Union Save

With just N2,500 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.

  • N2,500 minimum account opening balance
  • N1,000 daily minimum operating balance
  • Maximum single deposit of N50,000
  • Maximum daily cumulative balance of N300,000
  • Secure, quick and convenient 24/7 banking with UnionOnline and UnionMobile
  • Access to online banking and debit cards
  • Earn 1.15% interest
  • Duly Completed Account Opening Form
  • One recent passport photograph
  • Bank Verification Number.

Union Save 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 1.15% interest per annum.With just N2,500 you can open a UnionSaveMore account.

  • N2,500 minimum account opening balance
  • N1,000 daily minimum operating balance
  • Maximum single deposit of N100,000
  • Maximum daily cumulative balance of N500,000
  • Secure, quick and convenient 24/7 banking with uniononline and unionmobile
  • Access to online banking and debit cards
  • Earn 1.15% interest
  • Duly Completed Account Opening Form
  • One recent passport photograph
  • Bank Verification Number
  • Any means of identification
  • Proof of Address
  • Newspaper Publication plus Marriage Certificate or Sworn Affidavit (If account name differs from the name on ID

Savings Account

With just N2,500 you can open a Union Bank savings account. With the Unionsave more account, you have access to Secure, quick and convenient 24/7 banking with Uniononline and Unionmobile.

  • Earn 1.15% interest.
  • Account opening balance of N2,500.
  • Daily minimum operating balance of N1,000.
  • Access to mobile and internet banking.
  • Access to debit card.
  • Cheque deposits of up N2million.
  • 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).

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.

  • Access to online and mobile banking
  • Personalised 3rd party withdrawal booklet
  • Proof of address
  • Bank Verification Number
  • Company Identification Card
  • Completed account opening form
  • 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 N1,000 is required before a debit card is issued. Customers are entitled to a daily minimum operating balance of N1,000 and a Maximum daily cumulative balance of N500,000.

  • Earn 1.15% interest
  • Access to debit card
  • Access to mobile and internet banking
  • Zero minimum operating balance
  • Maximum daily cumulative balance of N500,000
  • Zero account opening balance. (N2,500 required for debit card and minimum balance).
  • 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.

  • Earn 1.25% interest.
  • No maximum debit turnover.
  • Get a customised cheque book.
  • Account opening balance of N20,000.
  • Third party withdrawals across the counter
  • Daily minimum operating balance of N5,000.
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 N2million)

Domiciliary

A foreign currency denominated account that lets you save in US Dollars, Euros and Pounds.

  • 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
  • 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 astute customers. Our termed deposits can either be re-invested or paid to the customer with the earned interest at the agreed amount of time.

  • Minimum tenor is 30 days
  • Minimum deposit of N100,000
  • 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)

Union Silver

The Unionsilver account is a unique savings account that offers concessions and other benefits. With an account opening balance of N20,000, customers have access to online and mobile banking, a premium debit card and Tiered interest rates based on available minimum daily balance.

  • Access to a premium debit card
  • Access to online and mobile banking
  • Account opening balance of N20,000
  • Daily minimum operating balance of N20,000
  • Tiered interest rate based on available minimum daily balance
Deposit Band Interest Rate
499,999 and Below 1.25%
500,000 – 2,499,999 1.5%
2,500,000 – 4,999,999 1.5%
5m & Above 1.5%
  • Proof of Address
  • Bank Verification Number
  • Valid Means of Identification
  • Two passport photographs
  • Completed Account Opening Form
  • References (optional – For cheque deposits above N2million)
  • Newspaper Publication plus Marriage Certificate or Sworn Affidavit (If Account name differs from name on ID)

See some of our loans

Unionplus

The Unionplus loan is designed for salaried customers. Customers can access up to 15 million Naira and can pay back for up to 60 months.


Unionflexi

The Unionflexi loan is designed for salaried customers with an annual salary of up to 30 million Naira. Customers can access up to 50 million Naira and can pay back for up to 60 months.

Payadvance

The Payadvance loan is designed for salaried customers. Customers can access up to 50% of their monthly salary and can pay back for up to 12 months.