Brexit Hub | Ulster Bank

Overlay
Brexit Hub

Brexit

What it means for you

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

You can find out more by taking a look at the information on this webpage and our helpful customer guide.

What this means for you
Accordion

Icon expand What this means for you?

For our UK-resident customers, there is no change to your everyday banking services.

For our EEA-resident customers, our aim is to continue to provide you with the same service as we do today, where we are permitted to do so. Should anything need to change, we will let you know, ensuring you have as much notice as possible. 

Accordion

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 continue to serve customers from 1 January 2021.

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.

Banking and passporting
Accordion

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.

Accordion

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.

Accordion

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 from 1 January 2021. 

Accordion

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.

Accordion

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.

Accordion

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.

Accordion

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 https://www.fscs.org.uk/check-your-money-is-protected/

Accordion

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.

For our EEA-resident customers, our aim is to continue to provide you with the same service as we do today, where we are permitted to do so. Should anything need to change, we will let you know, ensuring you have as much notice as possible. 

More information is available at:
https://www.ukfinance.org.uk/consumer-guide-retail-banking-european-union-after-brexit

Accordion

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

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

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

Add your signposting title here…

Frequently Asked Questions

Further Information

Set Tab for lightbox