Union Bank (San Francisco, CA)

Overview / Commentary
350 California Street
San Francisco, CA 94104

Union Bank of California is a commercial bank that offers personal, commercial, institutional, and private banking products and services, along with loans and lines of credit to individuals and businesses. The bank’s holding company, UnionBanCal is publicly traded on the New York Stock Exchange (Symbol:UB).

On its personal banking side, Union Bank offers multiple savings and checking accounts designed to help consumers manage and save money. Savings account offerings have monthly service charges unless certain requirements are met and are available as a basic option and a higher interest option. The higher interest savings account requires a large initial deposit and daily account balance. Money market accounts have a monthly fee and require a higher initial deposit than savings accounts, but typically offer higher interest rates in returen. Checking accounts offer features like bill pay, traveler’s checks, and debit cards, but can get expensive depending on the type of account and number of features added. The most basic checking account comes with a free savings account, discounted non-Union Bank ATM fees, and an unlimited supply of checks. Certificates of Deposit (CDs) offer fixed interest rates on term lengths from 7 days to 5 years. The bank also has a professional wealth management group to help institutional and individual investors make decisions about fixed income products like mutual funds and annuities.

Union Bank online banking provides customers with a web-based platform on which they can access their accounts to perform various activities like online bill pay, funds transfer, check image viewing, and account alert monitoring. The bank has also optimized its website for mobile banking and released mobile banking apps to make accessing deposit accounts easy from a smartphone or tablet device.

Union Bank was originally established in 1979 as the Bank of Palm Springs before finally changing to its current name in 2008. The bank is a subsidiary of UnionBanCal Corporation, which is a bank holding company that formed out of the merger between The Bank of California and Union Bank in the late 1990’s. UnionBanCal is itself a subsidiary of the Mitsubishi UFJ Financial Group, which is one of the largest financial organizations in the world. Union Bank is currently headquartered in San Francisco, California, and serves its customers through numerous branches located across several states.

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Excellent Service And Rates

Posted by: |

Although we are a small business, we have been with Union Bank for 2 years now, and the customer service is excellent.

Caveat Emptor=Buyer Beware

Posted by: |

I recently open an account with Union Ban and never had any issues with customer service. When I started using there online service I notice I was being tracked by cookies. Union Bank allows Core Metrics Foresee Results to track you while you are signed into their "secure web page". I have never heard of a bank using cookies to track while I am viewing my personal financial information.

When I ask why the first response I received was "you can delete cookies". After speaking with three people no one could answer why they were tracking me and using cookies while I was view personal financial information.

Caveat emptor=Buyer beware.

Union Bank Lost A Customer.

Posted by: |

Tried to open an account today at Union Bank to deposit a large amount of money in a CD.
Was told the next appointment was in two days.
Union Bank just lost a customer, and I am earning more interest at an online bank.

Union Bank an okay bank

Posted by: |

I have been a customer of Union Bank for several years now and the only reason I stay with them it's because their bank is really near from were I live, and also their fees are not that bad compared to the other banks. Their customer service is good if I must say so myself, there is always someone available to help you and they solve any inquiries you have in a matter of time. One thing I don't like about Union Banks is that they lack Web/Mobile experience, I think they don't even have a mobile app yet, and their web service is lacking. Overall It's an okay bank so don't expect much from them.



Health Grade Components

FDIC Certificate #22826
Year Established1979
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.54%
Return on Equity - YTD4.24%
Annual Interest Income$1.59B
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$124.7B$133.2B
LoansQ2 2022vs Q2 2021$78.95B$77.68B
DepositsQ2 2022vs Q2 2021$92.38B$105.2B
Equity CapitalQ2 2022vs Q2 2021$15.53B$16.05B
Loan Loss AllowanceQ2 2022vs Q2 2021$723.5MM$846.4MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$392.0MM$733.8MM
Real Estate OwnedQ2 2022vs Q2 2021$0$251.00K
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Always verify rates and promotions with the bank or credit union. We are not Union Bank (San Francisco, CA); we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Union Bank (San Francisco, CA) Savings Account Rates

0.01%--Business Savings
0.01%--Bank Freely savings

Union Bank (San Francisco, CA) Money Market Rates

0.05%--Money Market Account
0.05%--Business Money Market Account

Union Bank (San Francisco, CA) Checking Account Rates

0.05%*$2.5k*-Priority Banking Checking Account
OTHER TIERS: 0.01% Up to $2.5k

Union Bank (San Francisco, CA) CD Rates

4.30%$350-24 Month Promotional CD
4.15%$350-18 Month Promotional CD
4.00%$350-15 Month Promotional CD
0.75%$350$1m36 Month CD
0.60%$350$1m24 - 35 Month CD
0.35%$350$1m18 - 23 Month CD
0.15%$350$1m12 - 17 Month CD
0.10%$350$1m180 - 364 Day CD
0.05%$350$1m32 - 89 Day CD
0.05%$350$1m90 - 179 Day CD
0.05%$2.5k$1m7 - 31 Day CD


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