The product 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.
Union Bank’s Executive Director, Commercial Banking, Kunle Sonola, explained the product benefits, nd reiterated the lender’s strategic approach of creating innovative banking services with a focus on products that truly meet the needs of customers.
“The product attracts 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,” Sonola said.
“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 – it’s that easy,” he added.
UnionAccelerate focuses on new and existing medium-sized businesses and offers several features including free initial cheque books, zero account maintenance fee, attractive and competitive interest rate, unlimited withdrawal on all account variants and pay in as well as issue all clearing instruments such as cheques, dividend warrants among others.
The product attracts no extra charges for all Union Bank services including on-line/ real time banking, e-banking- both Internet banking and banking via Automated Teller Machines. It can also be used as a salary/payroll account.
Zero charges will apply on all salary payments initiated via the Union Bank e-payment platform – UnionOne. Participation in annual Business Seminars and Business Development Trainings with Certificates of participation awarded. The launch of UnionAccelerate underscores Union Bank’s commitment to providing simpler and smarter banking to customers.