Allied Bank was the first Islamic Bank established in Pakistan and it currently has over 1300 branches and ATMs.
Allied Bank also provides Internet banking services to its customers through mobile, tablet and laptop devices. The myABL mobile app comes with a biometric login system and is available for both Apple iOS and Google Android Devices.
Some of the key features of Allied Bank myABL app are listed below:
Now let’s discuss 4 different types of bank accounts you can open at Allied bank:
If you want to know how to open a current bank account in Allied Bank that fulfils all of your banking needs as an individual or as an organization, you need to follow the simple steps mentioned below:
Applying for a current bank account is quite easy, all you need to have are the required documents based on the type of individual you are.
2 types of individuals can apply for a current account:
Salaried worker:
Being a working individual who wants to know how to open a current account in Allied Bank, you need to have the following documents:
Business owner:
If you want to know to open a Bank account in Allied Bank as a Business owner, you need to provide the bank with the following personal records:
With the information of the documents needed on how to open a Bank account in Allied Bank being cleared, it is also important to mention that along with these documents, individuals applying for a current account also need to submit a minimum fee of 1,000 PKR.
There is however no need for the maintenance of a minimum balance to avoid tax deduction.
Opening a savings account at Allied Bank is much similar to opening a current account, 2 types of people can apply for this account.
Salaried worker:
Being a working individual who wants to know how to open a current account in Allied Bank, you need to have the following documents:
Business owner:
If you want to know to open a bank account in Allied Bank as a Business owner, you need to provide the bank with the following personal records:
After the provision of these documents, you’ll also need to pay a minimum fee of 1000 PKR for account opening, however, no minimum account balance is required for account maintenance.
The Allied Bank savings account has an annual equivalence rate(AER)/ interest rate of up to 8%.
Allied bank has also introduced its young savers account for little kids called the Allied Rising Star(for children below the age of 18). Allied bank explains that this will help the youngsters to save money and later on give them an option to buy their favourite books or eat their favourite food from their savings.
More than 30000 children across the country are users of Allied bank Rising star, so if you feel interested in opening one for yourself, head onto your nearest Allied bank branch with your parents to apply.
Applying for an account is usually an exhausting activity, requiring a lot of documents to be delivered to the bank and a tiresome verification process.
To deal with this issue, try applying for an Asaan Account. Allied Asaan Account can be opened with a minimal fee of 100 PKR and the only required document for application is the individual’s CNIC.
So, if you wish to apply, visit your nearest Allied Bank branch to open your Asaan Account with only your ID card (CNIC).
Not convinced? Here is a complete list of all Pakistani banks where you can open your accounts:
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