HBL Current Accounts Details | Opening Charges, Balance Requirements, Maintenance Fee Explained

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HBL Current Accounts Details | Opening Charges, Balance Requirements, Maintenance Fee Explained
An HBL current account is a non-profit bearing, chequing account designed for high-frequency transactions, allowing unlimited deposits and withdrawals through various channels like debit cards, internet banking, and ATMs. HBL offers various current accounts, including conventional, Islamic, and specialized options like the Asaan (easy) and Nisa Plus accounts, with features like free services tied to maintaining a minimum average balance.
Conventional current account
For individuals and businesses: Allows for a high volume of transactions.
Unlimited transactions: Features unlimited transactions through HBL network debit cards, internet banking, and phone banking.
Average balance requirement: A monthly average balance of PKR 40,000 is required to avoid service charges and avail of benefits like free intercity cash deposits/withdrawals and free cheque books.
Other features: Includes free SMS alerts and free issuance of banker's cheques when the minimum average balance is maintained.
Islamic current account
Based on Qard: A non-profit account based on the concept of Qard, where HBL is liable to repay the deposited amount upon demand.
Shariah compliant: Funds are used in Shariah-acceptable avenues at the bank's discretion.
Variety of options: HBL offers different Islamic current accounts, such as the HBL Islamic BasicBankingAccount, HBL Islamic CurrentAccount, and HBL Islamic AsaanAccount.
Deposit and withdraw: Allows for round-the-clock deposits and withdrawals.
Specialized accounts
HBL Asaan Account: A simple current account with no minimum balance requirement and limited credit/debit transaction limits (PKR 1,000,000 each).
HBL Nisa Plus Current Account: A women-centric account that requires a monthly average balance of PKR 40,000 in the first year and PKR 45,000 thereafter to waive charges and access benefits like free insurance.
HBL Freedom Account: A conventional account with a PKR 40,000 average balance requirement to avail of numerous free services, including free intercity funds transfer and unlimited cheque books.

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