Pricing Changes | Overdrafts | Ulster Bank

We're changing our overdraft pricing to make it simpler

On 27th March, we'll be making some changes to our overdraft pricing. These changes are in line with rules that affect all banks and will make it simpler and easier to manage your money. Here you can find out more about the changes and understand the difference in cost compared to our current pricing.

What's changing?

On 27th March 2020, we will:

  • Remove the £6 Arranged Overdraft Usage Fee;
  • Remove interest free buffers on arranged and unarranged overdrafts;
  • Increase arranged overdraft interest rates;
  • Remove the £8 Unarranged Overdraft Usage Fee; and
  • Introduce unarranged overdraft interest.

The changes vary depending on the account you have with us. For example, arranged overdraft interest free buffers will remain for Graduate and Student Overdrafts. 

You can find out more by selecting your account in the sections below.

 

Accordion

Icon expand Select

Changes to Arranged Overdraft Pricing

Date

Interest*

Arranged Overdraft Usage Fee**

Buffer
Until 26th March 2020 19.89% £6 £10
From 27th March 2020 39.49% £0 £0


* Rates provided as Effective Annual Rates (EAR), ** £6 Arranged Overdraft Usage Fee charged if you use an arranged overdraft by more than your account buffer

Changes to Unarranged Overdraft Pricing

Date

Interest*

Unarraged Overdraft Usage Fee**

Maximum Monthly Charge***
Until 26th March 2020 N/A £8 £80
From 27th March 2020 39.49% £0 £20


* Rates provided as Effective Annual Rates (EAR), ** £8 Unarranged Overdraft Usage Fee charged if you use an unarranged overdraft of more than £10 (maximum of 9 fees per charging period). *** Maximum monthly charge is the maximum we'll charge you in a month for an unarranged overdraft or any unpaid transactions

EAR shows the rate of interest that you’ll pay on your overdraft over a year and is compounded – this means we charge interest each month on your balance and this will include any interest which has already been added to your account from previous months.

Accordion

Icon expand Ufirst Gold

Changes to Arranged Overdraft Pricing

Date

Interest*

Arranged Overdraft Usage Fee**

Buffer
Until 26th March 2020 19.89% £6 £250
From 27th March 2020 39.49% £0 £0


Rates provided as Effective Annual Rates (EAR), ** £6 Arranged Overdraft Usage Fee charged if you use an arranged overdraft by more than your account buffer.

 

Date

Interest*

Unarraged Overdraft Usage Fee**

Maximum Monthly Charge***
Until 26th March 2020 N/A £8 £80
From 27th March 2020 39.49% £0 £20



Rates provided as Effective Annual Rates (EAR), ** £8 Unarranged Overdraft Usage Fee charged if you use an unarranged overdraft of more than £10 (maximum of 9 fees per charging period). *** Maximum monthly charge is the maximum we'll charge you in a month for an unarranged overdraft or any unpaid transactions

EAR shows the rate of interest that you’ll pay on your overdraft over a year and is compounded – this means we charge interest each month on your balance and this will include any interest which has already been added to your account from previous months.

Accordion

Icon expand Ufirst Private

Changes to Arranged Overdraft Pricing

Date

Interest*

Arranged Overdraft Usage Fee**

Buffer
Until 26th March 2020 14.89% £6 £500
From 27th March 2020 19.49% £0 £0


* Rates provided as Effective Annual Rates (EAR), ** £6 Arranged Overdraft Usage Fee charged if you use an arranged overdraft by more than your account buffer

Changes to Unarranged Overdraft Pricing

Date

Interest*

Unarraged Overdraft Usage Fee**

Maximum Monthly Charge***
Until 26th March 2020 N/A £8 £80
From 27th March 2020 19.49% £0 £20



Rates provided as Effective Annual Rates (EAR), ** £8 Unarranged Overdraft Usage Fee charged if you use an unarranged overdraft of more than £10 (maximum of 9 fees per charging period). *** Maximum monthly charge is the maximum we'll charge you in a month for an unarranged overdraft or any unpaid transactions

EAR shows the rate of interest that you’ll pay on your overdraft over a year and is compounded – this means we charge interest each month on your balance and this will include any interest which has already been added to your account from previous months.

Accordion

Icon expand Private Current Account

Changes to Arranged Overdraft Pricing

Date

Interest*

Arranged Overdraft Usage Fee**

Buffer
Until 26th March 2020 19.89% £6 £10
From 27th March 2020 19.49% £0 £0


* Rates provided as Effective Annual Rates (EAR), ** £6 Arranged Overdraft Usage Fee charged if you use an arranged overdraft by more than your account buffer

Changes to Unarranged Overdraft Pricing

Date

Interest*

Unarraged Overdraft Usage Fee**

Maximum Monthly Charge***
Until 26th March 2020 N/A £8 £80
From 27th March 2020 19.49% £0 £20



Rates provided as Effective Annual Rates (EAR), ** £8 Unarranged Overdraft Usage Fee charged if you use an unarranged overdraft of more than £10 (maximum of 9 fees per charging period). *** Maximum monthly charge is the maximum we'll charge you in a month for an unarranged overdraft or any unpaid transactions.

EAR shows the rate of interest that you’ll pay on your overdraft over a year and is compounded – this means we charge interest each month on your balance and this will include any interest which has already been added to your account from previous months.

Accordion

Icon expand Student Account

Changes to Arranged Overdraft Pricing

There are no changes to arranged overdraft pricing for Student Account holders.

Changes to Unarranged Overdraft Pricing

There are no changes to unarranged overdraft pricing for Student Account holders.

Accordion

Icon expand Graduate Account

Changes to Arranged Overdraft Pricing

Date

Interest*

Arranged Overdraft Usage Fee

Buffer
Until 26th March 2020 0% £0 £1500
From 27th March 2020 39.49% £0 £1500


* Rates provided as Effective Annual Rates (EAR).

Changes to Unarranged Overdraft Pricing

Date

Interest*

Unarraged Overdraft Usage Fee**

Maximum Monthly Charge***
Until 26th March 2020 N/A £8 £80
From 27th March 2020 39.49% £0 £20



Rates provided as Effective Annual Rates (EAR), ** £8 Unarranged Overdraft Usage Fee charged if you use an unarranged overdraft of more than £10 (maximum of 9 fees per charging period). *** Maximum monthly charge is the maximum we'll charge you in a month for an unarranged overdraft or any unpaid transactions. 

EAR shows the rate of interest that you’ll pay on your overdraft over a year and is compounded – this means we charge interest each month on your balance and this will include any interest which has already been added to your account from previous months.

Current Account Terms

You can read more about the changes in new Current Account Terms below.

Full details of these changes and other changes we’re making on 27 March 2020 will be provided to you if you go on to open an account with us.

Your Current Account Terms - Applies until 26th March 2020

Your Current Account Terms - Applies from 27th March 2020

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