Premier Current Account - Premier banking | Ulster Bank Accounts

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Relationship Manager meeting a client in their home

Private Current Account

Account with Premier services with no monthly fee

Available to customers aged 18 or over, resident in the UK. Terms and conditions apply.

 

On this page:

 

Features and benefits                      Switch to Ulster               I'm ready to apply

 

Important information before applying        

 

Why choose a Private Current Account?

  • Your own Premier Banking Manager and relationship support team
  • An exclusive branded cheque book and serviceCARD
  • Access to preferential financial rates and services, as well as a Private Reserve Savings Account
Relationship Manager meeting a client in their home

You will normally need a sole annual income of at least £75,000 paid into your Ulster Bank account (£100,000 in the case of a joint application), or savings and investments of at least £100,000 held with us or another financial institution (proof of savings required).

Find out more about our Premier Banking service

Account features

Your own Premier Banking Manager and support team

Your Premier Banking Manager can personally assist you with the opening of accounts or arranging mortgages, loans or overdrafts, and refer you to members of our Private Tax Panel who can help with tax returns and give tax advice at a discounted rate.

 

Working closely with your Premier Banking Manager, our support team will be there at the end of the phone to help you with your day-to-day banking needs.

 

Fees apply, referrals are not recommendations. Credit facilities are subject to approval. Lending criteria, terms and conditions apply.

Access to preferential financial rates and services

As a Premier Banking customer, you will get access to preferential financial rates and services. This includes access to the Private Reserve Savings Account which pays one of our highest rates of interest and offers easy access to your funds.

Visa Debit card and Ulster Bank Rewards

Our Private Current Account offers you an exclusive branded Visa Debit card. Now including cashback at selected retailers when you register with Ulster Bank Rewards.

 

More on Ulster Rewards

Emergency Cash service

If your debit card is lost of stolen, we will cancel your card and let you withdraw up to £300 from our ATMs if you're an Anytime Banking customer, or £60 if you're not.

 

Find on Emergency Cash

Mobile Banking

Our mobile app is simple, clever and easy to use - you can even use it to withdraw cash from our ATMs and make payments to friends and family using just their mobile number (limits apply). App availble to customers with Anytime Banking using compatible iOS and Android devices and a UK or international mobile number in specific countries.

 

More on Mobile Banking app

Overdraft details

How do overdrafts work?

An arranged overdraft can be useful for short term borrowing. Understand arranged and unarranged overdrafts and their impact on your account. An overdraft is a form of borrowing and is repayable on demand.

There are two different types of overdraft:

 

  • An arranged overdraft, which allows you to go overdrawn up to an agreed limit. This is the type of overdraft you could apply for here. During your application for an arranged overdraft, we'll run a full credit check to determine how much we can offer you.
  • An unarranged overdraft. This is when you spend more money than you have in your current account without already having an arranged overdraft, or when you exceed your current arranged overdraft limit.

We charge interest on both types of overdraft. Going in to an unarranged overdraft limit can lead to payments being rejected.

 

More on Overdrafts

How much does my overdraft cost in pounds and pence?

Understand the cost and impact of overdrafts and whether you're eligible to apply for one. If you don't repay what is owed, you could harm your credit score and borrowing capability.



This account offers an Overdraft facility (subject to eligibility). You can check if you're likely to be accepted for an overdraft using our eligibility tool

 

As an example, the interest cost of using a £500 arranged overdraft is: 

 

Time Period   |   7 days  |  30 days |  60 days |

Interest Cost |   £1.72    |   £7.37  |   £14.85   |

 

This is a specific illustrative example representing the interest cost of using a £500 arranged overdraft over periods of 7, 30 and 60 days.

 

Looking to understand the costs of an overdraft of more or less than £500 over different periods of time? Use our handy cost calculator.


If you don't pay it back, it could have an impact on your credit score.

 

Representative Example: Effective Annual Rate: 19.49% EAR (variable). Representative APR: 19.49% APR (variable). Assumed credit limit: £1,200.

 

More on Overdrafts

 

 

Thinking of switching your bank account to us?

 

The Current Account Switch Service will do all the work when it comes to switching, moving everything across from your old 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, 39KB)

A Guide to Switching Current Accounts (PDF, 3MB)

Important information

You will normally need a sole annual income of at least £75,000 paid into your Ulster Bank account (£100,000 in the case of a joint application), or savings and investments of at least £100,000 held with us or another financial institution (proof of savings required).

 

Your salary (or equivalent) must be paid into your Private Current Account and if not, we reserve the right to convert your account to a Current Account (or equivalent). If your Private Current Account is closed, the Private Current Account benefits won't be available to you.

 

 

Details can also be obtained from your Premier Banking Manager.

How your information might be used

It’s important for you to understand how we use and share your information.  Please read this short summary before you continue with your application.

Private Current Account Ready to join Ulster Bank Premier banking?
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Premier Banking team

To qualify for Premier, you will normally need a sole annual income of at least £75,000 paid into your Ulster Bank account (£100,000 in the case of a joint application), or savings and investments of at least £100,000 held with us or another financial institution (proof of savings required).

 

Call 0345 301 5105

 

Lines are open Monday to Friday 9am-5pm excluding Bank Holidays. Calls cost up to 10p per minute plus up to 16p connection charge from BT lines. Calls from other networks may vary. Calls may be recorded.

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