How To Open HBL Freelancer Account Online (Limit+Charges)

An Exciting Opportunity for Freelancers! HBL, one of the leading banks in the industry, is delighted to present a game-changing opportunity for freelancers: the HBL Freelancer Account!

You just need the following documents to open the HBL Freelancer Account:

Valid CNIC/SNIC

Proof Of Income i.e. Screenshots of Fiverr, Upwork, Guru.com earnings

Key Benefits of opening a freelancer account with HBL include:

• Free Chequebook
• Free debit card
• Free e-statements
• Free Internet banking
• SMS Alerts.

So, if you want to open an HBL Freelancer Account just visit the HBL official website, locate the Digital account opening section, fill out the online application form, and your account will instantly open.

Once your freelance account is opened you can transfer up to PKR 500,000/day to any other account additionally you would have a USD 5,000 credit and debit limit per month.

Having said that let’s explore eligibility, documents, and the HBL Freelancer Account opening process in detail! Here we go!

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How To Open HBL Freelancer Account Online

Table of Contents

• How To Open HBL Freelancer Account Online
  • Eligibility Criteria Require For HBL Freelancer Account
  • Features Of HBL Freelancer Account
  • How To Open An HBL Freelancer Account
  • How To Apply For HBL Islamic Freelancing Account
  • HBL Islamic Freelancer Account Key Features
  • Documents Required For HBL Freelancer Account
  • HBL Helpline
  • Pros And Cons Of HBL Freelancer Account
    • Pros of HBL Freelancer Account
    • Cons of HBL Freelancer Account
    • HBL Freelancer Account | FAQs

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Eligibility Criteria Require For HBL Freelancer Account

To open an account, individuals are required to provide the following documents:

• Original valid CNIC (Computerized National Identity Card)
• Proof of income
• Address verification document (if the address differs from the one mentioned on the CNIC)
• Utility bill (electricity, water, gas, etc.)

Please note that the branch staff will assist you in case any additional documents are necessary based on the type of account you intend to open.

Features Of HBL Freelancer Account

The features of the HBL Freelancer Account, expressed in a non-plagiarized manner, are as follows:

• Account Type: The Freelancer Account is available as a Current account only.
• Eligibility: The account is open to individuals aged 18 years and above.
• Currency Options: The account can be opened in Pakistani Rupee (PKR) as well as in foreign currencies, including USD, GBP, and Euro.
• New to Bank (NTB) Customers: This account is exclusively offered to customers who are new to HBL.
• Required Documentation: The account can be opened using either the CNIC (Computerized National Identity Card) or SNIC (Smart National Identity Card).
• Minimum Balance: There are no minimum monthly balance requirements for this account.
• Monthly Credit and Debit Limits (Foreign Currency): For foreign currency accounts, the monthly credit and debit limit is set at USD 5,000 or the equivalent amount in another chosen currency. Debit and credit limits are applied separately.
• Cash Withdrawal Limit: The account allows a daily cash withdrawal limit of PKR 500,000 or the equivalent amount in foreign currency.
• Debit Card: For PKR accounts, the first-year PayPal Debit Card is provided free of charge. Subsequent years will incur charges. For USD accounts, a debit card is issued, and charges apply as per prevailing terms and conditions (SoBC).
• Additional Charges: All other services associated with the account will be subject to prevailing terms and conditions (SoBC) and will be charged accordingly.

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How To Open An HBL Freelancer Account

To open an HBL Bank Freelancer Account, the following steps are involved:

• Customer Verification: The customer provides verification details, including their CNIC (Computerized National Identity Card) number, CNIC Issuance Date, mobile number, and email address. This information helps in establishing the customer’s identity and contact details.
• Account Preference: The customer selects their preferred account variant, either Conventional or Islamic, as well as the type of account (Current or Savings). They also choose a specific account product and indicate their preferred branch where the account will be opened.
• Personal Information: At this stage, the customer’s basic information is captured. This includes details such as the customer’s full name, father’s name, mother’s maiden name, date of birth, and other relevant personal information. These details are necessary for identification and verification purposes.
• Additional Information: This may include their profession, field of work, and any other relevant details that help in evaluating the customer’s financial profile and risk level.
• Services Subscription: The customer is given the option to subscribe to additional services offered by the bank. These services may include E-statements, SMS alerts, and the issuance of a debit card.
• Picture Upload: In the final step, the customer is required to provide a live picture of themselves.

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How To Apply For HBL Islamic Freelancing Account

To apply for an HBL Islamic Freelancing Account, please follow these simple steps:

• Visit the official website of HBL (Habib Bank Limited) or go to your nearest HBL branch.
• Gather the required documents, including a. Original and valid CNIC (Computerized National Identity Card) or NICOP (National Identity Card for Overseas Pakistanis).b. Proof of income, such as bank statements, tax returns, or any other relevant document showcasing your freelancing earnings. c. Address verification documents, like a utility bill or rental agreement, to confirm your current address. If your address differs from what is mentioned on your CNIC, this document becomes essential.
• Complete the application form for the HBL Islamic Freelancing Account. You can either obtain the form from the branch or fill it out online if it is available on the bank’s website.
• Submit the application form along with the required documents to the HBL branch where you wish to open the account. The branch staff will guide you through the process and provide any further instructions or documents, if necessary.
• Once your application is submitted, it will undergo a verification process. This may include a background check and assessment of the provided documents.
• Upon successful verification, your HBL Islamic Freelancing Account will be opened, and you will receive the account details, including your account number and other relevant information.

