Not For Profit Account

Not For Profit Account | Business Banking | Ulster Bank

Everyday account for charities, clubs and societies.

Plus, enjoy fee-free banking for 24 months.*

*Your turnover must not exceed £250K a year. Business banking T&Cs apply. Existing customers may avail discounts. Contact us for eligibility.

Please choose which is most like your new business

Small/Medium

Your annual turnover is likely to be under £2 million.

Large

Your annual turnover will exceed £2 million.

The need-to-knows

Is your business eligible?

Your business must be a:

Charity

Community / Voluntary Organisation

Social Enterprise

Religious Organisation

Community Development Financial Institution

Great - If your business has Deemed Charity* status or can prove they have been approved for inclusion on the Register of Charities by the NI Charity Commission, you can avail of our Not for Profit (NFP) package

Note: Credit Unions and Education establishments are not eligible for this package under our NFP proposition.

*Deemed Charity is a charity recorded on the NI Charity Commission’s published of Deemed Charities.

What is the reduced fee package?

Which flexible banking offer applies to you?

Eligibility	Offer
Annual turnover less than £250k	Fee free transaction banking for 24 months
Annual turnover between £250k - £1m	Fee free transaction banking for year 1 reverting to 50% discount on year 2
Annual turnover exceeds £1m	50% discount on banking transaction for 2 years

Note: All fees are reviewed after the two year discount period, Business current account Terms & conditions apply.

If you are a Deemed Charity and already hold a current account with Ulster Bank, you may avail of fee discounts. Contact our team to confirm eligibility.

What does transaction free banking mean?

It means that the standard charges for the day to day running of your account, commonly known as your 'transaction fees', will not apply for the first two years after the account opening date.

'Additional charges' and 'unarranged borrowing' charges are not part of the banking offer and will apply from account opening. Fees discounts are subject to change and availability.

Please see our brochure A Guide to Business Current Account Fees (PDF, 241KB)