Last Updated on July 1, 2024 by admin
Union Bank offers Domiciliary Savings , UnionAce and Domiciliary Current which enable customers to bank with the three global currencies (US Dollars, Euros and GB Pounds). The Domiciliary Account gives you the opportunity to conveniently carry out foreign transactions wherever you may be. With access to debit cards.
The account offers customers with internet banking, and mobile banking application, you can transfer, payments, standing orders etc in foreign currencies, . can be done without you walking into our banking halls.
Benefits of Union Bank domiciliary account
The union bank Dom account enables account holders to receive and deposit money in foreign currencies, including pounds, US dollars, and euros, and complete transactions in those currencies. You can withdraw at any branch as long as you don’t exceed the number of withdrawals and deposits.
Let’s take a look at different types of Union Bank domiciliary accounts for better understanding.
1. Union Bank Domiciliary Current account
The Union Bank Domiciliary Current account gives account holders the access to international transfers with Transfer charge of 0.5% of principal amount.
The account opening balance is the equivalent $100 in Pounds and Euros and 0.05% is charged on cash withdrawals.The Swift charge is the equivalent of 22USD in GBP & 18EUR for transfer. (If this is a discounted offer, can you rephrase).
You can also read: How to open Unity bank Domiciliary Account and receive Foreign Currency Inward Transfer (FX Inflow)
Union Bank Domiciliary Current account Opening Requirements
The following documents are required to register for account opening here in Nigeria.
1. 2 passport photographs
2. Valid means of identification: international passport or Driver’s license/National Identity card
3. Current Utility bill (not more than 3months old) or signed tenancy agreement
4. BVN
5. 2 valid references
6. CIU Form
Account Opening Form
You need to fill the following document when opening this type of union bank dom account.
1. ACCOUNT OPENING FORM
2. SIGNATURE FORM
3. REFERENCE FORM
2. Union bank Domiciliary Savings account
This is a foreign currency account that gives customers the option to save in any of the three global currencies (US Dollars, Euros and GB Pounds) while earning interest.
The Account opening balance of $50 or its equivalent in Pounds and Euros and Up to 1% interest per annum (interest will be forfeited when withdrawal is more than 4 times in a month). It also has 0.05% is charged on cash withdrawals (maybe change to – Discounted charges on cash withdrawals)
Union bank Domiciliary Savings account Opening Requirements
To open this type of account you will require to provide the following documents:
1. 2 passport photographs
2. Valid means of identification: international passport or Driver’s license/National Identity card
3. Current Utility bill (not more than 3months old) or signed tenancy agreement
4. BVN
5. CIU Form
3. Union Bank UnionAce account
The Union Bank domiciliary UnionAce account is a dollar-denominated account which gives the account holders the opportunity to earn up to 3% p.a on their dollar deposits. It also comes with a card that gives you the freedom to shop globally.
It has the following features:
1. Account opening balance of $100
2. Up to 3% interest rate p.a. on your dollar deposits.
3. Easy payments abroad using the UnionAce MasterCard via POS and Web. No charges apply.
4. Card is valid for 3 years
5. Annual card maintenance of $10
Union Bank UnionAce account Benefits
This type of union bank dom account as the following benefits:
1. No limit on card spend
2. Card is valid for 3 years
3. Annual card Maintenance of $10
4. Account opening balance of $100
5. Up to 3% interest rate p.a on your dollar deposits.
6. Over the counter transactions are permitted
7. Discount on travel tickets from select airlines
Account Opening Requirements
To open a union bank UnionAce dom account you need to provide the following documents as listed below.
1. BVN
2. CIU Forms
3. 2 valid references
4. 2 passport photographs
5. Valid means of identification: international passport or Driver’s license/National Identity card
6. Current Utility bill (not more than 3months old) or signed tenancy agreement
How to apply for a Union domiciliary account?
To apply for a union bank UnionAce account you can simply visit the online portal : https://www.unionbankng.com/open-a-unionace-account/ or visit any closest branch to apply.
You can also send email you are so busy to visit the banking hall: Email completed forms to: customerservice@unionbankng.com
Union bank Foreign Currency Inward Transfers
Below are the details to receive money directly into your Union Bank Naira or Domiciliary Accounts through correspondent banks from anywhere in the world.
USD TRANSFER TO DOMICILIARY OR NAIRA ACCOUNT
INTERMEDIARY BANK: CITIBANK NEW YORK
SWIFT CITIUS33
ROUTING/ABA NUMBER 021000089
BENEFICIARY BANK UNION BANK OF NIG PLC
SWIFT UBNINGLA
OUR AC NO WITH CITIBANK 36058132
BENEFICIARY NAME: YOUR ACCOUNT NAME
BENEFICIARY ACCOUNT NO: YOUR ACCOUNT NO.
GBP TRANSFER TO DOMICILIARY OR NAIRA ACCOUNT
INTERMEDIARY BANK: CITIBANK LONDON
SWIFT CITIGB2L
BENEFICIARY BANK UNION BANK OF NIG PLC
SWIFT UBNINGLA
CURRENT A/C 19249621
BENEFICIARY NAME: YOUR ACCOUNT NAME
BENEFICIARY ACCOUNT NO: YOUR ACCOUNT NO.
EUR TRANSFER TO DOMICILIARY OR NAIRA ACCOUNT
INTERMEDIARY BANK: COMMERZBANK FRANKFURT
SWIFT COBADEFF
BENEFICIARY BANK UNION BANK OF NIG PLC
SWIFT UBNINGLA
OUR AC NO WITH COMMERZBANK 400880111000EUR
BENEFICIARY NAME: YOUR ACCOUNT NAME
BENEFICIARY ACCOUNT NO: YOUR ACCOUNT NO.
INTERMEDIARY BANK: CITIBANK LONDON
SWIFT CITIGB2L
BENEFICIARY BANK UNION BANK OF NIG PLC
SWIFT UBNINGLA
CURRENT A/C 19249605
BENEFICIARY NAME: YOUR ACCOUNT NAME
BENEFICIARY ACCOUNT NO: YOUR ACCOUNT NO.
Got Questions: Call UnionCare via +234-1-2716816
This is 24/7 Customer Service Center for Union bank Nigeria