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Overview

Bank Alfalah Freelancer Digital Savings Account
A modern, flexible savings account designed for digital freelancers to receive work payments in both PKR and USD, with easy online account opening and attractive monthly returns.

  • Available in both PKR and USD, with a PKR primary account and a USD Exporters’ Special Foreign Currency Account (ESFCA) opened concurrently.
  • Retain up to USD 5,000 per month or 50% of export proceeds, whichever is higher, in the FCY account.
  • The funds available in the ESFCAs can be converted into PKR at any time upon the request of the customer
  • The balances held in ESFCAs may be utilized for making all personal and own work related payments of current account nature (for example, digital services, digital marketing, membership/ subscription fees, acquiring certification, study etc.) without any approval from SBP.
  • No minimum balance requirement, offering accessible banking for freelancers.
  • Receive a Debit Card for your PKR / FCY accounts as per your requirement; a Cheque Book can be issued against your PKR account (charges may apply).
  • Receive free SMS alerts on all transactions and e-Statements for convenient tracking.
  • Monthly profit on average balance with payout structure; profit-bearing savings.

Subject to government taxes, FE-25 regulations, and service charges per prevailing policy. Service charges apply as per the Bank’s prevailing Schedule of Charges.

Features & Benefits

Easy Account Opening

Specially designed for Freelancers who want to open their accounts from their homes.

Dual Account Opening

Get a PKR Freelancer Digital Account along with a USD Exporters’ Special Foreign Currency Account (ESFCA) opened at the same time.

USD Retention Facility

Retain up to USD 5,000 per month or 50% of your export proceeds (whichever is higher) in your ESFCA.

Flexible Currency Conversion

Easily convert USD to PKR anytime as per your needs.

Seamless Payments

Use your ESFCA for personal or business-related current account payments without needing SBP approval.

Profit on Savings

Earn profit on your monthly average balance with a defined payout structure. Enjoy the freedom of no balance requirement in your accounts.

Unconditional Transactional Convenience

Avail free Online Banking, Cheque Book, Banker’s Cheque & Clearing Services.

Alfa App & Web

Access your account easily through Alfa App & Web Banking.

Banking Essentials

Get a Debit Card for your PKR and FCY accounts and a Cheque Book for PKR account.

How To Open

01
Initiate Application
Provide your details & select desired banking options details
02
Provide Documents
Upload copies of your Identity documents and other relevant documents
03
Review Process
Allow the bank to verify and process your application
Account Activation
Receive confirmation of account activation and start banking
Open An Account

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