Migrant workers sending money through authorized banking channels to family members or loved ones back in Pakistan is known as Home Remittance. U Bank’s Home Remittance service makes it quick, simple, and secure to receive remittance amounts in Pakistan.

U Bank is offering the following payment modes to receive the remittances under the domain of Home Remittances:

• Cash-over-Counter
• Instant Account Credit.
• Instant Mobile Wallet Account Credit

All home remittance payments are disbursed in Pakistani Rupees (PKR).

Yes, it is mandatory as per the State Bank of Pakistan’s regulations.

Below are the applicable limits according to the mode of payment:

• U Bank Accounts – No Limit
• Other Banks Account – No Limits
• Upaisa Account – Up to the maximum credit limit that is available on a customer’s account
• Upaisa L1-HRA Account – A maximum balance of PKR 1,500,000/- at any point of time
• Cash Over the Counter Transactions – Up to PKR 1,000,000/- per transaction

No, U Bank Home Remittance Service is totally free of charge.

No, there is no tax applicable on Home Remittance.

Conversion rates will be applied at the time of sending the remittance. The sender needs to confirm the rates with the affiliated bank or Exchange Company at the time of sending the remittance.

The beneficiary may obtain payment by presenting a NADRA token or by any other valid identity document such as a passport, driving license, etc.  In case the beneficiary does not have any document other than CNIC then by changing his or her name to a relative’s name in order to receive the remittance amount if the beneficiary’s Identity document has expired.

Sending a home remittance that is $100 or more is free if the sending entity is using the free send model. If not, the sending entity will notify you of any charges.

Only the remitting side may make amendments or corrections to the transaction. Kindly contact your sender to make the necessary corrections.

 In case of any query concerning home remittances, please contact our customer support team on following numbers:

• Toll Free: 0800-82265 within Pakistan, for International callers +92 51 111-282-265
• Email: home.remittance@ubank.com.pk

From any of the U Bank branches across Pakistan.

• Beneficiary/Receiver must come in person for the collection of funds.
• Identification Document (ID)
  • Original & Valid CNIC/NICOP/SNIC.
  • Passport: Original & Valid Passport
  • Driving License: Original & Valid
  • Original NADRA Receipt – in case the customer has expired CNIC
• Transaction Reference Number; MTCN, PIN or Reference Number to get the details of the transaction through the system.
• Expected amount in PKR; Amount that you have been notified by the sender for collection.
• Sender name; Sender’s name who remitted the money.
• Remitting country; Country name from which the money has been sent.

Beneficiary may collect the remittance from branches during business hours.

Instant credit, if in order.

Sender will provide the remitting agency/Bank the beneficiary’s IBAN/Account number, account title, and bank name.

Yes U bank has: Assan Remittance Account, Assan Digital Remittance Account, L1-Home Remittance Account.

No.

Yes, once payment is processed and credited, an SMS is sent if the remitting end provides a valid mobile number along with the payment instructions.