KARACHI: The cash withdrawal fees through debit cards collected by banks are a reflection of various expenses incurred by banks on services, like customer support that it provides.
When a customer withdraws cash from someone else’s ATM, the bank pays a fee to the ATM operator, and a portion of that is passed on to the customer. However, even if the ATM is operated in the same network, the bank shall have charges for other expenses, such as maintenance and security costs.
Besides, there are often also the so-called foreign transaction fees if a customer withdraws cash abroad with a debit card or makes purchases.
In Pakistan, the ATMs have become a convenient source of accessing banking services in an enthusiastic pace with the development of the digital and mobile banking. But this facility will incur different charges by different banks.
Meezan Bank Charges in Pakistan
Debit Cards (Annual Charges)
| Card Type | Revised Charges |
| Meezan VISA Debit Card | Classic Card – Rs. 3,000 Gold Card – Rs. 3,500 Platinum Card – Rs. 7,500 Infinite Card – Rs. 35,000 |
| Meezan MasterCard Debit Card | Classic Card – Rs. 3,000 Titanium Card – Rs. 4,500 World Card – Rs. 20,000 |
| Meezan Women First VISA Debit Card | Rs. 500/- for first issuance Rs. 3,000/- per annum |
| Meezan Kids & Teens VISA Debit Card | FREE for first issuance Rs. 1,250/- per annum |
| Meezan PayPak Debit Card | Rs. 2,000/- per annum |
All that is important for customers to know so they can anticipate the additional costs that might be charged to their accounts. The knowledge of the fees customers are likely to incur from the use of the card can help them be more responsible in their banking habits to avoid unnecessary costs.
SMS Alerts Charges
| Description | Revised Charges |
| Complete SMS Alerts Subscription | Rs. 1,800/- for Individual & Sole-Proprietorship Accounts Rs. 4,500/- for Company Accounts |
| Free for Meezan Senior Citizen Account | Free service |
| Meezan Rupee Current Account & Meezan Asaan Current Account | Charges apply for subsequent years per SOC |
