UBL current accounts review
Looking for a new current account? Find out what UBL has to offer.
UBL UK offers a range of banking products for its customers, including savings accounts, buy-to-let mortgages and current accounts.
Compare UBL UK current accounts
Types of current accounts from UBL
There are 2 current accounts to choose from with UBL, the ACE Current Account and the Ameen Islamic Current Account.
ACE Current Account
Ameen Islamic Current Account
- No monthly account fees. There are no monthly maintenance fees for either current account.
- Facility to send money to Pakistan. Customers can easily send money to family and friends in Pakistan by using Internet or mobile banking or by going in to a branch.
- Islamic banking options. If you wish to, you can choose an account managed in accordance with Shariah principles.
- Multiple ways to bank. You can manage your account via Internet banking, mobile banking or at a branch.
- No monthly account fees
- Multiple ways to bank
- Facility to send money to Pakistan
- FSCS protection
- Islamic banking options available
- No arranged overdrafts
- No interest paid on in-credit balances
- UBL has a limited number of branches
-
-
-
-
-
Trading 212 launches cashback card
Investing platform Trading 212 has launched a cashback card to compete with the likes of Revolut and Chase – we take a look.
-
Tax on savings interest calculator UK
Our personal savings allowance calculator will show you whether you need to pay tax on your savings – and how much.
-
First-time buyers: Who to speak to about what
If you’re looking to buy your first property this year, here’s our breakdown of who to talk to about what from estate agents to ISA providers.
-
Revolut launches crypto trading platform for advanced traders
Revolut has launched its standalone advanced crypto trading platform – Revolut X. Learn more about fees and features here.
-
Yonder credit card now available in Manchester, Bristol and Bath
The Yonder rewards credit card has been rolled out in Manchester, Bristol and Bath, having previously only been available for customers based in London.
-
Only 1% of primary teachers think kids get enough financial education
Teachers, kids and parents are concerned about financial education in the UK – we deep dive into what this means and what to do about it.
-
Last chance to get £100 off London Blockchain Conference 2024 passes
Final chance for £100 off London Blockchain Conference 2024 passes with Finder. The even returns at the ExCeL London on May 21, 22 and 23.
-
Insufficient auto-enrolment scheme is set to leave Brits with only 53% of a comfortable retirement income
Research reveals the average pension savings through auto-enrolment will leave Brits with 53% of what’s needed for a comfortable retirement.
-
Mortgage rate change calculator: How much will my mortgage go up?
Use our mortgage rate change calculator to work out how much your mortgage payments will go up if the interest rate changes.
-
Financing gap for female entrepreneurs widens by 78% since the Rose Review in 2019
New research reveals that the financing gap for female entrepreneurs had widened by 78% since the Rose Review was published in 2019.
This is a free, everyday bank account, as long as you stay in credit. The account does not offer an arranged overdraft. If you do go into an overdraft, you will be charged an unapproved overdraft fee of £50 for each transaction that you make on your account, and the debt balance will be subject to unapproved interest charges.
You can use your account to send money to friends and family in Pakistan and manage your account by Internet or mobile banking or in a branch. You will also benefit from a named Community Relationship Manager.
A current account that is managed in accordance with Shariah principles. This means no interest is paid or charged on the account and there is no overdraft facility. Again, you can use your account to send money to Pakistan.
Benefits of opening an account with UBL
How to open an account
To be eligible for an account, you must be aged 18 or over, and you must be able to provide proof of identity, such as a passport, and proof of address, such as a utility bill or bank statement.
You can open the account by completing an application form and returning it to a branch, or by sending it by post. You can also open an account via the mobile app.
Is UBL safe?
Yes, UBL is a trading name of United National Bank Limited which is regulated by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA). All eligible deposits of up to £85,000 per person are protected under the Financial Services Compensation Scheme in the event that the bank ever went bust.
Pros and cons of UBL
Pros
Cons
Customer service information for UBL
Email support | |
---|---|
Telephone support | |
In-app or live chat | |
Contact form | |
Branch support |
Our verdict
UBL’s current accounts are likely to appeal if you want to send money to friends or family in Pakistan, whether you’re looking for an everyday bank account or you want to bank according to Shariah law. Although there are no arranged overdraft facilities available, there are also no monthly maintenance fees and you can rest assured your money will be protected by the FSCS.