When you open a Union Bank Savings Account, you will enjoy the benefits of having easy access to your funds. You will receive a variable rate of interest and have the ability to withdraw funds from your account at any time. Having the ability to deposit automatic amounts into your savings account is an added benefit. In addition, you will be able to use ATMs and remittances from Union Bank’s mobile banking app. The account pays interest monthly, and you can earn more if you maintain a higher balance.
To get started, you will need to visit the branch of Union Bank and submit an account opening form. You will also need to provide a personal photo and at least two attested copies of your identity documents. These are required to verify your legal residency in the United States. Once you are able to submit the forms, you will be provided with a PDF file of the Union Bank Savings Account Opening Form.
This form will ask you for your name, date of birth, address, and state. You will also be asked to specify a preferred branch location. If you are unable to find a Union Bank branch near you, you can download the form and fill it out online. A Union Bank representative will contact you to confirm your appointment.
There are no monthly service fees for this account. However, there are some fees that may reduce your earnings. An initial deposit of $100 is required to open this account. Applicants should be 18 years of age or older. Individuals who are under 18 years of age will be eligible for a $5 bonus when they open the account.
Union Bank offers a zero-balance savings account. It is ideal for individuals who are unbanked and do not have access to a bank account. For an additional deposit of just N20,000, you can open a UnionSilver account. With a UnionSilver account, you will be able to take advantage of tiered interest rates, concessions, and special offers. Additionally, you will be able to enjoy free mobile banking, a premium debit card, and a personalised 3rd party withdrawal booklet.
Customers of Union Bank can apply for credit cards, loans, and certificates of deposit. They can also make telephone banking or online banking transactions. Depending on the type of account you choose, you will be required to provide proof of identity, including a photo ID. Moreover, all transactions must be in the US dollar.
Customers can also open a Union Bank Digital Savings Account. This account offers the same benefits as the basic savings account, but it can be opened online. Unlike the Union Bank Savings Account, the Union Digital Savings Account does not require a minimum balance. Also, it has no fees for outward remittances and has unlimited receipts through digital channels. Those who are interested in opening this type of account can do so by using the link below.
Union Bank also provides money market accounts and mortgages. The bank also has an introductory offer that allows customers to receive a 1.99% APR on a home equity line of credit for 90 days. After 90 days, the rate will adjust to a variable APR of 5.99%-6.74%.
