Ulster Bank Reviews, Features, Pros & Cons

Ulster Bank

In Belfast, Ulster Bank was founded in 1836. It expanded over the rest of Ireland in 1860 after seeing growth in Ulster for 24 years.

The bank has always put innovation at the center of how it serves its customers; in 1961, it was the first bank to launch a drive-in bank, and in 1968, it introduced the first ATM.

History & Overview of Ulster Bank

In 1836, Belfast saw the founding of the Ulster Bank. In 1860, it spread across the rest of Ireland after seeing growth in Ulster for 24 years.

As the first bank to establish a drive-in bank in 1961 and also the first ATM in 1968, innovation has always been central to how it serves its customers.

The bank has evolved with changing client behaviors in recent years, including Saturday Openings and a mobile app.

The Ulster Bank Business Achievers Awards Program, Ulster Bank Skills and Opportunity Fund, and the bank’s Business Women Can programs support entrepreneurship and build SME confidence.

Ulster Bank serves individual, small company, private, and commercial customers in the Republic of Northern Ireland and Ireland.

Ulster Bank works daily to comprehend its clients’ needs and provide assistance. The bank’s desire to be the best it can be for all its clients and the areas it does business in stems from its willingness to assist them in having a good and encouraging experience.

Ulster Bank was named Ireland’s most ethical company at the Chambers Ireland Awards for Corporate Social Responsibility.

In 1917, London County & Westminster Bank acquired Ulster Bank due to banking sector consolidation in the UK and political unrest that followed the Easter Rising in 1916. The bank launched additional services and divisions in the late 1920s, including a foreign department in 1926 and thrift deposit accounts in 1928.

After 1929, nevertheless, the bank’s expansion was constrained by the global economic crisis and the demise of the shipbuilding and Belfast linen industries. The bank was subject to restrictions and shortages during World War II.

Many employees enlisted, and several branches in Belfast suffered severe damage due to airstrikes. The bank was asked to handle transactions for US troops in Belfast, clothing vouchers, and national savings certificates.

Benefits of Ulster Bank

The following are some sample services provided by Ulster Bank in the past:

  • Personal Banking: Ulster Bank offers various services related to personal banking, such as current accounts, savings accounts, credit cards, loans, mortgages, and overdraft facilities.
  • Business Banking: Ulster Bank provides various banking services for companies, such as merchant services, current accounts, business loans, commercial mortgages, cash management programs, and foreign exchange services.
  • Customers could use Ulster Bank’s online banking system and mobile banking app to access their accounts and carry out a variety of financial operations. These services often included viewing transaction histories, managing standing orders and direct debits, paying bills, monitoring account balances, and transferring money.
  • Investments and financial planning: Ulster Bank offers financial planning services and investment products to assist clients in achieving their financial objectives. These options include individual savings accounts (ISAs), savings and investment programs, and financial advisory services.
  • Insurance: To provide financial security for people and their assets, Ulster Bank includes insurance products such as house insurance, travel insurance, auto insurance, and life insurance.
  • International Banking: Ulster Bank supported international trade and business transactions and the exchange of foreign currencies and international money transfers.

Services Offered by Ulster Bank

Ulster Bank offers a wide variety of banking and insurance services for individuals, companies, and businesses.

The bank, which operates in Northern Ireland under the name National Westminster Bank, is licensed by the Prudential Regulation Authority and subject to supervision from the Financial Conduct Authority and the Prudential Regulation Authority.

The UK Finance and the Financial Services Compensation Scheme recognize National Westminster Bank as a member. The Central Bank of Ireland is in charge of overseeing the bank in the Republic of Ireland.

In addition to other financial services, the bank gives customers a Debit Mastercard with their current accounts. In September 2010, it unveiled 15 brand-new commitments for its retail clients.

