The Meezan Bank Freelancer Account – a unique personal account that enables freelancers to receive payments in PKR, EUR, USD, GBP, etc. from anywhere in the world.
Meezan Bank Freelancer Account has a withdrawal limit of up to PKR 500,000 per day or the equivalent of USD 5,000 per month as a debit/credit limit.
To open a freelancer account at Meezan Bank all you need to provide the following documents:
- Valid CNIC
- Proof of Income (could be earning proof from Fiverr, Guru.com, etc.)
- Valid mobile number registered against your CNIC.
Once you have the above documents, simply visit Meezan Bank’s official website and fill online account opening form, and your freelancer account be instantly opened.
After opening your Meezan Bank Freelancer Account you can get access to the following benefits:
- Free internet banking
- Free Chequebook
- Online branch banking
- Free mobile banking app
- Free debit card
- SMS alerts, etc.
Having stated that, let’s explore eligibility requirements, charges, limits, and the step-by-step online account opening process of the Meezan Bank Freelancer Account in detail. Let’s start our guide!
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How To Open A Meezan Bank Freelancer Account Online In Pakistan
Table of Contents
- How To Open A Meezan Bank Freelancer Account Online In Pakistan
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What Is Meezan Bank Freelancer Account?
The Meezan Freelancer Account is a specialized personal banking solution tailored for freelancers, offering both Rupee and Foreign currency account options in both Current and Savings variants.
This account is thoughtfully designed to cater exclusively to the unique financial needs of freelancers.
It provides a seamless platform for freelancers to receive payments and remittances directly into their accounts, streamlining their financial transactions.
With the Meezan Freelancer Account, freelancers can access the benefits of a full-fledged banking account, ensuring their financial affairs are managed efficiently and securely.
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Meezan Bank Freelancer Account Benefits
As per Meezan Bank, the Meezan Freelancer Account offers the following key features:
- Free Chequebook: Account holders enjoy the convenience of a complimentary Chequebook for their financial transactions.
- Free Pay Orders: The account includes free issuance of pay orders, simplifying payment processes.
- Free Internet Banking: Access to secure and user-friendly Internet banking services is provided at no additional cost.
- Online Branch Banking: Account holders can conveniently manage their finances online through the bank’s online branch services.
- Unlimited Withdrawals: Enjoy the flexibility of unlimited withdrawals, ensuring easy access to funds when needed.
- Inward Foreign Remittance: The account facilitates the receipt of inward foreign remittances, supporting international financial transactions.
- Free Meezan Mobile Banking App: Access your account on the go with the bank’s mobile banking app, enhancing convenience and accessibility.
- Debit Card: Account holders receive a debit card for ATM and point-of-sale (POS) transactions.
- SMS Alerts: Stay informed about your account activity with SMS alerts, enhancing security and awareness.
- Opportunity to Invest in Meezan Bank’s Certificate of Islamic Investments (COIIs): Account holders have the option to invest in Meezan Bank’s Certificate of Islamic Investments, offering opportunities for financial growth in compliance with Islamic principles.
- Utility Bill Payments: Easily pay utility bills, and fees, and conduct other fund transfers within Pakistan using the Meezan Internet Banking Facility and Mobile App, streamlining financial management.
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Meezan Bank Freelancer Account Requirements
To open a Meezan Bank Freelancer Account, the following requirements and verification process are in place:
i. Valid ID Document: Submit a copy of a valid identification document as specified in Section A above. This serves as proof of identity for the account holder.
ii. Proof/Source of Income: Provide copies of agreements, emails, letters, or any other documented correspondence with clients that clearly state the essential details regarding the services being offered.
iii. Verification of Client Reputation: It is necessary to ensure that the freelancer’s clients are reputable companies with established services and products.
iv. Certificate/Statement of Earnings: Submit a certificate or statement of earnings for the past three months or any other document provided by the company or client that verifies the freelancer’s employment and demonstrates the income earned during the previous three months.
v. Sales Tax Registration or NTN Certificate: If available, provide a copy of the Sales Tax Registration or National Tax Number (NTN) Certificate.
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Meezan Bank Freelancer Account Opening Process In Pakistan
The account opening process at Meezan Bank through branch onboarding involves several straightforward steps:
- Customer Visits Meezan Bank Branch: To initiate the account opening process, the customer visits a nearby Meezan Bank branch.
- Product Information: At the branch, the customer receives detailed information about the various deposit products offered by the bank.
- Deposit Product Selection: After understanding the options, the customer selects the deposit product that best suits their financial needs.
- Submission of Documents: The customer proceeds to submit the Account Opening Form along with any other required documents as per the chosen product.
- Biometric Verification: Meezan Bank’s staff carries out biometric verification of the customer, enhancing security and verifying the customer’s identity.
- Additional Information (if necessary): In cases where the customer is deemed high-risk or as part of the bank’s due diligence, additional information or documents may be requested.
- Account Activation: Once all necessary documentation and formalities are completed, the account is activated and becomes operative.
- Initial Deposit: The customer is required to provide the initial deposit amount to fund the newly opened account.
- Collection of Cheque Book and Debit Card: After the account is activated, the customer can collect their Chequebook and debit card from the branch, enabling them to access banking services and make transactions.
Meezan Bank Helpline
These are the following Contact details Of Meezan Bank Head Office.
Official Website: https://www.meezanbank.com/
Helpline: +92 21 111 331 332
Email: info@meezanbank.com
Head Office Address: Meezan House, C-25 Estate Avenue, SITE, Karachi.
