HBL offers overseas Pakistanis residing in foreign countries a chance to open a current or a savings account in HBL Pakistan. In addition to gaining an attractive rate of return on your savings, HBL’s HumWatan account allows you to send money safely and efficiently to family members back home.
Easy access to funds through debit card and cheque book.
Open either a current or a PLS Savings account which will enable your beneficiary to access funds across Pakistan. (In case of a PLS savings account, the profit accrual and payment convention of PLS (Profit and Loss Sharing) will be followed).
Enable relatives to access money 24 hours a day, seven days a week, from any HBL ATM. (A supplementary card is issued to relatives).
Acquire monthly PLS (Profit and loss sharing) profit (as per projected rate sheet)
Open account starting from just AED 50 or equivalent as initial deposit
Activate account in 27 clearing centre branches across Pakistan
No withholding tax deductions on profits or withdrawals
No minimum balance requirement, therefore no service charges
Some rules and restrictions apply
Funds remitted into these accounts are non-repatriable
Local credit will not be permissible in these accounts.
Zakat, wherever applicable, will be deducted as per rules.