ACE Money Transfer
ACE Money Transfer
22 Oct 2026
Askari Bank partners with international remittance providers for secure money transfers into Pakistan. For overseas Pakistanis sending money home from the UK, Europe, Canada, Australia, or the Middle East, the ACE Money Transfer platform offers a direct route into Askari Bank accounts and cash pickup locations across Pakistan's network of over 788 branches.
This guide covers the ACE transfer process step by step, the remittance accounts Askari Bank offers beneficiaries, how recipients collect funds, and what digital tools are available for tracking and foreign exchange operations.
You can send money to Pakistan through ACE Money Transfer using the payout methods available for your sending country and transaction. Before sending money directly to an Askari Bank account or choosing cash pickup, check the available options on the ACE Money Transfer website. Exchange rates fluctuate, and the rate you receive may differ from any rates quoted. Always check the live rate at acemoneytransfer.com before sending. Review the applicable transfer fee, exchange rate, and expected amount your recipient will receive before confirming your transaction.
Here is how the process works:
Create an ACE account. Register using email, Google, or Apple ID. Complete one-time identity verification (passport, national ID, proof of address).
Choose Pakistan as the destination. Select Askari Bank as the payout bank for direct account deposits, or choose Askari Bank cash pickup for over-the-counter collection.
Enter recipient details. Provide the beneficiary's full name as per CNIC, Askari Bank account number or IBAN (for bank deposit), or CNIC number (for cash pickup). Include the recipient's city.
Pay for the transfer. Options include a Visa or Mastercard debit card, credit card, or online bank transfer from your local bank.
Receive a tracking number. After clicking "Pay Now," ACE issues a unique reference number for real-time status monitoring.
Delivery times:
Card-funded transfers to Askari Bank accounts often complete within minutes (Rates and fees may vary. Visit acemoneytransfer.com for current rates).
Online bank transfers from the sender's local bank take 1 to 2 business days depending on the sending country and compliance checks.
Cash pickup transactions are typically available for collection within minutes of confirmation (Rates and fees may vary. Visit acemoneytransfer.com for current rates).
You can track every transaction through the ACE web portal or mobile app. The reference number shows live status updates: pending, in process, or paid out to the beneficiary.
ACE Money Transfer partners with major banks in Pakistan, including Askari Bank, to deliver international remittances quickly. The company operates across digital remittance channels, offering bank deposit, cash pickup, and mobile wallet payouts. SWIFT codes are used to identify banks for international transfers, and ACE handles the routing so senders only need the beneficiary's Askari Bank account number or IBAN.
Registration and login:
Sign up with your email, Google, or Apple ID.
Complete KYC verification once. ACE requires a valid passport or national ID and, in some countries, proof of address.
After verification, you can save beneficiary details and initiate repeat transfers to the same Askari Bank recipients without re-entering information each time.
The sending flow:
Choose your sending country (UK, EU, Canada, Australia, or GCC) and select Pakistan as the destination.
Select a payout option: Askari Bank account deposit, Askari Bank cash pickup, or a supported mobile wallet credit where applicable.
Enter the beneficiary's information: full name as per CNIC, Askari Bank IBAN or account number, mobile number, and city.
Pick a payment method. Visa or Mastercard debit cards, credit cards, and online bank transfers are available. The exact options vary by country; for example, Apple Pay and Google Pay work in select origins.
Add a payment reason. Pakistani remittance regulations require senders to specify the purpose, such as family support, education, medical expenses, or bill payments. ACE passes this information to Askari Bank as part of the transaction record.
Confirm the transfer details and click Pay Now.
After confirmation, ACE generates a reference tracking number. Both sender and recipient can use this number to view status updates (pending, paid out, on hold) until funds reach the Askari Bank account or are available for cash collection.
ACE's bank deposit limit for a single transaction to Pakistan is PKR 10 million. Cash pickup transactions cap at PKR 500,000 per transfer (Rates and fees may vary. Visit acemoneytransfer.com for current rates).
Askari Bank offers specialised remittance-linked accounts tailored to beneficiaries who receive funds from abroad. These accounts require no minimum balance or initial deposit in most cases, reinforcing the bank's role in deepening financial inclusion for people who depend on remittances for daily expenses, education, or savings.
Aasaan Money Transfer Account
The Aasaan Money Transfer Account offers secure overseas transactions for families who regularly receive funds from abroad. It is a basic, easy-to-open account designed for beneficiaries of international remittances sent via ACE Money Transfer and other formal banking channels. The account provides easy access to deposited funds through branches, ATMs, and internet banking.
Asaan Digital Remittance Account (ADRA)
The Asaan Digital Remittance Account enables instant fund transfers online. It is built for customers who prefer fully digital remittance services. Askari Bank's digital onboarding framework allows eligible individuals to open this account remotely. The account supports instant credits, competitive PKR exchange rates, and access through Askari Bank's internet and mobile banking portals, complete with SMS alerts on every incoming transfer.
PakWatan Remittance Current Account
The PakWatan Remittance Current Account allows direct bank deposits from abroad into a chequing account. It is suited for beneficiaries receiving frequent remittances from overseas Pakistanis. Funds deposit directly, so recipients do not need to visit a branch to collect each transfer.
PakWatan Remittance Saving Account
The PakWatan Remittance Saving Account provides secure remittance reception with a savings component. Profit is calculated on the monthly average daily balance, allowing remittance inflows to accumulate and earn returns. Families planning long-term goals like education or home improvement can use this account to build savings while still receiving regular transfers from loved ones abroad. No minimum monthly balance is required.
