Union Bank of the Philippines is one of the largest and most prominent commercial banks in the Philippines, allowing you to open a UnionBank savings account online. While typically opening a savings account requires visiting a bank branch, at UnionBank, you can do it online.
A Union Bank Savings Account is a secure savings product for customers to save money, conduct daily transactions, and earn interest on their balance.
In this article, you’ll learn how to open a UnionBank savings account online. Read on for more details!
Benefits of a UnionBank Savings Account
Many people wonder what the benefits of opening a UnionBank savings account are. UnionBank is a real bank account that comes with a Visa debit card that you can use for shopping or withdrawing cash from ATMs. You can deposit money into your account, earn interest, transfer money to other bank accounts, and much more.
Here are the benefits you can get from a UnionBank savings account:
- Ease of digital access, such as:
- The registration process is completed in minutes via the app without the need to visit a branch.
- No minimum balance
- Deposit checks by photo; you don’t need to physically visit your account to withdraw funds.
- Transaction Efficiency, such as:
- The global Visa debit card can be used for online and in-store shopping.
- Pay your bills, such as electricity, water, insurance, etc., integrated in one app.
- Interbank money transfers are faster and more efficient through an integrated digital system.
- Extra Benefits and Security
- The money in your account grows securely with competitive interest rates.
- Transactions are protected by biometric authentication, a PIN, and a one-time OTP code.
- There is also a reward points system in every digital transaction in the form of points.
At least, that’s the benefit if you have a UnionBank savings account.
UnionBank Savings Account Online Application Process
The UnionBank savings account registration process is entirely online through the official UnionBank app, which you can download from Google Play or the App Store. Follow these steps to avoid queues at the branch; everything is done online:
- After downloading the UnionBank app, open it and tap the “Open Account” button.
- Select your desired account type, such as Personal Savings or Play Everyday.
- Fill in your contact information, such as your active mobile phone number and email address, to receive an OTP verification code.
- Complete your personal details. Fill out the digital form, including your full name, residential address, and employment information.
- Take a clear, clear photo of your valid official ID card with your phone camera and upload. To expedite the verification process, you will also need to prepare one of the following documents:
- Passport
- Driver’s License
- PRC ID (Professional Regulation Commission)
- PhilSys ID (Philippine National ID)
- SSS ID (Social Security System)
- UMID (Unified Multi-Purpose ID)
- Next, verify your identity by following the on-screen instructions to scan your face directly for data security.
- Then, submit your application. The system will verify your data instantly, and your account will be active within minutes.
How to Order a UnionBank Visa Debit Card
You can order a physical UnionBank Visa debit card once your digital account is activated. The card will be printed and shipped directly to your home or office. Here are the steps to order a physical UnionBank Visa debit card:
- To order your UnionBank debit card, log in to your account on the mobile app and select your available balance. Select “Order Physical Card.”
- Then, on the main page, tap the savings account for which you want to create a physical card.
- Then, select “Manage Card,” then tap “Request for a Physical Card.”
- Check and ensure your address is complete (house number, street, neighborhood association, postal code) to avoid sending the wrong card.
When your physical card arrives and before using it at an ATM, you must first activate it in the app. Here’s how:
- Reopen the Manage Card menu in the app.
- Select the Activate Card option.
- Enter your 16-digit card number and set your new 6-digit ATM PIN.
There you have it, you’ve learned how to open a UnionBank savings account online. Isn’t that easy? All you need is a valid ID, and you’ll have your own UnionBank account and debit card in no time.
If you encounter any issues or other problems during the activation process, don’t hesitate to contact UnionBank Customer Service here!