Union Bank of the Philippines is a partnership among the Aboitiz Group, Insular Life and Social Security System of the Philippines. It started operations in 1981 and became a commercial bank by January 19, 1982. In July 1992, UnionBank was granted the license to operate as a universal bank.
In 2002 & 2003, the bank was recognized as among Asia’s best companies by Euromoney and Finance Asia. UnionBank is also the country’s only bank to make it to the list of the world’s 25 soundest banks for four consecutive years by The Banker of London.
By applying a Union Bank account, you can bank in different ways most accessible and convenient for you. You can bank by going to the your bank directly, through ATM machine, mobile banking or online banking.
Union Bank offers products and services for personal use, business or corporate. The bank services includes savings, checking, time deposit, credit card, remittance services and investment funds.
Union Bank also tie-up with PayPal so that you can withdraw money from your PayPal account to your Union Bank account. In other way, you can fund your PayPal account with money through Union Bank.
If you are looking on how to open an account at Union Bank Philippines, you may follow the guide below.
1. Prepare all the necessary requirements which you can see below.
1.1 Two 1×1 photo ID
1.2 Billing statement such as Meralco, Maynilad or Manila Water bill, credit card bill, phone bill and bank statement of account
1.3 Valid and recent ID such as PRC ID, SSS ID, GSIS ID, Driver’s License, Postal ID, Passport or any ID issued by government agencies
2. Choose and visit the Union Bank branch of your choice. Select the branch easily accessible and most convenient for you to go.
3. Upon arriving at the bank, proceed directly to the new account desk. Tell the bank employee you want to open a new bank account.
4. Complete all application forms and signature cards that will be given to you.
5. Pass all the requirements, application forms, signature cards and the initial deposit for your new account. Normally, the initial deposit ranges from P5oo-P10,000 depending on the type of your savings or checking account.
6. When application is completed, claim your ATM card or passbook after 4-5 banking days to the branch where you open a bank account.
Basically, opening a new bank account is not hard once you are prepared and you know the requirements and procedures. Union Bank can be one goo choice to open a new bank account since it has may services you can’t found in other Philippine banks.
Comments on this entry are closed.
I am a permanent resident in New Zealand and I would like to open an EON account with Union Bank since we have a housing loan, UBP PN No. 011019636999 which i think easier for me to pay my loan while I am abroad. I’ve been issuing postdated checks from my other bank account and I’m having a hard time to monitor my payments. Thank you!
Cheers!
Marilyn Calub
GSIS wake up. Give the pensioners the option where they want their pension money deposited. Why do you zero in on UBP alone? There are not enough UBP branches in the provinces.Yes, pensions can be withdrawn through ATMs of other banks but that kind of inter-bank service is not for free. Maryosep naman kayo. For every withdrawal, may kaltas ang serving bank. Have mercy and be pro-people.
Unlike other banks (e.g. BDO, PNB,LBP), I seldom see a UBP branch in Quezon city area, much less in Novaliches. Are there branches in these places? Accessability to UBP is rather not easy. Think of the many GSIS pensioners who are constrained to maintain their pension deposit at UBP!
1. Is P1,000 also an initial deposit in an ATM account?
2. Is it possible to deposit a check from other bank and do I still have to sign it every time I deposit?
3. How many days I can use/withdraw after the process of my account?
thanks gil..
Many thanks! I found clear informations here. this helps me a lot.
The information here has been very helpful. Is there someone who could tell me if it is possible to open a joint Union Bank EON account? thank you! My husband and I would like to open a joint account, we are having this bank into consideration. thank you!
Hi January,
Union Bank EON is an online banking acount of UB. I think you can open a joint account with them.
Go to their website for more info.