U Bank Cash Back Salary Transfer Account
Get Rewarded Every Month with U Bank’s Salary Transfer Account
U Microfinance Bank introduces the Cash Back Salary Transfer Account, a specially designed current account that offers salaried individuals the chance to earn cashback just by depositing their salary. It’s the perfect blend of convenience, rewards, and financial empowerment.
Key Benefits
1. Cashback on Salary Deposits
Earn up to 4% cashback on your monthly salary deposits.
Maximum cashback amount of PKR 25,000 per month.
To qualify, simply credit your salary into your U Bank account and maintain a balance of at least 30% of your salary or PKR 25,000, whichever is higher.
2. Quarterly Lucky Draws
Every new eligible customer is automatically entered into a quarterly lucky draw for a chance to win PKR 150,000 in travel vouchers.
3. Free Banking Services - Maintain an average monthly balance of PKR 25,000 to enjoy a range of free services, including:
Cheque book issuance
Pay Order / Banker’s Cheque issuance
Debit Card issuance & renewal
Free Internet & Mobile Banking
Unlimited deposits and withdrawals
Free SMS Alerts
24/7 Call Center
4. Rebate on Loan Processing Fee
Maintain a balance of PKR 50,000+ for 3 months and receive a 50% rebate on your Salary/Khudmukhtar Loan processing fee.
5. Monthly Fall Below Fee
If your account balance falls below PKR 5,000, a monthly fee of PKR 20 + FED will apply.
6. Based on initial deposit of PKR 10,000
First Free cheque book (25 leaves)
Unlimited Deposits & Withdrawal
Free SMS Alerts & E-statements
Free Internet & Mobile Banking
24/7 Call Center with complete Tele-banking services
7. Based on maintaining available balance of PKR 25,000 (All above mentioned benefits, plus)
Payorder / Bankers Cheque Issuance
Chequebook issuance
(PayPak) Debit card renewal
Eligibility Criteria
- Salaried Individuals only (income/job proof required).
- Salary must be credited via employer transfer or non-cash digital self-transfer.
- Cashback eligibility is based on credited salary and average balance maintained.
FAQs
What is the U Bank Salary Transfer Cash Back Account?
The U Bank Cash back Salary Transfer Account is a current account offering cashback rewards for salary deposits made either directly by the employer or through self-transfer by the employee.
Who is eligible for the U Bank Cash Back Salary Transfer Account?
Eligibility is any salaried individuals (government or private entity) with initial balance of PKR 5,000/- Both manual transfers and employer-directed salary deposits are eligible for cash back
How much cash back can I earn through U Bank Salary Transfer Cash Back Account?
The cashback percentage is based on your salary bracket:
- PKR 50,000 to 99.9K: 2.0%
- PKR 100,000 to 199.9K: 3.0%
- PKR 200,000 and above: 4.0%
What is Pay back frequency of U Bank Cash Back Salary Transfer Account?
After fulfilling eligibility Cash back will be credited on monthly basis.
Can I receive cashback if I manually transfer my salary into the account?
Yes, you can earn cashback if you manually transfer your salary into the account.
Is there a maximum limit on the cash back I can receive?
Yes, the maximum cash back a customer can earn is PKR 25,000.
What are the additional services available U Bank Cash Back Salary Transfer Account?
Customers maintaining average balance of PKR 25,000 or more are eligible for free services, such as pay order issuance, cheque book issuance, and PayPak debit card renewal. Other banking services will be subject to the bank’s standard service charges.
Will multiple accounts be eligible for cashback?
No, only one account per customer is eligible for cashback. Multiple accounts under the same customer will not be considered for the cashback reward.
Can I qualify for a loan rebate on U Bank Cash back Asaan Salary Transfer Account?
Yes, salaried customers maintaining an average balance of PKR 50,000 or more for three months are eligible for a 50% rebate on the processing fee when applying for a Salary or Khudmukhtar loan.