In a fast-moving digital era, people can’t afford to stand in queues to send money or to pay bills. They like the services which are meant to remove their hassles and save their time.
The same is for online banking in Pakistan. Everybody loves to receive and send instant money and pay utility bills with a click. It makes their lives easier. For example, with online banking, you can avail various discounts and deals on food, shopping, and other items. There is a list of brands that offer discounts through digital banking and the app makes it all convenient for you.
Here, choosing the best banks in Pakistan for online banking can be difficult to decide as every bank hasn’t adopted the digital medium yet. Among 35+ recognized banks of Pakistan, only a few have taken up this responsibility on their shoulders. And if we filter it more then only 5 banks in Pakistan are doing an outstanding job.
So, without further ado, let’s find out who these banks are:
Top 5 Banks in Pakistan for Online Banking
Meezan Bank
Meezan is the first and the largest Islamic bank of Pakistan. It’s operational since 2002 and still thriving to be the fastest growing financial institution in the country. With its development programs like affordable housing, Roshan digital account, and affordable car loan schemes, it never stops working for the people.
The best thing about Meezan is that all its services are aligned digitally. When you have their app, you can involve in any of the programs they offer. Sending and receiving money through the app are the basic features. You can also browse their products, avail discounts, and even pay utility bills at your fingertips. Once you setup your account in one of the largest banks of Pakistan, you’re free to avail of their services from your couches. In case, if you come across any issues, their customer service is right there to facilitate you.
Features of the App
- Funds Transfer
- Bills and Top-up
- Zakat & Donations feature
- Qibla Direction
- Discount Offers
- E-statements
So, if you’re looking for an online shariah-compliant Islamic bank in Pakistan then Meezan should be your first choice.
Meezan bank is also recognized as the best bank in Pakistan in 2020. This is the second time, the bank has taken this achievement for its fast and incredible services.
UBL
United Bank Limited was started in 1959 and is now one of the leading banks of Pakistan. It’s only because of its incredible programs and features which are beneficial for the people. It was also declared Pakistan’s ‘Best Bank for Corporate Finance & Capital Market Development’ at the Pakistan Banking Awards 2017. The bank has the highest adaptability to the customer requirements and to the need of the times.
Its digital app is no less than the best. With its amazing features like online shopping, online payments, and prepaid services, you can perform the transactions from anywhere you want. The best part is you can record the history of the transactions, screenshot it, and share it with the specific person. You can also pay on the CNIC number through this app.
Features of the App
- Mobile TopUp
- Bill Management
- Pay Anyone
- Prepaid services
- Schedule Payments
- Fee ; Voucher Payments
- Government & Online Payments
- Pay to CNIC
- Donation ; Zakat
- Online Shopping
- QR Codepay
- E-transaction history
- Cheque management
- Card management
UBL bank also provides UBL Omni and UBL Ameen to offer branchless banking and Islamic banking respectively to its customers. The loan programs are also a relief for the people. This makes UBL second in the list of top 5 banks in Pakistan 2021, isn’t so?
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HBL
Any banking list either traditional or digital is incomplete without one of the oldest banks of Pakistan – Habib Bank Limited. Originated in 1941, the bank has never stopped serving its people, especially in tough times. They are also the first to adopt the digital transformation which makes their position deserving in the top 5 banks of Pakistan. They not only provide investment opportunities but also at the forefront to empower women through their HBL Nisa program. The bank is the pioneer in the banking industry of Pakistan.
The HBL app adds to their success by making all the banking operations digital. From deals and discounts to online shopping to investment, travel, and entertainment, the digital portal is loaded with amazing features to facilitate its people. Not only this, each and every operation for which you need to visit the bank can be performed on the app. Isn’t that amazing?
Features of the App
- Mobile recharge
- Bill payment
- Loan management
- Investment plans
- Corporate payment
- QR payment
- E account statement
- Deals and discounts on everything
- Funds transfer
- Cheque book request
Alfa by Bank Alfalah
Bank Alfalah is known as one of the largest private banks in Pakistan. It was founded in 1992 but commenced its banking operations in 1997. Since then it’s working to empower its people through various mediums. It has also launched its Roshan digital accounts for overseas Pakistanis. Alfalah widely serves in two categories; business banking and personal banking. The aim is to facilitate both groups so they can reach their customer priorities on top.
Similarly, their app is an addition to their valuable services. The app name is Alfa which adds to their mission to make finances reachable to everyone. It has credible features to access your loans and bancassurance details and to apply for Alfalah products with a click. Plus, you can also order food, buy cinema/bus tickets, shop online through Alfamall, and pay the bills on the go.
Features of the App
- Initiate calls to the helpline within the app
- Cheque book request
- E-statement
- Instant funds transfer
- Pay utility bills
- One-click view of special offers
- Locate nearby Alfalah branches, ATM, or deposit machines near you
- Online shopping
Askari Bank
Owned by the Fauji Foundation group, Askari Bank commenced its operations in 1992. It has played a major role in growing the banking sector of Pakistan. The bank is never limited to one medium of growth but also focuses on various programs to promote community growth and development.
Keeping to that, the bank’s digital app allows you to involve in their online programs. whether it’s for personal finance, car loan, or mortgage finance. You won’t need to visit the branch to start your financial journey. In addition, the app is also recommended by users for its features and security measures.
Features of the App
- Utility Bills Payment
- Mobile Topups
- Funds Transfer
- Online Tickets
- Credit Card Management
- Debit Card Management
- Deals and Discounts
- ATM Locator
- Insurance Payments
Apart from these features, the app also allows you to earn reward points and redeem them to avail of fee waivers on multiple products and services.
Frequently Asked Question(s)
Which is the best bank in Pakistan for international transactions?
Standard Chartered Bank, HBL, and MCB allow you to send money internationally but you need to open a dollar account for this which can be a challenging process. That’s why it’s better to use services like Western Union or Money Gram to pay funds internationally.
Which investment banks are good in Pakistan?
Meezan and Askari bank offer shariah-compliant Islamic banking investment programs. HBL and Faysal banks are also considered to be good for investment purposes.
I prefer books and diaries more than phones and Facebook. Soulfully connected to Pakistan. And I passionately believe that I can change the world through blogging.
Most Pathetic and Ping Pong type of Customer dealing by Meezan Bank Wapda town Branch on PIA Road !! They ask u to wait for that person to go then u can coordinate with the officer thats good but then he ask u to go to that officer hes free i have other work to do !!! Whats the other work u dont need to deal the customer ???
They r suited booted Muskateers
How come Meezan is number one with less features? Just call the help line and make note of the waiting time. No evaluation criteria explained for readers to understand the ranking. This comparison lacks critical evaluation of actual banking application features. Poor and unfriendly customer service.