Looking for the updated Union Bank salary structure and allowance in Nigeria? You’re not alone. Thousands of banking professionals, fresh graduates, and job seekers want to know how much Union Bank pays at every level, what benefits come with employment, and how the salary and allowances stack up in today’s economy.
Whether you're considering a teller role, aiming to become a branch manager, or exploring executive roles, this detailed guide gives you everything you need to know from entry-level take-home pay to top-tier executive packages, from allowances to bonuses, career progression, and real cost-of-living comparisons.
Who Is Union Bank of Nigeria?
Union Bank of Nigeria is one of Nigeria’s oldest commercial banks. Founded in 1917, it has maintained a strong retail, corporate, and SME banking presence. The bank is known for its steady growth, employee development programs, and nationwide footprint.
Because Union Bank is publicly listed and regulated by the CBN, its salary structure and benefits tend to be formalized, transparent, and consistent across roles.
Overall Salary Snapshot (2025)
Here’s a quick glance at the Union Bank salary structure and allowance breakdown by staff level and role:
| Level / Role | Monthly Base Salary (₦) | Total Monthly Take‑Home (₦) |
|---|---|---|
| Teller / Customer Service Officer | 150,000 – 190,000 | 180,000 – 230,000 |
| Relationship / Credit Officer | 200,000 – 300,000 | 250,000 – 350,000 |
| Branch Supervisor / Senior Staff | 300,000 – 500,000 | 350,000 – 600,000 |
| Branch Manager | 600,000 – 800,000 | 700,000 – 1,000,000 |
| Zonal / Regional Manager | 900,000 – 1,200,000 | 1,000,000 – 1,500,000 |
| Head of Department / Specialist | 1,200,000 – 1,800,000 | 1,500,000 – 2,500,000 |
| Executive (C‑level) | 2,500,000 – 5,000,000 | 3,000,000 – 8,000,000+ |
This table shows that when allowances and bonuses are included, Union Bank’s salary structure becomes very competitive.
1. Teller / Customer Service Officer Salary
Who Are They?
These are entry-level staff who handle customer transactions, cash deposits, withdrawals, account setups, and resolve basic inquiries. They serve at the frontline.
Base Salary & Allowances
Base Salary: ₦150,000 – ₦190,000 per month
Transport Allowance: ₦30,000 – ₦50,000
Lunch / Feeding Subsidy: ₦10,000 – ₦20,000
Mobile Airtime/Data: ₦5,000 – ₦10,000
Health Insurance (HMO): Employer contributes monthly
Pension: Employer contribution as per law
Monthly Take-Home
With allowances, total monthly earnings can reach ₦180,000 to ₦230,000
Daily Life
Tellers often live close to branches, travel by bus or in company shuttle, eat staff-provided or allowance-funded meals, and appreciate job stability with structured shifts.
2. Relationship / Credit Officer Salary
Who Are They?
Mid-level client-facing staff responsible for managing client relationships, processing loans, and supporting sales growth in SME or personal banking.
Base Salary
₦200,000 – ₦300,000 monthly
Allowances & Extras
Transport / Fuel: ₦50,000 – ₦80,000
Feeding / Entertainment: ₦20,000 – ₦40,000
Monthly Commission / Incentives: ₦10,000 – ₦60,000 (based on targets)
HMO + Pension: Standard
Professional development budget (CIBN, ICAN, etc.)
Total Monthly Income
Range is ₦250,000 – ₦350,000
What They Do
These officers drive new account openings, loan disbursements, and advise clients. They enjoy more autonomy and better earnings than front-desk staff.
3. Branch Supervisor / Senior Staff
Who Fits This Role?
These include senior credit officers, audit leads, or assistant branch managers supporting branch operations.
Base Salary
₦300,000 – ₦500,000 monthly
Allowances & Perks
Housing Stipend / Utility: ₦50,000 – ₦100,000
Transport / Vehicle Maintenance: ₦60,000 – ₦120,000
Food / Client Hosting: ₦30,000 – ₦60,000
Performance Bonuses: ₦50,000 – ₦150,000 quarterly
Training & Career Development Funds
Total Monthly
Estimates show ₦350,000 – ₦600,000 comfortably.
Responsibilities
Supervisors oversee teller teams, ensure compliance, support branch managers, handle escalations, and sometimes manage key client relationships.
4. Branch Manager Salary
Role Summary
Branch Managers drive P&L, member performance, risk management, staff performance, and community relations.
Base Salary
₦600,000 – ₦800,000 monthly
Allowances
Official Car / Car Loan: ₦100,000 – ₦250,000 transport
Housing Allowance: ₦100,000 – ₦200,000
Client Hospitality: ₦50,000 – ₦100,000
Performance Bonus: ₦150,000 – ₦400,000 quarterly/yearly
6–12 Months employment bonus, training funds, leadership allowances
Total Monthly Income
Can reach ₦700,000 – ₦1,000,000, sometimes higher with exceptional performance.
