Bank Alfalah provides channels for receiving money from abroad through home remittance services. The service for receiving money into Bank Alfalah accounts is generally free or low-cost; Bank Alfalah does not charge for receiving money. All incoming ACE transfers credit in Pakistani rupees under State Bank of Pakistan regulations. Certain remittance accounts at Bank Alfalah, such as the Asaan Remittance Digital Account, do not require a minimum balance. Bank Alfalah's Roshan Digital Account allows Non-Resident Pakistanis to manage funds and receive remittances digitally. Fees may vary by bank and transaction.
Funds are credited to Bank Alfalah accounts after the transfer is processed. Delivery times vary depending on the payment method, receiving bank, and transaction details. Rates and fees may vary. Rates and fees may vary. Visit acemoneytransfer.com for current rates. Instant deposits occur once the sender completes payment via card. Remittance limits for Pakistani residents vary by account type, transaction method, and applicable regulations. Check the relevant bank or provider for current limits and requirements. Recipients check balances through the Alfa app, internet banking, or Bank Alfalah ATMs. This speed is useful for urgent family support, medical expenses, or education fees.
Bank Alfalah offers cash pickup at its branches for recipients without a bank account. Cash pickups can be available the same day. After ACE processes the transfer, the recipient gets an SMS with reference details and visits a designated Bank Alfalah branch with their CNIC. The per-transaction limit for cash pickup via ACE is Rs. 500,000 PKR. Verify the pickup location address and branch hours, especially around public holidays, to avoid delays.
Bank Alfalah debit card holders can withdraw remittance money around the clock from Alfalah ATMs and the 1LINK/MNET network. The Alfa app allows customers to manage eligible remittance-linked accounts and access banking services digitally, including utility bill payments, mobile top-ups, and online purchases. Card payments at POS terminals in shops, pharmacies, and fuel stations give recipients easy access without handling large amounts of cash.
Sending money incurs both transaction and exchange rate fees. The total cost of a transfer to a Bank Alfalah account combines a visible transfer fee with a forex margin applied to the conversion rate. ACE publishes a transparency document disclosing that its Pakistan corridor forex margin ranges from 0.1% to 2.5%, depending on the transfer amount, payment type, and sending country.
The mid-market exchange rate is the standard reference rate for currency conversion. Exchange rates vary depending on the transfer amount and destination currency. Bank Alfalah's exchange rate fees can reduce the final PKR amount received. For example, a difference of Rs. 2 per GBP on a £1,000 transfer changes the PKR payout by Rs. 2,000. ACE shows the exact PKR figure the recipient will receive before you pay, so there are no surprises. Wise users can monitor exchange-rate movements and set rate alerts to track selected exchange rates before making a transfer.
Transaction fees can be a flat fee or a percentage of the transfer amount. Exchange rate fees are hidden in the conversion rate. Promotions may offer zero transfer fees but offset the cost through higher exchange rates. ACE may offer fee-free transfers subject to applicable terms and eligibility. Rates and fees may vary. Visit acemoneytransfer. com for current rates. Always compare total cost (fee plus exchange rate), not just fee labels.
Send fewer, larger transfers; ACE's fee structure favours higher amounts.
Avoid last-minute weekend or holiday transfers if weekday options cost less.
Monitor ACE's website or app for limited-time offers, referral bonuses, or improved rate promotions.
Set reminders for monthly remittances and transfer funds when rates are stable.
Cross-border money transfers and bank account remittances are subject to regulation in every jurisdiction involved. ACE Money Transfer provides international remittance services to eligible Bank Alfalah accounts. Bank Alfalah is licensed by the State Bank of Pakistan to conduct commercial banking activities and follows AML and KYC requirements across its operating countries.
ACE's website and apps use HTTPS and TLS encryption to protect data in transit. Bank Alfalah employs multi-factor authorisation and robust data protection protocols for secure transactions. Payment details are tokenised in line with PCI-DSS standards. ACE uses multiple layers of security and monitoring measures to help identify and manage potentially suspicious activity during transactions.
ACE Money Transfer is authorised by the UK Financial Conduct Authority (FCA reference 506692). Bank Alfalah is regulated by the State Bank of Pakistan. KYC checks, including identity verification and source-of-funds documents, are legally required. Transaction monitoring and limits keep transfers compliant. While additional documentation requests can feel intrusive, they are standard for international remittance and protect both senders and recipients.
ACE processes personal information in line with applicable data protection laws and its privacy policy. Uploaded documents are stored securely and accessible only to authorized compliance staff. Keep your login information private, log out on shared devices, and enable biometric or PIN-based device security. Report suspicious emails or calls claiming to be from ACE or Bank Alfalah to official support channels.
ACE provides international remittance services for sending money to Pakistan through eligible Bank Alfalah accounts, with applicable fees and exchange rates, delivery times, and support options varying by transaction.
Transfers to Bank Alfalah accounts may be processed promptly, depending on the payment method, banking hours, and the transaction details. Delivery times may vary. Rates and fees may vary. Delivery times may vary. Rates and fees may vary. Visit acemoneytransfer.com for current rates. ACE's platform is accessible 24/7, so you can arrange payments from home or while travelling abroad. Payout options include direct money to bank, cash pickup at Alfalah branches, and mobile wallet deposits where supported. Both senders and recipients can track the transaction in real time.
Bank Alfalah provides exchange rates for international transfers, which may vary by currency, transaction type, and applicable terms. ACE displays the exact PKR amount the recipient will receive before you confirm. Compared to traditional banks' foreign remittance services, ACE typically charges lower fees and offers tighter exchange rate spreads. Use ACE's rate display as your reference when planning recurring support to family or friends in Pakistan.
ACE is designed around the life of overseas Pakistanis who send money home for family maintenance, education, and financing of daily expenses. Saved beneficiaries and transaction history simplify repeat transfers to the same Alfalah account each month. Customer support via live chat, email, or phone can help with questions about Bank Alfalah transfers. Create an ACE account, select Pakistan, choose Bank Alfalah, and complete your first money transfer to see the difference for yourself.
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.
