Special ATM, WEB and GSM enabled account used for centralised imprest management. This is usually tied to the employer's company main account for the benefit of staff
Features/Benefits
blue chip companies running multi-branches to adopt e-product facility for centralised imprest management account to be opened by Company's H/O with workers opening ATM backed account used exclusively for imprest management Debit and credit instructions on-line debit/credit transactions confirmation by e-mail and/or SMS including web confirmation to cardholders A centralised reconciliation through the printing of end of day transactions report ATMs will be installed in company premises to cater for withdrawals
Auto paymaster (Salary Payment)
unique payroll administration system tied to savings and current accounts for workers whose employers have an account with us
Features/Benefits
Employer opens an account with the bank Workers/salary accounts based on employers introductory letter Employer toadvise workers name, address, e-mail, telephone number and salary monthly Employer to issue a cheque/direct credit to the account of holding branch Forward schedule of staff and salary for online credit Workers/staff to be issued with free ATM card & Telephone Banking Service deployment of POS to pay points at employers' office Installation of ATM at employers' office COT concession for staff On-line cheque writing facility
Union Vendor Payment Management
A current account operations for payment of vendors
Features/Benefits Accounts for companies with large suppliers and diversified network Suppliers to open accounts with us or other banks list of vendors to be provided by the company with the account numbers in our branches or other banks Contain details of all payments with scheduled date of paying Client to have access to information off site Vendors to have passowrd to access information on the status of their invoices for payment Payment collateral management provided by the bank on behalf of vendors
Union Distributors Commodity Link
This product allows distributors and/or traders to effect payment to the manufacturers/suppliers account from multiple network operations
Features/Benefits
The distributors or traders to maintain account with any of our branches or any other bank Give insructions for the payments to enable stock release approval by manufacturer Suppliers can view all payments on-line List of distributors required monthly from the company Payments for goods can be done through the hanset and web/POS by the distributor Allows monitoring of receivables and outstanding
Money Line (Cash Master)
This is a money transfer productwhich allows payments at designated centres which complement our branch operations
Features/Benefits
Card holders/non-card holders are allowed to pay/receive cash through approved agencies Can support money transfer and billing settlemnets Accounts are credited / debited with SMS confirmation sent to card holders/beneficiaries Transaction limit of up to N1million Work in parnership with NIPOST and approved hotels, supermarkets and other agents nationwide Can support card to card money transfer No account is necessary
Stallion Money Transfer
This is the platform set up for customers and non-customers to transfer funds through our branches nationwide
Features/Benefits
No account is necessary Transfers are done through our branches Maximum transfer is N1million Secured transaction provided for the benefit of beneficiaries
blue chip companies running multi-branches to adopt e-product facility for centralised imprest management