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
The launch of UnionAccelerate underscores Union
Bank's commitment to providing simpler and smarter banking to customers.
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