UnionSave
With just ₦2,500 you can open a UnionSave account without any documentation. With the UnionSave account, you have access to secure, quick and convenient 24/7 banking with UnionOnline and UnionMobile.
Account Benefits
- ₦2,500 minimum account opening balance
- N1,000 daily minimum operating balance
- Maximum single deposit of ₦50,000
- Maximum daily cumulative balance of ₦300,000
- Secure, quick and convenient 24/7 banking with UnionOnline and UnionMobile
- Access to online banking and debit cards
- Earn 5.55% interest per annum
Account Opening Requirements
- Duly Completed Account Opening Form
- One recent passport photograph
- Bank Verification Number.
UnionSave More
With the UnionSave More account, you have access to secure, quick and convenient 24/7 banking with UnionOnline and UnionMobile. You also have access to online banking and debit cards and you earn 5.55% interest per annum. With just ₦2,500 you can open a UnionSave More account.
Account Benefits
- ₦2,500 minimum account opening balance
- ₦1,000 daily minimum operating balance
- Maximum single deposit of ₦100,000
- Maximum daily cumulative balance of ₦500,000
- Secure, quick and convenient 24/7 banking with UnionOnline and UnionMobile
- Access to online banking and debit cards
- Earn 5.55% interest per annum
Account Opening Requirements
- Duly Completed Account Opening Form
- One recent passport photograph
- Bank Verification Number
- Any valid means of photo identification
- Newspaper Publication plus Marriage Certificate or Sworn Affidavit (If account name differs from the name on ID
Savings Account
With just ₦2,500 you can open a Union Bank savings account.
With the Savings account, you have access to Secure, quick and convenient 24/7 banking with UnionOnline and UnionMobile.
Account Benefits
- Earn 5.55% interest per annum.
- Account opening balance of ₦2,500.
- Daily minimum operating balance of ₦1,000.
- Access to mobile and internet banking.
- Access to debit card.
- Cheque deposits of up ₦2million.
Account Opening Requirements
- Duly Completed Account Opening Form.
- Two passport photographs.
- Bank Verification Number.
- Valid means of identification.
- Proof of Address.
- Newspaper Publication plus Marriage Certificate or Sworn Affidavit (If account name differs from the name on ID).
UnionSilver
The UnionSilver savings account is a unique savings account that offers concessions and other benefits. With an account opening balance of ₦20,000, customers have access to online and mobile banking, a premium debit card and competitive interest rates based on available minimum daily balance.
Account Features
- Account opening balance of ₦20,000
- Daily minimum operating balance of ₦20,000
- Access to online and mobile banking
- Competitive interest rate based on available minimum daily balance
Account Benefits
- Access to online and mobile banking
- Account opening balance of ₦20,000
- Daily minimum operating balance of ₦20,000
- Competitive
| Deposit Band | Interest Rate |
| 499,999 and Below | 5.55% |
| 500,000 – 2,499,999 | 5.55% |
| 2,500,000 – 4,999,999 | 5.55% |
| 5m & Above | 5.90% |
Account Opening Requirements
- Proof of Address
- Bank Verification Number
- Valid Means of Identification
- Two passport photographs
- Completed Account Opening Form
- Newspaper Publication plus Marriage Certificate or Sworn Affidavit (If Account name differs from name on ID)
Payroll Savings
The payroll savings account is a customised salary account for employees in the formal and informal sector with special offers and benefits. Employees have access to online and mobile banking and a personalised 3rd party withdrawal booklet.
Account Benefits
- Access to online and mobile banking
- Personalised 3rd party withdrawal booklet
- Earn 5.55% interest per annum
Account Opening Requirements
- Proof of address
- Bank Verification Number
- Company Identification Card
- Completed account opening form
- A staff ID card or Introductory letter from the company
Unionvibe – Student/NYSC
UnionVibe is an account specially designed for young people. This account has Zero account opening balance but ₦1,000 is required to open an account and get a debit card. Customers are entitled to a daily operating balance of as low as Zero Naira.
Account available for youths without documentation has the following features
- Maximum daily deposit of ₦50,000
- Maximum cumulative balance of ₦300,000
While youth with minimal documentation such as school ID, NYSC ID card has the following features
- Maximum daily deposit of ₦100,000
- Maximum cumulative balance of ₦500,000
Account Features
- Earn 5.55% interest per annum
- Zero minimum operating balance
- Access to debit card
- Access to mobile and internet banking
- N1,000 account opening balance
Account Benefits
- Earn 5.55% interest
- Access to debit card
- Access to mobile and internet banking
- Zero minimum operating balance
- N1,000 account opening balance.
Account Opening Requirements
- NYSC Call up letter
- Bank Verification Number
- Introduction letter from NYSC
- Temporary ID card issued by NYSC /School ID or Introductory letter from tertiary institution (Students) or Non Student Valid ID
- Newspaper Publication plus Marriage Certificate or Sworn Affidavit (If account name differs from the name on ID)
UnionHybrid Enterprise
Account designed for businesses with low turnover. You can earn interest on this account.
Account Benefits
- Earn 4.2% interest.
- No maximum debit turnover.
- Get a customised cheque book.
- Account opening balance of ₦20,000.
- Third party withdrawals across the counter
- Daily minimum operating balance of ₦5,000.
Account Opening Requirements
Unregistered Clubs, Societies and Associations (No Legal search required).
- Utility bill
- Minutes of Meeting.
- Bye-Law and Constitution.
- Third party withdrawals across the counter
- 2 Passport photographs of each of the signatories.
- BVN is required for all the signatories to the account
- KYC documentation (National ID, NIMC Slip, Driver’s License, International Passport)
Registered Organizations (Enterprise and Ltd- Legal search required)
- Utility bill
- Certificate of Incorporation
- Tax Identification Number(TIN)
- Particulars of the Directors (CO7)
- Certificate of registration(enterprise only)
- Memorandum and Articles of Association (MEMART)
- Application form for registration of business name(enterprise only)
- Statement of Share Capital and Return of Allotment of Shares(CO2)
- National ID, NIMC Slip, Driver’s License, International Passport and BVN of all the signatories and any shareholder that has 5% above (Limited companies only)
** References (optional – For lodgement of cheques above ₦2million)
Domiciliary
This is a foreign currency account that gives customers the option to save in any of the three global currencies (US Dollars, Euros and GB Pounds) while earning interest.
Account Benefits
- Zero daily balance
- Opening balance of $100
- Use your MasterCard or Visa debit card for worldwide ATM withdrawals and online transactions
- Earn interest with limited monthly withdrawals (interest will be forfeited after 3 withdrawals)
- Safe and convenient 24/7 online and mobile banking with UnionOnline and UnionMobile
Account Opening Requirements
- 2 passport photographs
- Valid means of identification: international passport or Driver’s license/National Identity card
- Current Utility bill (not more than 3months old) or signed tenancy agreement
- BVN
- CIU Form
Fixed Deposit
As with all our financial products, fixed deposits – whether short, medium or long-term – offer a high degree of investment certainty to our customers. Our termed deposits can either be re-invested or paid to the customer with the earned interest at the agreed amount of time.
Account Benefits
- Minimum tenor is 30 days
- Minimum deposit of ₦100,000
Account Opening Requirements
Fixed deposit application requirements are;
- Two passport sized photographs of Applicant
- Utility Bill of Applicant (Water Rate, Tenement, Rent Receipt or Power)
- Means of identification (National ID, International Passport or Driver’s License)
