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Which bank is best For LFT in Pakistan?

Frequent Visitor
Mahnoor N Member Since: Sep 2, 2015



1. As per my experience of 3 years, HBL works best. I have faced no problems and my payments come through within 1-2 working days. 

2. Payoneer, according to me, is not very feasible. Read this:

  • It takes about a month if everything is perfect and if there are any flaws or issues while you were registering your account on Payoneer, it can take a lifetime to get the card - or even, you never get the card.
  • Payoneer charges a lot, they have card activation fee, withdrawal fees (everytime you withdraw an amount from ATM), transfer fee (when you transfer your funds from freelancing platform to Payoneer, e.g. Upwork to Payoneer), and annual fee as well.
  • There are certain withdrawal limits on ATMs and it varies from ATM to ATM. So if you have 5000USD and ATM withdrawal limit is just 20000 PKR (200USD), which is on many ATMs, that means you have to do many transaction to get 5000USD and you will be charged an ATM withdrawal fee on each transaction. So end of the day, you end up paying a lot! 

    LFT is the best option because even on large amounts you end up paying only $5 per withdrawal, and that too is charged by Upwork.

Let me know if you have any more questions.


Frequent Visitor
Sohaib T Member Since: Feb 17, 2016

When setting up an HBL account for LFT, are we required to fill the 'remittance information' field or is it not required? It says 'optional' underneath.

Vladimir G Moderator Member Since: Oct 31, 2014

Hi Sohaib,


Although optional, I'd strongly advise you to enter all the information, to ensure your bank would process your withdrawals without any delays. You can contact your bank to get further information and check about possible incoming remittance fees.


Make sure you also complete the W-8BEN tax information, which you can find by going to Settings > Tax Information.

Frequent Visitor
Ali A Member Since: Apr 8, 2017

Hi Mahnoor!
You last updated this post in January, 2016. I want to know if HBL is still working to reveive payments from Upwork. Actually I want to open a local account and wanted to know if HBL is still a good option. Waiting for your kind reply. Thanks!

Frequent Visitor
yaqoob a Member Since: Aug 10, 2015

*Top non-impacted banks on Upwork: Standard Chartered Bank (Pakistan), Habib Bank Limited, United Bank Limited, Allied Bank Limited, Bank Al Habib Limited, Askaribank Limited, Meezan Bank Limited, Dubai Islamic Bank Pakistan Limited, Faysal Bank Limited, Js Bank Limited, Bank Alfalah Limited, Summit Bank Ltd, Bankislami Pakistan Limited, Nib Bank Limited

Active Member
Azain T Member Since: Nov 29, 2015

Is it possible to open a FC account  and directly transfer funds in Dollars instead of conversion in Ruppees? Is this method of FC transfer supported?



Active Member
Sardar Atif H Member Since: Oct 27, 2015

I too am in search of same answer?

Foreign Currency Account in US Dollars?


atif habib
Active Member
Raza J Member Since: Dec 18, 2015

Please tell me which bank is most reliable & gives most on withdrawal.

Ace Contributor
Suleman I Member Since: Dec 15, 2012

Hi Raza,


Habil Bank Limited is best for bank tranfer's. I'm using this bank!

Frequent Visitor
aamir s Member Since: Mar 19, 2015

can any body tell me that how much time require for upwork lft to hbl bank as i have transfered fund to my hbl today