ACE Money Transfer
ACE Money Transfer
14 Oct 2026
If you are living abroad and want to open a bank account in Pakistan, invest in government instruments, or simply pay bills back home without stepping foot in a bank branch, the UBL Roshan Digital Account was built for exactly that. This guide walks you through eligibility, documents, the opening process, funding methods, investment options, and fees so you can get started with confidence.
The UBL Roshan Digital Account is a multi-currency, fully online bank account designed for non resident Pakistanis and eligible foreign nationals to bank and invest in Pakistan without visiting a branch. It is part of the State Bank of Pakistan's Roshan Digital Account framework, launched in 2020 under the federal government's initiative to connect overseas Pakistanis with formal financial services. United Bank Limited (UBL) is one of the designated banks offering this digital account.
Account holders can choose from 5 foreign currencies (USD, GBP, EUR, AED, SAR) or Pakistani rupees and manage everything through UBL Netbanking and the UBL Digital App. The UBL Roshan Digital Account can be opened completely online, and most individuals receive confirmation within almost 48 hours. You do not need to visit Pakistan, a consulate, or a UBL bank branch.
Key features include:
Digital account opening from anywhere in the world
Full repatriation of funds and profits - funds can be remitted back from Pakistan without bank approval
Investment access to Naya Pakistan Certificates, mutual funds, the Pakistan Stock Exchange, and real estate
24/7 digital banking access including fund transfers and bill payments through UBL Netbanking and the UBL Digital App
No minimum balance is required for the UBL Roshan Digital Account
Both conventional and Shariah-compliant (Islamic) account types available
Before you start the application, check whether you fall into one of the eligible categories. This section helps you quickly determine if you qualify.
Eligible applicants include:
Non resident Pakistanis (NRPs) holding a valid CNIC, SNIC, or NICOP
Pakistan Origin Card holders with valid documents
Certain resident Pakistanis who have declared foreign assets in their latest tax returns (eligible only for foreign currency accounts)
Eligible foreign nationals with business or investment interests in Pakistan
Employees or officials of the Federal or Provincial Government posted abroad may also open the account, subject to applicable requirements. You need a valid ID document like CNIC or POC to proceed.
Joint accounts are allowed - for example, with a spouse, parent, or sibling - but typically require an initial email request to UBL at roshan@ubl.com.pk before formal submission. Each person must pass standard KYC and AML checks and provide proof of non-resident or foreign status.
The entire process is digital, so all documents are uploaded as scanned copies or digital photo files. Keep the following ready before you begin:
A valid Pakistani CNIC, SNIC, NICOP, or Pakistan Origin Card
Passport (Pakistani and/or foreign) - first two pages scanned
Proof of overseas residence: visa, residence permit, utility bills, or entry/exit stamps
Proof of income or source of funds: salary slip, employment letter, tax returns, or business registration documents
A live/digital photo through webcam for biometric face verification - you must upload a digital photo during the application
Signature on plain white paper, scanned and uploaded
Required documents must be in JPG, JPEG, PNG, or PDF format. Maximum file size is approximately 5 MB per file, and images should be clear, in color, and fully visible.
If you are a US tax resident or fall under FATCA/CRS jurisdictions, you will need to complete a self-declaration form. Keep your foreign bank account details handy, as UBL may request a reference account for initial funding or repatriation.
This section walks you through the process from visiting the UBL site to receiving your active account. For most individuals, the entire journey takes about 48 hours - account opening confirmation is within 48 hours for individuals.
Start by visiting the official UBL Roshan Digital Account page. Select whether you want a savings or current account, choose conventional or Islamic banking, and pick your currency - PKR or any supported foreign currency.
Next, fill in the digital account opening form with your personal details: name, contact information, current country of residence, tax residency, and employment status. Accuracy here speeds up diligence and approval.
Upload your documents: scan or take a digital photo of your ID, passport, proof of address, income documents, and signature card. Ensure each file meets the format and size requirements. You may be asked to complete an OTP or other verification step during the application process.
After submission, a UBL representative and the compliance team review your application. Upon approval, you receive your new account number and an activation link by email. Use that link to set up your UBL Netbanking username and password, then log in via web or mobile app to view your balance and start transactions.
