There are multiple on-campus options that provide consumer-banking services to the LUMS and SDSB community:
Allied Bank and MCB Bank are both located on the ground floor of the super store building. Neither financial institutions are affiliated with the university, yet both provide convenient on-campus locations. University transactions such as student account payments, department deposits and other transactions can be conducted at both these locations.
The following financial institutions have ATM’s on campus: Allied Bank, MCB Bank, Askari Bank.
The University does not endorse a preferred financial institution and encourages students to select the institution that best meets their personal banking needs. Students can maintain accounts at their hometown bank and access balances and deposit or withdrawal funds through devices and services supported by their particular financial institutions, which can be a website, mobile app, or ATM/debit cards.
Access your bank’s ATM machines to have the ATM fees waived off. Take a few minutes to outline how to manage your money and think about your banking preferences such as location of ATMs, access to a personal banker, and what technology you are comfortable using, so you can make an informed decision on selecting the right bank for you. If traveling overseas, select a credit card that does not charge fees for international transactions.
International students who wish to open a bank account in Pakistan while studying here should consider how their account will be funded, the expenses they will pay from the Pakistani account and the method those payments will be made (check, ACH, wire, etc.). If students expect to receive money from parents or relatives from their home country, the student should ask their home bank(s) about incoming wire fees and amount of time before funds received via wire transfer will be available for the student. Conducting online research on the services and fees with financial institutions and meeting with a banker to discuss your questions will be helpful to select the right bank and services needed.