Frequently Asked Questions
Find quick answers to common questions about our services.
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What is Union Monique Bank?
Union Monique Bank is a fully licensed digital bank offering personal and business accounts, international transfers, loans, and card services - all accessible online and through our mobile app.
What Is Bank Account?
A bank account is a financial account maintained by a bank or other financial institution in which the financial transactions between the bank and a customer are recorded.
How do I create my account?
Registration is quick and takes just a few minutes. Click 'Open an Account', fill in your details, verify your identity, and you're ready to go.
How long does a deposit take to appear in my account?
Most deposits are available the same business day. ACH transfers typically post within 1–2 business days. Wire transfers received before the daily cutoff are usually available the same day.
What Are The Requirements For Business Loan?
If you received a Paycheck Protection Program (PPP) loan, loan forgiveness isn’t automatic. You need to apply if you want your loan forgiven. You may need to include bank account statements on your PPP forgiveness application.
Lenders want proof of your business’s incoming money. As a result, you may have to show your bank statements to the lender when you apply for a business loan. The lender reviews the statements to determine if you are a good fit for a loan.
How long does it take to process a withdrawal to an international bank?
International transfers are typically processed within 1–3 business days, depending on the destination country and receiving bank.
Can I have more than two accounts?
Each customer is permitted one personal account. Business customers may apply for additional accounts by contacting our support team.