Vienna, Va. – United Bank announces the launch of a new personal checking account option, United Essential Checking, designed to help customers establish a strong financial foundation with tools to assist them in smartly managing their money – with no minimums and no overdraft fees. The Bank joins more than 200 financial institutions participating in the Cities for Financial Empowerment Fund’s national Bank On platform, which supports efforts to connect consumers to safe, affordable bank accounts.
“We are proud to offer an array of innovative products and services to meet the unique needs of customers throughout our footprint,” said Chad Mildren, Chief Consumer Banking Officer, United Bank. “United Essential Checking joins our diverse line-up of personal checking products and will allow us to serve new, unbanked and underbanked customers with a secure and low-cost option to help them achieve financial stability.”
According to the FDIC, approximately 5.9 million households are unbanked, with no checking or savings account. Paying for banking alternatives can be costly and can prevent the unbanked and underbanked from building wealth. To demonstrate its commitment to financial inclusion, through its new product, United Bank aims to help more customers who are looking to improve their finances create a secure, sustainable financial future for themselves and their communities.
United Essential Checking is a “check-less” account1 that includes no overdraft fees, no required minimum balance and no monthly fees for customers 25 and younger*. In addition, customers have access to free mobile and online banking2 and a personal finance budget tool. United Essential Checking also includes a free United Bank Visa® debit card, free Mobile Wallet with Apple Pay®, Google Pay™ and Samsung Pay® and free mobile deposits, Zelle® transactions and transfers among other services.
United Bank offers an array of checking account products that also include United Free Checking, United Rewards Checking, United Platinum Checking and Veterans Checking. United is dedicated to providing local decision-making and the personalized service its customers have come to expect since its founding in 1839, with the insights, technologies, products and services of a large bank – and a deep commitment to the communities in which it operates.