Product Features & Benefits
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No minimum balance requirement
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Quick and hassle-free account opening
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Free online branch transactions (for current account)
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Free access to e-statement and myABL mobile & WhatsApp Banking
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Smooth inward foreign remittance
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Available in both Current and Saving variants
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Profit payout (bi-annual) for saving accounts
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Visa debit cards available (charges apply as per SOC)
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Linked foreign currency retention account available
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Account conversion not allowed
Account Opening Channels:
Special Linked Account: Exporter’s Foreign Currency Account (ESFCA)
Allied Bank also offers a linked FCY retention account to support freelancers and IT exporters. You can retain up to 50% of your foreign earnings in USD and make international business payments.
Who is Eligible?
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Pakistani nationals & entities providing digital/IT/ITeS services
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Freelancers registered with PSEB or P@SHA
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IT companies & service exporters receiving payments from abroad
Eligibility Criteria
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Individuals (including minors) with valid CNIC
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Pakistan residents offering services through online portals or platforms
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Freelancers and digital service providers, including IT & ITeS professionals
Q1. How can I open an Allied Freelancer Account?
You can open the account by visiting an ABL branch or via ABL Website or myABL Mobile App.
Q2. Can I open a Freelancer account in foreign currency?
No, but you’ll receive a linked FCY retention account (ESFCA) for holding 50% of your earnings in foreign currency.
Q3. What exchange rate is applied on foreign remittance?
Rates are declared by the bank daily for FCY to PKR conversion.
Q4. Can I deposit cash into my Freelancer account?
No. This account is funded only via foreign remittances.
Q5. What proof of income is required?
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Written self-declaration
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Website/platform used
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Nature and scope of freelance work
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Client correspondence or agreement
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Sale Tax NTN Certificate (if available)
Q6. What is Exporters’ Special Foreign Currency Account (ESFCA)?
It is a linked FCY retention account that allows you to retain up to 50% of export proceeds and make payments abroad.
Q7. Who is eligible for an FCY Freelancer/IT Exporter account?
Freelancers/IT exporters registered with PSEB or P@SHA involved in IT/ITeS exports.
Q8. Is there a transaction or balance limit?
No limit on PKR account. For ESFCA, you can retain USD 5,000/month or 50% of export proceeds, whichever is higher.