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Meezan Bank Freelancer Account Pros And Cons
Pros of Meezan Bank Freelancer Account
- Simplified Account Opening: Meezan Bank simplifies the process of opening a freelancing account, reducing the administrative hassle for freelancers.
- Versatile Account Types: Meezan Bank provides freelancers with the flexibility to choose between saving and current account options.
- Islamic Banking Perspective: Meezan Bank’s Freelancer Account adheres to Islamic banking principles, making it a suitable choice for freelancers seeking financial services that comply with Shariah guidelines.
- Tailored Features: The Meezan Bank Freelancer Account is designed with freelancers in mind, offering features and services tailored to their unique needs.
- Competitive Banking Services: Meezan Bank is known for providing competitive banking services, ensuring that freelancers receive efficient and cost-effective solutions for their financial requirements.
Cons Of Meezan Bank Freelancer Account
- Limited Branch Network: Meezan Bank has a relatively smaller branch network compared to some larger commercial banks.
- Potentially Higher Fees: While Meezan Bank offers various free services for Freelancer Account holders, there might still be fees associated with certain transactions, international transfers, or additional services, which could impact the overall cost for freelancers.
- Limited International Presence: Meezan Bank’s international presence might be limited compared to larger global banks.
- Verification and Documentation Requirements: Opening a Meezan Bank Freelancer Account requires providing detailed documentation and going through verification processes.
- Limited Additional Benefits: While the Meezan Bank Freelancer Account offers essential banking services, some freelancers may seek additional benefits such as rewards programs, discounted services, or specialized financial tools that may not be extensively available with this account.
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Meezan Bank Freelancer Account | FAQs
What is the Meezan Bank Freelancer Account?
The Meezan Bank Freelancer Account is a specialized personal account designed for freelancers.
It offers features and services tailored to meet the unique needs of independent professionals, allowing them to conveniently receive work payments and manage their finances.
What is the withdrawal limit for the Meezan Bank Freelancer Account?
The withdrawal limit for the Meezan Bank Freelancer Account is up to PKR 500,000 per day or the equivalent of USD 5,000 per month as a debit/credit limit.
What documents are required to open a Meezan Bank Freelancer Account?
To open a freelancer account at Meezan Bank, you need to provide a Valid CNIC, Proof of Income (earning proof from platforms like Fiverr, Guru.com, etc.), and a valid mobile number registered against your CNIC.
How can I access my Meezan Bank Freelancer Account?
You can access your account through the Meezan Bank mobile banking app, internet banking, and at Meezan Bank branches. The mobile app provides convenience and flexibility for managing your account on the go.
What benefits does the Meezan Bank Freelancer Account offer?
The Meezan Bank Freelancer Account provides various benefits, including free Internet banking, a free checkbook, online branch banking, a free mobile banking app, a free debit card, and SMS alerts.
How can I open a Meezan Bank Freelancer Account online?
To open a Meezan Bank Freelancer Account online, visit the bank’s official website, fill out the online account opening form, and provide the required documents. The account can be instantly opened.
What currencies are supported by the Meezan Bank Freelancer Account for receiving payments?
The Meezan Bank Freelancer Account enables freelancers to receive payments in PKR, EUR, USD, GBP, etc., from anywhere in the world.
Are there any charges associated with the Meezan Bank Freelancer Account?
The guide doesn’t explicitly mention charges, but it suggests that certain fees may apply to specific transactions, international transfers, or additional services. Contact Meezan Bank for detailed information on associated charges.
Can I invest through the Meezan Bank Freelancer Account?
Yes, account holders have the opportunity to invest in Meezan Bank’s Certificate of Islamic Investments (COIIs), providing opportunities for financial growth in compliance with Islamic principles.
Is the Meezan Bank Freelancer Account compliant with Islamic banking principles?
Yes, Meezan Bank follows the principles of Islamic banking. The Freelancer Account is designed following Islamic Shariah principles, ensuring that all transactions and services offered are compliant with Islamic banking guidelines.
What types of accounts are offered under the Meezan Bank Freelancer Account?
The Meezan Bank Freelancer Account offers both Rupee and Foreign currency account options, available in both Current and Savings variants.
How can freelancers prove their income when opening a Meezan Bank Freelancer Account?
Freelancers can provide proof of income through documents such as earning proof from freelancing platforms (e.g., Fiverr, Guru.com), agreements, emails, letters, or any correspondence with clients detailing the services provided.
What is the process for biometric verification during the Meezan Bank Freelancer Account opening?
The biometric verification process involves Meezan Bank’s staff verifying the customer’s identity using biometric data, enhancing security measures during the account opening.
Does the Meezan Bank Freelancer Account support utility bill payments?
Yes, account holders can easily pay utility bills, and fees, and conduct other fund transfers within Pakistan using the Meezan Internet Banking Facility and the Mobile App
Write the Contact Details of Meezan Bank.
Contact Details of Meezan Bank:
Official Website: https://www.meezanbank.com/
Helpline: +92 21 111 331 332
Email: info@meezanbank.com
Head Office Address: Meezan House, C-25 Estate Avenue, SITE, Karachi.
What potential limitations should freelancers be aware of when opting for the Meezan Bank Freelancer Account?
Freelancers should be aware of potential limitations, including Meezan Bank’s relatively smaller branch network, possible fees associated with certain transactions, limited international presence, detailed verification and documentation requirements, and the account’s limited additional benefits.
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