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HBL Islamic Freelancer Account Key Features

Here are the key features of the HBL Islamic Freelancing Account, presented originally:

• Generous Cash Withdrawal Limit: Enjoy a daily cash withdrawal limit of PKR 500,000/- or its equivalent in other currencies, allowing you convenient access to your funds whenever you need them.
• Current Account Offering: The HBL Islamic Freelancing Account is exclusively available as a current account, providing you with the necessary flexibility to manage your freelancing finances efficiently.
• No Minimum Monthly Balance Requirement: We understand that freelancers have varying income streams, so we have eliminated the burden of maintaining a minimum monthly balance.
• Multi-Currency Account: Benefit from the convenience of opening your account in Pakistani Rupees (PKR) as well as major foreign currencies, including USD, GBP, and Euro.
• New to Bank (NTB) Customers: The HBL Islamic Freelancing Account is tailored specifically for New to Bank customers, enabling those who are new to HBL to avail themselves of this specialized account.
• Hassle-Free Account Opening: Opening an account is straightforward with the HBL Islamic Freelancing Account. Simply provide your CNIC (Computerized National Identity Card) or SNIC (Smart National Identity Card), and we’ll guide you through the process.
• Monthly Credit and Debit Limit (For FCY): If you opt for a Foreign Currency Account (FCY), your monthly credit and debit limits will be set at USD 5,000 or its equivalent in other currencies.
• Convenient Debit Card Issuance: For HBL Islamic Freelancer Digital LCY Account, a Debit Card will be issued according to the Islamic Schedule of Business Charges. Similarly, for Islamic FCY Accounts, a Debit Card will be issued exclusively for USD accounts, following the prevailing I-SoBC.
• Transparent Service Charges: All other services associated with the HBL Islamic Freelancing Account will be charged as per the prevailing Islamic Schedule of Business Charges (I-SoBC).

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Documents Required For HBL Freelancer Account

To open an HBL Freelancer Account, the following documents are typically required:

• CNIC (Computerized National Identity Card): The applicant must provide a valid CNIC issued by the National Database and Registration Authority (NADRA). This document serves as proof of the applicant’s identity.
• Proof of Income: Freelancers are required to submit proof of their income. This may include bank statements, tax returns, or any other relevant documents that demonstrate their earnings.
• Address Verification Document: A document that verifies the applicant’s residential address is necessary. Typically, a utility bill (electricity, water, gas, etc.) in the applicant’s name or a rental agreement can be used for this purpose.
• Additional Documents: Depending on the specific requirements and policies of HBL, additional documents may be requested. These can vary but may include business registration documents, freelance contracts, or any other supporting documentation related to the applicant’s freelance work.

HBL Helpline

The HBL Helpline is a customer service hotline provided by Habib Bank Limited (HBL) to assist customers with their queries, concerns, and banking-related needs.

HBL Contact Details

• Official Website: https://www.hbl.com/
• General Helpline: 111-111-425
• Email: support@hbl.com
• Address: Habib Bank Plaza, Chundrigar Road, Karachi, Sindh, Pakistan

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Pros And Cons Of HBL Freelancer Account

The HBL Freelancer Account offers several advantages and disadvantages for freelancers. Here are the pros and cons of the account:

Pros of HBL Freelancer Account

• Tailored for Freelancers: The HBL Freelancer Account is specifically designed to cater to the unique financial needs of freelancers, providing them with a dedicated banking solution.
• Currency Options: The account allows freelancers to transact in multiple currencies, including Pakistani Rupee (PKR), USD, GBP, and Euro. This feature facilitates international business transactions and simplifies payment processes.
• No Minimum Balance Requirements: Unlike some other accounts, the HBL Freelancer Account does not impose minimum balance requirements. This flexibility is beneficial for freelancers who may experience varying income levels or irregular cash flow.
• Wide Range of Services: The account offers additional services such as E-statements, SMS alerts, and debit cards, providing convenience and access to various banking facilities.
• Efficient Customer Support: HBL is known for its customer service, offering a helpline and branch network for assistance and support, ensuring that freelancers can easily address their concerns and queries.

Cons of HBL Freelancer Account

• Limited Availability: The HBL Freelancer Account may only be offered to New to Bank (NTB) customers, limiting accessibility for existing HBL customers or freelancers who have accounts with other banks.
• Documentation Requirements: Opening an HBL Freelancer Account may involve providing specific documentation, such as proof of income and address verification, which can be time-consuming and require additional effort.
• Transaction Limits: The account has certain limits, such as cash withdrawal limits and monthly credit and debit limits for foreign currency accounts.
• Charges: While specific details may vary, there are generally charges associated with certain services and transactions, which can affect the overall cost of maintaining the account.
• Islamic Variant Limitations: If opting for the Islamic variant of the account, there may be additional restrictions or guidelines to adhere to, based on Islamic banking principles.

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HBL Freelancer Account | FAQs

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