Union Bank Money Market Account

Union Bank Money Market Account Review

Union Bank Money Market Account is offered by Union Bank, a bank founded in 1864 and based in San Francisco, CA. Union Bank money market are available in 50 states (and Washington, DC).

Key Takeaways

• Low annual percentage yield (APY). The maximum annual percentage yield for this account is only 0.05.
• Charges a monthly fee. This account charges a monthly service fee of up to $10, but the fee is waived if you keep a minimum balance of $2,500.
• High minumum opening deposit. You must deposit a minimum of $2,500, which is high compared to most money market accounts.

Pros & Cons of Union Bank Money Market Account

Pros	Cons
Available in all 50 states. Free debit card Deposit checks remotely.	No signup bonus. Monthly service charge.

Union Bank Money Market Account FAQ

Are money market accounts from Union Bank federally insured?

Yes, your deposits are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What are the interest rates for Union Bank money market rates?

Union Bank Money Market Account Rates and Terms

Rates	Amount
APY	0.05%

Union Bank money market offers an APY of up to 0.05% (APY stands for annual percentage yield, rates may change).However, to earn interest you must keep a balance of $0.01.

What are the fees for Union Bank Money Market Account?

This account charges a monthly maintenance fee of up to $10. You can avoid this fee by maintaining a balance of $2,500.

Union Bank will charge you a $15 fee if you exceed your maximum number of monthly transactions.

Union Bank Money Market Account Fees

Fees	Amount
Monthly Fee	up to $10
Paper Statement Fee	N/A
Excess Transaction Fee	$15

What is the minimum balance for Union Bank money market?

Minimum deposit of $2,500. You must make an initial deposit of at least $2,500 to open this account.

Monthly maintenance fee waiver. You can avoid the monthly fee if you keep a balance of $2,500.

Interest rate minimum balance of $0.01. You must keep the account balance above $0.01 to earn interest.

What features and perks does Union Bank money market offer?

This account includes the following features:

• Check Writing - Union Bank money market includes check writing privileges. This is convenient method to pay bills and transfer money from your account.
• Fraud monitoring - Union Bank monitors transactions for potentially fraudulent activity.
• Mobile Banking Services - Union Bank money market allows you to manage your money through online banking and a dedicated mobile app. This includes depositing checks in your account with your smartphone.

What is the customer service phone number?

The customer service number for this account is (800) 238-4486.

What is the support contact email?

The support contact email for this business credit card is customer@unionbank.com.

How to open an account with Union Bank

• Visit the Union Bank website.
• Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
• Check the information is accurate and submit your application.