Union Bank Philippines – All Information About The Bank

Union Bank is a leading institution that provides its customers with the products and services they need to achieve their financial goals. Union Bank offers checking, savings, investments, loans, and more. They are an FDIC-insured bank which means your funds are secure in case of emergency. 

If you’re looking for a trustworthy bank where you can feel secure about your money – check out our post to learn more about Union Bank’s many benefits and initiatives.

What Is Union Bank?

The Union Bank is a company that has always been among the first to embrace technological innovations. They are recognized for consistently providing excellent service and being one of Asia’s leading banks, ranking high on both profitabilities and efficiency rankings within their industry groupings.

Its active subsidiaries include City Savings Bank, Inc., Petnet, Agro-Industrial Rural Bank under auspices of UBPMedia Corporation, and several investment companies. At the end of 2020, UBP had 388 branches and 485 automated teller machines nationwide.

Union Bank Introduction

Union Bank in Bulacan

Union Bank Operation And Development

Union Bank of the Philippines, or Union Bank for short, is one of the largest Philippine banks. It ranks seventh according to assets after its merger with International Exchange Bank, a smaller competitor.

In August 1968, the Union Bank was founded in Makati to serve clients all over Asia and beyond. The bank has its initial name as “Union Savings & Mortgage Bank”.

In 1992, Union Bank got its license and became one of the universal banks in the Philippines with a wide range of financial services to meet their client’s needs. Their main goals are stability and quality, which they achieve by providing international networked branches and ATMs. 

The Union Bank is looking to be at the top of the Philippines in three major areas: market capitalization, profits, and customer coverage. They have lofty goals for themselves grounded by a strong purpose which says, “Co-creating Innovations For A Better World.” Plus, they also embody an essence called “Powering The Future Of Banking.

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Is Union Bank A Private Bank?

Union Bank is a publicly-listed universal bank. It is the ultimate go-to for all your financial needs. With secure and customized cash management products, Union offers business solutions that meet changing customer desires in a friendly way with efficient service at every turn!

What Products And Services Do Union Bank Provide?

Union Bank delivers a wide variety of products and services to meet the needs of our customers. Take a look at our full list and find out what Union bank can do for you.

Accounts

It’s never been easier to manage your finances. You can set up a personal account through the app without ever having to visit a bank branch or go anywhere near one! 

The bank allows users to engage with budgets in various ways: monitoring past expenditures by category and checking on progress towards goals while making sure everything stays clear-headed during all stages.

What Products And Services Do Union Bank Provide? .jpeg

Union bank in Manila

Union Bank offers leading deposit accounts that are designed to keep your money safe and secure. Their Time Deposit account has higher interest rates than most, while also accessible when you need them most through low balance fees or withdrawals in case of an emergency. 

Loans

Whether you want to buy a new car, refinance your home loan, or get an extra cash injection for that dream vacation, Union Bank has the solution.

The bank gives customers access to many different products and services – all under one roof, so they can focus on what matters most: making sure their clients’ needs are met as quickly and efficiently as possible!

Credit And Debit Cards

Get out of debt with Union Bank’s easy-to-use cashback card. Earn rewards in the form of Go Points, shopping certificates, and more that you can use to buy whatever your heart desires!

If you’re looking for ways to earn some extra cash, Rewards credit cards allow you to get 1% back on your purchases and help support a charity or an organization of choice every time.

The MSME Business Banking App

Union Bank has the solution to all your business needs! They offer a wide range of financial products and services, including loans that cater specifically to MSMEs via the MSME Business Banking app. 

With MSME Banking App, you will be able to:

  • Check your account balance and transaction history on the go with this handy app.
  • Set up a business approval process. 
  • Pay off your bills with a list of government and utility billers.
  • Transfer funds both locally and internationally, with a batching option.
  • Deposit checks without getting out of your chair.
  • Manage payroll employee accounts with ease with Batch Account Opening.
  • Enroll in all your companies and subsidiaries with one login.
  • Invite customers to pay for their orders via a link.

See also: PNB (Philippine National Bank) – Everything You Need To Know

Corporate Services

The Corporate Services segment offers loans, credit facilities, and deposit accounts for corporate customers and institutional clients across all sizes.

Is Union Bank A Reputable Bank?

Union Bank is a well-established bank that has been operating for over 100 years. It offers many different types of loans, and its reputation speaks volumes! 

Union Bank has been recognized for its achievements and exceptional service. Awards include: 

  •  “Top 1 Most Recommended Retail Bank in the Asia Pacific” by BankQuality.com 
  • “Best Bank Transformation in South East Asia 2021” from Global Banking and Finance
  • 4-Time “Digital Bank of the Year (2018-2021)” from The Asset Triple-A
  • “Top 2 Most Helpful Banks in the Asia Pacific during COVID-19” by BankQuality.com
  • “2020 Digital Banker of the Year in Asia-Pacific” for President and CEO from The Asset

Is Union Bank A Reputable Bank?

Union Bank in Binan City

What Are Union Bank Hotlines?

Customer service is available 24 hours a day, seven days per week. You can reach them by phone at:

Metro Manila:  (+632) 8841-8600

PLDT domestic toll-free: 1-800-1888-2277

International toll-free:  (IAC) + 800-8277-2273

What Are Union Bank Working Hours?

The branches of Union Bank are open from Monday to Friday, but you can find a location that will be more convenient for your schedule. Some locations have extended hours, and some work on Saturdays as well!

Union Bank also has a website that provides the most recent information about its branches’ work. Visit this site for up-to-date details and hours of operation!

Conclusion

Union Bank is a reputable bank that offers various banking services and products to their customers, including checking accounts, savings accounts, credit cards, loans, and more. If you are looking to learn more about this company or need help with your banking needs, be sure to visit their website!  

See also: Metrobank Phillippines – 6 things you need to know

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