Allied Bank (ABL) Account Types in Pakistan – Complete Guide

Allied Bank (ABL) Account Types in Pakistan – Complete Guide

Allied Bank (ABL) Account Types in Pakistan – Complete Guide

Allied Bank Limited (ABL) is one of the oldest commercial banks in Pakistan, founded in 1942. With more than 1,400 branches and a strong digital platform, ABL provides a wide range of banking services. Whether you are a student, freelancer, salaried person, or business owner, ABL has different account types to suit your financial needs. On MoneyToTalk, we will cover all the major ABL account types in detail, along with their features and benefits.

1. ABL Current Accounts

ABL current accounts are designed for individuals and businesses who require frequent transactions without profit returns. These accounts ensure flexibility and convenience.

• ABL Current Account: Basic account for individuals with cheque book and debit card facilities.
• ABL Business Current Account: Suitable for traders and SMEs for daily transactions.
• ABL Corporate Current Account: Designed for large corporations and organizations.
• ABL Asaan Current Account: Simple account with minimum documentation requirements.

2. ABL Savings Accounts

ABL offers savings accounts with attractive profit rates to help customers grow their savings while enjoying banking convenience.

• ABL Savings Account: Standard savings account offering profit on monthly balances.
• ABL Basic Banking Account: Designed for low-income individuals with minimal requirements.
• ABL Aitebar Savings Account: Shariah-compliant savings account based on Islamic banking principles.
• ABL Pensioners Savings Account: Specially created for retired individuals with added benefits.
• ABL Young Savers Account: Designed for children and students to promote saving habits.

3. ABL Asaan Accounts

To promote financial inclusion, ABL offers Asaan Accounts under the State Bank of Pakistan’s initiative. These accounts are easy to open with minimum documents.

• Asaan Savings Account: Provides profit on deposits with no complex requirements.
• Asaan Remittance Account: Specifically designed for individuals receiving money from abroad.
• Asaan Current Account: Ideal for people with simple banking needs.

4. ABL Foreign Currency Accounts

ABL offers foreign currency accounts for individuals and businesses dealing in international transactions.

• Available in USD, GBP, EUR, and other currencies
• Both savings and current options available
• Useful for importers, exporters, and overseas Pakistanis

5. ABL Islamic Banking Accounts

ABL provides Shariah-compliant banking under the brand Aitebar Islamic Banking. These accounts follow Islamic principles of finance.

• Aitebar Current Account: Islamic current account with no interest.
• Aitebar Savings Account: Profit-sharing account based on Islamic rules.
• Aitebar Term Deposit: Long-term Shariah-compliant investment options.

6. ABL Digital Banking Accounts

With Allied Bank’s strong focus on digital banking, customers can open and operate accounts easily through the myABL Internet & Mobile Banking App.

• myABL Digital Account: Opened online with minimal paperwork.
• 24/7 access to account management, bill payments, and funds transfer.
• Instant debit card facility.
• Biometric verification at any ABL branch.

7. Specialized Accounts

ABL also offers accounts designed for specific groups of customers.

• ABL Salary Account: For employees to receive monthly salaries with special benefits.
• ABL Remittance Account: For overseas Pakistanis to receive funds quickly and securely.
• ABL Pensioner Account: Tailored for retired individuals.
• ABL Women’s Account: With special offers and benefits for women.

Key Features of ABL Accounts

• Nationwide branch and ATM network
• Free ATM/Debit card (for most accounts)
• Internet and Mobile Banking access
• Easy international remittance services
• Islamic banking options (Aitebar)
• Special accounts for students, women, and pensioners

Why Choose Allied Bank?

Allied Bank is trusted for its stability, wide branch network, digital banking services, and customer-focused solutions. Whether you are looking for a simple current account, a savings plan, or Shariah-compliant options, ABL provides reliable solutions for all financial needs.

Conclusion

Allied Bank offers a diverse range of accounts – from current and savings accounts to Islamic and digital accounts. With its customer-friendly policies, modern digital services, and wide network, ABL is one of the leading banks in Pakistan. On MoneyToTalk, we recommend Allied Bank for individuals, families, and businesses seeking secure and innovative banking solutions.