How to send money from myabl to other bank | myabl funds transfer to other bank |

The MyABL mobile app, offered by Allied Bank in Pakistan, provides a comprehensive set of features for funds transfer to other banks. Here's a breakdown of how it generally works and key information: How to Transfer Funds to Other Banks using MyABL: Download and Register: If you haven't already, download the myABL Digital Banking App from your app store (Google Play Store, Apple App Store, or Huawei App Gallery). You'll need to register with your CNIC, mobile number, and other required details. You must have an Allied Bank account with an active ATM/Debit card to use myABL. Login: Log in to your myABL mobile application. The app offers biometric login (Face ID/Touch ID) for convenience and security. Navigate to Funds Transfer: Look for the "Transfer" option on your dashboard. Select "New Transfer": Choose "New Transfer" to initiate a new transaction. Enter Recipient Details: Inter Bank Funds Transfer (IBFT): This is the most common method for sending money to other banks. You'll typically need the recipient's: Bank Name IBAN (International Bank Account Number) or Account Number Recipient's Name RAAST Transfer: MyABL also supports RAAST transfers, which is Pakistan's instant payment system. You can transfer funds using a RAAST ID (which can be linked to an account number or mobile number). RAAST transfers are often free of cost. PayAnyOne (CNIC Transfer): This feature allows you to send money to anyone's CNIC in Pakistan, even if they don't have a bank account. The beneficiary can then collect the cash from an Allied Bank branch. Enter Amount: Input the amount you wish to transfer. Review and Confirm: Carefully review all the transaction details before proceeding. OTP Verification: You will likely receive a One-Time Password (OTP) on your registered mobile number. Enter this OTP to authorize and complete the transaction. Confirmation: Once successful, you will receive a confirmation via email/SMS. Key Features Related to Funds Transfer: Instant Transfers: Funds transfers are generally effective immediately. Payee Management: You can add and manage payees (recipients) for quick and hassle-free future payments. QR Payments: MyABL supports QR payments, allowing you to make secure instant payments or transfer funds by scanning a QR code. You can also generate a dynamic QR with an amount for receiving funds. Transaction Limits: Allied Bank sets daily transaction limits for interbank fund transfers. These limits can vary based on your account type (e.g., Classic, Sapphire). You can typically view and sometimes adjust your allowed limits within the app. For myABL Personal Internet Banking, the interbank fund transfer limit can be up to PKR 500,000 for certain account types, and can go up to PKR 2 Million for enhanced limits. Security: MyABL employs strong security features, including biometric login, two-factor authentication, end-to-end encryption, and a safety pause for financial transactions. Important Notes: Always ensure you have a stable internet connection when performing transactions. Double-check all recipient details (account number, IBAN, bank name) before confirming to avoid incorrect transfers. Be aware of any transaction fees that might apply (though RAAST transfers are typically free). If you encounter any issues, contact Allied Bank's customer support. By following these steps, you can easily transfer funds from your MyABL mobile app to other banks in Pakistan. #fundstransfer #myabl #Hometechpk