Work Life
Branch managers liaise with community, set goals, monitor risk, and mentor teams. They also report to the area manager and regional head.
5. Zonal / Regional Manager Salary
Role Overview
This senior role oversees multiple branches, implements bank strategy, ensures compliance, and drives business across a zone.
Base Salary
₦900,000 – ₦1,200,000
Allowances & Perks
Transport / Mobility: ₦200,000 – ₦400,000
Housing / Accommodation: ₦200,000 – ₦300,000
Zone-level Bonuses: ₦300,000 – ₦700,000 annually
Leadership Allowance: Office and staff budgets
Professional Training and International Conferences
Total Monthly
Often ₦1,000,000 – ₦1,500,000+
Responsibilities
Regional managers are responsible for business performance, risk management, team development, branch infrastructure, and capital allocation. They also present to the executive board.
6. Specialist & Head of Department Pay
Who Are They?
Includes Head of IT, Risk, HR, Treasury, Marketing – senior specialists with technical or leadership roles.
Base Salary
₦1,200,000 – ₦1,800,000 monthly
Allowances
Executive Transport / Housing: ₦200,000 – ₦400,000
Project budge for initiatives
Annual Bonus: ₦500,000 – ₦1,500,000
Equipment Stipend: Laptop, mobile, software
Board-level training
Total Monthly Take-Home
Ranges ₦1,500,000 – ₦2,500,000+
Role Impact
These leaders craft policies, build strategy, manage departments, and ensure alignment with bank goals and compliance.
7. Executive (C-level) Compensation
Role Description
Includes CEO, CFO, COO, CTO, CMO and other top officers who shape the bank's overall direction.
Base Salary
₦2,500,000 – ₦5,000,000+ monthly
Package Inclusions
Equity / Stock Options
Company Car or Allowance: ₦300,000 – ₦800,000
Housing or Housing Allowance
Full Health (Family) Insurance
Signing Bonus and Expat package (if applicable)
Generous Annual Bonus tied to profitability, share value
Total Compensation
Could exceed ₦3,000,000 – ₦8,000,000+ per month
Leadership Role
Executives set culture, strategy, manage stakeholders, report to board, and ensure regulatory compliance and profitability.
Cost of Living vs Union Bank Salary
Let’s compare monthly costs in Lagos with typical Union Bank take-home salary:
| Role | Salary (₦) | Monthly Expense (₦) | Comfort Level |
|---|---|---|---|
| Teller / Officer | 180k – 230k | 90k | Modest but sustainable |
| Relationship Officer | 250k – 350k | 150k | Comfortable |
| Branch Supervisor | 350k – 600k | 200k | Very comfortable |
| Branch Manager | 700k – 1M | 300k | High standard |
| Zonal Manager | 1M – 1.5M | 400k | Luxury lifestyle possible |
| Specialist / Dept Head | 1.5M – 2.5M | 500k | Affluent and savings possible |
| Executive | 3M – 8M | 700k+ | Top-tier life, investments |
Even entry-level staff can live a basic yet stable life. Mid to senior roles can afford comfortable homes, savings, investments, and school fees.
Pro Tips for Navigating Union Bank Salary Structure
Ask About Allowances during interview – transport, housing, feeding
Track Your KPI Performance – bonuses relate directly
Upskill Professionally – CIBN, Chartered Banker, MBA help negotiation
Network Internally – strong relationships = promotion
Document Achievements – improved recovery, sales, team retention
Be Transparent with Your Salary History to leverage offer
FAQs – Union Bank Salary Structure and Allowance
How much is a teller’s salary at Union Bank?
Between ₦180,000 – ₦230,000 with allowances included in 2025.
Do Union Bank staff get housing allowance?
Yes, senior officers, managers, and above typically do, ranging from ₦50,000 to ₦400,000 based on role.
Are bonuses available?
Yes. Quarterly, yearly, and branch-level bonuses depending on performance.
What do branch managers earn overall?
Between ₦700,000 – ₦1,000,000 monthly, including bonuses and allowances.
How much does a Regional Manager earn?
Total monthly can reach ₦1,000,000 – ₦1,500,000+ depending on zone scale.
Final Thoughts: Union Bank Salary Structure and Allowance in Nigeria (2025)
The Union Bank salary structure and allowance in 2025 shows strong alignment with performance and career tier. From entry-level roles that offer stable living, to branch and zone-level roles with more than ₦1 million take-home pay, Union Bank remains a bank of choice.
If you’re preparing to apply, internally transfer, or negotiate a better package, this guide gives you all the info you need—base salaries, allowances, bonuses, career tracks, and cost comparisons—all in one place.