What Is a Current Account in Pakistan?
A current account is used for high-frequency transactions salaries, business payments, online transfers and daily cash management. Unlike a savings account, it does not restrict the number of withdrawals per month and does not pay a fixed profit on the balance held. It is the account type chosen by salaried professionals, small business owners, traders and anyone who needs unrestricted access to their money.
Allied Bank offers several current account options for different customer profiles, all of which can now be opened through the digital account opening portal.
Allied Bank's Online Current Account Options
Before starting an application, it helps to know which account type fits your situation.
Allied Current Account
The standard current account for individuals and businesses. Requires an initial deposit of Rs. 1,000/- A monthly service charge of Rs. 50/- applies if the monthly average balance falls below Rs. 25,000/-.
- Cash deposit and withdrawal at any remote branch
- Online clearing collection
- Balance inquiry and account statement printing
- Manual remittances, including Demand Draft, Pay Order, Telegraphic Transfer and Allied Banker’s Cheque issuance
- Access to myABL Internet Banking
Allied Easy Current Account
No minimum balance requirement and no service charges. Suited to customers who want a current account without the MAB conditions that apply to the standard account.
Allied Asaan Account
Designed for first-time or low-income account holders. Simplified documentation and no minimum balance. Opens under SBP’s financial inclusion framework.
Allied Islamic Current Account
For customers who prefer Shariah-compliant banking, Allied Aitebar Allied Bank’s Islamic banking arm offers the Allied Islamic Current Account, which operates on the same digital onboarding platform.
Who Can Open a Current Account Online in Pakistan With Allied Bank?
The myPakistan Digital Account is open to resident Pakistanis only. You must:
- Hold a valid CNIC, SNIC or NICOP issued by NADRA
- Be physically present in Pakistan at the time of application
- Have a working email address and a camera-enabled device
Overseas Pakistanis looking to open a Pakistani bank account remotely should apply for the Roshan Digital Account instead, which is a separate SBP initiative.
Documents Required to Open a Current Account Online
| Document | Required For |
|---|---|
| CNIC / SNIC / NICOP (scanned front and back) | All account types |
| Live photograph (taken during onboarding) | All account types |
| Proof of income (salary slip, job letter or business letter) | Standard current account not required for Asaan account |
| Signature (scanned) | All account types |
If your CNIC has expired, upload the original NADRA token in its place. You must then update your record with a renewed CNIC within 30 days of receiving it.
How to Open a Current Account Online in Pakistan: Step-by-Step
The entire process runs through Allied Bank’s portal at rda.abl.com. Use a Chrome, Firefox, Safari or Microsoft Edge browser. A mobile phone or laptop with a working camera is required throughout.
You will receive a confirmation email with your application reference details.
After Submission What Happens Next?
Allied Bank reviews your application. If all documents and information are verified, your account is activated and you receive your account number and IBAN by email. Once active, you can log in to myABL Internet Banking to manage your account, pay bills, transfer funds, make mobile top-ups and access the full range of digital banking services.
Your debit card, if requested, will be dispatched to your mailing address.
Current Account vs Savings Account Which One to Open?
Current Account vs. Savings Account
| Feature | Comparison |
|---|---|
| Transaction Frequency | Current: Unlimited Savings: Unlimited |
| Profit on Balance | Current: None Savings: Yes, subject to SBP guidelines |
| Suitable For | Current: Daily banking, business, salary Savings: Building savings, earning returns |
| Minimum Balance | Current: Rs. 1,000/- initial deposit Savings: Varies by product |
| Examples at ABL | Current: Allied Current Account Savings: Allied PLS Savings Account |
If earning a return on your balance is a priority, an Allied savings account may be more appropriate. Profit rates on savings accounts vary and are subject to SBP guidelines Allied Bank does not guarantee fixed returns.
Frequently Asked Questions
Q. Can I open a current account online in Pakistan without visiting a branch?
Yes. Allied Bank's myPakistan Digital Account allows resident Pakistanis to complete the full account opening process online through the website or the myABL app without any branch visit.
Q. What documents do I need to open a current account online?
You need a valid CNIC, a live photograph taken during the onboarding session and proof of income (such as a salary slip, job letter or business letter). The Asaan account variant does not require income proof.
Q. How long does online account opening take at Allied Bank?
The application typically takes 15–30 minutes to complete. Account activation is subject to document verification by Allied Bank.
Q. What is the minimum balance for an Allied Current Account?
The Allied Current Account requires an initial deposit of Rs. 1,000/- A monthly service charge of Rs. 50/- applies if the monthly average balance falls below Rs. 25,000/-
Q. Can I open an Islamic current account online?
Yes. Allied Aitebar's Islamic current account is also available through the myPakistan Digital Account portal, allowing Shariah-compliant online account opening without a branch visit. You can start your application at any time the portal is available 24/7. To open an Allied Bank current account online, head to the myPakistan Digital Account portal directly at rda.abl.com.