Cash Reserve Account Forbearance

We're here to help

We are taking action to assist our Consumer and Business Cash Reserve Account clients impacted by the COVID-19 outbreak by offering payment relief options during this challenging time. This includes the option to enroll in a 6-month forbearance plan. 

Summary of 6-month forbearance plan:

  • Flexibility to make no, partial or full monthly payments during the plan
  • Suspension of Cash Reserve Advance Fees during the plan
  • Interest will be waived during the plan

Please note that after the relief period ends, all standard account terms, such as interest and the Cash Reserve Advance fee, will be reinstated.

As a reminder, your checking account is linked to your Cash Reserve Account, and, after the program, the bank may automatically deduct the Minimum Monthly Payment.  See your Cash Reserve Account Agreement and Disclosure, and Addendum (if applicable) or your Business Cash Reserve Disclosure and Agreement for more details.  

Once your request for the forbearance plan has been processed, a confirmation letter will be mailed to you within 7-10 days.  If you would like to request this forbearance plan on your Union Bank Cash Reserve Account, please start here: 

Request Consumer Forbearance
Request Business Forbearance