Rates and Fees

Account Opening


Opening an account is easy. Just follow these steps:

1. Present at least one (1) valid ID.

Note: UnionBank reserves the right to require customers to present more than one valid ID to positively establish identity, permanent address, and source of funds. Below is a list of accepted valid IDs, in order of the Bank's preference.

  1. Passport, including those issued by foreign governments
  2. Seaman's book
  3. Driver's license
  4. NBI clearance
  5. GSIS e-Card/SSS card
  6. License to own/Permit to carry firearm
  7. Professional Regulatory Commission (PRC) identification card/Integrated Bar of the Philippines (IBP) identification cards
  8. Tax identification card
  9. Alien Certificate of Registration (ACR)/Immigrant Certificate og Registration (ICR)/Special Investor Resident Visa (SIRV)/PRA Special Resident Visa (SRRV)
  10. OFW identification card
  11. Government office and GOCC identification cards (e.g., Armed Forces of the Philippines, Home Development Mutual Fund, etc.)
  12. OFW identification card
  13. Philippine Health Insurance Corporation (PhilHealth) identification card
  14. Certification from the National Council for the Welfare of Disabled (NCWDO)
  15. Police clearance
  16. Digitized voter's identification card
  17. DSWD Certification
  18. Company identification cards issued by private entities or institutions registered or supervised or regulated either by the BSP, SEC or the Insurance Commission
  19. Senior citizen identification card
  20. Postal identification card
  21. Barangay certification

Notes:

  • Your ID/s should not be expired and must include your photo.
  • Your ID/s must be authentic and reliable. The Bank officers/personnel may require you to present other IDs to be satisfied as to your true identity or that of the principal opening the account.
  • Please present your original ID/s to the Bank. For companies that submit copies of the original IDs, the Corporate Secretary should attest to their authenticity through a notarized Secretary's Certificate.
  • The validity/expiry of an NBI clearance is 1 year from the date of issuance.
  • The ACR I-Card is for foreign residents only.

Also, please note the additional requirements for the following cases:

a. Sole Proprietorship

The photocopy of the Business Name Certificate of Affirmative Business Name Certification with the Department of Trade and Industry (DTI) is acceptable as long as you present the original document to ensure that the copy is an authentic and true reproduction of the original.

b. Resident-Foreigners or Aliens

While the visa stamp by Bureau of Immigration (BI) indicating the alien's point-of-entry is not a regulatory mandate, the same is an indicia for purposes of due diligence in establishing the status of the resident-foreigner or alien in the Philippines, and in ensuring that the individual has entered the country legally. To be acceptable, please present your original Passport and ACR I-card (for permanent resident or tourist of more than 180 days) as identification documents.

2. Go to any UnionBank Branch.

Click here to know where the nearest UnionBank branch is.

3. Proceed to the new accounts section.

You will be asked to fill out the account opening form and sign on the signature cards. A UnionBank officer will guide you through the whole process.

Account Fees

Maintenance
Service Charge P1,000 or US$20, if ADB for the month falls below the minimum ADB requirement

Dormant Account

Service Charge P30 per month starting on the 61st month of inactivity, if the ADB falls below the minimum ADB requirement

Closure within 30 days

Service Charge no charge

Lost Passbook

Cost of Replacement P200

ATM Card Replacement

Card Replacement Fee P150 per card

Interim Bank Statement

Service Charge P50

Unclaimed Statement of Account

Storage Fee No charge within 3 months
P200 per month for unclaimed SOA for more than 3 months

Withholding Tax

  20% on interest earned for Peso accounts
7.5% on interest earned for FCDU accounts

Maintenance

Service Charge P1,000 or US$20 (with or without ATM) if ADB for the month falls below the minimum ADB requirement

Dormant Account

Service Charge P30 per month starting on the 61st month of inactivity, if the ADB falls below the minimum ADB requirement

Stop Payment

Service Charge P500 per check (upon filing of request)

Checkbook Requisition

  Personal: P180 per checkbook
Business: P350 per checkbook
- w/o voucher P350 per checkbook
- w/ voucher P580 per checkbook

ATM Card Replacement

Card Replacement Fee P150 per card

Interim Bank Statement

Service Charge P50

Unclaimed Statement of Account

Storage Fee

No charge within 3 months
P200 per month for unclaimed SOA for more than 3 months

Transaction Diary

 Replacement P200

USD and Peso Funding

Charges Domestic Foreign
EPCS End of Day Netting / PCHC PDDTS SWIFT: Remitters Acct SWIFT: Beneficiary's Acct
Commission n.a. n.a. n.a. US$25 US$5
Cable Charge P100 P100 P100 US$15 US$15
Doc Stamp Tax
(For Peso funding)
n.a. n.a. n.a. P0.30 for every P200

