Union Bank of Taiwan Spreads, leverage, minimum deposit Revealed

Union Bank of Taiwan Information

　　UBOT, short for Union Bank of Taiwan, founded in 1992, is a bank registered in Taiwan. Business includes deposits, loans, credit card services, insurance and so on. However, it is unregulated.

Pros and Cons

Is Union Bank of Taiwan Legit?

　　Union Bank of Taiwan is unregulated. Please be aware of the risks!

Services

　　Union Bank of Taiwan offers a lot of services, which include:

　　a. Accept all types of deposits.

　　b. Extend corporate loans, discount bills and notes, issue domestic letters of credit and conduct accounts receivable factoring.

　　c. Handle exports, imports, foreign remittances, foreign currency loans and guarantees.

　　d. Extend mortgage, auto loans, personal loans and other consumer credits, and provide credit card services.

　　e. Wealth management, trust, custodian business, safe-deposit box rental and certification services for marketable securities.

　　f. Extend the insurance agency business and property insurance business.

　　g. Trade marketable securities and futures on behalf of customers.

　　h. Provide peripheral financial services by acting as collecting and paying agent for public facilities fees, taxes and remittances.

　　i. Conduct other relevant businesses authorized by the competent authorities.