Union Bank Launches ‘UnionKorrect’ Product, Unveils Kaduna Ahmadu Bello Way Branch
The Union Bank of Nigeria Plc has launched a new product known as UnionKorrect. Account holders of the product customers are expected to save N5000 monthly, with a potential chance of winning up to N1 million through quarterly draws.
The bank has also unveiled its Kaduna branch located at Ahmadu Bello Way and upgraded her branches networks in Kaduna state towards providing better and interrupted services.
Speaking during the ceremony in Kaduna yesterday, the Executive Director Public Sector, Ibrahim Kwargana, said the restructuring and upgrading of their branch network was a critical piece of their transformation.
He further stated that the essence of the restructuring and upgrading is to “ensure that we are in the right locations and serving the right customers in a functional and professional setting.”
Kwargana also recounted the benefit of UnionKorrect account holder officially launched in Kaduna, adding that owners of the account stand to enjoy benefits of the new account; that it enables customers to save small money and win so big.
He said the goal of the bank in all these is to make banking simple so that customers of Union Bank could be in focus of what matters to them, saying, “We do this by designing innovative banking products that are tailored to their needs.”
Explaining further on the ‘UnionKorrect’ product launch, the Head, Retail Carlos Wanderley, said, “You have a limited number of people participating in every branch, which increases dramatically the possibility for customers to actually win the prices.”
The new account will serve as a ‘gateway’ between Savings and Current accounts of individual customers. This implies that, on a monthly basis, a customer can transfer the sum of N5000 from his or her main account at Union Bank into the Union-Korrect account.
He promised that Union Bank would continue to launch new products and new ways within Nigeria financial institution space to increase the interest of people in the bank transactions beneficial to them.
In his speech, Head, Retail Products, Sheahan Arasaratnam explained that UnionKorrect is a unique account to ensure that Nigerians bring back the culture of saving – “A product that brings back the culture of savings for Nigerians and saving with a lot of excitement for wining,” he said.
A total of 300 customers – with Savings or Current accounts, are expected to win a million at a time, making the product unique, said Sheahan.