Union Bank Review 2022
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Our articles, interactive tools, and hypothetical examples contain information to help you conduct research but are not intended to serve as investment advice, and we cannot guarantee that this information is applicable or accurate to your personal circumstances. Any estimates based on past performance do not a guarantee future performance, and prior to making any investment you should discuss your specific investment needs or seek advice from a qualified professional.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
The account comes with an ATM card, upon request, as well as access to online and telephone banking.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
The account comes with unlimited check writing, withdrawals and transfers. You can also access your money by using an ATM card or debit card. MoneyMarket account holders have access to online and mobile banking. You can link the account to a Union Bank checking account for overdraft protection.
Union Bank refunds you for two out-of-network ATM transactions per monthly statement period. The $33 overdraft/nonsufficient funds fee is lower than the national average. There is a $3 monthly fee for paper statements.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. .
Advertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Our articles, interactive tools, and hypothetical examples contain information to help you conduct research but are not intended to serve as investment advice, and we cannot guarantee that this information is applicable or accurate to your personal circumstances. Any estimates based on past performance do not a guarantee future performance, and prior to making any investment you should discuss your specific investment needs or seek advice from a qualified professional.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.Editorial disclosure
All reviews are prepared by our staff. Opinions expressed are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including any rates, terms and fees associated with financial products, presented in the review is accurate as of the date of publication. Union BankUnion Bank Review 2022
Libby Wells covers banking and deposit products. She has more than 30 years’ experience as a writer and editor for newspapers, magazines and online publications. Updated November 10, 2022 Bankrate logoThe Bankrate promise
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You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. Bankrate follows a strict , so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money. Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service.On This Page
At a glance
3.6 Bankrate Score CDs Checking Savings MMA About Bankrate Score Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.Overview
Union Bank is a good option for customers on the West Coast who want an institution that offers a suite of personal banking services and products.Highlights
Low Min Deposit Compare offers Advertiser DisclosureAdvertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Member FDIC Savings Account 3.00 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. balance for APY Offer detailsCapital One
Member FDIC Savings Account Details 3.00 % APY Min balance for APY It only takes about 5 minutes to open a fee-free account. Member FDIC Savings Account 3.00 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. balance for APY Offer detailsCapital One
Member FDIC Savings Account Details 3.00 % APY Min balance for APY It only takes about 5 minutes to open a fee-free account. Member FDIC Savings Account 3.60 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. balance for APY Offer detailsBask Bank
Member FDIC Savings Account Details 3.60 % APY Min balance for APY 0 Monthly Acct Fees. No Balance Cap to Earn APY.Overall
Union Bank serves customers on the West Coast with branch, telephone, online and mobile banking.Pros
The bank has over 350 branches. Union Bank offers online, mobile and telephone banking in addition to branch banking.Cons
Union Bank’s mobile app is not highly rated by iOS and Android device users. Union Bank retail branches are limited to the West Coast.Union Bank bank products
Savings CD Money Market Checking 2.8 Bankrate ScoreUnion Bank savings overview
Union Bank offers one traditional personal savings account called Bank Freely savings. It is an interest-bearing account that can be opened with just a penny. There is no monthly service charge and it allows unlimited transfers and withdrawals. It can be linked to a Union Bank checking account for overdraft protection.The account comes with an ATM card, upon request, as well as access to online and telephone banking.
