Brexit Hub | Ulster Bank

Brexit Hub


What it means for business

Add your signposting title here… Brexit

Our number one priority is to serve and support our customers.  

The UK is due to leave the EU on 31 January 2020 at 23.00 GMT. The Withdrawal Agreement Bill has now been passed by the UK Parliament.  

There should be no change to your banking services during the transition period, which is due to end on 31 December 2020. We’ll continue to support you and keep you informed and updated.

You can find out more about what the UK leaving the EU means for you by taking a look at information on this webpage and helpful customer guides.

Leaving the EU

Your Brexit Guides:

Brexit Hub | Ulster Bank Is your business prepared?

Do you have your EORI number yet?


If your business is VAT registered and you already trade exclusively with the EU you should be issued with an EORI number by HMRC automatically. If you don't have one, apply here.

Apply for an EORI number

Check your cash-flow and inventory


Consider if there are any changes to your supply chains and whether you’ll need cash tied up in stock or unfinished goods given the interconnected nature of supply chains.


Cash management and payments


Consider reducing exposure to exchange-rate fluctuations and simplify international payments.

Look after your people


If you employ staff who are EU citizens, take a look at the UK Government’s Employer Toolkit intended to help support you with the impact of the UK leaving the EU on your staff.

Visit the UK Government's employer toolkit

Think outside the box


The UK leaving the EU is likely to provide opportunities to trade with markets that you may not have considered before. Now could be the time to research expansion into new markets beyond Europe, launch new investments or consider diversification.

What Brexit means for business

There should be no change to your everyday banking services throughout the transition period.

We’re closely monitoring the situation and we’ll let you know should any changes be required. Our aim is to continue to provide you with the same level of service and range of products as we do today.

We’re committed to helping you and your business succeed. With our experience, we’ll continue to support you with the opportunities and challenges that the UK leaving the EU could potentially bring to your business.

How we are prepared for Brexit

As our business is largely UK-focused, the direct impact on Ulster Bank is not as significant as it is for many other banks.

We’ve already made changes to the way we’re organised to ensure we can serve customers when the UK leaves the EU.

We’ve been operating our banking entity in the Netherlands, NatWest Markets N.V. since 25 March 2019. We’re serving some of our non-UK EEA customers and have transferred some of our Western European Corporate Coverage business into NatWest Markets N.V.

We’ve established our NatWest Bank Branch in Frankfurt, which allows us continued access to the Financial Markets infrastructure in Germany to support Euro Payments and Euro Liquidity via the Bundesbank.

Our Ulster Bank Ireland DAC business will continue to provide services for our customers that live, invest and do business in the Republic of Ireland.

We’ve been involved in consultations with key UK and EU bodies. We continue to work with the UK Government, Bank of England, HMT (HM Treasury), trade organisations, our regulators, the PRA (Prudential Regulation Authority) and FCA (Financial Conduct Authority) and UK Finance to understand what the future UK-EU relationship means for Financial Services .

What happens next?

The UK will remain a member of the EU until 31 January 2020 after which a period of transition follows until 31 December 2020.

We’ll continue to update you with the latest guidance on this webpage.

Withdrawal Agreement

Icon expand What is the Withdrawal Agreement?

The Withdrawal Agreement sets out the terms of the UK’s exit from the EU, including provisions for a transition period until 31 December 2020.


Icon expand What is the Political Declaration?

The Political Declaration sets out the framework for the future relationship between the UK and the EU. It covers trade and economic cooperation with the EU, alongside agreements on security and other areas. The UK and EU will use this framework as the starting point for negotiations on the future UK-EU relationship.


Icon expand What is the transition period?

The Withdrawal Agreement includes a transition period until 31 December 2020. It allows the UK to continue to participate in the European Single Market and means that UK banks would continue to have access to the European Single Market using Financial Services Passporting rights.

There should be no change to the everyday banking services we offer our customers during the transition period.

Add your signposting title here… Passporting

Banking in the EU

Icon expand Can I still make and receive payments from EU countries?

Yes. There should be no change to how you make and receive payments to EU countries. And, of course, you can continue to access your bank account through the mobile app to conduct your everyday banking needs. 


Icon expand Will I still be able to use ATMs in EU countries?

Yes. It will still be easy to use your bank card in ATMs across Europe, in much the same way as you can use it today when you go on holiday to non-EU countries, such as America or Australia. And, of course, you can continue to access your bank account through the mobile app to conduct your everyday banking needs.


Icon expand Is my money safe?

Yes. Your money will continue to be protected by the Financial Services Compensation Scheme. More information is available at


Icon expand Would a UK citizen living in the EU lose access to their banking in the UK?

There is, as yet, no specific guidance on UK banking from the authorities. There should be no change during the transition period for our customers to their everyday banking services. 


Icon expand Will there be any changes to my ability to make payments in Euros from the UK during the transition period?

Access to Euro payment capability for our customers will remain as it is today.

SME Finance Charter

We are a signatory to the UK Government’s SME Finance Charter, designed to support UK small and medium-sized enterprises as the UK exits the EU. We have now set out our commitments that sit alongside the government’s charter.

SME Finance Charter (PDF, 37 KB)

Brexit Frequently Asked Questions

Icon expand What does Brexit mean?

“Brexit” is the short-hand term being used to describe the UK’s exit from the EU. The UK voted to leave the EU following a referendum in June 2016. In March 2017, the UK Government started the process of leaving the EU by triggering Article 50 of the Treaty on European Union.


Icon expand What is Article 50?

Article 50 of the Treaty on European Union is a provision in law which sets out how a Member State can leave the EU.


Icon expand Which countries are in the EU?

The EU currently consists of:

Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the UK.


Icon expand Which countries are included in the European Economic Area (EEA)?

The EEA includes EU countries and Iceland, Liechtenstein and Norway. It allows them to be part of the EU’s single market.

Switzerland is neither an EU nor EEA member but is part of the single market - this means Swiss nationals have the same rights to live and work in the UK as other EEA nationals.

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