Debit card and cheque-book requests are processed after account activation and receipt of the first remittance. Debit cards are available with PKR accounts, while FCY accounts do not offer an ATM/debit card.
The account must be funded from abroad after opening. Local deposits are generally not permitted. Resident Pakistanis with declared foreign assets may face a slightly different flow and need to provide additional proof of foreign income or assets.
The UBL Roshan Digital Account can be opened as a current or savings account, in PKR and multiple foreign currency options, with both conventional and Islamic variants. Accounts can be in Pakistani rupees or major foreign currencies - specifically USD, EUR, GBP, AED, and SAR. Availability may change, so confirm on UBL's site.
Roshan Digital Account holders can maintain eligible PKR and foreign-currency RDA accounts and transfer funds between them, subject to applicable requirements. Exchange rates fluctuate, and the rate you receive may differ from any rates quoted. Always check the live rate at acemoneytransfer.com before sending.
Essential digital banking features include:
Funds transfer within UBL and interbank transfers across Pakistan
International remittances back to your own foreign bank account
Bill payments, mobile top-ups, fund transfers, donations and other digital services, with some services varying by account currency.
Debit card for eligible PKR accounts, including ATM withdrawals and purchases. FCY accounts do not currently offer an ATM/debit card.
Cheque book for rupee payments inside Pakistan
The account offers investment opportunities in government instruments and the Pakistan Stock Exchange. Account holders can invest in Naya Pakistan Certificates, and access lifestyle and consumer financing options like Roshan Apni Car for auto financing.
Profit earned on RDA deposits is tax exempt for eligible NRPs. However, profit from government bonds/certificates such as Naya Pakistan Certificates is subject to the applicable withholding tax.
The Roshan Digital Account must normally be funded from abroad. Local cash deposits by residents are restricted under SBP rules. Here are the main ways to transfer funds:
SWIFT bank transfer from your overseas bank using UBL's SWIFT code, your IBAN, and the beneficiary's name. This typically takes 2–5 working days and may involve correspondent bank charges.
In-person exchange or money transfer companies abroad. Traditional banks and money transfer providers may use different fee structures and exchange rates. Customers should compare the applicable fees, exchange rate, and total amount the recipient will receive before confirming a transfer. Exchange rate fees may apply when transferring money.
Online transfer providers that deposit directly into your UBL Roshan Digital Account. The FCA requires financial promotions to be fair, clear and not misleading under its COBS 4.2 rules. When comparing money transfer providers, customers should review the applicable fees, exchange rates, transfer times and recipient amounts using each provider’s published information. Transfer fees vary by provider, sending country, payment method, and corridor. UBL does not charge for inward remittances through banking channels, although correspondent-bank charges may apply.
Ace Money Transfer is a practical option for funding your account. Here is how the process works:
Register or log in using your email, Google, or Apple ID
Choose Pakistan as your destination country and select bank deposit as the payout method
Enter your UBL Roshan Digital Account or IBAN details as the recipient
Select a payment method - debit card, credit card, or online bank transfer
Add a payment reason, confirm the exchange rate and fee, then click Pay Now
Track your transfer in real-time using the reference tracking number provided
Once funds arrive, they appear in your PKR or foreign currency balance depending on account type. You can then convert funds, invest, pay bills, or repatriate money. Only funds originating from abroad or from other Roshan or NRP accounts are generally allowed.
The real value of UBL Roshan Digital Account lies in enabling NRPs and foreign nationals to invest in Pakistan's financial markets and government instruments seamlessly.
Naya Pakistan Certificates are government-backed investment securities available in PKR, USD, GBP, EUR, SAR and AED, with tenors ranging from 3 months to 5 years. The applicable profit rates are set by the issuer and may change in accordance with the relevant terms and conditions. Returns are not guaranteed and depend on the applicable product terms. According to the State Bank of Pakistan, the minimum investment requirements for Naya Pakistan Certificates (NPCs) vary by currency. The minimum investment is USD 5,000, PKR 100,000, GBP 5,000, EUR 5,000, SAR 1,000 or AED 1,000, with additional investments permitted in specified increments. There is no maximum investment limit. Minimum investment requirements are subject to the applicable terms and conditions, with applicable multiples depending on the currency. Both conventional and Islamic versions are available, and returns are fully repatriable.
