With the MCB Direct, you can open your account digitally in just four simple steps.
a) Create your profile
b) Accept T&Cs
c) Upload a few documents
d) Review/ submit application

Resident Pakistanis with an active CNIC, a mobile number registered against their own CNIC and have a recent proof of income can apply for a new account digitally.

You can choose from:

1. Simplified Digital Accounts
2. Asaan Digital Account (Hint: A simplified bank account (PKR) for customers needing general banking facilities and has a maximum monthly balance limit of PKR 1 million)
3. Asaan Digital Remittance Account(Hint: A simplified bank account (PKR) that is perfectly suited for customers who regularly receive remittances from abroad. It has defined limits for account balance, deposits, withdrawals and fund transfers)
4. Bank Account of your choice
5. MCB Bank is digitally offering various tailor-made bank accounts including Freelancer Digital Account both in local currency (PKR) and in multiple foreign currencies

Account opening through MCB Direct is being offered free of cost. There are no hidden or additional charges. However, charges on any additional services such as Debit Card, Cheque Book, SMS Alerts, etc. shall apply as per prevailing Schedule of Bank Charges (SOBC).

You can apply for a wide variety of MCB Accounts in both current and savings variants in a range of currencies.

The following MCB Account can be opened digitally:

Current Account Variants
Pak Rupee	Other Foreign Currencies
MCB Asaan Digital Current Account MCB Asaan Digital Remittance Current Account MCB Freelance Digital PKR Current Account MCB Current Account MCB Basic Banking Account MCB One Current Account MCB Burqraftaar Account MCB Ladies Account MCB Senior Citizens Current Account MCB Pensioners Current Account MCB Fun Club Current Account	MCB Freelance Digital FCY Current Account

Saving Account Variants
Pak Rupee	Other Foreign Currencies
MCB Asaan Digital Savings Account MCB Asaan Digital Remittance Savings Account MCB Freelance Digital PKR Savings Account MCB Profit and Loss Sharing Account MCB Fun Club Savings Account MCB 365 Gold Account MCB Senior Citizens Savings Account MCB Pensioner Savings Account	MCB Freelance Digital FCY Savings Account

The only difference is in the way the account is opened. These accounts can be opened digitally from wherever you may be, without needing to physically visit a branch.

Unfortunately, no. As per regulatory directives, the Bank has to authenticate your mobile number with your CNIC which is mandatory for account opening.

As soon as you get an email confirming your account number, you can start using your account for transactions. You transfer funds from your existing bank accounts through Inter Bank Funds Transfer (IBFT) or Funds Transfer (FT) services or from a cash deposit conducted from any MCB Bank branch.

Upon activation of your account, you will be given 60 days to have your account biometrically verified from any branch in our wide network of 1400+ branches. Once the biometric verification of your account has been completed, there are no restrictions on your account.

Any temporarily blocked account shall be activated and regularized upon successful biometric verification and all transactional restrictions placed earlier shall be removed.

Yes, a customer can apply for multiple accounts using the digital account opening portal

Yes, Zakaat is deductible on all Savings Accounts. In order to request for Zakat exemption, you will be required to upload a Zakat Declaration Form (CZ50) at the time of documents submission.

Indicative List of Documents to Assess the Profession and Source of Income/Funds are as follows:

