Business Bank Accounts | Ulster Bank Northern Ireland

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Business Bank Accounts

Choose Ulster Bank business banking

You may have heard we plan to begin a phased withdrawal from Ulster Bank’s Republic of Ireland business over the coming years. There will be no immediate changes for customers and we anticipate that our withdrawal will take a number of years to allow a smooth transition. 

 

There are no changes for Ulster Bank Northern Ireland customers.

Man applying for a Business Bank Account
Add your signposting title here…

Applying online for a Business Bank Account

Find out more about our Business Bank Account
4 reasons to choose Ulster

We’re open for UK businesses

1

We're helping so many businesses across Northern Ireland. Why not be part of the success?

We’re experts in most fields

2

We have customers in most sectors, so you can be confident with our expertise and support.

We offer a support network

3

You'll receive your own Relationship Manager (turnover and eligibility criteria apply).

Our app makes it easier for you

4

With fantastic features, our app can do the heavy lifting, so you can focus on your business. (eligibility criteria applies).

Add your signposting title here… Switch to Ulster Bank

The Current Account Switch Service will do all the work when it comes to switching, moving everything across from your old account to your new account, all within 7 working days, including Direct Debits and standing orders. All you need to do is tell us the details of your old bank account and when you want the switch to start.

Current Account Switch Guarantee (PDF, 64KB)

Your Guide to switching your account to us (PDF, 577KB)

How does the Switch service work?

Add your signposting title here… Free accounting software? Yes please.

FreeAgent accounting software gives you a clear, real-time view of your business finances.

As an Ulster Bank business current account holder, you can access FreeAgent for free as long as you retain your bank account. You’ll get the complete package, including:

  • Multi-currency invoices, expenses and bank accounts in one place
  • Real-time cashflow overview
  • Tax returns you can submit directly to HMRC at the click of a button
Find out more about FreeAgent
View guide
Add your signposting title here… What you’ll need to open an account

Participating providers of UK business bank accounts have agreed to a basic set of information that they will need from you to set up your UK business current account.

Find out what you’ll need to provide using the simple business banking checklist from UK Finance, the UK’s leading trade association for financial services. 

See how we compare in the market

If you're wanting to see how our business overdraft, loans and business bank account products compare against others in the market, you can compare them at the following websites, as suggested by the UK Government's Competition and Markets Authority: 

Add your signposting title here… Have a look at some of our service measures

If you want to see how we have performed in key service areas, you can get a detailed view here.

Ulster Bank performance indicators (PDF, 105KB)
Add your signposting title here… Useful info about our business accounts

Can I switch banks after taking out a loan?

You are able to switch your Business Current Account or your business banking to another provider while retaining your business loan with us. We may require you to open a fee free loan servicing account and will confirm if this is required as part of the switching process. A fee-free Loan Servicing Account is not a Business Current Account. This account will purely be used to facilitate your loan and will be free of any transaction charges.

Add your signposting title here… Confirmation of Payee

Confirmation of Payee is a way of giving you greater confidence that you are sending your payment to the intended recipient.

It is, in essence, an ‘account name checking service’ that can help avoid payments being misdirected due to errors or fraud.

Learn more about CoP
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