Coming on the heels of the recent unveiling of the bank’s new identity in its bid to make banking simpler and smarter both for customers and prospects, Union Bank of Nigeria Plc has launched a savings product which is aimed at helping its customers to develop a savings culture.
Tagged UnionKorrect, the new product allows customers win extra cash up to N1 million in quarterly draws when they save.
Head of Retail Banking, Union Bank, Mr. Carlos Wanderley, who spoke at the launch of the product in Lagos on Monday, said the product is available at any Union Bank branch. He explained that the UnionKorrect account will be opened as a sub-account linked to the current or savings account of a customer, and all a customer needs to do transfer N5,000 every month from his or her main account at Union Bank to the UnionKorrect account.
Wanderley said the UnionKorrect is the first of many innovative products that the bank would introduce to the market.
Union Bank is here to win, he added.
Also, the Head, Retail Products, Union Bank, Mr. Sheahan Arasaratnam, explained that the idea of having 10,000 customers participate in the first tranche is to make it possible for a lot of customers to have a chance to win.
According to him, what Union Bank is trying to do is to help Nigerians imbibe the culture of saving and they get rewarded for it.