Union Bank Transfer Code: How to Transfer Money from Union Bank (2024)

Union Bank Nigeria is one of the largest commercial banks in Nigeria, with over 30 million customers. The bank offers a variety of services, including money transfer. There are several ways to transfer money from Union Bank Nigeria, including online, using a USSD code, over the counter, and using a third-party money transfer service.

What are the different ways to transfer money from Union Bank Nigeria?

There are four main ways to transfer money from Union Bank Nigeria:

  • Transferring money to another Union Bank account: This is the simplest and fastest way to transfer money from Union Bank Nigeria. You can transfer money to another Union Bank account using UnionOnline, the UnionMobile app, a USSD code, or over the counter at a Union Bank branch.
  • Transferring money to another bank account in Nigeria: You can also transfer money from Union Bank Nigeria to another bank account in Nigeria. This is known as an interbank transfer. You can transfer money to another bank account in Nigeria using UnionOnline, the UnionMobile app, or a USSD code.
  • Transferring money to an international bank account: You can also transfer money from Union Bank Nigeria to an international bank account. This is known as an international money transfer. You can transfer money to an international bank account using UnionOnline, the UnionMobile app, or a third-party money transfer service.
  • Transferring money using a third-party money transfer service: There are a number of third-party money transfer services that you can use to transfer money from Union Bank Nigeria. These services typically offer competitive exchange rates and low fees.
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How to transfer money from Union Bank Nigeria online

banking online
banking online

There are two ways to transfer money from Union Bank Nigeria online: using UnionOnline or the UnionMobile app.

Using UnionOnline

To transfer money from Union Bank Nigeria using UnionOnline, follow these steps:

  • Go to the UnionOnline website and log in to your account.
  • Click on the “Transfer” tab.
  • Select the type of transfer you want to make (e.g., transfer to another Union Bank account, transfer to another bank account in Nigeria, or transfer to an international bank account).
  • Enter the required details, such as the recipient’s account number, amount to be transferred, and transfer narration.
  • Review the transfer details and click on the “Submit” button.
  • Enter your security word and token/OTP.
  • Click on the “Confirm” button to complete the transfer.

Using the UnionMobile app

To transfer money from Union Bank Nigeria using the UnionMobile app, follow these steps:

  • Open the UnionMobile app and log in to your account.
  • Tap on the “Transfer” icon.
  • Select the type of transfer you want to make (e.g., transfer to another Union Bank account, transfer to another bank account in Nigeria, or transfer to an international bank account).
  • Enter the required details, such as the recipient’s account number, amount to be transferred, and transfer narration.
  • Review the transfer details and tap on the “Submit” button.
  • Enter your PIN to complete the transfer.

How to transfer money from Union Bank Nigeria using a USSD code

To transfer money from Union Bank Nigeria using a USSD code, follow these steps:

  • Dial *826# on your phone.
  • Select the option to transfer money.
  • Select the type of transfer you want to make (e.g., transfer to another Union Bank account, transfer to another bank account in Nigeria, or transfer to an international bank account).
  • Enter the recipient’s account number.
  • Enter the amount of money you want to transfer.
  • Enter your PIN to complete the transfer.

How to transfer money from Union Bank Nigeria over the counter

To transfer money from Union Bank Nigeria over the counter, follow these steps:

  • Visit a Union Bank branch.
  • Fill out a money transfer form.
  • Submit the form to a teller and pay the transfer fee.
  • The teller will process the transfer and provide you with a confirmation receipt.

How to transfer money from Union Bank Nigeria using a third-party money transfer service

To transfer money from Union Bank Nigeria using a third-party money transfer service, follow these steps:

  • Create an account with a third-party money transfer service.
  • Link your Union Bank account to your third-party money transfer service account.
  • Enter the recipient’s details and the amount of money you want to transfer.
  • Review the transfer details and confirm the transfer.
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Fees and charges associated with transferring money from Union Bank Nigeria

The fees and charges associated with transferring money from Union Bank Nigeria will vary depending on the type of transfer you make and the method you use.

  1. Transferring money to another Union Bank account: There is zero fee for transferring money to another Union Bank account using UnionOnline or the UnionMobile app. There is no fee for transferring money to another Union Bank account over the counter.
  2. Transferring money to another bank account in Nigeria: There is a fee of N25 for transferring money to another bank account in Nigeria using UnionOnline or the UnionMobile app. There is zero fee for transferring money to another bank account in Nigeria over the counter.
  3. Transferring money to an international bank account: The fees and charges associated with transferring money to an international bank account will vary depending on the country you are sending the money to and the third-party money transfer service you use.

Tips for transferring money from Union Bank Nigeria

Secure online payment
Secure online payment
  1. Make sure you have enough money in your Union Bank account to cover the transfer amount and any applicable fees.
  2. Double-check the recipient’s account number and bank details before confirming the transfer.
  3. Be aware of the transfer limits and processing times associated with each transfer method.
  4. Keep a copy of the transfer confirmation receipt for your records.

FAQs

How long does it take to transfer money from Union Bank Nigeria?

  • Transferring money to another Union Bank account: It typically takes a few minutes to transfer money to another Union Bank account using UnionOnline or the UnionMobile app. It may take up to 24 hours to transfer money to another Union Bank account over the counter.
  • Transferring money to another bank account in Nigeria: It typically takes 24 hours to transfer money to another bank account in Nigeria using UnionOnline or the UnionMobile app. It may take up to 72 hours to transfer money to another bank account in Nigeria over the counter.
  • Transferring money to an international bank account: It typically takes 3-5 business days to transfer money to an international bank account.
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What is the maximum amount of money I can transfer from Union Bank Nigeria?

  • Transferring money to another Union Bank account: You can transfer up to N5 million per day to another Union Bank account using UnionOnline or the UnionMobile app. There is no daily transfer limit for transferring money to another Union Bank account over the counter.
  • Transferring money to another bank account in Nigeria: You can transfer up to N5 million per day to another bank account in Nigeria using UnionOnline or the UnionMobile app. There is a daily transfer limit of N1 million for transferring money to another bank account in Nigeria over the counter.
  • Transferring money to an international bank account: The maximum amount of money you can transfer to an international bank account will vary depending on the country you are sending the money to and the third-party money transfer service you use.

What do I need to know about transferring money from Union Bank Nigeria?

  1. You must have a valid Union Bank account in order to transfer money.
  2. You must know the recipient’s account number and the name of the bank where they hold their account.
  3. You may need to pay a fee to transfer money, depending on the type of transfer you make and the method you use.
  4. It is important to review the transfer details carefully before confirming the transfer.

Conclusion

Union Bank Nigeria offers a variety of ways to transfer money, both domestic and international. The best way to transfer money from Union Bank Nigeria will depend on your individual needs, such as the amount of money you are sending, the country you are sending the money to, and the speed of transfer required.

If you are transferring money to another Union Bank account, the fastest and most convenient way to do so is using UnionOnline or the UnionMobile app. If you are transferring money to another bank account in Nigeria, you can use UnionOnline, the UnionMobile app, or a USSD code. If you are transferring money to an international bank account, you can use UnionOnline, the UnionMobile app, or a third-party money transfer service.

It is important to compare the fees and charges associated with each transfer method before choosing the best option for you. You should also review the transfer details carefully before confirming the transfer.

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