Sunday 25 September 2016

Receive a Wire Transfer in Local Bank Account Pakistan

One of the major hurdle or problem pakistani freelancer and internet entrepreneurs face, is the non-availability and support of Paypal, but it does not mean you have to lose hope and quit venturing in online world. Check my post on Payoneer Pakistan as well. The good news almost every freelancing and other earning platform in the world support wire transfer globally. Mean when you have no other option use "Wire Transfer" and the money you will withdraw will land directly into your local bank account.



Lot of freelancer, internet entrepreneurs get confused sometime, about the wire transfer requirements and such, and keep worrying about the fees and else. No Worries, wire transfer is one the safest and easiest way to receive your funds online.

What you will require to receive wire transfer in Pakistan.


1. Your IBAN (International Bank Account Number)
2. Your Complete Bank Name.
3. Your Complete Name on the Account.
4. Account Type (Current/Saving)
5. Your Complete Bank Address.
6. Swift Code.

All the above info, you can get by visiting your bank account and asking the representative about it. Also some banks provide a utility "IBAN Account Generator", which you can use to convert your conventional bank account number to a international bank account number.

Some of the good banks i will recommend for wire transfer payments in pakistan are:

1. Standard Chartered.
2. Bank Al-Habib.
3. Bank Al-Falah.

and almost all other's small and big banks in pakistan. Just be sure to provide the correct info when applying for wire transfer payment mode, because a minor error will delay the transfer and will kept you waiting.



Also if you have a Local Account it be default is a PKR Currency account, means when your dollars/euros and other currency will land in it, it will get converted to local rupees before deposited into your account. The currency exchange rate will be the one of that day when the money will arrive into your bank. So it sometime fluctuate but not that much and nothing you have to worry about.

If you want to receive dollars into your bank account in pakistan, you will need to open a foreign currency account in dollar, which have little strict requirements than a normal local bank account, but has its benefits as well.

That's all for now, drop a comment, if you have any questions, and i will reply, thanks

#wire transfer pakistan
#wire transfer in pakistan

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