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Online ACH

Fundamentals

What is an Online ACH?

What are the benefits of an Online ACH?

Which currencies can you send via Online ACH?

Online ACH at DENA IndiaRemit (US Customers )

What is Automated Clearing House (ACH)?


How do you make an Online ACH from the United States?

What details have to be provided for the one-time Registration process?

What is the Account Validation and Activation process?

What type of US bank accounts can be used for Online ACH ?

What is an ABA/ Routing Number?

Where can you check the status of your transaction?

When is money transferred from you bank account?

Online Transfer on DENA IndiaRemit (UK Customers )

UK

What is a Customer Initiated Payment (CIP)?

How do you make an OnlineTransfer from the UK?

Fees, Charges and Limits

Are there any transaction limits for Online Transfers?

What is the exchange rate applied on your remittance?

What are the fees charged for Online Transfer?


Troubleshooting

Your bank account has been posted with the Account Validation entries. However you cannot enter the same on the website. What should you do?

Why do you see 'Money in Clearing' in your Status Tracker when your account has already been debited?

What is an Online ACH?
An Online ACH is a completely paperless, web-based way to send money to India through DENA IndiaRemit.
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What are the benefits of an Online ACH?
When you send money from your bank account in the United States via an Online Transfer, we receive the money in 3 working days from your bank. No extra cost is passed on to you. You also do not need to make the effort to mail a Check or go to your bank to effect a Wire Transfer. In short, Online ACH save you valuable time and effort.
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Which currencies can you send via Online ACH?
Presently, you can send only USD (US) using Online ACH.
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Online ACH on DENA IndiaRemit (US Customers only)

What is Automated Clearing House (ACH)?
ACH stands for Automated Clearing House. In the United States, the ACH Network is a highly reliable and efficient nationwide electronic funds transfer system governed by the (NACHA) National Automated Clearing House Association's operating rules, which authorize inter-bank clearing of electronic payments.
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How do you make an Online ACH from the United States?
To use DENA IndiaRemit's Online ACH mode, you need to follow the following steps:
  • As a First-time user, you need to complete a one-time Registration process where you are required to add your bank account details.
  • Your details are verified through a one-time verification process, which takes 3 working days. DENA IndiaRemit notifies you by email once your account is activated. The same notification is also available on the website, should you want to check the status of your verification online
  • In order to process your transaction faster, it is advisable to book your remittance by 3:30 p.m. EST.
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What details have to be provided for the one-time Registration process?
For the one-time registration, you need to provide us with the following details:
  • Your Social Security Number
  • Your US Bank Account number
  • Your Account Type
  • Your US Bank's 9 digit ABA Routing Number
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What are the Account Validation and Activation Process?
The Account Validation Process is carried out to prevent any misuse of your account and ensure that only you as the real account holder use this facility.
  • A nominal amount in cents is debited and credited to your account by -DENA IndiaRemit
  • DENA IndiaRemit intimates you of the transaction by email
  • You must refer to your Bank Statement for the exact amount that is debited and credited.
  • When you log on to DENA IndiaRemit, your transaction status will show, "Click to Verify". Now enter the exact amount in the space provided.
  • If the details match the actual transactions carried out by us, your account is activated and you can begin making transactions.
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What type of US bank accounts can be used for Online ACH?
An individual Checking Account or an individual Savings Account with a US Bank that is affiliated to the ACH network can be used for Online ACH.
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What is an ABA/ Routing Number?
The ABA or American Bankers' Association Number or Routing number is also called a "Routing Transit" number. It is an identification number assigned to each financial institution and each branch office of that financial institution. It was developed by the American Bankers' Association in 1910 to help route payments across banks. Perhaps the most important thing to keep in mind is that without the ABA/Routing number, transmitting funds is not possible.
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Where can you check the status of your transaction?
The Status Tracker at DENA IndiaRemit indicates the status of your transaction.
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When is money transferred from you bank account?
Generally, money is transferred from your bank account to DENA IndiaRemit on the 2nd or 3rd working day from the date of making the money transfer request. You have to also ensure that your account has sufficient funds for the transfer to take place. All holidays - weekends, public holidays in India and the US have to be excluded while calculating working days.
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Online Transfer on DENA IndiaRemit (UK Customers)

What is a Customer Initiated Payment (CIP)?
Customer Initiated Payment (CIP) is a completely online mode of sending money from your bank account in the United Kingdom by using your bank's Internet Banking service.
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How do you make an OnlineTransfer from the UK?
After filling the transaction details on our site, access your account via Internet Banking and transfer the remittance amount to us through the BACS (Bankers Automated Clearing Service) option. You will also need to provide the 'Internet Banking Trace Number of your transaction to DENA IndiaRemit. You can enter this number either while booking your transaction or much later through the Status Tracker facility. The Internet Banking Trace Number is compulsory to process the transaction. Delivery Schedule.
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Fees, Charges & Limits

Are there any transaction limits for Online Transfers?
Please refer to the following table for country-wise limits -

Country Limits-Min per Transaction Limits-Max per Transaction
United States US Dollars 50 US Dollars 5,000*
United Kingdom GBP 50 GBP 3000*

*Subject to 12,000 per week in respective currencies.
*Subject to 5000 per week in GBP
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What is the exchange rate applied on your remittance?
The exchange rate applicable to your remittance is based on the rate, prevailing at 10 AM IST, on the day that your funds are converted to Indian Rupees. On the day that you book your remittance, the prevailing rate for that particular day is shown to you on the online calculator as an indication - so that you know how much your beneficiary in India can expect to receive in Indian rupees for the amount that you are sending in your local currency. Click here for today's exchange rates.
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What are the fees charged for an Online ACH?
Please click here to know about the Transfer Fees
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Troubleshooting

Your bank account has been posted with the Account Validation entries. However, you cannot enter the same on the website. What should you do?
Account Validation entries are posted to your bank account on the 2nd or 3rd working day after you complete the one-time registration for Online ACH. We send you an e-mail on the 3rd working day informing you about the details of the Account Validation process, subsequent to which you can enter the amount on the website. We request you to please wait for the e-mail and carefully go through it and only then make the entries on the website.
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Why do you see 'Money in Clearing' in your Status Tracker when your account has already been debited?
Though it is an Online money transfer transaction, we do not receive the credit immediately and hence the status may read 'Funds in Clearing'. This status changes as soon as we receive the money. However, you need not worry, as there would be no delay in sending your remittance to the recipient in India.
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