Brexit Hub | Ulster Bank

Brexit Hub


What it means for you

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

The UK left the EU on 31 January 2020 at 23.00 GMT and has now entered a transition period with the EU, which is due to end on 31 December 2020.

What this means for you

Icon expand What this means for you?

There should be no change to your everyday banking services during the transition. We’ll continue to support you and keep you informed and updated. We’re closely monitoring the situation and we’re committed to providing you with as much notice as possible should any changes be required.


Icon expand How we prepared for the UK leaving the EU

As our business is largely UK-focused, the 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.

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 continue to work closely with the UK Government to help us understand what the future UK-EU relationship means for the Financial Services sector.

We have created this useful guide to help support you further:

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Frequently Asked Questions


Icon expand What is the transition period?

The Withdrawal Agreement includes a transition period up 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.


Icon expand What is passporting?

Passporting (also known as Financial Services Passporting) allows us as a bank to sell our financial services in the EU. It also means that some of the foreign banks who have offices here in the UK can sell their Financial Services into EU countries and in the UK.


Icon expand How will the Bank operate if EU passporting is removed?

We are a UK focused bank, so for the vast majority of customers, our services and products will remain the same.


Icon expand Why does passporting need to be removed when we leave the EU?

Passporting is intrinsic to the Single Market and will not be available to the UK at the end of the transition period. The UK Government in its July 2018 white paper stated that its proposal for the economic partnership would include new arrangements on services and investments that provide regulatory flexibility.


Icon expand Which countries are in the EU?

The EU 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 and Sweden.


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.


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.

Further Information

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