Become a UCU Member and Open a Savings or Chequing Account Online

You no longer need to visit a local branch to open an account. With UCU, you can now become a Member and open a Savings or Chequing Account using your computer – at anytime from anywhere.

Enjoy the same benefits of traditional UCU accounts – along with the security that your eligible deposits will be insured by the Financial Services Regulatory Authority of Ontario (FSRA).

Quick and Secure

Opening a UCU savings and chequing account online is quick, convenient and secure - it takes less than 5 minutes to complete the application process.

Before you Start

✔  You must be a current or future Ontario resident, or employed in Ontario

✔  You must be at least 18 years of age

✔  Have your Social Insurance Number handy

✔  Be prepared to deposit $150 into a UCU Membership Equity Account 

7 Step Application Process

You can open an individual or joint UCU Savings and/or Chequing Account in less than 5 minutes.  We’ve simplified the application process to make it easier for you to open an account. Here is a rundown of our 7 step application process.

Welcome – This page will determine your eligibility to apply online. If you are an Ontario resident (or work in Ontario) and are over 18 years of age you can continue with the application.

Accounts – Select the account you want to open – Savings, Chequing or both. You also have the option to add overdraft protection to your Chequing account.

Personal – Provide your name, date of birth, social insurance number and contact information. Your social insurance number is needed to issue income tax slips.

Employment –State your employment status, employer name & contact information, occupation and income. If you are a student, retired or unemployed, you are also eligible to apply online.

Compliance – These questions are required to determine adherence to government legislation. You must disclose if you are a tax resident of a jurisdiction other than Canada – and if you, or a family member, are a politically exposed foreign or domestic person.

Finalize – Review your application – you will have an opportunity to edit the information you provided before you submit your application. Read & accept our Terms and Financial Service Agreement.  

First Deposit – You will receive a separate email with instructions on how to make your first deposit to activate your membership. Deposit $150 into the UCU Membership Equity Account from another existing bank account using Interac e-Transfer or online money transfer – parents, family members or friends can use these options to make the first deposit on behalf of children. Or download the UCU mobile app, and use ‘Deposit Anywhere’ to deposit a cheque issued to you.

Debit Card

After your application has been approved, you will be provided a debit card from any branch for your new account(s).

Call Centre Help

Our UCU Call Centre can help with any questions you may have at any stage of the application process. Call 1.800.461.077 for more information.

Become a Member

If you are ready to become a UCU Member and use our great services, you can start your application process any time by visiting the UCU Signup Page.