I tried opening account but be careful. According to their terms and conditions you can deposit free but to withdraw or transfer you will always have to pay per transaction $15. In calculation if you have transferred $100, it will deduct $115 minimum
@WaliKhan_2k
Ай бұрын
I believe you are referring to sending money in the foreign currency other than GBP in the UK, or sending money in GBP to outside the UK, or sending foreign currency outside the UK using Swift. These are quite standard charges for the UK banks. There are no fees if you send GBP payments in the UK via Faster Payments, or when you send cross currency payments via EzRemit. EzRemit is the best new service for money transfer that bypass the expensive Swift. This is something innovative for a digital bank.
@taimurahmad91
27 күн бұрын
Very nice video. I opened account with them recently. Seems very good. I hope they set up ACH feature for depositing in US bank accounts soon.
@WaliKhan_2k
10 күн бұрын
Yes I am informed that it’s currently in the pipeline to make this available soon.
@Underuniverse
10 күн бұрын
How long they take to open account???
@MigratewithWizTV-db6zm
17 күн бұрын
Brick and morter banks remains the reliable solution. Digital and neo banks may disappear and sometime there are no deposit protection mechanism in cross border transactions.
@WaliKhan_2k
17 күн бұрын
@@MigratewithWizTV-db6zm things are changing. In UAE, I’m all for digital banking now. For the UK, this is protected with FSCS - as any other bank.
@MigratewithWizTV-db6zm
17 күн бұрын
@@WaliKhan_2k For residents of Pak, it can only be fed from inward remittance. It would have been helpful for students moving abroad if it can be fed from local pak banks. Plus it does not have debit card or Quickpay options so on payment side it remains no no option. Its just a storage wallet for your money. If someone worries falling rupee, FCY can be opened for filers. From FCY acct, outward remittance is allowed without restrictions. I was researching the customer needs which this guys talked, in my view FCY accts in Pak are more better option.
@WaliKhan_2k
10 күн бұрын
@@MigratewithWizTV-db6zm It is not a wallet but a UK bank account with deposit protection of up to 85,000 pounds, which is much more than the deposit protection in Pakistan. The interest rates are also much better than foreign currency accounts in Pakistan and you can transfer money free of charge easily to Pakistan bank accounts and wallets, and to over 30+ currencies across the world. Therefore, if you want to keep your savings in USD, which is a strong international currency, and earn good profit rates, this is a good bank to use in well regulated and trusted jurisdiction like the UK.
@RanaAsif-d3z
12 күн бұрын
Bhai mera 1 swal GBP detail hasil krne k lye is m deposit first krna hota jase wise m krte ya without deposit mill jati, or first transfer krni prti or same apne name bank account se its true????
@DigiCreator-h8c
27 күн бұрын
Most important question for Pakistanis Does it allow receiving transfers from Payoneer?
@muhammadabdullahmanzoor6172
14 күн бұрын
That is main question
@DigiCreator-h8c
14 күн бұрын
@@muhammadabdullahmanzoor6172 and he isn’t answering it. Seems like paid promotion or for viewership.
@asifghous7984
Ай бұрын
Plz share a video how's the safest way to invest us stock market from Pakistan
@WaliKhan_2k
Ай бұрын
if you have income from abroad, you can open the account and use this to fund broker account.
@schahid957
Ай бұрын
wonderful podcast a question, is crypto acceptable as a deposit medium in this bank?
@WaliKhan_2k
Ай бұрын
I don't think so until you convert to one of the currencies mentioned.
@parvesmaurya2554
Ай бұрын
Make a video on same topic how we can open account in Dubai of same nature. any minimum money need to be there, any charges ?
@faheemkhan8293
Ай бұрын
I have tried to confirm it but could not find this bank on the FSCS website. Can you please confirm whether this bank is available in the protected list of banks in FSCS UK.
@WaliKhan_2k
Ай бұрын
@@faheemkhan8293 claims.fscs.org.uk/PreScreening/EnterDetails?_gl=1*1s5sni3*_gcl_aw*R0NMLjE3MjI2NzU3NzAuQ2p3S0NBandxcmUxQmhBcUVpd0E3ZzlRaHRvdVB0UnlSZy02VWN1MGk2RW1yZEoyWUNOS0ZBeXc0TVhKUndBeDVHM3ZScDIxOFlkM3RSb0M4NTRRQXZEX0J3RQ..*_gcl_au*NTEwMTY1MjMxLjE3MjI2NzU3NzA.*_up*MQ..&gclid=CjwKCAjwqre1BhAqEiwA7g9QhtouPtRyRg-6Ucu0i6EmrdJ2YCNKFAyw4MXJRwAx5G3vRp218Yd3tRoC854QAvD_BwE Check on this link and enter iFAST
@sidrakhan8578
Ай бұрын
Agar hmaray kahin py paisay stuck hojain for example amazon py kam krtain hue kahin deal krtay huay , so ye bank hamain us mein help karain gi? because baqi u.s mein banks help kartain hai?
@WaliKhan_2k
Ай бұрын
For funds outside the purview of bank, they won't be able to help like any other bank.
@MD-rg3vh
Ай бұрын
Thanks for this knowledge share. Does this bank also open usd$ account too. And if no, then if usd is deposited to this account, how will it be managed. Thanks
@WaliKhan_2k
Ай бұрын
@@MD-rg3vh it has multi currency account
@MD-rg3vh
Ай бұрын
@@WaliKhan_2k thanks. I opened it with your link
@alimuhammad4980
Ай бұрын
If someone transfers AED or SAR to my ifast account, it will be automatically converted to GBP as per interbank exchange rate?
