Easy Guide How to open an account in United Bank Limited (UBL)

Open an account in United Bank Limited (UBL)

UBL stands for United Bank Limited. It is a Pakistani commercial bank that is an alternative to the British company Bestway Group. UBL is included in one of the largest private sector banks in Pakistan and has 1,400 branches in Pakistan and 19 overseas branches. Its headquarter is based in Karachi and has customers of 4 million people all over the world.

UBL is providing a lot of facilities to its customers

👉 Consumer Loans.

👉 Card Products.

👉 Deposit Products.

👉 Priority Banking.

👉 Corporate Banking.

👉 Investment Banking.

👉 Omni – Branchless Banking.

👉 UBL Netbanking

👉 Funds transfer

👉 Payment of Utility bills

👉 Mobile Top-up / Vouchers

👉 Online Shopping Payment

👉 Funds Investment

👉 School Fee Payments

👉 Payment of UBL loans

👉 UBL is offering 3 types of accounts.

📢 Current account

📢 Savings account

📢 Asaan account

✅ Current Account

At UBL bank only types of people can apply for current accounts.

Salaried individual

Age limit: 18 to 70 years old

Business owner

Age limit: 18 to 70 years old

☑ Salaried individual

If you want to apply for a current salaried individual then you need the following documents.

CNIC original and photocopy

Employment verification letter as employment proof

Copy of your utility bills

☑ Business owner

You need to submit the following documents to open a current account for the business owner.

CNIC

☑ Proof of business

When you submitted the following documents then after that you have to pay 1000 PKR for the opening of the account and you don’t need any specific amount for the maintenance of the account.

Features of Current Account

👉 Inter Branch Online Transactions – Country Wide
👉 Debit ATM Card service
👉 Issuance of Cashier’s Cheque
👉 Cheque Book
👉 Counter Cash Deposit
👉 Cancellation of CC/ CBC
👉 Cheque Returned Unpaid from Payee’s Account in Outward Clearing
👉 Clean bill for Collection
👉 Duplicate Cashier’s Cheque/ CBC
👉 Duplicate Account Statement
Issuance of RTC
👉 UBL Go Green SMS Alert
👉 Free Internet Banking
👉 Free Accidental Death & Disability Insurance

✅ Savings Account

There are also two types of persons who can open account of saving accounts as a current accounts.

Salaried individual

Age limit: 18 to 70 years old

Business owner

Age limit: 18 to 70 years old

☑ Salaried individual

To open an account of saving account for a salaried individual, you need the documents same as the current account.

CNIC original and photocopy

Employment verification letter as employment proof

Copy of your utility bills

☑ Business owners

Its documents are also the same as the current account that is following.

CNIC

☑ Proof of business

After submitting the documents, just pay 100 PKR for the account opening fee and you are done.

The interest rate of the MCB Islamic bank saving account is 11.25%.

Features of Savings Account:

No withdrawals limitation

Profit payment is on the basis of half year.

The calculation of profit is on a monthly average balance.

✅ Asaan Account:

If you don’t want to stand in lines and don’t want to include in a lot of formalities like providing documents for applying for an account then the Assan account is for you.

You don’t need to follow many formalities, you just need your CNIC and have to pay a 100 PKR fee for account opening, and you are done.

Features of Asaan Account

The flexibility of Opening a Current or Savings Account
No minimum balance required
No Fee for Debit Card Issuance
No Service Charges for account opening or closing
Total Debit per month up to 500,000 PKR.

Total credit balance limit up to 500,000 PKR.

These are the accounts that you can open in UBL bank. If you are interested to open any of the accounts then just go to the nearest branch of UBL and follow the steps that we tell you.

How to Open an account in United Bank Limited (UBL)