In recent years, the Nigerian banking industry has been hit with a wave that has made some other banks to fold, transferring ownership or a merger with other banks. But however, one of the banks that have survived the wave and are still very much in progress in their banking operations is the United Bank for Africa popularly known as UBA.

The bank was founded in 1948 but was incorporated in Nigeria on 23rd February, 1961. The bank happens to be the first Bank in Nigeria to undertake an Initial Public Offering (IPO) after been listed in the Nigerian Stock Exchange in the year 1970. And during the past years, the UBA has struggled to stand firm, moving stronger and acquiring other banks in its growth process.

Here Are The Banks They Have Acquired

  • In 2005, they acquired Standard Trust Bank
  • In 2005, they also acquired Continental Trust Bank
  • And in 2006, they also acquired Trade Bank

The United Bank for Africa (UBA) has developed another innovative services to help their customers to have easy access to their services thereby improving the quality of service rendered to their customers. It is good to know that this product known as U Direct is a very customer friendly service and also functions effectively.

How The Udirect Services Work

The UBA Udirect is an Internet Banking service initiative that is offered by United Bank for Africa. However, this service allows customers to perform and complete financial transactions online from the comfort of their offices, homes or even while travelling.

The udirect allows customers to have access to services that includes;

  • Payments of salaries
  • Information about their Account
  • Monitoring their loan
  • Bill payments
  • Make Funds Transfer
  • Get a Secure Email service,
  • The maintenance of cheque book
  • And much more.

For you to access Udirect, you need to visit the UBA official web portal. Then you will be asked as a requirement to register before you can use this service. The Udirect is available 24 hours to individuals and corporate bodies on all browsers. With an internet connection, the Udirect platform can be accessed on Laptops, mobile phones, Tablets, etc.

The UBA Business Direct

Please note that the corporate Udirect service is called UBA Business Direct. However, this online based web portal is a service that aids easy management of corporate funds and transactions.

To use the UBA Business Direct, the transactions below can be carried out in the comfort of your office or home.

  • You can perform corporate payments.
  • You can perform liquidity management.
  • You can do receivable management.
  • You can do cash forecasting.
  • You can do investments.
  • You can perform account aggregation.
  • You can perform financial Supply chain
  • Get Corporate Mobility via the mobile App

All these service can be accessed on your mobile devices. And to enjoy the wonderful benefits of this service, you will need to register on the platform.

Here Are The Charges Per Transaction On Udirect

If you are doing Intrabank transactions, that is transactions from UBA to UBA accounts, the service will be free of charge. And if you are doing interbank transactions, that is a transfer from UBA to another bank as well as bill payments, you will be charged a flat rate of N100. An Interbank transfers of the sum of N10m will attract a charge of N157.50 and for amounts above N10m, a charge of N367.50 will be charged.

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