ATM and Transfer Charges in Pakistan (2025): A Complete Guide | Smart Paisay

ATM and Transfer Charges in Pakistan (2025): A Complete Guide

In today's digital age, understanding the costs associated with banking transactions is essential. Whether you're withdrawing cash from an ATM or transferring funds online, being aware of the associated charges can help you manage your finances more effectively. This comprehensive guide provides an overview of ATM and transfer charges in Pakistan for 2025.

ATM Withdrawal Charges

ATM withdrawal charges can vary based on your bank and whether you're using your own bank's ATM or another bank's ATM.

Same Bank ATM Withdrawals

Most banks in Pakistan offer free withdrawals from their own ATMs. For example:

HBL: Free withdrawals from HBL ATMs.
Allied Bank: Free withdrawals from Allied Bank's 1,500+ ATMs.

Other Bank ATM Withdrawals

When using another bank's ATM, a fee is typically charged. Common charges include:

HBL: Approximately PKR 23.44 to PKR 25 per transaction.
Allied Bank: Similar charges apply.

These fees are regulated by the State Bank of Pakistan (SBP) to ensure fairness across the banking sector. [Source]

International ATM Withdrawals

For international transactions, banks may charge a percentage of the withdrawal amount or a fixed fee, whichever is higher. For instance:

HBL: 3% of the amount or PKR 300, whichever is higher.
Allied Bank: 2–3% of the amount.

Interbank Funds Transfer (IBFT) Charges

Transferring funds between different banks can incur charges, especially for amounts exceeding certain limits.

SBP Guidelines

The SBP allows banks to charge a minimal fee for IBFT transactions above PKR 25,000 per month per account. The charges are capped at 0.1% of the transaction amount or PKR 200, whichever is lower. Transactions below this threshold are free. [Source]

Bank-Specific Charges

Different banks may have varying policies:

BankIslami: Free IBFT up to PKR 25,000 per month via ATM; 0.1% or PKR 200 for amounts exceeding this limit. [Source]
Meezan Bank: Similar charges apply. [Source]

Balance Inquiry and Mini Statement Charges

Checking your account balance or obtaining a mini statement may also incur charges, especially when using another bank's ATM.

BankIslami: Balance inquiry on 1Link ATM: PKR 5.63; balance inquiry receipt printing: PKR 3.00. [Source]
Meezan Bank: Balance inquiry on other bank ATMs: PKR 5 per inquiry. [Source]

Tips to Minimize Banking Charges

Use Your Own Bank's ATM: Whenever possible, use ATMs operated by your bank to avoid additional charges.
Plan Withdrawals: Make fewer, larger withdrawals to reduce the number of transactions.
Utilize Digital Banking: Use internet or mobile banking for transfers, as they may offer lower fees or free transactions within certain limits.
Stay Informed: Regularly check your bank's schedule of charges to stay updated on any changes.

Conclusion

Understanding ATM and transfer charges is crucial for effective financial management. By staying informed and making strategic choices, you can minimize unnecessary fees and make the most of your banking experience.

For more insights on managing your finances and making informed banking decisions, explore our Personal Finance section.

About Admin MC3

dis is dummy text. It is not meant to be read. Accordingly, it is difficult to figure out when to end it. But then, dis is dummy text. It is not meant to be read. Period.