Who can open Current Account:
- A Registered Company
- A Registered Financial Institution
- A Corporate
- Any other Register Legal Entity
- The account can be opened in GBP (£) or USD ($) or EUR (€) currencies.
- Quarterly average balance of £500.00/$2000.00/€2000.00 is required based on currency of the account.
- Serviced by branch banking (visit to the branch)
- Free cheque books & free pay-in slips will be provided
- Free Account statement once every month through e-mail
- Free Internet Banking facility (View facility only)
- Free cash deposit up to £1000.00/$1000.00/€1000.00 per quarter
- Free set up of Standing Orders/Direct Debits
- Deposits guaranteed under FSCS subject to eligibility norms
- Transactions charges are applicable in the account
- Annual account maintenance charges are applicable in the account
- No interest is paid on the balances maintained in the current account.
Schedule of Charges -Current Accounts
£500.00/$2000.00/€2000.00
£20.00/$50.00/€50.00 per quarter
£1.00/$1.00/€1.00 per page subject to minimum of £5.00/$5.00/€5.00 per statement request
£3.00/$3.00/€3.00 per thousand or part thereof, subject to minimum of £3.00/$3.00/€3.00
Free (View Facility Only)
£5.00/$7.00/€7.00 in respective currency of the
account
£10.00/$10.00/€10.00 per statement
£10.00/$10.00/€10.00 per certificate
£10.00/$10.00/€10.00 per request
£2.00/$2.00/€2.00 per thousand or part of subject to
minimum of £2.00/$2.00/€2.00
(Free up to £1000.00/$1000.00/€1000.00 per
quarter)
£10.00/$10.00/€10.00 per return
£10.00/$10.00/€10.00 per cheque subject to a
maximum cap of £50.00/$50.00//€50.00
Payment in GBP
£25.00 per payment
Payment in USD
$50.00 per payment
Payment in EUR
€50.00 per payment
£0.30/$0.30/€0.30 per transaction
£15.00/$30.00/€25.00 per instruction
£15.00/$15.00/€15.00 per presentation
£20.00/$20.00/€20.00 per letter
Bank Rate+12.00% Per Annum (P.A)
Schedule of Charges -Fixed Rate Deposit Accounts
Accounts are available in two currencies only GBP (£) & USD ($)
£10.00/$10.00 per request
£10.00/$10.00 per request
Notes: for your information
- "£" is used for GBP, "€" is used for EURO and "$" is used for USD
- Cheque books are issued only for GBP Current Account for both individual and Business Accounts.
- If the Bank incurs any cost or expenses pertaining to the customer, the same will be passed on to the customer.
- These schedules of charges form part of General terms and conditions that apply to your account.
- In case of any discrepancy in the bank charges or if it is not consistent with the contract with you, please bring to the notice of the bank immediately.
- The Bank reserves the right to amend the schedule of charges, however, a notice will be provided on our website for 2 months before prior to any change to take place.
- In case of business denominated in £ GBP, $ USD and € EURO, the charges would be recovered in respective currencies. In case € EURO/ $ USD rates are not mentioned, the tariff would be computed taking £ GBP equivalent of the currency concerned.
- New Account in € Euro Currency are discontinued, said charges / minimum balance requirements for existing € EURO accounts only.
- Bank provides Cheque clearing facility for £ GBP Currency only.
- Bank provides Cash withdrawal / Deposit facility for £ GBP Currency only. Cash withdrawals in currencies other than GBP currency are entirely at Bank's discretion.
You may open current account with us either by visiting our branch in person or by sending completely filled and signed application forms with supporting documents to us.
Note: Online copies, mobile phone bills & credit card statement are not accepted.
To proceed for account opening, to download this form and submit it to below address:
Attn: AOF
Union Bank of India UK ltd
12 Arthur Street
London EC4R 9AB
For any assistance for opening of account, please contact us on +44(0)2073324250 or email us on