Universal Bank has six branch locations in California: West Covina, Rosemead, Monterey, Arcadia and Los Angeles. It is a member of the Allpoint network, which gives its customers access to more than 37,000 ATMs nationwide. Its offerings include business checking and savings and commercial loans. It is rated A+ by the Better Business Bureau and four stars on Yelp and Bankrate.
Universal Bank Business Checking Rates & Fees
|Monthly Fee||$20 per month if balance requirement not met|
|Minimum Balance Requirement||$1,500|
|Transaction Fee||Unlimited check writing|
|Wire Transfer Fee||Incoming: $12|
Outgoing (domestic): $30
Outgoing (foreign): $45
|Cash Deposit Fee||Cash deposit/withdrawals - Currency process (per unit): $1.30|
|Overdraft Fee||$25 each|
|ATM Fee||Non-Universal Bank ATM fee: $1.50 each|
Universal Bank Network
Universal Bank operates six branches in California and offers its customers access to more than 37,000 surcharge-free ATMs nationwide through the Allpoint network. You can use its branch locator to see what locations are closest to you.
Universal Bank Additional Business Banking Services
Universal Bank also offers the following business services: mobile and online banking, business savings and money market accounts and commercial real estate loans. Currently, it doesn’t offer business credit cards, wealth management or any business loans. Find out more about its small business offerings on its website.
|Online & Mobile Banking||✓|
|Money Market Accounts||✓|
|Commercial Real Estate Loans||✓|
|Business Line of Credit||x|
|Business Credit Cards||x|
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