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

By Abdul Raffay ⏐ 6 years ago ⏐

4 min read

UBL is one of Pakistan’s largest private sector bank with its headquarters located in Karachi, Pakistan, established in 1959 the bank has a total of 1390 domestic branches with 19 offshore branches. The Bank enjoys a diversified client baser of 4 million people across the world.

UBL provides its customers with the ease of internet banking facilities to manage their finances from wherever they want to.

Some of the features are mentioned below:

Funds Transfer
Payment of Utility bills
Mobile Top-up / Vouchers
Online Shopping payment
Funds Investment
School Fee Payments
Payment of UBL loans

Let’s look at 3 different types of account you can open at UBL:

Current account
Savings account
Asaan account

Current Account:

There are 2 types of people who can apply for a current account at UBL:

Salaried individual (Age limit: 18 to 70 years old)
Business owner (Age limit: 18 to 70 years old)

Salaried individual:

To apply for a current account at UBL, you need to collect the following documents:

CNIC
Proof of employment (through an employment verification letter)
Copy of your utility bills

Business owner:

Collect and submit the following documents to the bank if you want to open a current account at UBL:

CNIC
Proof of business

After you’ve submitted these documents, you’d also need to pay a minimum fee of 1000 PKR for account opening and will also need to maintain a minimum balance of 1000 PKR for account maintenance.

Features of Current Account:

Inter Branch Online Transactions all across the country
Debit/ATM Card Annual fee
Issuance of CBC
Issuance of Cheque Book
Cash Deposit over the counter
Cancellation of CC/CBC
Clean bill for Collection/Intercity Clearing
Duplicate Cashier’s Cheque/CBC
Duplicate Account Statement
Issuance of RTC (Rupee Traveler’s check)

Savings Account:

There are 2 types of people who can apply for a savings account at UBL:

Salaried individual (Age limit: 18 to 70 years old)
Business owner (Age limit: 18 to 70 years old)

Salaried individual:

To apply for a savings account at UBL, you need to collect the following documents:

CNIC
Proof of employment (through an employment verification letter)
Copy of your utility bills

Business owner:

Collect and submit the following documents to the bank if you want to open a savings account at UBL:

CNIC
Proof of business

After submitting these documents you’d also need to pay a minimum fee of 100 PKR for account opening while no minimum balance is required for account maintenance.

The projected profit rates for UBL saving account applicable from the month of august are 11.25%