Union Biz Account
Accounts that provide flexibility for small and medium sized businesses to meet their everyday banking needs, by offering zero charges and paying interest income when they maintain a minimum balance.
| Features | ||||
| Min Bal | <100k | 100k – 249.9k | 250k – 499.9k | 500k |
| Acct Maint.Fee | N1/mil | N0.75/mil | N0.50/mil | 0 |
ACCOUNT BENEFITS
- Opening balance of N20,000
- Customised clearing cheque book
- Available for all registered businesses
- Withdraw to zero balance and even overdraw account
- Access to business advisory programs / seminars
- Access to αlpher loans (discounted) & health service promos
- N500,000 balance attracts zero account maintenance fee
- Unlimited maximum debit turnover
- Free access to all our digital service platforms;
- Internet Banking
- Union 360 service platform
- Mobile Banking
ACCOUNT OPENING REQUIREMENTS
- Certificate of Incorporation
- Memorandum and Articles of Association (MEMART) (For Limited Liability Company)
- Statement of Share Capital and Return of Allotment of Shares(CO2) (For Limited Liability Company)
- Particulars of the Directors (CO7) (For Limited Liability Company)
- Application form for registration of business name (enterprise only)
- Certificate of registration (enterprise only)
- Valid means of identification(National ID, Voters Card ,Driver’s License or International Passport )
- BVN of all the signatories and any shareholder that has shareholdings above 5% (Limited companies only)
- Tax Identification Number(TIN)
- 2 references
- SCUML(where applicable)
- Utility bill
Small & Growing Biz Account
Accounts that provide flexibility for small and medium-sized businesses to meet their everyday banking needs, by offering zero charges and paying interest income when they maintain a minimum balance.
| Features | ||||
| Min Bal | < 50k | 50k – 99.99k | 100 – 249.99k | 250k & Above |
| Acct Maint. Fee | N1/mil | N0.80/mil | N0.60/mil | 0 |
ACCOUNT BENEFITS
- Opening balance of N20,000
- Customised clearing cheque book
- Available for all registered businesses
- Withdraw to zero balance and even overdraw account
- Access to business advisory programs / seminars
- Access to αlpher loans (discounted) & health service promos
- N250,000 balance attracts zero account maintenance fee
- Unlimited maximum debit turnover
- Free access to all our digital service platforms;
- Internet Banking
- Union 360 service platform
- Mobile Banking
ACCOUNT REQUIREMENTS
- Certificate of Incorporation
- Memorandum and Articles of Association (MEMART) (For Limited Liability Company)
- Statement of Share Capital and Return of Allotment of Shares(CO2) (For Limited Liability Company)
- Particulars of the Directors (CO7) (For Limited Liability Company)
- Application form for registration of business name (enterprise only)
- Certificate of registration (enterprise only)
- Valid means of identification(National ID, Voters Card ,Driver’s License or International Passport )
- BVN of all the signatories and any shareholder that has shareholdings above 5% (Limited companies only)
- Tax Identification Number(TIN)
- 2 references
- SCUML(where applicable)
- Utility bill
Union Enterprise Account
Account for micro-businesses, offering low to zero charges and allowing the business to earn interest income while operating their accounts.
