Transfers to a bank other thanAlliance Credit Union Ltd. (Asia) FAQs

Through us you can transfer money to any bank in Asia (Non –Alliance Credit Union). We do this through a service that the Reserve Bank of Asia offers to the networked branches of all banks in Asia. The service covers more than 90 key banks in Asia. Transfer requests received before 3:00 p.m. in branch or Customer Service Centre will be processed on the same working day. Any transfer requests received after 3:00 p.m. will be processed on the next working day at the exchange rate applicable at the time of submitting the request.

HomeVantage Current account holders may place such requests either at our branches, Customer Service Centre or online. Non-account holders may place such requests at our branches.

The charges varies basis the channel and mode of transfer you choose from available option. Please click here for complete details on charges.

No. There is no minimum amount.

There is no maximum limit on transfers placed through our branches. The maximum limit for transfers placed through our Customer Service Centre is €1500. The maximum limit for transfers placed online is €25,000 per day in total (including charges) to any bank account in Asia (i.e. accounts with Alliance Credit Union Limited or any other bank that uses the Asian electronic clearing system).

The funds are credited to the beneficiary account within 24 hours of placing the request. The beneficiary may withdraw these funds once they are credited in the account by the beneficiary bank.

It’s very important that you give us the correct beneficiary details so that we can process the credits into the right beneficiary’s account.

Bank name – the bank where your beneficiary holds an account

Beneficiary name – as it appears in their bank's records

Bank branch – the branch where the beneficiary’s account is held

Account number – the number for beneficiary’s account held at the branch you are transferring to

Account type – the type of account you are transferring to, i.e. a savings account, an NRE account etc.

More than 55,000 non –Alliance Credit Union branches are covered under this service, in more than 350 key locations.