Bank AL Habib Account Types

Bank AL Habib Account Types – Complete Guide

Bank AL Habib Account Types

Bank AL Habib is one of Pakistan’s leading commercial banks, known for its strong customer service and wide range of financial products. Whether you are an individual, a salaried professional, a student, or a business owner, Bank AL Habib offers different account types to meet your needs. On MoneyToTalk, we explain all the account categories offered by Bank AL Habib with features and benefits.

1. Current Accounts

Bank AL Habib offers various types of Current Accounts for individuals and businesses. These accounts are mainly used for daily transactions without profit.

• AL Habib Current Account: A basic current account for individuals and businesses with free cheque book and ATM card.
• AL Habib Business Current Account: Designed for small and medium businesses to manage daily payments and collections.
• Foreign Currency Current Account: Available in USD, GBP, EUR, and other currencies for customers who deal internationally.

2. Savings Accounts

Savings accounts at Bank AL Habib are designed to help customers save money while earning profit. These accounts are Shariah-compliant and conventional, depending on customer preference.

• AL Habib Savings Account: Offers competitive profit rates with easy access to funds.
• Student Savings Account: Specially designed for students with low minimum balance requirements.
• Minor Savings Account: Parents/guardians can open an account for children under 18 years of age.
• Foreign Currency Savings Account: Allows customers to save in foreign currencies with profit earnings.

3. Islamic Banking Accounts

Bank AL Habib has a dedicated Islamic Banking Division that provides Shariah-compliant accounts.

• AL Habib Islamic Current Account: A non-profit bearing account under Islamic principles.
• AL Habib Islamic Savings Account: Offers profit based on Shariah-compliant modes of investment.
• Asaan Islamic Account: Easy-to-open account with minimum requirements, for financial inclusion.

4. Asaan Accounts

In line with the State Bank of Pakistan’s financial inclusion policy, Bank AL Habib offers Asaan Accounts. These accounts are easy to open with minimal documentation.

• Asaan Current Account: A simple current account for individuals with basic banking needs.
• Asaan Savings Account: A low balance savings account with profit on deposits.
• Asaan Remittance Account: Special account for receiving remittances from abroad.

5. Foreign Currency Accounts

For customers who need to manage international transactions, Bank AL Habib provides both current and savings foreign currency accounts.

• Available in USD, GBP, EUR, JPY and more
• Can be used for remittances, imports, and international transfers
• Offered in both conventional and Islamic modes

6. Specialized Accounts

Apart from the standard accounts, Bank AL Habib also offers specialized accounts:

• Pensioner Account: For retired government and private employees to manage pension income
• Women Banking Account: Special account for women with exclusive benefits
• Salary Account: For employees to receive monthly salaries directly

Key Features Across All Accounts

• Free ATM/Debit Card with most accounts
• Internet and Mobile Banking facilities
• Access to over 950+ ATMs nationwide
• Profit options in savings accounts
• Shariah-compliant alternatives available

Conclusion

Bank AL Habib provides a wide variety of account types to suit the needs of different customers, whether individuals, students, pensioners, or businesses. From current and savings accounts to Islamic and foreign currency accounts, BAH offers reliable and customer-friendly banking solutions. On MoneyToTalk, we recommend exploring their account options to find the one that best suits your financial needs.