ACE Money Transfer
ACE Money Transfer
13 Oct 2026
Sending money to Pakistan should be straightforward. This article breaks down how international money transfers to Meezan Bank actually work, what they cost, and how to complete one step by step using ACE Money Transfer.
Overseas Pakistanis can send international money transfers directly to Meezan Bank accounts or arrange cash pick up at any of the bank's over 1000 branches across Pakistan. Using ACE Money Transfer is an alternative to traditional bank transfers, with fees and delivery times varying by transaction.
You can send money to Pakistan from the UK, Europe, Canada, Australia, the USA, and other countries directly into Meezan Bank accounts via ACE Money Transfer.
ACE Money Transfer provides international money transfer services with applicable exchange rates, transfer fees, and delivery times varying by destination, currency, payment method, and transaction details. Rates and fees may vary. Visit acemoneytransfer.com for current rates and applicable fees.
Recipients in Pakistan can receive funds as a bank deposit to any Meezan Bank account or as a cash payout at selected partner locations, depending on the method the sender chooses.
Exchange rates and fees vary depending on the country corridor, payment method, and time of day, so always check the live rate on ACE Money Transfer before confirming.
Meezan Bank is Pakistan's first and largest Islamic commercial bank, founded in 1997 in Karachi. It is widely used for receiving remittances thanks to its Shariah-compliant account structures and extensive branch network.
Meezan Bank does not handle every international money transfer directly from overseas senders. Instead, inbound remittances are received through global remittance partners or direct bank wires. The bank offers Easy Remit for international money transfers, an umbrella service that allows recipients to receive money via bank deposits and cash pick ups. Meezan Bank offers three account types for receiving international funds, including the Smart Remittance Wallet, which is designed to receive home remittances and does not permit outward remittances, and the Meezan Roshan Digital Account, which can be opened remotely and funded through foreign remittances. For corporate users, Meezan Bank provides a Foreign Exchange Portal to submit digital requests.
The difference between a traditional cross-border bank transfer via SWIFT and a transfer through a specialist like ACE is significant. SWIFT transfers involve intermediary banks, additional charges, and slower processing. Dedicated money transfer services can be faster and more transparent on fees and exchange rates. Meezan Bank also supports SMS alerts and mobile banking so recipients are notified when funds arrive.
ACE Money Transfer is a fully digital remittance platform that lets overseas Pakistanis send money online to Meezan Bank accounts or for cash collection, usually within minutes. The transfer process usually involves selecting the remittance service and providing beneficiary details. Here is how it works.
Step 1: Register or log in to your ACE account using your email, Google, or Apple ID. You will need to complete KYC verification with ID documents as required by regulations in your sending country.
Step 2: Choose Pakistan as the destination country. Select "Bank Deposit" to deposit to a Meezan Bank account, "Cash Pickup" for collection at an authorized partner location, or "Mobile Wallet" for instant crediting to supported wallets like JazzCash, EasyPaisa, or NayaPay.
Step 3: Enter accurate recipient details. The process for sending money to a Meezan Bank account requires providing the recipient's IBAN and SWIFT code (MEZNPKKAXXX), the full name as per CNIC, account title, branch name or city, and an up-to-date mobile number.
Step 4: Select your payment method - debit card, credit card, or online bank transfer. Card payments are usually instant but may carry slightly higher fees. Online bank transfers can be cheaper but sometimes slower.
Step 5: Review the transfer. You will see the live exchange rate from your currency to PKR, the transfer fee, total cost, and the amount your recipient will receive. Add a payment reason (family support, education, medical expenses) and click Pay Now.
Step 6: Track your transaction in real time using the reference tracking number provided. ACE updates the status until funds reach the recipient's Meezan account or are ready for cash pickup.
Example scenario: A user in the UK sending GBP 500 to a Meezan Bank account would pay zero fees (transfers above GBP 150 are fee-free) with a margin of roughly 0.1–1.5%, rates and fees may vary. Visit acemoneytransfer.com for current rates. Digital transfers through partnered apps often process within minutes to a few hours, and the recipient sees the PKR credit in their Meezan account with an SMS confirmation. Your first transfer with ACE is free regardless of amount. Rates and fees may vary. Visit acemoneytransfer.com for current rates.
Recipients in Pakistan can get money transfers via a direct Meezan Bank account deposit or via cash collection, depending on what the sender selected.
Bank deposit: Funds are credited in PKR to the chosen Meezan Bank account - current, savings, or specialized remittance-linked account. The recipient can access them through branches, ATMs, or digital banking. Money can be received immediately after processing with Meezan Bank.
No receiving fees: Receiving money in a Meezan account is free of charge. Meezan Bank does not charge for receiving money from abroad, though the sender may have paid fees and an exchange rate markup when sending.
Account requirements: The recipient needs an active Meezan Bank account in their own name, proper identity documentation (CNIC or SNIC), and a correct mobile number updated with the bank to receive SMS alerts.
Security: Staff verify the recipient's ID and reference data before paying out. Uncollected cash transfers may be returned to the sender after a set validity period.
