What Is a Bank Statement in Pakistan?
A bank statement (also called an account statement) is an official document your bank issues. It lists all activity in your account over a set period — usually one month. Banks in Pakistan issue statements for savings accounts, current accounts and Islamic accounts alike.
Your statement shows your opening balance, every transaction in between and your closing balance. It’s the financial equivalent of a diary — every entry has a date, a description and an amount.
Allied Bank issues statements for all account types under its portfolio. These include the Allied PLS Savings Account, current accounts, the myPakistan Digital Account and the Roshan Digital Account for overseas Pakistanis.
Part 1: The Header Section
The top of your statement identifies you and your account. This section rarely changes month to month. Here’s what you’ll find.
Part 2: The Summary Section
Just below the header, you’ll find a short summary. This gives you the big picture before you read the individual transactions.
| Summary Item | What It Means |
|---|---|
| Opening Balance | The amount in your account at the start of the period |
| Total Credits | All money deposited or received during the period |
| Total Debits | All money withdrawn or paid during the period |
| Closing Balance | The final amount at the end of the period |
The closing balance of one statement should always match the opening balance of the next. If it doesn’t, contact Allied Bank immediately via the helpline 042-111-225-225.
Some statements also show your minimum balance or average balance for the period. These matter if your account has a minimum balance requirement.
Part 3: The Transaction Table
This is the most important section. Every movement of money appears here as a separate row. Transactions are listed in date order, oldest to newest.
Column-by-Column Breakdown
Here’s what each column in an Allied Bank statement means.
| Column | What It Tells You |
|---|---|
| Date / Posting Date | When the bank recorded the transaction |
| Value Date | When the transaction actually affected your balance, sometimes different from the posting date |
| Particulars / Description / Narration | What the transaction was for — the most useful column |
| EFT Type / Channel | How the transaction was made — ATM, IBFT, POS, Mobile App, 1LINK |
| Originator / Beneficiary Name | Who sent the money (for credits) or who received it (for debits) |
| Originator / Beneficiary Bank | The other bank involved, if any |
| Debit (Dr) | Money going out of your account |
| Credit (Cr) | Money coming into your account |
| Balance | Your running balance after each transaction |
The running balance column is especially useful. It lets you see your account balance after each transaction, not just at the start and end.
Credit vs Debit — Simplified
These two words confuse a lot of people. Here’s the simplest way to remember them.
Common Transaction Descriptions in Pakistani Bank Statements
The description column uses short codes and abbreviations. Here are the ones you’ll see most often in an Allied Bank statement.
| Description | What It Means |
|---|---|
| Salary Credit / Credit Advice | Your monthly salary has been deposited |
| Cash Deposit / OTC | Cash deposited at a branch counter (Over the Counter) |
| ATM Withdrawal / 1LINK | Cash taken out at an ATM — 1LINK means it was a shared network ATM |
| IBFT | Inter-Bank Funds Transfer — money moved between two different banks |
| Funds Transfer via myABL App | A transfer you made through the myABL mobile app |
| POS / Card Payment | A debit card purchase at a shop or online |
| Bill Payment | A utility bill paid through myABL or a branch — e.g., K-Electric, SNGPL |
| Profit Credit | Profit paid on your savings balance — applies to savings and Islamic accounts |
| Bank Charges / Service Charges | Monthly account maintenance or SMS alert fees |
| Zakat / WHT | Zakat is deducted on applicable balances, or Withholding Tax on profits |
How to Get Your Allied Bank Statement
Allied Bank gives you five ways to access your account statement.
How to Verify Your Statement Is Correct
Reading your statement is one thing. Checking it for accuracy is another. Here’s a simple process.
Start with the opening balance. It should match the closing balance from your previous month’s statement exactly. Then scan each transaction description. Look for anything unfamiliar — an amount you don’t recognise, a merchant you’ve never visited or a debit with no clear description.
Check the running balance column after each large transaction. If something doesn’t add up, note the date, amount and description. Report it quickly. Allied Bank’s dispute resolution helpline is 0800-22522 (toll-free). You can also raise a complaint through the help and support page.
Unknown transactions should always be reported within a few days. The sooner you flag them, the faster the bank can investigate.
What You'll Need Your Bank Statement For
Pakistanis commonly need bank statements for several official purposes. Visa applications — especially for the UK, US, Schengen countries and the UAE — require three to six months of stamped statements. Loan applications, including Allied Home Finance and Allied Car Finance, use your statement to verify income and repayment capacity. Scholarship applications, rental agreements and government scheme eligibility checks may also require them.
For all official purposes, a branch-issued stamped copy carries more weight than a self-downloaded PDF. Keep both options available.
Frequently Asked Questions
Q. What is a bank statement in Pakistan?
A bank statement is an official document issued by your bank. It lists all transactions in your account — credits, debits, fees and balances — for a specific period, usually one month.
Q. How do I get my Allied Bank statement online?
Log in to the myABL app or myabl.com and go to the Statements section. Select your date range and download the PDF. You can also request a statement via myABL WhatsApp Banking by messaging 0300-1225225.
Q. What does IBFT mean on my bank statement?
IBFT stands for Inter Bank Funds Transfer. It means money was transferred between two different banks — for example, from your Allied Bank account to an account at another Pakistani bank.
Q. What is the difference between the posting date and the value date?
The posting date is when the bank recorded the transaction. The value date is when it actually affects your balance. For most transactions, these are the same. For some transfers, they may differ by a day.
Q. How far back can I get my Allied Bank statements?
Through the myABL app and internet banking, you can usually access statements for up to one year. For older records, visit your branch and submit a formal request. Once you know what each section of your bank statement means, reading it takes only a few minutes. Download your Allied Bank statement today through the myABL app — or visit any branch for a stamped copy if you need it for official use.