Last updated on December 28th, 2023 at 05:08 pm
If you’re one of the almost nine million Pakistanis living abroad, then sending money to family and friends in the old country may be something you do regularly. For example, you may need to send money to Bank Alfalah.
While many money transfer services charge high fees or apply unfair exchange rates, here at Remitly, we believe sending Pakistani rupees to the most important people in your life shouldn’t come at an extreme cost. It also needs to be convenient, which is why our service lets you transfer funds to be collected in cash at a pickup location of your choice. Alternatively, you can send money directly to a Pakistani mobile wallet or a bank account.
If your recipient has a Bank Alfalah account, here’s how you can make the transfer:
Send money to Bank Alfalah in 5 steps
Delivering funds to a Bank Alfalah account is a simple process. Here are the steps to follow:
- For first-time users, download the Remitly app and create an account. Then, select Pakistan as your destination country.
- Enter the amount you wish to send.
- Choose “Bank Deposit” as your delivery method and Bank Alfalah as your location.
- Enter your recipient’s UBL IBAN or account number.
- Enter your payment details.
You’re all set to review the details and hit send. Your PKR remittance will be swift and secure, with your friend or family member receiving SMS updates so they know when the transaction is complete.
Reasons to use Remitly to send money to Bank Alfalah
You don’t have to deal with complications or high costs when sending money to Pakistan. Make it happen with a few taps through the Remitly app, while being sure of our low transfer fees and great exchange rates.
Need to cancel a remittance for any reason? No problem–you’ll get your money back, so you can rest assured you’re in control at all times.
How quickly does money arrive at Bank Alfalah?
If sending money to Pakistan is something you have to do urgently, we have you covered. With Remitly, you can choose to have the Pakistani rupees arrive typically within minutes. Alternatively, if things aren’t pressing, you can opt for the slightly lower fee transfer which takes between three to five days.
How much money can I send to Bank Alfalah with Remitly?
It doesn’t matter whether you’re making a large Pakistani rupee transaction, or just sending a small amount to help a friend or family member out. You can make it happen with Remitly, secure in the knowledge we’ll abide by international regulations and keep your assets safe.
One way we do this is by applying sending limits. The limits for members who’ve provided the minimum verification details are as follows:
- US$2,999/€5,000/AUD$2,999/£5,000 within 24 hours
- US$10,000/€15,000/AUD$10,000/£15,000 within 30 days
- US$18,000/€50,000/AUD$18,000/£50,000 within 180 days
Keep in mind you can always increase these limits by getting in touch with some more information.
Read more: How To Safely Send Money to Pakistan in 5 Easy Steps
Is it safe to send money to Bank Alfalah with Remitly?
Anytime you send money online, it’s natural to have security concerns. At Remitly, we ringfence our members’ details with two-factor verification and personal data encryption.
This means your login details and financial transactions are kept shielded at all times. Peace of mind is also boosted by our SMS/text notifications, which let you know how your transfer’s progressing. If anything goes wrong, you’ll be refunded the money.
Read on here to know more about how security is in Remitly’s DNA.
More about Bank Alfalah
One of the biggest banks in Pakistan, Bank Alfalah has over 730 branches located throughout 200 cities–not to mention international outposts in countries such as Bangladesh, Afghanistan, and the United Arab Emirates. It offers a vast range of services, from consumer banking to corporate and investment banking, as well as Islamic financing solutions.
It’s certainly come a long way since “starting off with just a handful of branches in 1997,” to quote the current chairman. With the sheer range of accounts offered, from the basic account to special remittance accounts tailor-made for people receiving regular amounts from abroad, it’s little wonder Bank Alfalah continues to be so popular with Pakistanis.