Put your 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.

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Already a business customer?

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)

Understand your business finances better with our online accounting software, FreeAgent

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

Free banking for 24 months when you switch your business account to us

If you've got an annual turnover of up to £2m and switch your account to us using the full Current Account Switch Service, we'll give you 24 months of free business banking.

Everything will be moved across from your old account to your new account for you, all within 7 working days, including Direct Debits and Standing Orders.

Switch offer is not available to customers switching a NatWest or Royal Bank of Scotland business current account to Ulster Bank.

Current Account Switch Guarantee (PDF, 40KB)

Your Guide to switching your account to us (PDF, 2.3MB)

How does switching work?

Free banking means the charges for the day to day running of your account (known as your service charge) won’t apply during the free banking period. This also means we will not charge the £8 quarterly account maintenance fee. At the end of this period, you'll be charged standard charges for the day to day running of your account. Other charges such as those for unarranged overdrafts, Bankline, international payments and any additional services are not part of the free banking offer. Offer can be withdrawn or amended at any time.

The below products are available to eligible customers, over 18 who have the right to be self employed in the UK or Northern Ireland.

App available to customers with compatible iOS and Android devices and a UK or international mobile number in specific countries.

Compare business bank accounts

Just starting out?

Extra support for your start-up, plus free banking on everyday transactions for 24 months* with Ulster Bank

For businesses trading less than a year with turnover of less than £1m

Free programmes that could help you grow and support that could help you run your business better (some services available to customers and non-customers)

Connect with experts who could take you further and help achieve your goals sooner

*Charges for unarranged borrowing, Bankline, international payments and any additional services are not part of the free banking offer. At the end of your 24-month free banking period, you’ll start to incur fees for your everyday transactions. We reserve the right to change or withdraw the start up offer without prior notice.

See our start-up account

Established and looking to grow?

A Ulster Bank account for big ambitions, with no minimum monthly charge - only pay for what you use

For businesses with turnover above £1m trading under or over a year, or turnover below £1m trading for over a year

If your business has a turnover greater than £6.5m, you’ll need to apply over the phone

For existing customers, please contact your Relationship Manager to apply for your account

For new customers, you can start your application online and we’ll pair you with a new Relationship Manager to complete your application, or you can apply over the phone

Access to borrowing options if you need them. Subject to status, security and fees may apply.

Fees apply

Explore our business account

Not for profit, like a charity or club?

Ulster Bank Community account

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

see our community account

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

Find out more

Specific account and service eligibility criteria apply.

Already started an application?

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.

Ulster Bank performance indicators (PDF, 105KB)

FreeAgent accounting software

FreeAgent accounting software gives you a clear, real-time view of your business finances. As an Ulster Bank business current account holder, FreeAgent is included as long as you retain your bank account. Key features include:

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

Find out more about FreeAgent

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.