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Put your business account in safe hands

Business Bank Accounts

Notice

You may have heard we plan to begin a phased withdrawal from Ulster Bank’s Republic of Ireland business over the coming years. There will be no immediate changes for customers and we anticipate that our withdrawal will take a number of years to allow a smooth transition. 

There are no changes for Ulster Bank Northern Ireland customers.

Choosing the right business account matters

You work hard for your money. We’ll keep it safe. We’ve been supporting businesses like yours for more than 50 years, so we understand the challenges that business owners face.

What do our business accounts give you?

Our business customers choose to bank with us for lots of reasons. Here are some of them:

We offer a local support network to support a range of banking requirements

Easily manage your account using our market leading digital banking via our online and mobile banking (criteria apply)

Help to understand your business better with online accounting software from FreeAgent

Safety and security – we’ll give you information to protect you from scams and fraud.

Compare business current accounts

Startup Bank Account

Trading less than a year?

Turnover less than £1m

Save money with no transaction fees for the first 18 months (then Standard Tariff applies)

Access to borrowing options (subject to status) if you need them

Business Bank Account

Trading over a year?

For businesses with a turnover less than £6.5m. If your business is larger, please contact our Relationship Management teams

Access to borrowing options (subject to status) should you need them

Fees apply.

Community Bank Account

Are you a not for profit organisation, like a charity or club?

Enjoy free banking or reduced tariff for up to 2 years depending on your turnover. Terms and conditions apply.

Useful cheque and paying in books

Make banking easier by authorising up to four individual signatories

Foreign Currency Account

Only available to existing Ulster Bank customers who maintain a Business Bank Account.

Make and receive payments in foreign currency simply and safely

No minimum or maximum balance

Available in a range of currencies 

Already started an application?

Log in and check the status of your application in our online application centre.

Use the same details that you created when you applied for your business account. If you haven’t already set up access to your online application centre, you can create a login now.

What you'll need to open an account

Participating providers of UK business bank accounts have agreed to a basic set of information that they will need from you to set up your UK business current account.

Find out what you’ll need to provide using the simple business banking checklist from UK Finance, the UK’s leading trade association for financial services.

View guide

See how we compare in the market

If you’d like to see how our Business Bank account products stack up against the others in the market, you can compare them at the following websites (suggested by the UK Government's Competition and Markets Authority): 

Swoop Funding

Funding Xchange

Funding Options

Alternative Business Funding

Switch to Ulster Bank

The Current Account Switch Service will do all the work when it comes to switching, moving everything across from your old account to your new 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, 64KB)

Your Guide to switching your account to us (PDF, 577KB)

How does the Switch service work?

Have a look at some of our service measures

If you want to see how we have performed in key service areas, you can get a detailed view here.

Free accounting software? Yes please.

FreeAgent accounting software gives you a clear, real-time view of your business finances. As an Ulster Bank business current account holder, you can access FreeAgent for free as long as you retain your bank account. You’ll get the complete package, including:

    Multi-currency invoices, expenses and bank accounts in one place

    Real-time cashflow overview

    Tax returns you can submit directly to HMRC at the click of a button

Useful info about our business accounts

Can I switch banks after taking out a loan?

You are able to switch your Business Current Account or your business banking to another provider while retaining your business loan with us. We may require you to open a fee free loan servicing account and will confirm if this is required as part of the switching process. A fee-free Loan Servicing Account is not a Business Current Account. This account will purely be used to facilitate your loan and will be free of any transaction charges.

Anything else we can help with?