What banking products does Union Bank offer?
- Bank Freely Checking account. Features no monthly fee or minimum balance requirements, plus two monthly rebates at non-Union Bank ATMs.
- Priority Banking Checking account. An interest-bearing account with unlimited rebates at non-network ATMs, but you’ll need a Union Bank mortgage or a $25,000 account balance to avoid the $25 monthly fee.
- Teen Access Checking account. Teens ages 13 to 17 can open this account with an adult joint owner in person.
- Regular savings account. Features an ATM card, but there’s a low 0.01% APY.
- Kidz Savings account. There’s no minimum balance requirement or monthly service fee for this savings account for kids ages eight to 12.
- Teen Savings account. Teens can get a jump start on savings with no minimum balance or monthly fee.
- Union Bank Money Market account. You’ll need $2,500 to get started and interest rates range from 0.01% to 0.08% depending on your account balance.
- Union Bank CD. Minimum deposits range from $250 to $2,500 depending on the term, but APYs are weak at 0.05% to 0.50%.
- Business Basics Checking account. Requires $100 to open and features 50 free monthly transactions.
- Business Extra Checking account. Pay $0 on incoming wires and get free cash deposits up to $20,000, but you’ll need to maintain a $10,000 monthly balance or $20,000 in combined balanced to avoid the $22 monthly fee.
- Business Savings account. Get started with a $100 opening deposit, but you’ll earn a flat 0.01% APY.
- Business Money Market account. You’ll need $1,000 to open this account, but its APY ranges are 0.01% to 0.10%.
- Credit cards. Offers eight business and personal credit cards, including the Union Bank Secured Visa card.
- Mortgages. Choose from a range of mortgages including ARM, fixed-rate, FHA, VA and Jumbo loans.
- Lines of credit. Union Bank offers business loans and home equity lines of credit.
- Investing. Choose from IRAs, college savings plans and brokerage accounts, or get one-on-one advice from a financial advisor.
Why should I open an account at Union Bank?Union Bank offers traditional banking features such as FDIC-insured deposits, mobile banking and a Mastercard debit card. But it also has these unique features:
- Digital wallet. Union Bank offers a contactless-enabled debit card that’s compatible with ApplePay, Samsung Pay and GooglePay.
- Interest compounded daily. Earn interest even quicker with daily compounded interest.
- No ATM fees. Union Bank never charges non-network ATM fees and reimburses operator fees — some accounts have a set number of rebates while others are unlimited.
What should I look out for?
Before you open an account with Union Bank, consider these potential drawbacks:
- Limited locations. Union Bank has branch locations and ATMs in California, Oregon and Washington.
- In-person applications. You’ll need to visit a branch to open its basic checking, savings, kids and teens accounts and CDs.
- Low daily withdrawals. You can only withdraw up to $500 a day at Union Bank ATMs.
- Low APYs. Most of Union Bank’s APYs are at 0.01% — lower than the national average.
Compare Union Bank to the competition
Union Bank customer service
Call 800-238-4486 to chat with a Union Bank customer service representative weekdays from 7 a.m. to 9 a.m. and Saturdays from 8 a.m. to 5 p.m. Existing customers also have the option of sending a secure message through their account.
If you’re looking for a West Coast bank with standard checking and savings account options, Union Bank may be right for you. But if you’re after higher APYs, shop around for other accounts.
Frequently asked questions
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