UBL Ameen Tezraftaar Asaan Remittance Account
Retail Banking Products
 

Ameen Tezraftaar Asaan Remittance Account

Now receive your foreign home remittances from all around the world in a secured, convenient and complete peace of mind. Just inform your account number/IBAN to your overseas remitters to enable them to remit directly into your UBL Ameen Tezraftaar Asaan Remittance account.

Account Category:

You have a choice to open account in current or saving category.

  • UBL Ameen Tezraftaar Asaan Remittance Current Account.
  • UBL Ameen Tezraftaar Asaan Remittance Saving Account.

UBL Ameen Islamic Current accounts are based on the concept of “Qard”. However, UBL Ameen Saving accounts are based on the underlying Shariah mode of “Mudarabah.”

Key Features:

  • Instant account opening and activation via biometric verification
  • Free SMS alert to the remitter and beneficiary at the time of account opening notifying the account number for sending future remittances to this account
  • Option to convert the existing Cash Over Counter payment in full or partial to the account at the time of account opening
  • No requirement for initial deposit, minimum balance, account opening and maintenance charges.
  • Free SMS alerts for beneficiaries when home remittance transaction lands in the account
  • Auto routing of Cash Over Counter transaction to the account if CNIC number is received in COC instructions
  • No Withholding Tax on cash withdrawals since the account will only be fed through home remittance from abroad only. No other credit of any sort from any channel will be allowed in this account
  • UBL Ameen PayPak Debit Card

Transactional Limits:

Description Limits
Total Credit Limit (Any time) PKR 3,000,000
Cash Withdrawal Limit (Per day) PKR 500,000
Funds Transfer Limit (Per day) PKR 500,000
Local Credit Allowed (Per month) PKR 1,000,000

Eligibility Criteria:

All individuals who are beneficiary of foreign inward Home Remittance can open this account in single or joint capacity. However, One (1) CNIC holder can open only one UBL Ameen Tezraftaar Asaan Remittance Account (single or jointly).

Source of Deposit:

The account will only be fed through Home Remittance from abroad only, and other credits are not allowed. Also, Commercial remittances shall not be allowed in this account.

Key Benefits:

  • No minimum balance requirement
  • Free Cheque Book
  • Free Inter Branch Online Transaction – Country Wide
  • Free Cashier’s Cheque (Issuance/Cancellation/Duplicate)
  • Free Ameen PayPak ATM/Debit Card (Issuance & Annual Charges)
  • Free Accidental Takaful Coverage (Terms and conditions apply)
  • No profit is paid on Ameen Tezraftaar Asaan Remittance Current account
  • Profit on Ameen Tezraftaar Asaan Remittance Saving account is calculated on monthly average balance and paid on half yearly basis.
  • UBL Go Green Digital SMS Alerts

Visit your nearest UBL Islamic Banking Branch or Islamic Banking Window with just your original CNIC to open UBL Ameen Tezraftaar Asaan Remittance account in easy and hassle-free account opening procedure.

You may also contact us on UBL Contact Center and Customer Care at 111-825-888.

All service charges will be levied as per prevailing Ameen Schedule of Bank Charges (SOC)

To open UBL Ameen Tezraftaar Asaan Remittance Digital Account through our website, please Click Here