Most SMEs in Nigeria are moving to Union Bank in their numbers. Union Bank savings accounts offers the highest interest rates and other mouth watering offers. Move over to the Simpler Smarter Banking Life.

Aleofolk:
The evolvement of microfinance banks in Nigeria have overtime stabilised and well stimulated into the business and banking industry. Numerous MFBs have been registered and operating in Nigeria with different mode of operations, services and charges. Though they are all regulated by the CBN. Businesses have been able to expand and survive the harsh economy with the help of these services. However, most businesses have collapsed as a result of these funds, affecting both the business and the bank(overindebtedness) Poor planning, fund diversion and mismanagement of fund have plagued loan servicing. Proper advice and assitance is essential for business growth and leveraging on strength of the business. For loan and advice, call 08179003940. Israel (within lagos)

Make your business cashless compliant, get a POS from any branch of Union Bank and see your business enjoy seamless transactions.

edewojames:
The central Bank of Nigeria is set to begin a new era of cashless policy in Nigeria. Beginning from April, the new policy will kick start in Lagos, Ogun, Abia, Kano, Anambra, Rivers and the Federal Capital Territory. Other states will start implementing this policy on a specified date this year as stiputed by the Bank.

Bayelsa, Bauchi, Delta, Enugu, Gombe, Imo, Kaduna, Ondo, Osun and Plateau will resume implementation on the 1st of May; Edo, Kastina, Jigawa, Niger, Oyo, Adamawa, Akwa-Ibom, Ebonyi, Taraba and Nasarawa 1st of August; while Borno, Benue, Ekiti, Cross-River, Kebbi, Kogi, Kwara, Yobe, Sokoto and Zamfara to commence cashless policy on the 1st of October. With this all states in Nigeria will fully comply with the CBN cashless policy.

In addition, the CBN has reviewed the charges payable on cash deposits and withdrawer. Effective as in above date, deposits and withdrawers of amount below N500,000 of an individual account will not attract charges from Deposit Money Banks. However, between N500,000 to N1m will attract 1.5% on deposit and 2% on withdrawer. Between N1m to N2m will attract 2% on deposit and 3% on withdrawer. More to it, above N5m will pay charges of 3% on deposit and 7.5% on withdrawer.

For corporate entities, there will be no charges on deposits and withdrawer less than or equal to N3m. But above N3m to N10m will pay charges of 2% and 5% on deposits and withdrawer respectively. Above N10m to N40m will be charged 2% and 7.5% on deposits and withdrawer respectively. Moreso, above N40m will pay charges of 5% and 10% deposits and withdrawer respectively.

CBN makes exemptions to this policy for certain MDAs and microfinance banks. "Revenue generating accounts of the Federal, State and Local Governments (lodgements only), Embassies, Diplomatic Missions, Multilateral Agencies, Aid Donor Agencies in Nigeria, Ministries, Departments and Agencies of Government (revenue collection only), Mobile Money Operators (pool accounts only), Microfinance Banks (MFBs) and Primary Mortgage Institutions (PMIs) accounts with Deposit Money Banks (DMBs) are free from the above policy.

This policy means that Internet Banking, Mobile App, ATMs, POS and web services will remain available for transactions at all banks in Nigeria at all times. Therefore, withdrawers less than N40,000 should be done within the media aforementioned.
Read from my blog http://www.myfinancein.com/2017/04/new-cbn-cashless-policy-begin-april-lagos-ogun.html

Bro, you need to migrate to Union Bank. Customer service like no other, Zero fail rate at our ATMs, massive re-branding of our branches, we have been voted the best bank in Nigeria in terms of retail banking. Move over to the Simpler and Smarter banking life.

ERockson:
After the closing up of some Skye Bank branches in the country, The bank has denied ever being in distress but what some customers are going through in the bank proves otherwise. It appears the bank is in problem as I saw scores of complaints ranging from Why can't I withdraw my money, ATM cash retracts of over a month unresolved and many more issues. I'm forced to write now because a helpless customer Relationship agent was nearly mob in a branch today. God or CBN should help Skye bank because is the only bank in my community

Open a UnionKorrect account at any Union Bank branch, save 10k monthly and you could be on your to Russia 2018 World Cup.

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Union Bank boasts of the best retail banking services in Nigeria today. From world class banking hall to luxury banking lounges, online platforms with unbeatable service delivery, no wonder they won the awards for the best improved bank in Nigeria in 2016.

Union Bank doesn't charge for transfers between it's customers it is absolutely free. But for transfers to customers of other banks, the amount charged as transfer fee goes to NIBSS/INTERSWITCH whose platforms are used to enable such transfer. Union Bank online platforms be it Mobile Banking, Internet Banking, POS and ATMs are user friendly and fast and reliable, with zero failure rate.

Union Bank is just the best. I Opened an account with them recently, when I walked in, i couldn't even believe it's union bank cos everywhere was looking all cozy, their banking halls fine mehn, opened the account got my ATM card instantly and i didn't spend more than 30 mins that day. I love the simplicity of their mobile app, never had ATM failure issue when I withdraw. For now I think Union Bank is the best in Nigeria.