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????
how to have forst deposit in your iFast while living in Pakistan? im unable to make any international payment from my Pakistani bank account. So why os there such condition?
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 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.
@@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.
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?
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 $115 minimum
I believe you are referring to sending money in the foreign currency other than GBP in the UK, or sending money in GBP to outside the UK, or sending foreign currency outside the UK using Swift. These are quite standard charges for the UK banks. There are no fees if you send GBP payments in the UK via Faster Payments, or when you send cross currency payments via EzRemit. EzRemit is the best new service for money transfer that bypass the expensive Swift. This is something innovative for a digital bank.
Thanks for this knowledge share. Does this bank also open usd$ account too. And if no, then if usd is deposited to this account, how will it be managed. Thanks
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.
@@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
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?
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.
@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.
@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.
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
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
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.
Kya ifast sy pakistan mein paisy tranfer kr skty hain
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.
Yes I am informed that it’s currently in the pipeline to make this available soon.
How long they take to open account???
AOA, proof of address ky kiye wise bank ki statement upload ki ja sakti hai ?
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????
how to have forst deposit in your iFast while living in Pakistan? im unable to make any international payment from my Pakistani bank account. So why os there such condition?
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.
@@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.
@@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.
@@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.
what is private invitation code? i want to opn businss account.
wonderful podcast
a question, is crypto acceptable as a deposit medium in this bank?
I don't think so until you convert to one of the currencies mentioned.
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?
For funds outside the purview of bank, they won't be able to help like any other bank.
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 $115 minimum
I believe you are referring to sending money in the foreign currency other than GBP in the UK, or sending money in GBP to outside the UK, or sending foreign currency outside the UK using Swift. These are quite standard charges for the UK banks. There are no fees if you send GBP payments in the UK via Faster Payments, or when you send cross currency payments via EzRemit. EzRemit is the best new service for money transfer that bypass the expensive Swift. This is something innovative for a digital bank.
Thanks for this knowledge share. Does this bank also open usd$ account too. And if no, then if usd is deposited to this account, how will it be managed. Thanks
@@MD-rg3vh it has multi currency account
@@WaliKhan_2k thanks. I opened it with your link
Most important question for Pakistanis
Does it allow receiving transfers from Payoneer?
That is main question
@@muhammadabdullahmanzoor6172 and he isn’t answering it. Seems like paid promotion or for viewership.
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
@@helloverhere yes, but many conditions that not everyone can fulfill.
Easy hai wali bhai main nay technic dhoond lie hai
@@girl4929 pls tell or send link
@@WaliKhan_2k im following on this pls advice once you get any idea?
please tell me also @@girl4929
Can we transfer from payonerr to this ifast bank?
Yes, the bank may requests for a proof that the money is from a wallet under the same name as the iFAST account holder.
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 ?
Plz share a video how's the safest way to invest us stock market from Pakistan
if you have income from abroad, you can open the account and use this to fund broker account.
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.
@@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
Bhai ab uae mian bhi open hojata hai account as non resident. Bageer visit easy hai.
@@girl4929 which bank account?
How, can you provide details?
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?
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.
@@WaliKhan_2k Thanks a lot wali ...
You can open revolut account after landing their 😅@@jahanzebalvi9358
Will it be possible to send money to a Pakistani PKR account from my ifast bank account?
Yes, I tried it already.
Account Opening Review Process is Very very Slow, I Submit my account opening application 15 days ago but still it is pending for review.
Same here........... Is it still pending bro?
If someone transfers AED or SAR to my ifast account, it will be automatically converted to GBP as per interbank exchange rate?
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.
CAN WE OPEN A FAMILY A/C WITH 2 OR 3 MEMBERS
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.
Its only for individuals right? not for companies? Eg: i've a registered LLC in US can i open account as a company?
Yes it’s only for individuals as a savings account. Not for business. For business account, it’s currently only available for UK companies.
How much maximum money, can we transfer from pakistani bank to it, basically i wanna know the limit.
I don't think Pakistani banks allow international funds transfer outside of Pakistan as of now.
@@WaliKhan_2k If you have FCY acct in Pak, outward remittance is allowed without restrictions.
Main ek website pe kam karta hun wahan se muje payment ifast bank account main beji gai mgr ifast ne wo payment block kar di . Very bad service
Turkey is a better option. Non-residents can open bank accounts, and you could earn 30% net on FD.
which banks and would they have virtual debt cards and accept crypto payments or not
@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.
@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.
@@liveforhealthyfood al baraka supports online or not
@gnasimmunir As far as I know, online option is not available. You have to visit any branch with your passport.
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.
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
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
@@vinaykapoor7602 that’s unfortunate.
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.