What are the benefits of UnionBank checking account?
How much is the maintaining balance in a UnionBank checking account? Your UnionBank checking account maintaining balance or average daily balance (ADB) must be at least ₱100,000.
How much is the maintaining balance in a UnionBank checking account? Your UnionBank checking account maintaining balance or average daily balance (ADB) must be at least ₱100,000.
It includes all checking and savings account, time deposits with UnionBank, as well as bonds, funds, and other investments purchased through UFSI.
UB Checking offers you a wide range of convenient services to manage your funds and make payments. The service fee is waived when you maintain a $250 minimum daily balance. Accounts not maintaining a $250 balance will be assessed a monthly service fee of either $2,50 with eStatements or $5.00 with paper statements.
| Branch | With Cheque Book | Without Cheque Book |
|---|---|---|
| For Pensioners | Rs. 250 | Rs. 20 |
| Rural | Rs. 250 | Rs. 100 |
| Semi-Urban | Rs. 500 | Rs. 250 |
| Urban | Rs. 1000 | Rs. 500 |
Most traditional banks require you to maintain a minimum account balance to avoid monthly service charges. These typically range from $100 to $2,500, though most are much closer to the lower end.
- NBI Clearance with receipt.
- GSIS e-card / GSIS membership ID.
- IBP ID.
- School ID with registration of current school year and birth certificate.
| Annual Membership Fees | Primary | Supplementary |
|---|---|---|
| UnionBank Mastercard Gold | Php 2,500 | Php 1,250 |
| UnionBank Mastercard Platinum | Php 3,000 | Php 1,500 |
| UnionBank Miles+ Platinum | Php 3,000 | Php 1,500 |
| UnionBank PlayEveryday | Php 1,500 | Php 750 |
With RCBC's no maintaining balance accounts, you don't have to worry about maintaining a specific ADB, making banking simpler and more accessible. Let's explore the different types of RCBC bank accounts in the Philippines with no maintaining balance.
Deposit checks at your own convenience using The Portal by UnionBank app. Stay on top of your business anytime, anywhere.
How long can I use my union bank checks?
You may continue to use your existing Union Bank checks and deposit slips until your supply runs out, for your deposit accounts following the transition of your accounts to U.S. Bank. You will be sent a letter in May with your new account number and instructions on how to order new U.S. Bank checks when you are ready.
| Institution | APY | OVERDRAFT FEE |
|---|---|---|
| Ally Bank | 0.25% | $0 |
| Amalgamated Bank | 0.95% | $34 |
| American Express | 1.00% | $0 |
| Axos Bank | 0.70% | $0 |
of Free Transactions at other Bank's ATM 3 transactions per month comprising both financial and non-financial transactions are free at Metro centres and 5 transactions per month comprising both financial and nonfinancial transactions are free at non Metro centres at ATM other than Bank's own ATM.
It is a globally accepted card and you can use your Visa Debit card at the point-of-sale and on the internet. It's more than an ATM card with added security.
| Minimum Balance Requirement | ||
|---|---|---|
| a. | Peso Savings and Current Accounts | PHP 1,000.00 if account balance falls below the Minimum Monthly Average Daily Balance (ADB) for at least two (2) consecutive months. |
| a. | Personal | PHP 270.00 |
| b. | Commercial | PHP 520.00 |
| c. | Business Check | |
After this process, you will become the account holder. In the case of a zero balance Savings Account, there is no need to deposit any amount. After making the deposit, the bank executives will provide you with a debit card and relevant documents. You can also apply online debit card .
Also called a maintenance fee. The bank might charge a fee each month, just for having the account. You might also be charged a fee if your balance drops below the required minimum. Some accounts charge a fee for each check you write.
The FDIC insures your bank account to protect your money in the unlikely event of a bank failure. Bank accounts are insured by the Federal Deposit Insurance Corporation (FDIC), which is part of the federal government. The insurance covers accounts containing $250,000 or less under the same owner or owners.
Many major banks charge account maintenance fees that can cost you up to $15 a month. Sometimes, if you meet certain requirements, such as maintaining a minimum balance and/or setting up direct deposit, your bank will waive the monthly fee.
In the UB Online app, go to Account Details and tap on Order a Physical Card. Provide necessary details and complete the order process.
Can I open 2 accounts in UnionBank?
Can I create another account if I have an existing profile in UnionBank Online? Currently, this is only available for new UnionBank customers as well as...
- 7-Eleven: P100 – P10,000 per transaction. Maximum of Php50,000 cash deposit per Account per Day.
- ECPay Partners: P100 – P40,000 per transaction. No limit on the number of transactions.
- PeraHub: Php100 – Php25,000 per transaction.
Apply for a UnionBank Classic Visa or Gold Visa Credit Card and enjoy FREE ANNUAL FEES FOREVER! No minimum spend required. The UnionBank Credit Card No Annual Fee Promo (“Promo”) will run from May 17, 2023 – October 31, 2023 (“Promo Period”).
- How to know if account is activated. You will be notified via email and will be sent a reference code.
- How to sign up for or enroll accounts in UnionBank Online. Are you ready to bank the way you live? ...
- How to open a UnionBank Online account? Open an account through the app without going to the bank.
Union bank customers are eligible for 5 free transactions (Inclusive of financial and non-financial transactions) every month from union bank's ATM.
