Asaan Remittance Account
The U Remit – Asaan Remittance Account (ARA) offers beneficiaries of home remittances the convenience of receiving their remittance payments directly into their accounts. This service does not require the deduction of any fees or taxes.
Account can be opened by visiting any U Bank branch across Pakistan.
Transaction Limits
Maximum Credit Balance Limit: PKR 3,000,000
Cash withdrawal Limit: PKR 500,000 per day
Fund Transfer Limit: PKR 500,000 per day to any other account
Local Credit allowed: PKR 1,000,000 per month
Commercial remittances are not allowed
Features
- Simple, short, and convenient account opening process
- Account opening from any U Bank branch across Pakistan
- Free SMS alerts
- Free E-statements
- No initial deposit requirements
- No minimum balance requirements
- No withholding tax on cash withdrawal