| Features | |||
| Monthly debit | < ₦2m | ₦2m – 24.99m | ₦25m and above |
| Acct Maint. Fee | 0 | ₦1,000 flat fee | ₦1/mill |
ACCOUNT BENEFITS
- Opening balance of N20,000
- Minimum balance of N5,000
- Customised clearing cheque book
- Available for all registered businesses
- Zero AMF for debits less than ₦2million
- Non-borrowing account
- Access to business advisory programs / seminars
- Access to αlpher health service promos
- Monthly debit limit of ₦25million
- Free access to all our digital service platforms;
- Internet Banking
- Union 360 service platform
- Mobile Banking
ACCOUNT REQUIREMENTS
- Certificate of Incorporation
- Memorandum and Articles of Association (MEMART) (For Limited Liability Company)
- Statement of Share Capital and Return of Allotment of Shares(CO2) (For Limited Liability Company)
- Particulars of the Directors (CO7) (For Limited Liability Company)
- Application form for registration of business name (enterprise only)
- Certificate of registration (enterprise only)
- Valid means of identification(National ID, Voters Card ,Driver’s License or International Passport )
- BVN of all the signatories and any shareholder that has shareholdings above 5% (Limited companies only)
- Tax Identification Number(TIN)
- 2 references
- SCUML(where applicable)
- Utility bill
Regular Business Account
An account perfectly tailored for your business
ACCOUNT BENEFITS
- Available for all registered businesses
- Opening balance of N20,000
- Unlimited maximum debit turnover
- Customised clearing cheque book
- Free access to all our digital service platforms;
- Internet Banking
- Union 360 service platform
- Mobile Banking
- Access to business advisory programs / seminars
ACCOUNT REQUIREMENTS
- Certificate of Incorporation
- Memorandum and Articles of Association (MEMART) (For Limited Liability Company)
- Statement of Share Capital and Return of Allotment of Shares(CO2) (For Limited Liability Company)
- Particulars of the Directors (CO7) (For Limited Liability Company)
- Application form for registration of business name (enterprise only)
- Certificate of registration (enterprise only)
- Valid means of identification(National ID, Voters Card ,Driver’s License or International Passport )
- BVN of all the signatories and any shareholder that has shareholdings above 5% (Limited companies only)
- Tax Identification Number(TIN)
- 2 references
- SCUML(where applicable)
- Utility bill
Union Club & Association Account
Savings account for unregistered clubs, associations and societies with attractive interest rates. Registered clubs & associations can open and enjoy any of the other business accounts.
ACCOUNT BENEFITS
- Opening balance of N20,000
- Available to unregistered clubs and associations only
- Minimum balance of N5,000
- Zero account maintenance fee
- Non-borrowing account
- Customised cheque book (not valid for clearing)
- Access to business advisory programs/seminars
- Earn Interest on account (if you withdraw less than 4 times a month)
- Free access to all our digital service platforms;
- Internet Banking
- Union 360 service platform
- Mobile Banking
ACCOUNT REQUIREMENTS
- By-Law and Constitution
- Minutes of Meeting (showing agreement to open an account with UBN)
- 2 Passport photographs of each of the signatories
- KYC documentation such as National ID or Driver’s License or International Passport
- BVN is required for all the signatories to the account
- 2 references
- Utility bill
Union Domiciliary Account
A foreign currency account that gives customers the option to bank in any of the three global currencies (US Dollars, Euros and GB Pounds).
ACCOUNT BENEFITS
- Opening balance of $100 or its equivalent
- Allows cash deposits or withdrawals across the counter
- The account will have optional USD Travel card (for customers with sole signatory accounts).
- The customer enjoys free access to all our alternate channel services: on-line/ real time banking, and e-banking (Internet and Mobile & banking via ATMs).
- Annual Business Seminars / Business Development Trainings (Certificates of participation would be awarded)
ACCOUNT REQUIREMENTS
- Certificate of Incorporation
- Memorandum and Articles of Association (MEMART) (For Limited Liability Company)
- Statement of Share Capital and Return of Allotment of Shares(CO2) (For Limited Liability Company)
- Particulars of the Directors (CO7) (For Limited Liability Company)
- Application form for registration of business name(enterprise only)
- Certificate of registration(enterprise only)
- Valid means of identification(National ID, Voters Card ,Driver’s License or International Passport )
- BVN of all the signatories and any shareholder that has shareholdings above 5%(Limited companies only)
- Tax Identification Number(TIN)
- 2 references
- SCUML(where applicable)
- Utility bill
Fixed and Tenured Deposit
Save today and get tomorrow.
ACCOUNT BENEFITS
- Minimum deposit of N100,000
- Minimum tenor is 30 days
ACCOUNT REQUIREMENTS
- Means of identification (National ID, International Passport or Driver’s License)
- Utility Bill of Applicant (Water Rate, Tenement, Rent Receipt or Power)
- Two passport sized photographs of Applicant
SME Loans
Get short term loans on invoices issued to bank approved counterparties.
Point of Sale (POS)
POS terminals facilitate the payment and receipt of money using credit/debit cards at the point of sale.