Self-employed/ Non-Salaried / Unemployed Persons		Employed/ Salaried Persons
Proof of Business/ Work* (Any one of the following documents should suffice)	Source of Income/ Funds* (Any one of the following documents should suffice)	Proof of Profession* (Any one of the following documents should suffice)	Source of Income/ Funds* (Any one of the following documents should suffice)
• Business/ Proprietor Letter Head; or any other Proof of Self Employment (e.g. Lawyer/ Doctor/ Consultant/ Freelancers/ Grocery Store/ Medical Store/ Labor Work etc.), OR • Partnership/ Business Deed, OR • Self-employed or unemployed women – Self-declaration, OR • Valid Student ID Card/ Letter from Educational Institute, OR • Valid Work Permit showing Business/ Nature of Work etc., OR • Self-declaration (In case of Asaan Digital Account, Asaan Digital Remittance Account and Freelancer Digital Account), OR • Any other Document evidencing the Profession	• Receipt of Payment against the Work, OR • Account Statement, OR • Particulars of Income/ Funds Providers (e.g. Family • Members/ Guardian/ Stipends/ Social Benefits etc.), OR • Tax Statement/ Return/ • Certificate, OR • Self-declaration (In case of Asaan Digital Account, Asaan Digital Remittance Account and Freelancer Digital Account), OR • Any other Document evidencing Source of Income	• Valid Job/ Employee Card, OR • Employer/ Job Certificate, OR • Employment Contract, OR • Employer Letter, OR • Work Permit showing Profession/ Employment • Details, OR • For Retired Persons, a copy of Retirement Letter/ Proof of Retirement, OR • Self-declaration (In case of Asaan Digital Account, Asaan Digital Remittance Account and Freelancer Digital Account), OR • Any other Document evidencing the Profession	• Latest Salary Slip, OR • Salary Certificate, OR • Payment Slips/ Record, OR • Account Statement, OR • Tax Statement/ Return/ Certificate, OR • For Retired Persons, an evidence of Terminal Benefits/ Pension Book etc., OR • Self-declaration (In case of Asaan Digital Account, Asaan Digital Remittance Account and Freelancer Digital Account), OR • Any other Document evidencing Source of Income
As an alternate to above, customer can provide the following as source of income/ funds:
• Inheritance, OR • Agriculture income, OR • Investment in securities, bonds, shares, etc., OR • Investment in property, OR • Rental Income, OR • Interest income		Both Salaried/ Non-Salaried/ Self-employed/ unemployed may derive their income funds from these sources as well.

*A single document showing “Proof of Profession and Source of Income/ Funds” may also suffice both the requirements.

Yes, customers can open an account in Pak Rupees. Pak Rupee Freelancer Account is offered inbelow variants:

1. Freelancer Pak Rupee Current Account (FPC)
2. Freelancer Pak Rupee Savings Account (FPS)

Free services offered on MCB Freelancer Pak Rupee Current Account are shared below:

1. Free issuance (annual & renewal) on MCB PayPak Classic & MCB PayPak Gold Debit Card
2. Free issuance only on MCB Visa Gold Plus Debit Card
3. Free Cheque book (1/month)
4. Free Online Inter City transactions (5/month)
5. Free Banker`s Cheque (2/month)

Free services offered on MCB Freelancer Pak Rupee Savings Account are shard below:

1. Free issuance on MCB PayPak Classic & MCB PayPak Gold Debit Card
2. Free Chequebook (1/month)
3. Free Online Inter City transactions (3/month)
4. Free Banker`s Cheque (1/month)

Customers will only have to bear the fixed monthly bundle service fee of PKR 1+ FED which will belevied on all Freelancer Pak Rupee Current and Savings Account against free offered services

There is no minimum balance requirement for account opening and maintenance.

The profit frequency in MCB Freelancer Pak Rupee Savings Account is quarterly and profit will becredited as per the bank`s rate sheet.

Accounts can be opened in a single and joint ownership by individuals, resident Pakistanis,engaged in provision of any digital/online services, including IT and IT related services, againstwhich payments are received from inside Pakistan.

Other than the internally and regulatory requirements of account opening for freelancers will be processed onself-declaration basis where underlying export agreements/contracts are not available. Such declaration will beobtained once at the time of opening of account.

Yes, every Freelancer maintaining PKR account with us will be open the MCB Freelancer Exporter Special ForeignCurrency Account (FEA)

The Freelancer Exporter Special Foreign Currency Account (FEA) is a non-checking US Dollar Current Accountthat can be opened in single and joint ownership by all individuals, resident Pakistanis, engaged in provision of anydigital/online services, including IT and IT related services, against which payments are received from insidePakistan.

The key features of MCB Freelancer Exporter Special Foreign Currency Account are shard below:

1. MCB Freelancer Exporter Special Foreign Currency Account is a non-checking account.
2. o cash Deposit /withdrawal from MCB Freelancer Exporter Special Foreign Currency Account shall beallowed within Pakistan.
3. Freelancers shall be allowed to retain USD 5,000/- per month or 50% of the export proceeds, whichever ishigher, in their MCB Freelancer Exporter Special Foreign Currency Account, unless the customer specificallyrequests in writing to the bank for less/ not crediting the export proceeds to the MCB Freelancer ExporterSpecial Foreign Currency Account.
4. The funds available in the Freelancer Exporter Special Foreign Currency Account can be converted into PKRat any time upon the request of the customer.