Sohni Dharti Remittance Account (SDRA)
The Sohni Dharti Remittance Account encourages formal remittance channels by linking deposits to the Government of Pakistan's Sohni Dharti Remittance Program. Under SBP rules, the maximum credit balance in this account is PKR 3,000,000, with a monthly debit limit of PKR 1,000,000. Account holders receive a free PayPak Classic debit card, free cheque book, internet banking, and SMS alerts.
Sohni Dharti Remittance Program rewards:
Use the State Bank of Pakistan’s official Sohni Dharti Remittance Program page, which lists all four reward tiers and the eligible redemption services: SBP official program page.
Green tier (up to USD 10,000/year): 1.00% reward points
Gold tier (USD 10,001 to 30,000): 1.25%
Platinum tier (USD 30,001 to 50,000): 1.50%
Diamond tier (above USD 50,000): 1.75%
Important: The program is in its concluding phase. Allied Bank’s page, updated 7 July 2026, says transactions processed up to 30 June 2026 qualify for points, and accumulated points can be redeemed until 30 June 2027. See the updated program terms.
Askari Bank supports receiving remittances directly into accounts, and non-account holders can also collect funds at branch counters. Here is what each option looks like in practice.
Bank deposit to Askari Bank accounts:
The overseas sender selects Askari Bank as the bank deposit option via ACE Money Transfer.
Funds are credited directly to the beneficiary's PKR account. This could be an Aasaan Money Transfer Account, Asaan Digital Remittance Account, PakWatan Remittance Current Account, PakWatan Remittance Savings Account, Sohni Dharti Remittance Account, or a standard current/savings account.
After credit, beneficiaries can access funds via any of Askari Bank's 788 branches, ATMs, or digital banking.
Remittances can also be routed to other Pakistani banks via InterBank Fund Transfer if the beneficiary holds an account elsewhere.
Cash pickup at Askari Bank branches:
The overseas sender chooses cash pickup via ACE and selects Askari Bank as the payout partner.
Beneficiaries can collect cash over-the-counter at Askari Bank branches using CNIC and the transaction reference number provided by the sender.
No receiver fee is typically charged by Askari Bank for these pickups (Rates and fees may vary. Visit acemoneytransfer.com for current rates). The sender pays the transfer fee on the ACE platform.
Western Union payouts:
Askari Bank branches also serve as Western Union payout locations.
Customers present a 10-digit Western Union reference number plus a valid CNIC or accepted ID to receive funds.
Recipients do not pay a receiving fee for Western Union collections at Askari Bank, subject to applicable service terms. Check Western Union service details.
Documentation and compliance:
Beneficiaries must show their original CNIC or other accepted ID at the branch.
Bank staff may ask brief questions about the purpose of funds.
Larger amounts may require additional verification under State Bank of Pakistan anti-money laundering regulations.
For all formal inward remittances, Askari Bank logs the transaction against the beneficiary's CNIC to strengthen legal compliance and maintain full transparency in the remittance network.
Askari Bank supports international trade and foreign exchange needs through a dedicated digital portal, while ACE Money Transfer handles real-time tracking for personal remittances. The two tools serve different purposes, and knowing which to use saves time.
Askari FX Portal:
A web-based system that allows Askari Bank customers to initiate, submit, and track trade and foreign exchange requests requiring State Bank of Pakistan approvals.
Customers enrol by submitting a sign-up form at their Askari Bank branch using their account number. Login credentials arrive via SMS for individuals or email for businesses and companies.
Suitable for import/export payments, foreign currency remittances related to business operations, education fee transfers, and medical remittances.
Sending money from Pakistan involves regulatory documentation for specific purposes like education and medical treatment. Outward remittance from Pakistan requires compliance with State Bank of Pakistan regulations. The FX Portal handles the documentation workflow for these cases.
Not required for routine family remittances sent through ACE Money Transfer, but valuable for customers with regular cross-border trade flows.
Tracking remittances via ACE Money Transfer:
After confirming a transfer, the sender receives a unique reference number.
This number works in the ACE app or website to view whether the payment is pending, in process with Askari Bank, or already paid out.
Both sender and beneficiary can contact ACE support or use the Ask Buddy avatar feature on the ACE platform for quick answers about transaction status.
The practical flow is simple: the sender uses ACE for personal remittances, and the beneficiary receives funds into their Askari Bank account or picks up cash at a branch. For complex foreign exchange needs, such as trade payments or education remittances requiring SBP approval, the customer uses the Askari FX Portal through their branch and manages documentation there.
For everyday remittances to families back home, ACE Money Transfer is the faster path. The Askari FX Portal provides foreign exchange services for eligible business and institutional transactions. Users should review the portal’s features and eligibility requirements to determine whether it meets their needs. This is not financial or legal advice. Please consult a qualified professional.
Askari Bank's partnership with ACE Money Transfer, combined with its remittance account products and branch network across Pakistan, provides overseas Pakistanis with a way to send funds home through formal channels. The services offered by ACE Money Transfer and Askari Bank can help recipients access remittances through available banking and payout options.
Whether your people back home need funds for daily expenses, or you are building long-term savings in a PakWatan account, ACE's digital platform and Askari Bank's remittance infrastructure offer different options for sending and receiving money. ACE Money Transfer provides international remittance services, while Askari Bank offers banking services in Pakistan. This is not financial or legal advice. Please consult a qualified professional.
Open an ACE Money Transfer account, enter your Askari Bank beneficiary's details, and send your first transfer. Your families should not have to endure delays or uncertainty when funds are on the way home.
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.