Pros
You can open a Bank Freely savings account with just a penny. There is no monthly service fee. The account comes with an ATM card, upon request.Cons
The APY is very low, and it is easy to find better rates at other banks. The APY is not tiered, so high balances do not earn more interest than low balances. Compare Offer Advertiser DisclosureAdvertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Member FDIC Savings Account 3.00 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min balance for APY Offer details Offer detailsCapital One
Member FDIC Savings Account Details 3.00 % APY Min balance for APY It only takes about 5 minutes to open a fee-free account. 3.4 Bankrate ScoreUnion Bank CD overview
Union Bank offers 10 terms of CDs ranging from seven to 31 days to five years. The shortest-term CD requires $2,500 to open; the other terms require a $350 deposit to open. The bank also offers IRA CDs, but there are no specialty CDs, such as bump-up or no-penalty CDs. Rates are not competitive; the five-year CD pays the same APY as the 24- to 35-month CD.Pros
Most Union Bank CDs can be opened with only $350. Union Bank offers a wide range of CD terms. Union Bank offers one very short-term CD for savers who do not want to tie up their money.Cons
The APYs are not competitive. Union Bank does not have specialty CDs such as bump-ups or no-penalty CDs. Compare Offer Advertiser DisclosureAdvertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Member FDIC CD 4.10 % APY Info Bankrate CD rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. deposit Term Offer details Offer detailsCapital One
Member FDIC CD Details 4.10 % APY Min. deposit Term Get peace of mind with fixed rates and guaranteed returns. 2.2 Bankrate ScoreUnion Bank money market overview
You’ll need $2,500 to open a Union Bank MoneyMarket account. You must maintain a $2,500 balance to avoid a $9-$10 monthly service charge. The interest rate is not competitive; online banks pay much higher APYs.The account comes with unlimited check writing, withdrawals and transfers. You can also access your money by using an ATM card or debit card. MoneyMarket account holders have access to online and mobile banking. You can link the account to a Union Bank checking account for overdraft protection.
Pros
The account comes with an ATM card; a debit card is available upon request. Account holders have access to online and mobile banking. The MoneyMarket account can be used for overdraft protection on your Union Bank checking account.Cons
The APY is not competitive; it's easy to find higher rates at other banks, especially online banks. A minimum deposit of $2,500 is required to open the account. A minimum balance of $2,500 is needed to avoid a $9 monthly fee ($10 if you receive paper statements). 4.7 Bankrate ScoreUnion Bank checking overview
Union Bank has two personal checking account options, but for this review Bankrate looked at the Bank Freely checking account, a noninterest-bearing account. Bank Freely checking can be opened with just a penny and there is no monthly maintenance fee or minimum balance requirement.Union Bank refunds you for two out-of-network ATM transactions per monthly statement period. The $33 overdraft/nonsufficient funds fee is lower than the national average. There is a $3 monthly fee for paper statements.
Pros
The Bank Freely checking account has no monthly service charge. Bank Freely checking can be opened with just one cent. The overdraft/NSF fee is lower than what many banks charge.Cons
Bank Freely checking does not pay interest. Monthly paper statements cost $3 a month. Compare Offer Advertiser DisclosureAdvertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Member FDIC Checking Account 2.50 % APY Info Bankrate Checking rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. To open To avoid fees Offer details Offer detailsSoFi
Member FDIC Checking Account Details 2.50 % APY To open To avoid feesBank experience
Union Bank customer service representatives can be reached by phone Monday through Friday from 7 a.m. to 9 p.m. and on Saturdays from 8 a.m. to 5 p.m., Pacific time. Union Bank is not partnered with an ATM network. Banking kiosks inside Union Bank branches allow customers to complete many transactions on their own. The bank also allows person-to-person payments using Zelle. Up to 20 Union Bank checking, savings and money market accounts can be combined into one organized monthly statement.About Union Bank
Union Bank is a subsidiary of Mitsubishi UFJ Financial Group (MUFG), a global financial institution. It is a full-service bank with headquarters in San Francisco. Union Bank has more than 350 retail banking branches in California, Washington and Oregon. It offers checking, savings and money market accounts, certificates of deposit, credit cards, mortgages and other loans, and insurance and investment services. In September, U.S. Bancorp agreed to acquire MUFG's core regional banking franchise, affecting about 1 million Union Bank consumer customers and about 190,000 small business customers on the West Coast.Review methodology
With so many financial institutions to choose from, it can be hard to know who to trust. Bankrate’s ever-growing list of bank and credit union reviews is updated regularly. Our editorial team analyzes and reviews each institution across deposit products such as savings accounts, checking accounts, certificates of deposit (CDs) and money market accounts (MMAs). Banks are rated by important factors such as offered interest rates, fees, minimum balance requirements, access to funds and more.We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. .