What Are the Unique Features of Ulster Bank

  • History: In 1836, the Belfast Banking Company—the forerunner of Ulster Bank—was founded. Over time, it experienced several mergers and acquisitions, and in 1968 it adopted the name Ulster Bank Limited. It was added to the Royal Bank of Scotland (RBS) Group in 2000.
  • Operations: Ulster Bank serves retail and corporate banking clients in Ireland and Northern Ireland. In addition to current and savings accounts, it provides credit cards, loans, mortgages, mortgage insurance, investment services, and goods for credit and mortgages.
  • Branch Network: Ulster Bank maintains a sizable branch network in both the Republic of Ireland and Northern Ireland. It offers its clients in-person banking services through its branches, which are spread throughout several towns and cities.
  • Community Support: Ulster Bank actively participates in assisting communities through several projects. To have a good effect on the communities in which it operates, it engages in CSR initiatives, sponsors events, and forms alliances with local nonprofits.
  • Integration with NatWest Group: Ulster Bank’s ownership structure and business practices have changed recently. It was reported that Ulster Bank would gradually wind down its activities in the Republic of Ireland and concentrate mainly on serving customers in Northern Ireland, with a cutoff date of September 2021, to the best of my knowledge. This choice was a component of a more extensive reorganization inside the NatWest Group, which owns Ulster Bank.

How to Open Ulster Bank Account

A step-by-step procedure for opening an Ulster Bank account is provided below:

1. Research

To learn more about the different types of accounts Ulster Bank offers, their features, costs, and any particular requirements for opening an account, visit their website or contact customer care.

2. Select a type of account

Choose an account type, such as a current, savings, or business account, that best meets your needs. Think about the attributes, advantages, and charges related to each type of account.

3. Gather the relevant documents

Get ready the paperwork needed to start an account. According to the bank’s regulations, these often include proof of identity (like the passport or driver’s license) and proof of address (You can provide your utility bill or bank statement). For information on the exact documents needed, contact Ulster Bank.

4. Make a reservation

If you need to visit a bank to open an account, contact Ulster Bank and make a reservation at a nearby branch. If you are applying online, you might not need to complete this step.

Apply online or at the branch

If going to the Bank Branch:

  • Arrive at the appointment’s start time.
  • To open an account, meet with a bank professional to walk you through the procedure.
  • Give the agent your identification and documentation proving your residence, and let them know you wish to create an Ulster Bank account.
  • Provide accurate and current information on the account opening application form.
  • If there is a minimum deposit requirement, state the initial deposit amount.
  • Review and sign any documents linked to your account that need to be signed.

If applying online:

  • Go to the Ulster Bank website and select the area to open new accounts.
  • Provide correct and current information on the online application form.
  • As directed, upload scanned or digital copies of your identification and address-proving documents.
  • During the online application process, enter the first deposit amount if necessary.
  • Review and agree to your account’s terms and conditions.

5. Wait for Approval

Be patient as Ulster Bank processes and approves your application, whether in person or online, once you submit it. They might contact you if they require further details or supporting paperwork.

Account activation information will be included in the confirmation letter from Ulster Bank once your application has been accepted.

Ulster Bank Contact Details

You can reach Ulster Bank at their corporate headquarters Complaint Handling Center, Ulster Bank Freepost BEL4084 Belfast BT1 5BR.

Telephone: 0345 742 4365

If you are unsure of the cost of a call, don’t hesitate to contact your phone provider.

Email: www.ulsterbank.co.uk

Frequently Asked Questions

How much can you transfer from Ulster Bank in total?

The highest amount you can specify for payments made using Open Banking, Anytime Internet Banking, and the mobile app each working day is £20,000.00 in sales to individuals.

What is Ulster Bank’s maximum daily withdrawal amount?

Personal customers can only withdraw a maximum of £3,000 in cash daily from a branch. Since there are so many other payment alternatives accessible through our Anytime Internet Banking and Mobile App service, cash withdrawals are the least secure payment method.

Are there any charges for accounts with Ulster Bank?

There can be charges from Ulster Bank for specific accounts or services. To understand the fees that apply to your particular circumstance, it’s vital to study their account terms and conditions or contact customer support.

Does the Royal Bank of Scotland (RBS) group include Ulster Bank?

Ulster Bank belongs to the Royal Bank of Scotland (RBS) organization. RBS owns Ulster Bank, which runs in the Irish market as a different company.

How do I start an account at Ulster Bank?

Visit Ulster Bank’s website or a neighborhood branch to open an account. By their rules for account opening, you will usually be required to present identification documents, proof of address, and other pertinent information.

Is there an online banking option at Ulster Bank?

The answer is that Ulster Bank offers its clients both online and mobile banking services. You may manage your accounts, make payments, transfer money, view transactions, and do other banking tasks via their web service or mobile application.


As a bank in the Northern Ireland and the Republic of Ireland, Ulster Bank assists individuals, small businesses, and other commercial clients with their banking requirements.

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