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How ucublutm Works

The ucublu High-Interest Virtual Savings account can only be accessed virtually, by secure Internet connection or by phone, therefore we pass on the cost savings of servicing the account to you in the form of premium interest rate.

  • ucublu is designed to build savings, so no daily banking transactions allowed!* (If you wish to make daily banking transaction using our virtual account structure then you can use a ucublu tooTM account for no-fee daily banking instead.
  • You can access your money in a ucublu account from your regular full service UCU personal account (the two are automatically linked via our online banking system.**
  • Transfer funds from another financial institution into your ucublu by direct deposit.
  • ucublu provides you with convenient ways to directly deposit your payroll or pension.
  • ucublu statements are available on-line 24/7. A printed statement is mailed to you once a year in January.
  • Sign up for ucublu on-line or by calling our Call Centre at 416-922-4407 or 1-800-461-0777
  • UCU Call Centre support and balance inquiries for ucublu are free. Kindly note, actual transfers to and from ucublu performed by the Call Centre are subject to a $5/transaction service charge.

*One free debit per month. A $5.00 service charge applies for every subsequent debit.

**Please note that a transfer from your ucublu account to your regular savings account at UCU is counted towards the number of free and chargeable transfers on your ucublu account.