The first pawning wipe out draw of Union Bank was held on 12th November 2010 at the Union Bank Head Office in Colombo. RanOne Wipe Out promotion of Union Bank is the first ever such draw a Bank has held, providing its customers a chance to take their pawned jewellery home for free. The draw attracted many new customers to Union Bank. The winners who won the first, second and third prizes of Rs. 100,000, 75,000 and 50,000 respectively are from Vavuniya and Kurunegala branches of Union Bank. The highlight of the draw was that all 3 winners were able to totally wipe out their capital and interest on the pawned items and take their jewellery home for free.

Union Bank launched the wipe out promotion giving customers a chance to take back home their pawned jewelry absolutely free during July 2010. The promotion is the first of a kind in the banking history of Sri Lanka.

RanOne pawning service of Union Bank offers attractive rates for gold at the lowest interest rate. In addition to the attractive rates, the speedy and efficient service has attracted many customers to use this service from Union Bank.