Atlantic Union Bank

Overview / Commentary
1051 E. Cary St., Suite 1200
Richmond, VA 23219

Atlantic Union Bank is headquartered in Richmond and is the 5th largest bank in the state of Virginia. It is also the 104th largest bank in the nation. It was established in 1997 and as of March of 2022, it had grown to 1,855 employees at 126 locations. Atlantic Union Bank has an A health rating.

Reviews (8)

Very good bank! Happy with experience!

Posted by: |

I use Union Bank regularly after a recent merger. They took over for my previous bank, Stellar One. At first, I was disappointed that I would be losing my previous bank. I had been a long time customer of my previous bank and I did not want to switch, but Union Bank made the switch so easy. Customer service was a bit slow at first with the high call volume but now I am very happy with the service. I use them primarily for a checking account. I really like their online services. It is easy to monitor deposits and withdrawals as well as all spending and categories of spending. I do miss having my old Virginia Tech alumni checking account that Stellar One offered, which is why I marked a 4 on competitive products, but otherwise I am happy with the checking account options. I really enjoy their bill pay features. It is easy to pay bills online with Union. Much easier than it ever was with my previous bank. I would recommend this bank to others. For a small local branch it is top notch.

Customer service

I really enjoy this bank for my basic needs. Usually I go to the same branch. Most of the time I get the same person dealing with me so she knows me by name. She is always very kind and helpful. She is easy to talk to and knowledgeable. Most of the other people are good as well all helpful and easy to deal with. I have only had one person I did not enjoy working with. I feel that the good far outweighs the bad. This is why I continue to use them as a bank. I like having a smaller bank in town that i can go to. Its very convenient and if I know I have a problem it can just go in there to work it out if I need. I have been using their app more now as I dont have to leave my home and is convenient. Overall they have treated me well and I enjoy banking with them.

Phenomenal Service but High Fees

The service at Union Bank is unbelievable. Whether on the phone or in person, they really go out of their way to make sure you are happy. They handle issues and problems quickly and effectively. When my account was used fraudulently while I was overseas they went out of their way to assure me they would take care of the problem and they handled it well. They also communicate very well. My only problem I have with them are the fees. I pay quite a lot just for a standard checking account. Also, overdrafts are incredibly expensive as well, but you can avoid that issue just by keeping abreast of the account. Their online services through their website are very good, and they even have a feature where you can access other bank account balances through their website. I find that convenient.

Poor Interaction Makes Me Think Twice...

Posted by: |

I had a recent interaction with a sales and service representative via email. The tone of the email was cold and unprofessional and the individual did not answer my question stating privacy policies as a reason. I am thankful the bank takes privacy and security seriously, but this individual could use some lessons in email etiquette. There was no greeting, empathy, and the person did not leave his/her name in the email. This is far from the service I have received in previous years of being a customer of Union Bank & Trust. I wanted to return to the bank, but if today's interactions are indicative of the service I will receive, I definitely need to think twice.

Poor Choice For Business Banking Needs

Posted by: |

From the clunky online banking experience which is confusing to navigate on what seems decades-old web platforms, to extremely long wait times for phone customer service by phone, I would think twice before opening a business account with Atlantic Union.

Poor Service

Posted by: |

If you are in the Richmond, VA area and need this bank, don't go to the branch at West Broad Street and Parham Road unless you have plenty of time. Waited 17 minutes for service at the drive-thru. There is no excuse for this. Finally, three different people came outside to check on what people needed so you know they were inside all eating together and not paying attention to the customers. I am going to a different branch next time until I move my account somewhere else.

Doesn’T Accept Cash

Posted by: |

I was told to go elsewhere because this is a holiday and my cash, which is legal tender, is not accepted at an atm. I will do as your representative told me and put all of my money into a bank that provides banking services. This is a terrible company and the people working here are condescending racists.

