Union Bank has announced the launch of
UnionAccelerate, a high-interest savings account with zero bank
charges for medium-sized businesses.
UnionAccelerate 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, Kunle
Sonola, Union Bank’s Executive Director, Commercial Banking,
explained its benefits while reiterating the Bank’s strategic
approach of creating innovative banking services with a focus on
products that truly meet the needs of customers.
“Offering 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 which focuses on new
and existing medium-sized businesses offers several features
including:
Free initial cheque books
Zero Account Maintenance Fee
Attractive and competitive interest
rate
Unlimited withdrawal on all account
variants
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. 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
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