Habib Bank Limited (HBL) and The Bank of Punjab have announced the imposition of monthly fees on high-value accounts, effective from December 20th. This change is reflected in the banks’ updated schedule of charges for the period from July to December 2024.
HBL has introduced a 6% monthly fee on checking accounts with balances of Rs. 5 billion and above as of the last day of the month, or the equivalent in foreign currency. Additionally, a flat fee of 3% will be applied to foreign currency accounts.
Similarly, The Bank of Punjab has implemented a flat monthly fee of 5% on all conventional savings accounts with balances of Rs. 3 billion and above, or the equivalent in foreign currency, as of the month’s end.
