Foreign Currency Current Account
A safe and simple account for international trading
Only available to existing Ulster Bank customers who maintain a Business Current Account. Over 18s only. Lending criteria, terms and conditions apply. Security may be required.
Features and benefits
Currency fluctuations can be an issue for any business trading internationally. We could help mitigate those risks. Open a non-interest bearing current account, and make and receive payments in foreign currency simply and safely. You will benefit from all the overdraft (subject to agreement) and money transmission services you need for the day-to-day running of your business.
Electronic transfer. You can make payments quickly and accurately via Bankline
No minimum balance. This is a working capital account therefore we will not ask for a minimum balance
Multi-currencies. Simply select from a range of currencies, an account that suits your needs
International payment facilities. You can make payments across the globe using this account in a variety of currencies
Transparent costs. There are standard transaction charges
Euro chequebook. Available for euro currency current account only.
Terms & Conditions are available on request.
Overdrafts are repayable on demand and may not be exceeded without prior permission. If you exceed your limit, we will charge interest at the rate stated in our Schedule of Services - Payment and International Banking Charges brochure (PDF, 91KB). A maintenance charge and other charges may also apply. Credit applications will usually be recorded at Credit Reference Agencies and may affect your ability to obtain credit elsewhere in the future.
Currency lending interest rates
We offer competitive interest rates when lending foreign currencies from around the world. Download the PDF to find out what rates you could be paying on your current account's overdraft facility.
Ready to apply?
Great! Thanks for choosing our Currency Account.
How to open an account
If you are looking to open a Foreign Currency account, this can be done by downloading and completing the form below.
To download the form:
- Download Adobe Acrobat Reader (free download)
- Right-click the link below and select 'save as' to download it to your computer (not a phone or tablet)
- Right-click the form in its saved location and select 'Open with Adobe Acrobat Reader
Sending the form back to us
If you’re a business customer (turnover under £6.5m), email the completed form to Business Banking Support
If you’re a commercial customer (turnover over £6.5m), please return the completed form to your dedicated service team. If you do not know who this is, email it to Corporate & Commercial Services
Protecting your money
Your eligible deposits with Ulster Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered.