Key benefits customers can avail:
-
Open an account with just Rs. 1,000
-
No zakat deduction
-
Free online cash deposit, withdrawal, and fund transfer
-
Free first cheque book (10 leaves); subsequent cheque books are also free upon maintaining the required average monthly balance
-
Free access to myABL Business Internet Banking
Additional Free Services (upon maintaining a minimum average balance of PKR 25,000):
-
Cheque/instrument deposit for clearing/collection by remote branches
-
Issuance of demand drafts / Allied Banker’s Cheque / Pay Order / Call Deposit Receipt
-
Duplicate issuance or cancellation of the above instruments
-
Intercity clearing / OBC
Open an Allied Business Account today and watch your business grow!
Q1: Who is eligible to open a Business Account?
Any businessperson, sole proprietor, partnership firm, or private/public company can open this account.
Q2: Is there any monthly balance requirement?
Yes. A minimum monthly average balance of Rs. 50,000 is required. If not maintained, only Rs. 50/- is charged. However, free services are available when maintaining just Rs. 25,000.
Q3: Are the cheque book and debit card offered for free?
- Debit Card: Issued as per the Schedule of Charges (SOC).
- Cheque Book: The first 10 leaves are free. Additional cheque books are free upon maintaining an average balance of Rs. 25,000.
Q4: Can the account’s ATM card be used at Point of Sale (POS)?
Yes, the ATM card for individual businessmen/sole proprietors can be used at all POS terminals.
Q5: Is internet banking available with this account?
Yes! myABL Business Internet Banking is available with no registration charges.
Q6: Is there any limit on the number or amount of transactions?
No, there is no limit on the number or amount of transactions.