Opening your first bank account as a student can seem overwhelming. Most students want an account with low or no maintenance costs, easy account opening, and modern digital banking features that make managing money simple. Fortunately, many banks in Pakistan now offer banking products specifically designed for students and young adults.
Among these options, Allied Bank stands out by offering dedicated student-friendly accounts tailored to different age groups and financial needs. In this guide, we will compare the most popular student bank accounts in Pakistan, starting with Allied Bank's accounts for minors and young adults. You'll also learn about their key features, eligibility requirements, and the benefits they offer, making it easier to choose the right account, and you will know exactly which account fits you for your banking journey.
Riaz Ahmad Divisional Head Asset & Liablity Product Development
Published 2026-07-23Last reviewed 23 July 2026Reading time 13 minutesReviewed by Product Team
Allied Student Account
Open a Student Account With Allied Bank
Rising Star Account | Asaan Account | Youth Account
What Is a Student Account in Pakistan, and Who Can Open One
A student account in Pakistan is a low-cost bank account built for young people. It usually needs a small opening deposit and gives digital access from the start. Some accounts also add insurance or education-linked discounts.
Age brackets vary from bank to bank in Pakistan. Children under 18 typically need a parent or guardian to co-manage the account. Once a student turns 18, most banks allow a fully independent account in the student’s own name.
Allied Bank Student Account Options in Pakistan
Allied Bank does not sell a single account branded “student account.” Instead, it offers two accounts that cover the whole student journey, from childhood through university and early career.
AGES 0–18
Allied Rising Star Account
Children often receive pocket money, gifts, or small earnings — and the Allied Rising Star Account helps them save it wisely. Whether you’re saving for games, school items, or fun treats, this is Pakistan’s best bank account for kids.
Account operations (such as withdrawals or deposits) are conducted with parental support to ensure safe and guided banking.
Who Can Apply
This account is for children and minors below 18 years of age. A parent or guardian must assist with all banking activities on the account.
Key Features
Daily profit is credited to a dedicated wallet account linked to the main account.
A single debit transaction is capped at PKR 100,000 for safety.
The account works with a debit card, internet banking and SMS alerts.
Free insurance cover of up to PKR 2,000,000 applies in case of an accident.
Parental or guardian assistance required for all banking activities.
Welcome Gift
First Account Certificate
Cash Box
Personalised ID Card
Birthday Gift Every Year
Global Debit Card
Two Cheque Books
Profit rates on the wallet account are variable and subject to State Bank of Pakistan (SBP) guidelines.
Documents Required
B-Form or Juvenile Card for the minor
CNIC, SNIC or NICOP for the guardian
Proof of the guardian’s income
An opening deposit of just PKR 100 makes this one of Pakistan’s most accessible accounts for children.
AGES 18–35
Allied Youth Account
The Allied Youth Account is a current account built for young adults aged 18 to 35. It pairs digital banking tools with fee waivers for students and early-career professionals.
Who Can Apply
Applicants must be aged 18 to 35, including students, self-employed individuals and working professionals. Allied Rising Star Account holders can move into this account once they turn 18.
Key Features
Two free online transactions are available every month.
Rs. 50 monthly charge applies if the balance isn’t maintained.
No monthly fee if average balance is maintained: Rs. 10,000 (age 18–25) or Rs. 50,000 (age 26–35).
The Pay Anyone feature sends money to any CNIC holder, even without a bank account.
Accidental insurance coverage of up to PKR 2,000,000 is included.
Youth-Branded Visa Debit Card
Free myABL Internet Banking
Joint Account Option
Corporate Internship Access
Free Vouch365 Premium
Free e-Statements
Discounted Personal Loan Rate
This account does not pay profit, since it operates as a current account rather than a savings account.
Documents Required
CNIC, SNIC or NICOP
Proof of income
Both accounts connect to the myABL app, so students can manage transfers, bills and balances from a phone.
LOW DOCUMENTATION
Allied Asaan Account
Allied Asaan Account is specifically designed for low-income individuals and students who require a simple and convenient banking solution for their day-to-day financial transactions. It is ideal for customers who wish to open a bank account with minimal documentation and a hassle-free account opening process. Students are only required to provide a valid CNIC, and no additional supporting documents are required to open the account.
For eligible students, the account can be opened without requiring instructions from a parent or guardian, making it easier for them to access essential banking services independently.
Key Features
Available in both Current and Savings variants
Quick account opening with just a valid ID document
No minimum balance requirement
No account maintenance charges
Currency: PKR only
Access to Visa Classic, UPI, and PayPak Debit Cards
Maximum credit balance limit: PKR 3 Million
Free online cash deposit, withdrawal, and account-to-account transfers
Free registration on myABL Internet Banking and WhatsApp Banking
Documents Required
CNIC, SNIC or NICOP
All the above-mentioned accounts connect to the myABL app, so students can manage transfers, bills and balances from a phone.
Frequently Asked Questions
Q. What is the minimum age to open a student account in Pakistan?
Most banks allow account opening from 18. Allied Bank's Rising Star Account welcomes children under 18 with a guardian's help.
Q. Can a student open an Allied Bank account without visiting a branch?
Yes. Applicants can start through the myABL app, though some documents may still need branch verification.
Q. Does Allied Bank pay profit on the Youth Account?
No. The Youth Account is a current account and does not pay profit on the balance held.
Q. Can a Rising Star Account holder move to another Allied Bank account later?
Yes. Rising Star Account holders can transition to the Allied Youth Account once they turn 18.
If you are ready to open a student account in Pakistan, Allied Bank offers a simple path forward. Visit the myABL app to start your application today.
Q. What is the difference between Allied Youth Account and Allied Youth Asaan Account?
The Allied Youth Account is a current account with no transaction limits, available after full KYC and income verification.
The Allied Youth Asaan Account requires only CNIC and has a PKR 1,000,000 debit and 3000,000 credit limit.
Q. Where can I download the Vouch 365 app?
iPhone users can download it from the Apple App Store, and Android users from the Google Play Store.
Q. How do I redeem Vouch 365 discounts?
Once activated:
Select your city to view available offers
Visit an outlet and go to the Profile tab
Redeem by entering your PIN, followed by the outlet’s PIN
Q. Where do I report issues with the Vouch 365 app?
Call the Vouch 365 Helpline: 111-486824
Q. What login details are needed to activate Vouch 365?
Use the email and phone number you provided at account opening to register on the app.
Q. What is an Asaan Account?
The Asaan Account is a simplified banking solution that allows individuals to open an account without proof of income. It is designed for low-risk customers and enables transactions even without a smartphone or internet connection, promoting financial inclusion for the unbanked population.
Q. What is the difference between Asaan Account and Asaan Mobile Account (AMA)?
The Asaan Account is opened via branch or digital channels, while the Asaan Mobile Account (AMA) is a digital wallet used primarily for mobile payments and does not require internet connectivity or a smartphone.
Q. What type of debit card is offered with the Asaan Account?
Allied Bank offers Visa Classic, UPI, and PayPak Debit Cards to Asaan Account holders—each with unique features and benefits.
Heading: Ready to Open Your Student Account?
From your first Rising Star account as a child to the Youth or Asaan Account as an adult — start your banking journey with Allied Bank today, entirely through the myABL app.