Third Currency Funding
US$40 if for the account of the remitter and US$20 if for the account of the beneficiary), plus handling fee of 0.25% of the principal amount, minimum of US$5


Other Charges

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USD and Peso Funding

CHARGES DOMESTIC FOREIGN
EPCS/RTGS End of Day
Netting / PCHC
PDDTS SWIFT
Remitter’s Acct Beneficiary’s Acct
Commission n.a. n.a. n.a. USD 25.00 USD 5.00
Cable Charge Php 100.00 Php 100.00 Php 100.00 USD  15.00 USD  15.00

Doc Stamp Tax

(For Peso Funding)
n.a. n.a. n.a. P0.30 for every P200.00

Third Currency Funding

USD40 if for the account of the remitter and USD20 if for the account of the beneficiary), plus

Handling fee of 0.25% of the principal amount, minimum of USD 5.00

 

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1 Make sure that the website address appearing on your browser starts with https://ebanking.unionbankph.com/ and a padlock symbol (🔒) beside it.If you see something different or there is no address appearing, please do not proceed and report to us immediately.

2 You can only type in your password or PIN using the virtual keyboard.

3 Keepyour device virus-free. Make sure you have an updatedanti-virus software.

4 To secure your account, we strongly advise you to avoid downloading your banking documents using a public computer




For more information, please visit theSafe Surfing Guidelinespage or call our 24-hour Customer Support at (02)8418600.
1 Make sure that the website address appearing on your browser is Union Bank of the Philippines and has a padlock symbol (🔒) beside it. If you see something different or there is no address appearing, please do not proceed and report to us immediately.

2 You can only type in your password or PIN using the virtual keyboard.

3 Keepyour device virus-free. Make sure you have an updatedanti-virus software.

4 To secure your account, we strongly advise you to avoid downloading your banking documents using a public computer




For more information, please visit theSafe Surfing Guidelinespage or call our 24-hour Customer Support at (02)8418600.
1 Make sure that the website address appearing on your browser starts with https://ebanking.unionbankph.com and a padlock symbol (🔒) beside it.If you see something different or there is no address appearing, please do not proceed and report to us immediately.

2 You can only type in your password or PIN using the virtual keyboard.

3 Keepyour device virus-free. Make sure you have an updatedanti-virus software.

4 To secure your account, we strongly advise you to avoid downloading your banking documents using a public computer




For more information, please visit theSafe Surfing Guidelinespage or call our 24-hour Customer Support at (02)8418600.
1 Make sure that the website address appearing on your browser is Union Bank of the Philippines and has a padlock symbol (🔒) beside it. If you see something different or there is no address appearing, please do not proceed and report to us immediately.

2 You can only type in your password or PIN using the virtual keyboard.

3 Keepyour device virus-free. Make sure you have an updatedanti-virus software.

4 To secure your account, we strongly advise you to avoid downloading your banking documents using a public computer




For more information, please visit theSafe Surfing Guidelinespage or call our 24-hour Customer Support at (02)8418600.
1 Make sure that the website address appearing on your browser starts with https://ebanking.unionbankph.com and a padlock symbol (🔒) beside it.If you see something different or there is no address appearing, please do not proceed and report to us immediately.

2 Keepyour device virus-free. Make sure you have an updatedanti-virus software.

3 To secure your account, we strongly advise you to avoid downloading your banking documents using a public computer




For more information, please visit theSafe Surfing Guidelinespage or call our 24-hour Customer Support at (02)8418600.
1 Make sure that the website address appearing on your browser is Union Bank of the Philippines and has a padlock symbol (🔒) beside it. If you see something different or there is no address appearing, please do not proceed and report to us immediately.

2 Keepyour device virus-free. Make sure you have an updatedanti-virus software.

3 To secure your account, we strongly advise you to avoid downloading your banking documents using a public computer




For more information, please visit theSafe Surfing Guidelinespage or call our 24-hour Customer Support at (02)8418600.
1 Make sure that the website address appearing on your browser starts with https://ebanking.unionbankph.com and a padlock symbol (🔒) beside it.If you see something different or there is no address appearing, please do not proceed and report to us immediately.

2 Keepyour device virus-free. Make sure you have an updatedanti-virus software.

3 To secure your account, we strongly advise you to avoid downloading your banking documents using a public computer




For more information, please visit theSafe Surfing Guidelinespage or call our 24-hour Customer Support at (02)8418600.
1 Make sure that the website address appearing on your browser is Union Bank of the Philippines and has a padlock symbol (🔒) beside it. If you see something different or there is no address appearing, please do not proceed and report to us immediately.

2 Keepyour device virus-free. Make sure you have an updatedanti-virus software.

3 To secure your account, we strongly advise you to avoid downloading your banking documents using a public computer




For more information, please visit theSafe Surfing Guidelinespage or call our 24-hour Customer Support at (02)8418600.