Tracking: Recipients can track transfers using a reference number on Meezan's website. ACE also updates transfer status in its app for both sender and recipient.
The total cost of an international money transfer to Meezan Bank has two components: the explicit transfer fee and the exchange rate applied when converting to PKR.
| Cost Factor | ACE Money Transfer | Traditional SWIFT Transfer |
|---|---|---|
| Transfer fee | Often zero (e.g., free above GBP 150 from UK) | Base fee plus possible correspondent bank charges |
| Exchange rate margin | 0.1%–1.5% on major corridors | Varies by bank, currency, and transaction; check the quoted rate for details. |
| Intermediary charges | None | Correspondent banks may deduct fees for international transfers done via standard SWIFT wire |
| Delivery times | Minutes to hours | 1 to 5 business days |
Transaction fees can be flat, variable, or a mix of both. Senders pay transaction fees when sending money through Meezan Bank for outward remittances, and fees for outward foreign remittances may include transfer charges and additional correspondent costs. Typical charges for outbound transfers include a base fee plus possible correspondent bank charges. Outbound international transfers from Pakistan are subject to State Bank of Pakistan regulations.
Meezan Bank's exchange rates vary by transfer amount and currency. Larger transfers usually incur lower fees and better rates.
Limits: For cash pickup in Pakistan, the per-transaction cap is Rs. 700,000. Bank deposits via ACE can go up to PKR 10 million per transaction. Rates and fees may vary. Visit acemoneytransfer.com for current rates. ACE's own limits depend on KYC level, country of residence, and payment method. Documentation requirements for international transfers depend on the purpose of the remittance, and international transfers require a valid legal or commercial purpose backed by supporting documentation.
Always check current fees, exchange rates, and limits directly on ACE Money Transfer and Meezan Bank's official channels.
International transfers typically take 1 to 5 business days through traditional channels. Transactions via ACE to Meezan Bank are processed within minutes to hours during normal banking days, though verification or compliance checks can extend this. Some transfers may take a few days depending on the provider.
Cross-border bank transfers via SWIFT pass through intermediary banks and anti-money-laundering checks, which slow delivery times and can introduce unexpected deductions.
Security measures across the chain:
ACE Money Transfer uses encrypted connections, fraud detection systems, and regulatory compliance under the UK Financial Conduct Authority
Meezan Bank uses secure digital banking, transaction monitoring, and two-factor authentication
International money transfers to Pakistan are governed by State Bank of Pakistan regulations, including purpose-of-payment declarations and documentation requirements
Different methods of international payments to Pakistan:
Online money transfer services like ACE
Traditional bank transfers via SWIFT
Card-to-bank transfers
Business platforms such as Payoneer linked to Meezan Bank accounts for freelancers receiving multi-currency payments
For everyday remittances to family, ACE Money Transfer delivers the speed, cost, and convenience that many transfers demand. Download the app or visit the website to compare rates and complete your transfer in minutes.
How long does it take to send money to a Meezan Bank account via ACE? From popular corridors like the UK, Europe, and Canada, most transfers to Meezan Bank complete the same day, often within minutes. Rates and fees may vary. Visit acemoneytransfer.com for current rates. Transfers to Meezan Bank can take 1 to 5 business days only in rare cases involving compliance reviews. Bank deposits process fast; cash pickup is available almost immediately once the transfer clears.
Is it safe to send money online to Pakistan through ACE? Yes. ACE is authorised by the UK Financial Conduct Authority (FCA) under the applicable Payment Services Regulations (PSRs) and/or Electronic Money Regulations (EMRs), as applicable. ACE uses advanced encryption and fraud detection systems, and complies with anti-money-laundering regulations. Meezan Bank adds its own layer of secure transaction monitoring.
How do I track my transfer to Meezan Bank? Once you pay, ACE provides a unique reference number. Log into the ACE app or website to check real-time status updates - Pending, In Progress, or Paid. Recipients can also track transfers using a reference number on Meezan's website.
What fees apply when using ACE to send money to Pakistan? Fees vary depending on the corridor, payment method, and promotions. From the UK, transfers above GBP 150 are typically fee-free. Your first transfer is always free. The exchange rate includes a small margin, but ACE shows the complete cost breakdown before you confirm.
Are there limits on how much I can send? ACE imposes limits based on your KYC tier and country. Bank deposits to Pakistan can reach up to PKR 10 million per transaction; cash pickup caps at Rs. 700,000. To increase your limit, complete additional verification steps by uploading proof of identity and source of funds documentation.
What information do I need before initiating a transfer? Prepare the recipient's full legal name (as per CNIC), Meezan Bank account number or IBAN, the bank's SWIFT code (MEZNPKKAXXX), branch name, and the purpose of the transfer. Enter these details carefully to ensure smooth, fast processing. Open the ACE app, choose your destination, and you are ready to send.
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.
Exchange rates fluctuate and the rate you receive may differ from any rates quoted. Always check the live rate at acemoneytransfer.com before sending.
