United National Bank, trading as United Bank Limited, is a commercial bank based in Pakistan and founded in 1959 and nationalised in 1974.
Since its establishment, the bank has expanded across the world and now operates in Switzerland, China, the United States, Tanzania, Iran, the United Arab Emirates, Qatar, Oman, Yemen and the United Kingdom.
In the United Kingdom, the bank is known as United Bank UK and offers personal and commercial banking services. The current incarnation of the UK bank was formed after United National Bank merged its UK operations with those of National Bank of Pakistan. The bank operates under the ethos ‘Treating Customers’ Fairly’.
United National Bank Products and Services
United Bank UK offers retail banking products through a network of branches to personal, business and family customers. Available services include treasury, money transfer, trade finance and Islamic banking services.
United Bank offers business customers a choice of current and savings accounts, available to a range of businesses including SMEs and retailers. Commercial loan products are also available.
Savings accounts for personal banking customers are available with terms ranging from three months to seven years, with the longer terms paying higher rates of interest. All personal savings accounts are fixed term and pay a set rate of interest over the period, although customers can choose to have their interest paid monthly or annually.
Customers can also open savings accounts compliant with Islamic finance rules – no interest is earned and deposits are not used to finance any industry not allowed under Shari’a principles.
Customers resident in the UK can send money to relatives and friends in Pakistan quickly and easily online. If the recipient has a Parde’s card, funds are credited immediately.
United National Bank Security
United Bank UK is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Deposits of up to £85,000 are covered by the Financial Services Compensation Scheme (FSCS).