@WaliKhan_2k
Ай бұрын
The transfers will be rejected/reversed because there is no AED or SAR available in your iFAST account. You need to specify one of the 7 currencies that you want to transfer to iFAST, so your sending bank will then convert AED or SAR to USD, for example.
@jahanzebalvi9358
Ай бұрын
Dear wali, what about Integrating Apple Pay or Google Wallet with the iFast Global account? i am planning to move UK next month. I want to open this account but still wonders if i will be able to pay to buy train, bus tickets or at a retail store via this account in UK?
@WaliKhan_2k
Ай бұрын
I have been informed that the multi-currency debit card will be launched by year end for UK residents so you can start to spend easily then.
@jahanzebalvi9358
Ай бұрын
@@WaliKhan_2k Thanks a lot wali ...
@Underuniverse
10 күн бұрын
You can open revolut account after landing their 😅@@jahanzebalvi9358
@talhamehmood9753
Ай бұрын
Its only for individuals right? not for companies? Eg: i've a registered LLC in US can i open account as a company?
@WaliKhan_2k
10 күн бұрын
Yes it’s only for individuals as a savings account. Not for business. For business account, it’s currently only available for UK companies.
@muhammadabdullahmanzoor6172
14 күн бұрын
Can we transfer from payonerr to this ifast bank?
@WaliKhan_2k
17 сағат бұрын
Yes, the bank may requests for a proof that the money is from a wallet under the same name as the iFAST account holder.
@alimuhammad4980
Ай бұрын
Will it be possible to send money to a Pakistani PKR account from my ifast bank account?
@WaliKhan_2k
Ай бұрын
Yes, I tried it already.
@asiqbalkhan
Ай бұрын
the google reviews for the IFAST global bank is very low and I see number of complains, please do your due diligence before engaging with such banks.
@WaliKhan_2k
Ай бұрын
As much as I know, there are no regulatory transgressions. I have seen some very good trustpilot reviews too, but I always take all such online reviews with a large pinch of salt. You have to use it yourself to know if they are really good and so far for me, I’m happy with their services
@helloverhere
Ай бұрын
Thanks for this video Can I ask if it is possible to open a bank account in Dubai without being a resident there? Thanks in advance
@WaliKhan_2k
Ай бұрын
@@helloverhere yes, but many conditions that not everyone can fulfill.
@girl4929
Ай бұрын
Easy hai wali bhai main nay technic dhoond lie hai
@WaliKhan_2k
Ай бұрын
@@girl4929 pls tell or send link
@helloverhere
Ай бұрын
@@WaliKhan_2k im following on this pls advice once you get any idea?
@DigitalPlayerss
10 күн бұрын
please tell me also @@girl4929
@liveforhealthyfood
Ай бұрын
Turkey is a better option. Non-residents can open bank accounts, and you could earn 30% net on FD.
@gnasimmunir
Ай бұрын
which banks and would they have virtual debt cards and accept crypto payments or not
@liveforhealthyfood
Ай бұрын
@gnasimmunir Kuveyt Turk Bank, Al Baraka Bank, HSBC, you could open bank account on based of your passport but you need to visit Turkey. There is not an online option.
@liveforhealthyfood
Ай бұрын
@gnasimmunir Kuveyt Turk Bank, Al Baraka Bank, HSBC, you could open bank account on based of your passport but you need to visit Turkey. This is not an online option.
@gnasimmunir
Ай бұрын
@@liveforhealthyfood al baraka supports online or not
@liveforhealthyfood
Ай бұрын
@gnasimmunir As far as I know, online option is not available. You have to visit any branch with your passport.
@sidrakhan8578
Ай бұрын
How much maximum money, can we transfer from pakistani bank to it, basically i wanna know the limit.
@WaliKhan_2k
Ай бұрын
I don't think Pakistani banks allow international funds transfer outside of Pakistan as of now.
@MigratewithWizTV-db6zm
10 күн бұрын
@@WaliKhan_2k If you have FCY acct in Pak, outward remittance is allowed without restrictions.
@girl4929
Ай бұрын
Bhai ab uae mian bhi open hojata hai account as non resident. Bageer visit easy hai.
@WaliKhan_2k
Ай бұрын
@@girl4929 which bank account?
@mfaisal333
18 күн бұрын
How, can you provide details?
@vinaykapoor7602
Ай бұрын
CAN WE OPEN A FAMILY A/C WITH 2 OR 3 MEMBERS
@WaliKhan_2k
Ай бұрын
I am not sure what the question is, however, there is not a problem until you are able to fund this from your own account elsewhere.
@humaylassad2863
29 күн бұрын
He is not giving any clear answers, he just looks hopeful. A very good question Wali you asked was for the free movement of money between UK and Pakistan, which is still under question and I think this bank too can't provide that service.
@vinaykapoor7602
Ай бұрын
WHILE IT IS GOOD THAT IFAST ALLOWS OVERSEAS PERSONS TO OPEN A/C, WHILE MY 44 YEARS OLD A.C IS BEING CLOSED BY BARCLAYS BANK U.K, GIVING REASONS OG U.K GOVT
Пікірлер: 65