Ulster Bank current accounts

Cash back rewards, emergency cash and other unique perks make an Ulster Bank current account worth considering.

Ulster Bank is one provider that is making day-to-day banking much more enjoyable, with unique perks and a reward scheme for you to earn money back when you shop. There are Ulster Bank current accounts to suit people in any stage of life – read on to find out how you could benefit from one.

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2 €

Maintenance fee

0.35 €

ATM fee

Compare Ulster Bank current accounts in Ireland

Name Product Maintenance fee Fee period ATM transaction fee
Ulster Bank Current Account
2 €
Monthly
€0.35 per withdrawal
A current account which offers unique perks and a reward scheme for you to earn money back when you shop. You can set up text alerts so you can be informed of certain activity, get a balance update at a time specified by you, and more.
Ulster Bank Standard Account
2 €
Monthly
€0.35 per withdrawal
A straightforward current account that gives you a Visa debit card and lets you withdraw up to €500 cash per day.
Ulster Bank Foundation Account
0 €
Monthly
€0
A hassle-free current account which lets you withdraw up to £300 cash per day. You could also access an emergency Cash service if your debit card is lost or stolen.
Ulster Bank Private Account
36 €
Monthly
€0
An exclusive current account that lets you utilise the services of your own Private Relationship Manager and relationship support team.
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Must read: Ulster Bank to shut down in the Republic of Ireland

Ulster Bank has announced it will close down its business in the Republic of Ireland. The closure will take place over the next few years. If you have a current account with Ulster Bank you may want to consider switching.

No new customers will be accepted from 1 November 2021. However, existing customers can still apply for mortgages or overdrafts.

Ulster Bank services will still be available in Northern Ireland.

A bit about Ulster Bank

Ulster Bank was first founded back in 1836 and is now a wholly owned subsidiary of The Royal Bank of Scotland Group.

Being able to leverage the capabilities of RBS and through investments in technology and its people means Ulster Bank can offer an impressive service to its customers and provides day-to-day banking for all ages, savings, credit card, mortgage, loans and insurance products.

Key features

  • Ulster Bank rewards. When you register your Visa debit card with the Ulster Bank rewards programme, you can enjoy cashback bonuses when you shop at participating Ireland retailers. Offers are delivered to your inbox and you get cashback into your account within five business days.
  • Get cash. If you need to give someone cash, you can get a secure cash code from the mobile app for that person to withdraw money from your account at an ATM.
  • Smartphone payments. Use your debit card for Google Pay and Apple Pay purchases.
  • Text alerts. Set up text alerts on your Ulster Bank current account so you can be informed of certain activity and get a balance update at a time specified by you.
  • Mobile banking. Make payments without a card reader or use the mobile app to withdraw cash from an ATM.
  • Emergency cash. Withdraw up to €300 from a cash machine if your card is lost or stolen, as long as you have at least €25 in your account.
  • Overdraft. Subject to credit review and approval you can add an overdraft facility to your Ulster Bank current account for times when you have unexpected expenses.
  • Facial recognition. If you have an iPhone X, you can use your face to log in to your mobile app with Face ID technology.
  • Store digital loyalty cards. Don’t get stuck at the till searching for the right loyalty card. Digitally store all your loyalty cards on Ulster Bank’s mobile app.
  • Virus protection. Protect up to 10 of your devices including your computer, phone and tablet with Malwarebytes.

What current accounts does Ulster Bank offer?

Fees and charges

Ulster Bank charges fees for transactions and has a monthly maintenance fee of €2.

  • ATM withdrawals: €6, or €0.35 (at Ulster Bank, RBS or NatWest ATMs, or in Euros within SEPA)
  • Contactless payments: €0.01
  • Debit card: €0.20 (for purchases in Euros within SEPA, Apple Pay and Google Pay)
  • Automated payments: €0.20 (direct debits, standing orders, payments and transfers through internet and phone banking)
  • In branch/counter: €0.80 (cash and cheque withdrawals, cash and cheque lodgements, bank draft lodgements and withdrawals)

Other charges as well as the above might also apply.

How do I avoid paying fees?

It’s possible to have your transaction fees waived if you keep a minimum of €3,000 in your account at all times, but you’ll still need to pay the monthly maintenance fee.

Accountholders aged 66 and over will not be charged any maintenance or transaction fees.

Verdict

Ulster Bank current accounts have a great range of perks and benefits, some of which aren’t currently offered by other banks and are well worth considering. But before you make a final decision be sure to use our table above to compare other current accounts available in Ireland.

And if you’re in the Republic of Ireland remember that Ulster Bank will close there over the next few years – you can still open an account if you want to, but it’s definitely a good idea to see what other current accounts are out there too.

How to sign up for an Ulster Bank current account

Opening an Ulster Bank current account for the first time should be hassle-free and you should be able to use your account in no time.

Whilst you can visit a branch to open an account, you can also do so from the comfort of your own home over the phone or online. Take a look at our step-by-step guide for applying online:

  1. Visit the Ulster Bank Current Accounts section on its website
  2. Click on “Apply Now”.
  3. Select which current account you wish to open and whether you would like an individual account or a joint account.
  4. Complete the online application form.
  5. You should receive an email from Ulster Bank. You’ll will then need to provide proof of identification and proof of address. This could be a valid driver’s licence or passport and a mortgage statement or utility bill.
  6. Your account is processed and open.

Compare a range of current bank accounts in Ireland

Name Product Maintenance fee Fee period ATM transaction fee
VIALET Current Account
0 €
Monthly
€2 + 2% per withdrawal
An IBAN account you can use to manage your money and spend in over 200 countries worldwide, fee-free.
N26 Bank Account
0 €
Monthly
€2 per withdrawal
Benefit from no monthly fee, no currency conversion fees and a raft of in-app budgeting features to help you save.
Wirex Standard
0 €
Monthly
2% per withdrawal

Get a Welcome Bonus of $15 USD in WXT when you sign up with Wirex through Finder.

Benefit from an array of digital payment features, including a free prepaid Wirex card and unlimited fee-free transfers at interbank rates - with zero monthly subscription fee.
Wise Multicurrency Account
0 €
Monthly
€0.50 + 1.75% per withdrawal
Wise (formerly TransferWise) is an international account with over 50 currencies, instant and very convenient money transfers, a card to spend in any currency, bank details to be paid in 30 different countries and multi-currency direct debits.
Revolut Standard
0 €
Monthly
€1 + 2% per withdrawal
Enjoy no monthly fee, no currency conversion fees up to €1,000 per month and hold an array of currencies in your account.
AIB Student Account for 2nd Level Students
0 €
Monthly
€0
A current account for students aged between 12 and 18 years, who are in part time or full-time second level education. If you apply for a debit card, AIB will cover the annual Government Stamp Duty.
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