Meet Emma
Overlay
Important Notice about Closure to New Business:
UIster Bank Ireland DAC is no longer accepting any new application requests from personal customers. There are some exceptions to this for existing customers, click here for further information.
Our current account fees and charges
Important Change
At this time, Ulster Bank will not be proceeding with the increase to the transaction fee for Payments and Transfers carried out in a branch from €0.20 to €0.80 as previously advised earlier this year to impacted customers. This change was due to take effect from 18th April and is unrelated to our response to COVID-19.
Important Update to Fees and Interest 25/08/2022
To support customers in their transition to a new Financial Provider, we are removing some of our fees and interest. Where applicable, we will no longer charge the following fees and interest, effective from dates below:
Product Type |
Fee Description |
Fee/Interest Rate prior to removal |
Effective date of Removal |
Personal Current Accounts |
Surcharge Interest* |
9% (Additional 9% on top of the overdraft interest rate) |
18-Aug-22 |
Personal Current Accounts |
Overdraft Set Up Fee |
€25 |
19-Aug-22 |
Foreign Currency Current Account |
Administration Fee - Sterling accounts** |
£75 |
19-Aug-22 |
Foreign Currency Current Account |
Administration Fee - All other currency accounts** |
€150 |
19-Aug-22 |
Personal Current Accounts |
Monthly Maintenance Fee** |
€2 |
20-Aug-22 |
Personal Current Accounts |
Unpaid Outwards Charge |
€12.70 |
23-Aug-22 |
Personal Current Accounts |
Irregular Account Charge |
€4.44 |
23-Aug-22 |
*Overdraft interest continues to be applied on all overdrawn balances, including any excess amount.
** Transaction fees will continue to apply.
Please note:
- All fees and surcharge interest listed in the above table are being removed permanently to support customers in their transition to a new Financial Provider. Fees and charges relating to the above products are listed in our Guide to Personal Accounts Fees and Interest brochure and our Schedule of Services Payment & International Banking Charges brochure.
- All other fees and charges not listed in the above table for removal will continue to apply, where applicable.
Please click here for FAQ’s relating to these changes.
Fees and charges explained
Fees and charges apply to the following accounts; Current, Standard, Dual, Current Plus and Facility Accounts.
We charge transaction fees for the following transaction types:
o Contactless transactions
o Automated transactions
o Debit card transactions
o ATM withdrawals
o In branch and counter transactions
Transaction type |
Description | Fee per transaction |
| Contactless |
|
€0.01 |
| Automated |
|
€0.20 |
| Debit Card |
|
€0.20 |
ATM Withdrawal |
|
€0.35 |
| In branch/ Counter (Including An Post**** and Cash & Cheque lodgement machines) |
|
€0.80 |
Charges for additional services may still apply. Please see our booklet A Guide to Personal Accounts Fees and Interest.
* The Single Euro Payments Area (SEPA) includes any countries within the European Economic Area (EEA) & Switzerland, San Marino & Monaco
** Euro Debit Card, In app Apple Pay and In App Google Pay transactions completed online, over the phone or via mail order, irrespective of whether the retailer is based inside SEPA or outside SEPA, will be charged this fee
*** Including Emergency Cash & Get Cash transactions
**** Cash and cheque lodgements must be lodged separately at An Post outlets and separate transaction fees will apply. Cash withdrawals cannot be undertaken at An Post outlets.
Waivers explained
- If you keep a minimum cleared balance of €3,000 in your account at all times during each charging cycle you won't be charged transaction fees.
- If you are aged 66 or over you will not pay transaction fees.
- Fees and charges will be applied to your account each month. You can find more information on our charging cycles in our booklet Guide to Personal Account Fees and Interest.
- If the amount of your transaction fees is €4 or more each month, we’ll send you a pre-notification of charges statement to let you know how much you’ll be charged, at least 10 business days before we apply any fees.
Check the table below for further information on the waivers:
| Description | What you'll be charged | ||
| Age-based waiver | Accounts maintained by customers aged 66 years of age and over | Free from transaction fees |
|
| Balance waiver | Cleared balance of €3,000 is maintained for each charging cycle | Free from transaction fees | |
Manage your transaction fees
We want you to get the most out of your Ulster Bank Current Account. Here's some ways to help you manage transaction fees:
Not registered for Anytime and Mobile Banking?
As a registered Anytime Internet Banking customer, you can save money if you transact online or use our mobile app. Compared to ATM or in branch transactions (€0.35 or €0.80), online transactions will cost you €0.20 per transaction.
Use Contactless payments, Apple Pay or Google Pay
Contactless, Apple Pay or Google Pay (for purchases up to value of €50) transactions cost the lowest - €0.01 per transaction.
Use your Visa debit card
Debit card purchases in store or online cost €0.20.
Get cash back
Withdrawing cash in the branch costs €0.80 or €0.35 at an ATM. Reduce these fees by getting cash back using your debit card which costs €0.20 per transaction.
Use fewer cheques
Cheques are a costly way to make a payment. Make payment by electronic transfer, Direct Debit or use your debit card to reduce transaction fees.
Fee waivers
Transaction fees are waived if a €3,000 balance is maintained in your account at all times during each charging cycle.
Transaction fees are waived if you are aged 66 or over.
Take a look at the 'Waiver explained' and 'Fees and charges explained' sections above for more information.
Check your account type
Transaction fees do not apply on Student, Adapt, ufirst*, ufirstgold*, Foundation and Private accounts.
Statement of Fees
We have recently introduced a new annual Statement of Fees (SoF) for personal current account customers. This statement details the fees and interest that has been paid or earned in the period shown on the SoF. For more detail on SoF, please read through our FAQs.
*No longer on sale
A breakdown of fees
