Now freelancers can easily get their work payments from anywhere in the world directly into their PKR and FCY bank accounts. Just like their work, freelancers can open a Bank Alfalah Freelancer Digital Account from the comfort of their homes, workplace or anywhere else to meet their banking needs conveniently.

Features and Benefits

• Primary FDA account will be open in PKR, however concurrently Exporters’ Special Foreign Currency Accounts (ESFCA) will also open in USD to retain some amount of their export proceeds in USD
• Freelancers shall be allowed to retain upto USD 5,000/- per month or 50% of the export proceeds, whichever is higher, in their ESFCA
• 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
• Issuance of Bank Alfalah Debit Card against PKR and FCY account*
• Issuance of Cheque Book (only for PKR Accounts)*
• Free SMS Alerts on all ADC Transactions
• Free E-statements

Eligibility Criteria for FDA account

• All individuals, resident in Pakistan, engaged in provision of any digital/online services, including IT and IT related services against which payments are received from outside Pakistan

* Service charges apply as per the Bank’s prevailing Schedule of Charges Click here to download

– Terms and conditions apply.
– Government taxes and regulatory conditions (including FE-25 regulations) are applicable as per government regulations.

Withholding Tax on Export of Services

– For details on debit card discounts click here
– This account can only be opened through Bank Alfalah RAPID Portal.