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Business bank accounts

Accomplish more with our Business bank account

Extraordinary business banking.

Our Business bank account. Built for success.

Our account for businesses with turnover above £1m. Or, for businesses with a turnover below £1m who have been trading for over a year.

£8 quarterly fee

Anytime and Mobile App banking

Get a dedicated Relationship Manager (turnover and eligibility criteria apply)

UK based telephone banking lines open Mon-Fri, 8:30am - 5:30pm

Free accounting software from FreeAgent included.

FSCS deposit protection (eligibility criteria apply).

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

FreeAgent is free subject to client retaining their Ulster Bank business account. Optional add-ons may be chargeable.

There's also:

Accounting software included from FreeAgent

  • FreeAgent accounting software gives you a clear, real-time view of your business finances.
  • As a business current account holder, you can access FreeAgent for free as long as you retain your bank account. Optional add-ons may be chargeable.

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Lending and cash management

Security may be required.  Product fees may apply.  Finance is subject to status and only available for business purposes.

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Sprint ahead with Accelerator

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All business owners must reside in the UK and be over 18. The business current account is for businesses that are over 1 year old. Anytime / Telephone Banking is available to business customers with an eligible account. Mobile App is available on selected iOS and Android devices with a UK or international mobile number in selected countries.

To apply online your business must reside in the UK and have an annual turnover under £6.5m. Existing customers with an annual turnover over £6.5m should contact their Relationship Manager to apply; new customers with an annual turnover over £6.5m should start their application online and we’ll pair you with a Relationship Manager to complete your application, or can apply over the phone.

Managing your business finances has never been easier

Visit our servicing hub for instant access to managing your business accounts, loans, credit cards and any other business service you have from Ulster Bank. 

Manage my business finances Open in new window
Switch to Ulster Bank

Free banking on everyday transactions for 2 years when you switch to us

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

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? Open in new window
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Free banking on everyday transactions means the charges for the day to day running of your account (known as your service charges) 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 start to incur fees for your everyday transactions. Other charges such as those for unarranged overdrafts, Bankline, international payments and any additional services are not part of the free banking offer. For details of our full charges and switch offer terms and conditions, please refer to the Guide to Business Current Account Fees listed at the bottom of this page.

Apply for our Business bank account

Got 10 minutes to fill in your application? Lets get started.

Continue

Great, first let's check if you're eligible to apply.

  • You're aged 18 or over
  • You're the owner or a director of the business you’re applying on behalf of
  • Your registered business address must also be in the UK, Channel Islands, Isle of Man or Gibraltar or you should be registered for tax purposes in one of those jurisdictions
  • You haven't been declared bankrupt or received a County Court Judgement (CCJ) or Court Decree
  • If your business turnover is over £6.5m, we'll ask you to provide evidence of this.

Important information

 

Business Account Terms (PDF, 224 KB)

Guide to Business Current Account Fees (PDF, 849 KB)

Schedule of Services - Payment and International Banking Charges (PDF, 2.04 MB)

 

The Financial Services Compensation Scheme Information Sheet and Exclusions List (PDF, 81.5KB)

Anytime Internet Banking Terms and Conditions (PDF, 237KB)

 

Important things to consider before applying

 

 

Consider which account you need

 

During your application, you'll have to select the type of account you'll need:

  • a Business Current Account - used for the day to day running of your business, OR
  • a Loan Servicing Account - used ONLY for loan repayment purposes. You'll need this if you have a loan with us, but not your current account(s). 

Should you select the incorrect account, you will need to reapply choosing the correct option.

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Which are you?
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OK, so you're an existing customer. Is the bank account for...
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Which statement best describes your organisation?
If your business turnover is over £6.5m, we'll ask to see evidence of this.
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You can apply online

This is the fastest way to complete your application.

1. We may use Mitek, formerly HooYu, our trusted online identification and security partner, to check your identity.

2. To see which documents are accepted for proof of identity and address you can visit our Mitek page.

3. Once we receive all your information, we'll review the application and will be in touch.

By starting your application online, you consent to the following:

  • Identity verification using our security partner Mitek.
  • A credit check on everyone on your application.

 

Apply by phone

 

Can’t apply online? You can complete your application via phone – discover how you can get in touch. After the call, you’ll need to bring your documents to us in branch or use a professional service provider. This is so we can verify your identity.

It’s likely that you will have to wait a few days for an appointment, and the appointment itself can take up to an hour. Please bear in mind that applying by phone can take longer than applying online.

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You can apply online

We'll ask to see evidence that your annual turnover is more than £6.5m. If you cannot provide this or you’ve been trading less than a year, go back and select the other option.

This is the fastest way to complete your application.

1. We may use Mitek, formerly HooYu, our trusted online identification and security partner, to check your identity.

2. To see which documents are accepted for proof of identity and address you can visit our Mitek page.

3. Once we receive all your information, we'll review the application and will be in touch.

By starting your application online, you consent to the following:

  • Identity verification using our security partner Mitek.
  • A credit check on everyone on your application.

Apply by phone

 

Can’t apply online? You can complete your application via phone – discover how you can get in touch. After the call, you’ll need to bring your documents to us in branch or use a professional service provider. This is so we can verify your identity.

It’s likely that you will have to wait a few days for an appointment, and the appointment itself can take up to an hour. Please bear in mind that applying by phone can take longer than applying online.

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Do you have a Relationship Manager?
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Call your Relationship Manager

You should have a direct number for them. You can discuss applying for an additional business account. They can start the application for you and arrange to get the appropriate signatures.


When can I call?

Business and Relationship Managers are available 9am-5pm Monday to Friday.

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No problem, we can still help.

You can use the form below to open an additional account.

Alternatively, you can call Business Banking on 0345 366 5592, or use the Relay UK Service: 18001 0345 366 5592.

Or Corporate & Commercial Services on 0345 601 4817, or use the Relay UK Service: 18001 0345 601 4817.

More information on accessibility.

Calls may be recorded for training and monitoring purposes. To see how much your call might cost, visit the call charge information page.

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Additional account opening form
Which statement best describes your organisation?
If your business turnover is over £6.5m, we'll ask to see evidence of this.
Previous
Next

You can apply online

This is the fastest way to complete your application.

1. We may use Mitek, formerly HooYu, our trusted online identification and security partner, to check your identity.

2. To see which documents are accepted for proof of identity and address you can visit our Mitek page.

3. Once we receive all your information, we'll review the application and will be in touch.

By starting your application online, you consent to the following:

  • Identity verification using our security partner Mitek.
  • A credit check on everyone on your application.

 

Apply by phone

 

Can’t apply online? You can complete your application via phone – discover how you can get in touch. After the call, you’ll need to bring your documents to us in branch or use a professional service provider. This is so we can verify your identity.

It’s likely that you will have to wait a few days for an appointment, and the appointment itself can take up to an hour. Please bear in mind that applying by phone can take longer than applying online.

Previous

You can apply online

We'll ask to see evidence that your annual turnover is more than £6.5m. If you cannot provide this or you’ve been trading less than a year, go back and select the other option.

This is the fastest way to complete your application.

1. We may use Mitek, formerly HooYu, our trusted online identification and security partner, to check your identity.

2. To see which documents are accepted for proof of identity and address you can visit our Mitek page.

3. Once we receive all your information, we'll review the application and will be in touch.

By starting your application online, you consent to the following:

  • