Union Biz Account
An account that provides flexibility for small and medium sized businesses to meet their everyday banking needs by offering zero charge and pays you interest when you maintain an agreed amount in your account.
ACCOUNT BENEFITS
- Opening balance of N20,000
- Customised clearing cheque book
- Available for all registered businesses
- Earn interest depending on deposit balances
- Withdraw to zero balance and even overdraw account
- Access to business advisory programs / seminars
- 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
Union Hybrid Account
This savings account offers attractive interest rate for all businesses (except limited liability companies)
ACCOUNT BENEFITS
- Opening balance of N20,000
- Zero account maintenance fee
- Non-borrowing account
- Customised cheque book (not valid for clearing)
- Access to business advisory programs / seminars
- Available for all businesses except limited liability companies
- Earn Interest (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 OPENING REQUIREMENTS
Unregistered Clubs, Societies and Associations
- 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
Registered Organizations-Cooperatives and Associations
- Certificate of Incorporation
- Application form for registration of business name(enterprise only)
- Certificate of registration(enterprise only)
- National ID or Driver’s License or International Passport and BVN of all the signatories and any shareholder that has above 5% (Limited companies only)
- Tax Identification Number(TIN)
- 2 references
- SCUML(applicable to DNFI’s –www.scuml.org)
- Letter of Introduction(enterprise only)
- Utility bill
Business Current Account
The perfect account 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 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
Target Savings Product
Short-medium term savings plan for SMEs.
ACCOUNT BENEFITS
- Short-medium term savings plan for SMEs.
- Valid for 48 months
- Earn 4.2% interest
- Save a minimum of N5,000 monthly
- 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).
ACCOUNT REQUIREMENTS
- Every quarter from the 15th month:
- 1 customer will be rewarded with N1m – First Prize
- 4 customers will be rewarded with N500,000 -Second Prize
- 20 customers will be rewarded with N100,000 -Third Prize
- Reward 300 customers for the duration of the programme
Fixed and Tenured Deposit
Save today and get tomorrow.
ACCOUNT BENEFITS
- Minimum deposit of N100,000
- Minimum tenor is 30 days
- Attractive interest rate
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.
