How to Open a Union Bank Savings Account

Table of Contents

union bank saving account opening

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%.

Short Term Consumer Loans

Short term consumer loans are a type of credit that allows you to borrow money for a short period of time. They are typically easy to get and offer quick cash to people who need extra funds. However, borrowers should be aware of the terms and conditions of these loans before they take out the

Read More »

Advantages and Disadvantages of Owner Financing

There are a lot of different types of owner financing. Some of the more common are wraparound, lease options, and contract for deed. Each has their own advantages and disadvantages. While owner financing isn’t usually used in every situation, it does offer a potential win-win for both parties. The biggest advantage to owner financing is

Read More »

Cash Advance Installment Loans For Bad Credit

Cash advance installment loans are a great way to get the money you need without going through the hassle of applying for a traditional loan. These small unsecured loans are designed for people who have bad credit. However, they come with a number of drawbacks, such as high interest rates and late repayment charges. The

Read More »

Education Loan Finance

Education Loan Finance is an organization that helps borrowers to finance education. It offers loans for both undergraduate and graduate students. The company has a reputation for providing affordable rates and excellent customer service. In addition to student loans, Education Loan Finance also helps parents refinance their private student loans. The company provides an easy-to-follow

Read More »

Is a $1500 Loan Right For You?

If you are looking for a quick cash solution, a $1500 loan might be a good option. It can help you cover unexpected costs, such as a medical bill, a car repair, or some other financial emergency. However, before you take out a loan, make sure you understand how it will work. The terms and

Read More »

Current Mortgage Rates Today

When you are shopping for a home, it is important to be aware of the current mortgage rates in your area. These rates affect the overall cost of the loan and the size of the monthly payments. You can use a mortgage calculator to estimate the amount of money you will need to borrow for

Read More »

Low Interest Home Loans

A low interest home loan is a great way to make mortgage payments without paying a lot of money in interest. But there are many things to consider before applying for a low interest home loan. Knowing exactly what you are getting into can save you hundreds of dollars each month. These loans are available

Read More »

How to Open a Union Bank Savings Account

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

Read More »

Short Term Investment Property Loans

If you are looking for a way to fund a house flip or investment property, short term investment property loans are a great option. The process is simple, fast and affordable. However, you must be careful. This type of financing requires trust, experience and a proven track record of success. It also takes time to

Read More »

Home Financing With Low Credit Score

You may not have the best credit score, but that doesn’t mean you can’t get a home loan. In fact, there are a lot of options for borrowing money with a low credit score, including government backed loans. If you have a bad credit score, it might be a good idea to start improving it

Read More »

No Credit Check Loans – How to Get Quick Short Term Loans

No credit check loans are a great way to get quick cash. They are designed to help people pay off bills or make a new business project a success. However, you should be aware that these loans are not guaranteed. The loan provider will look at your finances and job status to determine your repayment

Read More »

How to Get Cash Advances From Reputable Lenders

A cash advance is a convenient way to access funds when you need them. These loans are useful for unexpected costs, medical expenses, or utility bills. They are also a great way to tide you over until your next paycheck arrives. However, it’s important to make sure you can repay your loan on time. Otherwise,

Read More »