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e-Transfer (ACSS) - Money Transfer Services

What is e-Transfer (ACSS)?

  • e-Transfer (ACH) is a secure, completely online, paperless money transfer service, using the ACSS (Automated Clearing Settlement System) facility in Canada to make direct transfers.
  • With this, you can send money directly from your bank account in Canada to your beneficiary in India from the comfort of your home.
  • You can send money to bank accounts with over 100 banks in India or also to resident VISA debit card accounts in India.


Easy money transfers to any receiver in India
Electronic transfers into:

  • Any ICICI Bank account with over 4,000 branches in India.
  • Accounts with over 1,00,000 bank branches of over 100 banks in India.
  • ICICI Bank remittance card account in India.
  • Any resident Visa Debit Card** account issued in India.

Completely online

  • No branch visits, no paperwork required.
  • All you need to do is place an e–Transfer remittance request on

Automated recurring money transfer

  • Customize your account for automatic periodic transfer of funds.

Competitive exchange rates

  • Get more rupees for your dollars.

State–of–the–art security system

  • 128–bit SSL encryption to ensure utmost privacy.


Remittance service charge:

  • CAD 4 charge (inclusive of service tax @ 15%) for amounts of CAD 1500 or below for electronic credits into bank accounts, and for issuing demand drafts to over 700 locations.
  • No CAD charge for larger amounts.
  • Service tax will be levied on the converted gross INR amount in accordance with the Finance Act, 2015 and Service Tax (Amendment) Rules, 2015 of the Government of India w.e.f. June 1, 2015. Please click here to know the slab wise service tax structure. This charge would be deducted from the amount to be paid to the beneficiary. For FCNR deposit requests involving currency conversion, there will be a nominal charge of USD 1 (or equivalent of the deposit currency) for FCNR deposits, deducted from the FCNR deposit amount.

How does it work?

Registering for e-Transfer (ACSS)

  1. Login with your Money2India User Id.
    ( New users Register here )
    You can add your e-Transfer ACSS account by any of the following three ways:
    • Select 'Add your Bank Accounts' under the "Quick Links".
    • Select "My Accounts" tab on the Home Page under the menu bar and select 'Add My Bank Account ' link.
    • Select "e-Transfer" under 'Transfer Money". It will take you to the e-Transfer (ACSS) transaction page and Click on the link 'Add New Account' to add the bank account (ACSS) details of your local bank in Canada.
  2. Select your transfer mode as e-Transfer. You will be required to provide the following details:
    • Bank Name
    • Account number
    • Account type ( checking or consumer saving account) and
    • Your bank's 9 digit Bank Id Transit Number

Account Validation Process

  • We would be initiating 3 small value transactions of amounts below $ 1 each to your local bank account in Canada. There would be 2 deposits (credit) and 1 withdrawal (debit) from the bank account. For example, Deposit 1 of $ 0.XX, Deposit 2 of $ 0.YY and Withdrawal 1 of $ 0.ZZ.
    Please note: The Withdrawal amount would be equal to the sum of the Deposit amounts. Hence your account balance would not be affected by these transactions
  • The transactions would appear in your local bank account statement. For example it might be shown as:



    Withdrawal 1 : MONEY2INDIA SUB TRANSFER - $ 0.ZZ

    You can view the transaction details in your bank account on the second or third working day from the date of registration for e-Transfer. For example if you register for e-Transfer on Monday, the transactions would appear in your local bank account on either Tuesday or Wednesday.

    Please note: There is a possibility that your local (ACSS) bank in CANADA might club the two Deposit transactions and show only a single deposit in your bank account. In such a case, please contact your bank for the correct details of the Deposits and Withdrawals.

  • We will send you an email after 2 working days (On Wednesday for the above example) requesting you to confirm the amount of the small value transactions on the Money2India website. The instructions for confirming the values are explained in detail in the email.
  • Login with your Money2India User Id and select "My Accounts" tab on your Home page. On the following page in the overview section, you will see the 1st tab as "e-Transfer (ACSS) Accounts" under 'My Bank Accounts in United States of America'. The account added by you will be shown here with the account status as "Validate Your Account". Click on this 'Validate your account' link under Account Status.
  • You will get a screen for e-Transfer Account Validation, wherein you would have to enter details of the 2 Deposits (credits) only as appearing in your local (ACSS) bank account. For example, you would have to enter 0.XX and 0.YY against the Deposit 1 and 2 fields. Please note that you can enter the Deposit values in any sequence.
    Please note: As a security measure we allow a maximum of 2 attempts to enter Account Validation details. If you enter the details incorrectly twice, your e-Transfer (ACSS) account would be disabled on Money2India. In case your e-Transfer (ACSS) account gets disabled, please Email Us to re-activate your for e-Transfer (ACSS) account on Money2India.
  • On correct entry of the Deposit amounts, you can start using your for e-Transfer (ACSS) account to directly send money to your beneficiary in India using e-Transfer (ACSS) facility on Money2India

Transaction (Remittance) Process

In Enter Details step

  • Login with your Money2India User ID and select "Transfer Money" tab against "e-Transfer" transfer mode on your Home page or click on Transfer Money option on the top menu bar and select 'e-Transfer' as your transfer mode.
  • Select your e-Transfer enabled bank account (in case of multiple for e-Transfer (ACSS) registered accounts) from where the remittance will be funded by you
  • Select the Receiver from your list to whom you wish to transfer the money.
  • You have 2 options for placing the transaction amount request. One is where you specify in foreign currency with an indicative exchange rate displayed and other is the Fixed Rupee transfer facility where you are confirmed the exchange rate for the transfer.
    • To avail regular e-Transfer
      Specify transaction amount in CAD for indicative exchange rates, kindly note that the rates mentioned are indicative. Actual exchange rate applied will be as prevailing on the date and time of conversion of your money.
    • Select your purpose of Remittance from the given options.
  • Once you have provided all the accurate details click on the Next button to proceed.
  • In Confirm Transaction step,
    • Verify all the details provided by you. If the details are accurate, then click on the Confirm button. In case you need to make any changes in the information, click on the Back button. You will be taken back to the previous step. Once there, make the necessary changes and then verify the details once again and click on the Confirm button.
    • Once you click on the Confirm button you will be provided with your unique Tracking number which you can use to track your transaction online. Your e-Transfer transaction is complete now.
    • You can track the status of this transaction by visiting the "Track Transfer" option .
    • You can "Cancel" your e-Transfer transaction till your transaction is in "Request received" status. Once the status of your transaction changes to "Transaction in Process", you will not be able to cancel this transaction. Recurring/ scheduled transfers, can be viewed under the Scheduled Transfer and Recurring Transfer tab
    • The money would be transferred from your bank account in CANADA after 1 - 2 working days of your making the request. Banks in USA, send any unpaid money transfer requests information between 2 - 4 working days
    • If the beneficiary has an account with ICICI Bank, the money is directly transferred to the account on the 5th working day. For electronic credits to non-ICICI Bank accounts or credits to a VISA Card account* or DD's, the money is sent for electronic clearing or DD is issued and dispatched in 1 additional working day after we receive the money within 5 working days
    • You can track the status of your remittance using the 'Track Transfers' tab under home page. An e-mail would also be sent to you confirming the status of your remittance

Please Note: The above mentioned timeline excludes banking holidays and weekends in CANADA and India. Please click here to view the list of banking holidays in India.


*Visa Money Transfer cannot be used to transfer money to NRE Account linked VISA cards and Visa Credit Card account.

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