Stock market access: Roshan Digital Account holders can open a CDC account digitally and trade shares on the Pakistan Stock Exchange. Investments can be made in shares and mutual funds in Pakistan.
Mutual funds: UBL and associated asset management companies offer equity, income, and money market mutual funds subscribable and redeemable online.
Real estate: The Roshan Digital Account allows investment in Pakistani real estate, including residential and commercial property.
Lifestyle services: Roshan Apni Car (car financing), Roshan Samaaji Khidmat (charity donations), school fee payments, and routine bill management.
Each investment carries different risk, liquidity, and return profiles. NPCs are low-risk and government-backed. Equities and real estate carry higher risk and lower liquidity.
The UBL Roshan Digital Account is free to open, with no account opening or minimum balance fees. However, charges apply for using various products and services - including debit card issuance, cheque book delivery, ATM usage abroad, brokerage commissions, and mutual fund management fees. UBL publishes a schedule of charges on its website, and you should always check the latest version.
Common questions answered:
How long does account opening take? Typically within 48 hours for individuals.
Are funds and profits fully repatriable? Yes, without separate approval from the State Bank of Pakistan.
Can local residents deposit into the account? Generally no - only eligible sources from abroad or returns from investments.
Can I switch between conventional and Islamic? You typically need to open a new variant.
What if I return to Pakistan permanently? Your account may need to be re-classified under domestic banking rules.
The UBL Roshan Digital Account operates under the oversight of the State Bank of Pakistan and the federal government's policy framework. Whether you want to invest in Naya Pakistan Certificates, manage property purchases, or simply send money home for family expenses, this account keeps you financially connected to Pakistan from anywhere in the world.
Q1: Can I remotely open a UBL Roshan Digital Account?Yes, the UBL Roshan Digital Account can be opened completely online from anywhere in the world without visiting a branch.
Q2: What are the benefits of having a UBL Roshan Digital Account?The account offers multiple benefits including multi-currency options, full repatriation of funds and profits, investment opportunities in government securities and the stock market, lifestyle financing options, and 24/7 digital banking access.
Q3: Which currencies can I hold in my UBL Roshan Digital Account?You can hold your account in Pakistani Rupees or any of the five foreign currencies supported: USD, GBP, Euro, AED, and SAR.
Q4: Is there a minimum balance requirement for the UBL Roshan Digital Account?No, there is no minimum balance required to maintain the UBL Roshan Digital Account.
Q5: How can I fund my UBL Roshan Digital Account?You can fund your account through SWIFT bank transfers, in-person exchange companies, online transfer providers, or services like Ace Money Transfer.
Q6: Are profits earned on the account taxable?Profit earned on eligible RDA deposits is tax exempt for Non-Resident Pakistanis. However, profit from government bonds or certificates is subject to the applicable withholding tax.
Q7: Can I transfer funds back from Pakistan using this account?Yes, funds and profits can be remitted back from Pakistan without any approval from the bank or the State Bank of Pakistan.
Q8: What documents do I need to open the account?You will need a valid CNIC, NICOP, or Pakistan Origin Card, passport, proof of overseas residence, proof of income, and a digital photo for biometric verification.
Q9: How long does it take to open the account?Account opening confirmation is typically received within 48 hours for individuals.
Q10: Can I invest in Euro-denominated Naya Pakistan Certificates through the account?Yes, the account allows investment in Naya Pakistan Certificates denominated in multiple currencies including Euro.
If you have more questions or need assistance, please feel free to ask!
Disclaimer: This article is intended for general informational and educational purposes only and should not be construed as legal, regulatory, tax, business, or financial advice. While reasonable efforts have been made to ensure that all facts, figures, and data are accurate and valid as of the date of publication, no warranty or guarantee is given as to the ongoing completeness, accuracy, or currency of the information.
The content is based on information available at the time of publication. Regulations, government policies, market conditions, and service offerings may change over time and vary across jurisdictions and providers. As a result, some information may no longer be current or applicable. Readers should independently verify all information and consult qualified professional advisors before making any financial, legal, or business decisions.
