Student bank account in Pakistan: which banks open one, under-18 rules and documents

Yes, you can open a student bank account in Pakistan at any age, but the route depends on whether you are 18. Under 18, a parent or guardian opens a minor’s account with your B-form and their CNIC, and they run it with you. At 18 or older, you can open your own account with a CNIC. Meezan’s Digital Asaan Student account (ages 18 to 24) opens in an app with no deposit.

Can I open a bank account under 18 in Pakistan?

Yes. Every big bank we checked has a minor’s account, but you can’t open it alone. A parent or guardian applies with you; at Allied Bank, for example, every transaction on a child’s account needs their help. MCB takes minors under 18 with a natural guardian, or under 21 with a court-appointed guardian. Faysal Bank asks for a court order if the adult opening the account isn’t the child’s legal guardian.

At 18 or older, with a CNIC, you can open your own account, including the CNIC-only Asaan accounts. The app-based accounts we checked, such as HBL’s Digital Account and Raqami, are for 18 and over.

Which bank account is best for students under 18?

These are the minor’s accounts we could confirm. Rates are for balances up to Rs 1 crore unless stated.

For the most profit, the conventional accounts beat Meezan’s Islamic ones by more than 3 percentage points (September and October 2026). That gap exists because conventional banks must pay at least 10% on individual savings, and Islamic banks share actual profit instead. See Islamic vs conventional banking.

For low spending limits, Bank AL Habib’s Rs 3,000 a day ATM limit is the tightest we found. Bank Alfalah caps card spending and withdrawals at Rs 10,000 a day and HBL at Rs 20,000.

What documents are needed for a student bank account in Pakistan?

Under 18, banks ask for:

• The child’s B-form (NADRA’s child registration certificate) or juvenile card. Faysal Bank also accepts a birth certificate or student ID card.
• The parent’s or guardian’s CNIC.
• At some banks, the parent’s or guardian’s proof of income. Allied Bank’s Rising Star asks for it.

At 18 or older:

• Meezan Digital Asaan Student: your CNIC, proof that you study (a student ID or fee voucher) and a SIM card registered in your name.
• HBL iD (ages 18 to 30): your CNIC, plus your student ID or salary slip. If you don’t earn, bring proof of income of the person who supports you.
• Allied Bank Youth Asaan (18 to 35): CNIC only.

Which bank account is best for students aged 18 and over?

Meezan’s student account is the only one in this table that we could confirm is free on all three common costs: opening deposit, debit card and SMS alerts. It’s an Asaan account, so it holds up to Rs 3 million with Rs 1 million of debits a month. That’s plenty for fees and pocket money; see Asaan account.

Some banks also waive costs for students on regular accounts. Bank Alfalah’s July to December 2026 schedule has no opening deposit and no service charges for students. Meezan’s Rupee Current Account has no opening deposit for students, and HBL’s Rs 50 low-balance charge doesn’t apply to students’ accounts.

How do I open a student bank account in Pakistan?

For opening other accounts in an app, see open a bank account online. For paying university fees or sending money, see Raast and digital banks in Pakistan.

More guides: HBL accounts, Meezan Bank accounts, UBL accounts, Allied Bank accounts, Bank AL Habib accounts, Bank Alfalah accounts, savings account profit rates, Money.