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United Bank Limited (UBL) has announced that it will cease charge. Of transaction charges on cross-border transactions. In all assets and liabilities accounts on 1st January 2021. The cross-border transactions between Pakistani customers and other banks. On accounts denominated in Pakistani Rupees will continue to be charged. At the existing rate of 20% of the balance transaction in each account. Transfer Money From UBL Digital App To Another Account
The charge of transaction fees, which is currently charged. On cross-border transactions, is to be made effective on 1st July, 2018. The bank also announced that it will no longer levy any charge. On overseas remittances to Pakistan from Pakistan on account of Pakistani Rupees. The new charge is not applicable on cash transfers via RTGS or Net Banking.
The bank had announced earlier in 2016 that it will no longer levy. Any charge on overseas remittances to Pakistan from Pakistan on account of Pakistani Rupees and subsequent to the announcement the bank has collected remittance charges on the sale of foreign exchange by other banks. UBL to other Bank Transfer Charges 2021
The UBL Remittance Charge Charge Remission Policy has also been revised to extend the period for payment of remittance charges to February 15, 2019 (effective from 1st July 2018) from January 2019 (effective from 1st January 2019). Under this revised remittance charge remission policy. The bank will also not charge an amount equal to three percent of the amount sent from Pakistan on account of non-remittance of bank charges.
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