Worst Bank EVER

Posted by: |

I have been banking with Union Bank for the past 10 years when they were still Union Bank and Trust. I think when they changed, not sure if it was just a name change or management or whatever but the service begin to decline. Banked with them in Ladysmith for about 3-4 years and just kept the account bc of convenience but when going out of town, was always being charged for not using a Union Bank ATM, however, there never were any outside of Virginia so I had to use other ATMs. Not to mention, fees are EXTREMELY high at this bank. Finally I left and went to Navy Federal Credit Union (they are awesome). Decided to open a second account after 6 years or so, decided to give Union one more chance. Here it is 2018, we can make deposits from our phones by taking pictures, ATMs count our money and read our checks for us, technology is great, however, if you make a deposit into a Union Bank ATM, your deposit will not be available until the bank goes outside MANUALLY and then MANUALLY inputs each deposit... My deposit was CASH mind you, not like it was a check that needed to be cashed or anything... so I made the deposit with CASH on Saturday after they closed and here it is Monday and I am told that the CASH won't be ready for me to use AT ALL until after 2pm. So I was left all weekend with $20 to my name (thank goodness I didn't deposit everything I had because I would have been screwed). EVERY and I mean EVERY other Bank I have checked with today, at least 6, cash deposits through ATM deposits go into a persons account immediately upon depositing... Really just confused as to why the bank upgraded to these new fancy ATMs if they aren't able to be used properly. Needless to say Union will not get anymore chances. Thumbs down Union Bank.


Health Grade Components

FDIC Certificate #34589
Year Established1997
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.95%
Return on Equity - YTD6.55%
Annual Interest Income$138.3MM
Assets and Liabilities
AssetsQ1 2022vs Q1 2021$19.69B$19.80B
LoansQ1 2022vs Q1 2021$13.38B$14.18B
DepositsQ1 2022vs Q1 2021$16.54B$16.39B
Equity CapitalQ1 2022vs Q1 2021$2.79B$2.87B
Loan Loss AllowanceQ1 2022vs Q1 2021$102.6MM$142.9MM
Unbacked Noncurrent LoansQ1 2022vs Q1 2021$36.5MM$46.8MM
Real Estate OwnedQ1 2022vs Q1 2021$8.3MM$12.2MM
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Atlantic Union Bank Savings Account Rates

0.02%*$25k*-Health Savings Account
OTHER TIERS: 0.01% $1 - $25k
0.01%--Personal Savings
0.01%--Deluxe Savings Club (w/ Auto Debit)
0.01%--Loyalty Savings
0.01%--PRISM Savings

Atlantic Union Bank Money Market Rates

0.16%*$250k*-Loyalty Money Market Account
OTHER TIERS: 0.02% Up to $25k | 0.06% $25k - $100k | 0.11% $100k - $250k
0.15%*$250k*-Money Market
OTHER TIERS: 0.01% Up to $25k | 0.05% $25k - $100k | 0.10% $100k - $250k

Atlantic Union Bank Checking Account Rates

0.01%--Preferred Checking
0.01%--Loyalty Checking
0.01%--ThankU Checking

Atlantic Union Bank CD Rates

1.50%$1k-13 Month CD Special
1.25%$1k-9 Month CD Special
0.31%$1k$100k5 Year Loyalty CD
0.30%$1k$100k5 Year CD
0.26%$1k$100k4 Year Loyalty CD
0.25%$1k$100k4 Year CD
0.21%$1k$100k3 Year Loyalty CD
0.20%$1k$100k3 Year CD
0.16%$1k$100k2 Year Loyalty CD
0.15%$1k$100k2 Year CD
0.11%$1k$100k1 Year Loyalty CD
0.10%$1k$100k1 Year CD
0.05%$1k$100k3 Month CD
0.05%$1k$100k6 Month CD
0.02%$1k-1 Year No Penalty Loyalty CD
0.01%$1k-1 Year No Penalty CD

Atlantic Union Bank IRA Rates

1.50%$1k-13 Month IRA Special
1.25%$1k-9 Month IRA Special
0.31%$1k$100k5 Year Loyalty IRA
0.30%$1k$100k5 Year IRA
0.26%$1k$100k4 Year Loyalty IRA
0.25%$1k$100k4 Year IRA
0.21%$1k$100k3 Year Loyalty IRA
0.20%$1k$100k3 Year IRA
0.16%$1k$100k2 Year Loyalty IRA
0.15%$1k$100k2 Year IRA
0.11%$1k$100k1 Year Loyalty IRA
0.10%$1k$100k1 Year IRA
0.05%$1k$100k3 Month IRA
0.05%$1k$100k6 Month IRA
0.02%$1k-1 Year No Penalty Loyalty IRA
0.01%$1k-1 Year No Penalty IRA


Richmond Area

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