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FutureStarrOpening a Bank Account Onlineor
Opening and maintaining a bank account online is the first step towards attaining financial independence. But this is not always an easy task, and you need to know how to approach the task in order to make opening and maintaining a bank account without hassle.
The time it takes to get your new Pakistani bank account up and running depends on the bank, the type of account you’re opening and perhaps even your residence status too (as more documentation may be required). But usually, it takes around 7 to 15 days³ between submitting your application and the activation of your new bank account.
Many banks in Pakistan also offer something known as a Roshan Digital Accountâµ, which is specially designed for non-resident Pakistanis living in other countries. The account, on offer at MCB Bank, Meezan Bank, UBL, HBL and many other banks, aims to make it quick and easy for people with Pakistani citizenship to open accounts in their home country while abroad. So, if you’re a Pakistani citizen, this could be a good option for you. (Source: wise.com)
United Bank Limited (UBL) is a market leader in banking and financial services in Pakistan, and also has a presence on four different continents. In Pakistan itself, you’ll find over 1,400 UBL branches and ATMsâ¸, although the multi-national bank is also leading the charge towards branchless, online-only banking for the convenience of its customers.
If you’re using a debit card from your home country in Pakistan, or using a card from your Pakistan bank account abroad, it’s a good idea to keep an eye out for foreign ATM fees. These are usually comprised of a flat fee as dictated by the ATM, plus a percentage of your withdrawal that goes back to your bank. There may also be currency conversion charges, along with a mark-up on the exchange rate. (Source: wise.com)