Allied Bank account opening can be done two ways: entirely online through the myPakistan Digital Account in a few minutes using just a CNIC and mobile number, or in person at any of Allied Bank's 1,533 branches with standard KYC documents.
Allied Bank account opening is one of the more flexible processes among Pakistan's major banks — ABL was among the first local banks to offer fully digital account opening, so applicants don't need to visit a branch at all for most personal account types. Below is every current, savings, digital, and exclusive account ABL offers, plus what you'll need to open one.
Current Accounts
Current accounts at Allied Bank do not earn profit but offer unlimited transactions and full cheque-book access. Options include the standard Allied Current Account, the fee-light Allied Easy Current Account, the SBP-mandated low-cost Allied Asaan Account, the Allied Basic Banking Account (for customers who cannot maintain high minimum balances), the Allied Express Account (built for fast-moving small transactions), and the Allied Freelancer Account, designed specifically for Pakistan's growing base of remote and gig-economy workers who need to receive international payments.
Savings Accounts & Profit Rates
| Account | Projected Profit Rate | Notes |
|---|---|---|
| Allied PLS Savings Account | 10.00% | Over 1.5 million customers; free DD/TT/PO above Rs 2.5m average balance |
| Allied Asaan Saving Account | 10.00% | SBP low-cost account, simplified documentation |
| Allied Rising Star (under 18) | 10.00% | For minors, opened jointly with a guardian |
| Platinum Rewarding Profit Account | 10.00%–10.00%* | Tiered by balance, up to Rs 100m+ |
*Rates are projected and variable, effective August 2026, per Allied Bank's official Projected Rates of Profit disclosure. Confirm the current rate at account opening — profit rates move with market conditions.
Digital Allied Bank Account Opening
The myPakistan Digital Account is Allied Bank's fully online onboarding product, reachable directly through rda.abl.com or the myABL app. Applicants submit CNIC details, a mobile number, and complete biometric or video-based verification without visiting a branch — a genuine differentiator, since most competing banks still require at least one in-person step for a full-service account. Existing customers can also convert or manage accounts through myABL WhatsApp Banking by messaging the bank's official WhatsApp number.
What You Need to Open an Account
Digital Opening
Valid CNIC, an active mobile number registered in your name, and a smartphone for biometric/video verification.
Branch Opening
Original CNIC, a passport-size photograph, initial deposit (varies by account), and proof of income for certain account tiers.
Freelancer / Youth Accounts
Freelancer accounts may require proof of freelance income source; youth accounts need a guardian's CNIC and the minor's B-Form.
Term Deposits
For customers who don't need instant access to funds, Allied Bank offers Allied Term Plus Deposits, the Behtar Munafa Term Deposit, Allied Express Plus 1 Term Deposit, and Foreign Currency Term Deposits in USD, GBP, and EUR — all opened against an existing current or savings account, since ABL does not accept term deposits from non-account holders.
Choosing Between a Current and Savings Account
The core trade-off at Allied Bank is the same as at any Pakistani bank: current accounts give unlimited, fee-light transaction flexibility but earn no profit, while savings accounts (PLS-based, meaning Profit and Loss Sharing) earn a projected profit rate but may cap transaction frequency or charge if you dip below a minimum average balance. For someone who runs a business and moves money daily, an Allied Current Account or Allied Business Account is the natural fit. For someone parking salary or savings and making occasional withdrawals, the Allied PLS Savings Account or Allied Asaan Saving Account is generally the better home for the money.
Exclusive Account Types & Fee Exemptions
Beyond the standard current and savings lineup, Allied Bank maintains a set of purpose-built accounts, each with its own fee-exemption grid published in the official Schedule of Charges. Meeting the balance or eligibility threshold for your account type unlocks free DD/PO/CDR issuance, free online transactions, and other perks that would otherwise cost money on a standard account:
| Account Type | Eligibility / Threshold | Key Free Perks |
|---|---|---|
| Allied Business Account | Rs 25,000 average balance (previous month) | Free DD/PO/CDR, free online cash deposit/withdrawal & A/C transfer |
| Allied Youth / Youth Asaan (18–35) | Rs 10,000 (age 18–25) / Rs 50,000 (age 26–35) minimum balance | Free Vouch 365 app; accidental death & disability insurance up to Rs 500,000; tiered free transactions by balance |
| Allied Senior Citizen (55+) | Rs 50,000 (current) / Rs 100,000 (saving) average balance | Free medical health card; accidental death/disability insurance up to Rs 500,000 (current) or Rs 300,000 (saving); hospitalization coverage |
| Allied Khanum Account (women) | No minimum balance for fee-exemption eligibility | 50% first-year locker discount; card-linked "Golootloo" discounts; 1% markup discount on consumer finance |
| Allied Freelancer Account | No minimum balance requirement | Free debit card issuance, free internet banking access, free first-year UPI & PayPak Classic card |
| Allied Salary Management / Allied Express | Salaried individuals | Free current-account services; first chequebook of 10 leaves free; 1 free IBFT/month in Tier 2 |
Confirmed from Allied Bank's official Schedule of Charges "Fee Exemption Grid," effective 01-07-2026 to 31-12-2026. Thresholds are reassessed monthly based on average balance and can change without individual notice — always check the current grid before assuming an exemption applies.
Good For
- Comparing every Allied Bank account type before choosing one
- Opening an account entirely online without a branch visit
- Checking current projected profit rates on savings products
- Understanding documentation needs for freelancer or youth accounts