ABL Biometric Cash withdrawal/Funds transfer from Account without Cheque
ABL Biometric Cash withdrawal/Funds transfer from Account without Cheque: The Bank started out in Lahore by the name Australasia Bank before independence in 1942; and became Allied Bank of Pakistan in 1974. In August 2004, because of capital reconstruction, the Bank’s ownership was transferred to a consortium comprising Ibrahim Group; therefore, it was renamed as Allied Bank Limited in 2005.
Today, with its existence of over 75 years, the Bank has built itself a foundation with a strong equity, assets and deposit base. It offers universal banking services, while placing major emphasis on retail banking. The Bank has a large network of over 1425 online branches & 1500+ ATMs in Pakistan and offers various technology-based products and services to its diverse clientele.
Normal Cash withdrawal process at Banks:
Usually, every customer debit transaction in individual (Single) accounts carried out at branch counters requires to withdraw the particular amount.
ABL introduces Unique and proficient way of cash withdrawals at branch
In order to facilitate customers, who are in a situation of emergency and urgent need of cash/fund transfer, but because of the unavailability of cheque book they cannot perform the transaction over branch counter, a unique facility of “Biomertic Cash Withdrawal /Funds transfer from Account without Cheque” has been made operational by Allied bank ltd.
With the introduction of this facility customer can be served at branches for cash withdrawals without cheque and also perform fund transfer transactions from there account after successful biometric verification and customer signed request which will be executed at branch .
Can customer visit ABL any branch 24/7 to perform transaction for cash withdrawals/fund transfer’s?
Presently those customer who have a valid Debit card can use ATM’s for withdrawals of cash/fund transfer’s by physical visit at the desired location or drive through ATM’s as installed by branch for customer facilitation.
However to take the benefit of cash withdrawals/fund transfer by ABL account holder through Biometric verification in the scenario that customer don’t have the Debit card or Cheque with him , he needs to visit branch during working hours.
Salient features of the above-mentioned diversified facility
- This facility shall be available for individual (single)/Sole proprietorship Local currency Accounts opened against CNIC/SNIC/NICOP/POC/POR (meaning Biometric verifiable identity document as issued by NADRA).
- Customer’s can person cash withdrawals and fund transfer transaction between accounts.
- A customer can only perform transaction once he is successfully Biometrically verified.
Read also:
https://accountsgala.com/paypak-debit-card-a-gateway-to-financial-convenience/
Applicable limits on such transaction’s (ABL Biometric Cash withdrawal/Funds transfer from Account without Cheque)
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