Union Bank of Nigeria Plc has announced the launch of ‘UnionAccelerate,’ a high-interest savings account with zero bank charges for medium-sized businesses.
In a statement made available on Monday, Union Bank stated that the ‘UnionAccelerate’ account is a full-featured innovative banking solution that helps manage the challenges of high overhead costs and restrictive bank deductions experienced by businesses across the country.
Speaking about the product, Union Bankâ€™s Executive Director, Commercial Banking, Mr. KunleSonola, explained its benefits while reiterating the Bankâ€™s strategic approach of creating innovative banking services with a focus on products that truly meet the needs of customers.
Sonola said: â€œOffering zero account maintenance fee, unlimited withdrawal on all account variants, and one of the highest interest rates compared to any competing product, UnionAccelerate provides an important opportunity for our medium-sized business customers to leverage on and grow their enterprise with adequate support from us. All they need to do is call their Union Bank Relationship Manager or walk into any of our branches nationwide to sign up for the account, itâ€™s that easy.â€
He further added that the account focusses on new and existing medium-sized businesses offers several features including: Free initial cheque books, Zero Account Maintenance Fee, Attractive and competitive interest rate and Unlimited withdrawal on all account variants.
Other features include Pay in and issue all clearing instruments i.e. cheques, dividend warrants etc, No extra charges for all Union Bank services: on-line/ real time banking, e-banking (both Internet banking & banking via ATMs), Can be used as a salary/payroll account and Zero charges will apply on all salary payments initiated via the Union Bank e-payment platform â€“ UnionOne.