Are you a freelancer looking to open a bank account in Pakistan? Well, we’ve got you covered with all the details you need to know on the top Pakistani banks for Freelancers.
The trend of freelancing in Pakistan is booming due to the COVID-19 pandemic. The Pakistani Freelancer Community ranks 4th most popular in the freelance market with an increase of 40% growth every year.
One of the significant issues the Pakistani freelancers’ were facing was the inability to open relevant bank accounts to deposit their income. However, the growing contribution of freelancers to the Pakistan economy has awarded them with a piece of great news.
Pakistani freelancers can now open bank accounts in Pakistan, making all online transactions and payments quick and straightforward.
So let’s dive into the list of banks in Pakistan that offers bank accounts dedicated to freelancers.
United Bank Limited offers Freelancer Digital Account, including all significant purchasing and payments services. You can easily open an account online without any initial deposit. All you need to have is:
- Digital Copy of your CNIC
- Your Digital Signature
- Contact Number
2. Faysal Bank
Faysal Bank carries endless opportunities to the freelancers of Pakistan via their partnership with Payoneer. The basic documentation required to open a Freelancer Lifestyle Account in Faysal Bank is:
- Original CNIC
- Utility Bill
- Certificate/Statement of Earnings of the Last 3 Months
3. Meezan Bank
Meezan Freelancer Account is available in Current and Savings variants and developed exclusively for freelancers. It is a Rupee and Foreign currency-based personal account. Freelancers can now quickly get their work payments or remittances straight into their accounts and enjoy various benefits of a full-fledged fund. To open an account you will be required to provide a copy of agreement/certificate/ letter-based correspondence that includes the following:
- Portal Name through which services are provided
- Nature of Services
- Scope of Work
- Copy of Sale Tax NTN Certificate
- Certificates / Statements of Earnings for Past 3 Months
4. JS Bank
JS Freelancers Current Account is a recent account specifically designed for freelancers operating in Pakistan. Easy transactions and reporting functions can make your life more manageable. To apply for a JS Current Bank Account, visit your nearest branch along with the following:
- Original CNIC
- Proof of Address
- 3 Invoices from the Bank’s Six Approved Platforms; Fiverr, Upwork, Toptal, Freelancers.com, Guru and Flexjobs
Through HBL Freelancer Account, you can experience a hassle-free process to open an account. This account is available for New to Bank (NTB) customers and individuals 18 and above. Also, you can open an account with PAK Rupee or foreign currency. You will only need your:
- Computerized/Smart National Identity Card (CNIC/SNIC)
6. Askari Bank
Askari bank recently announced its Digital Onboarding for the freelancers of Pakistan. The Askari Freelancer Digital Account is a hassle-free method to open a freelancer account inclusive of various banking services.
Askari Bank offers the option of opening a freelancer digital account in PKR as well as the following foreign currencies: USD, EUR, GBR, and AED. To open an account in Askari digital account, you need to have some essential documents that include the following:
- Scanned copy or original CNIC
- Digital Signature
- Evidence of work or business and source of income
- Live photo of the customer
Updated on 12/06/2023
Updated on 09/03/2022
This blog was posted on 09/02/2022 and will be updated accordingly.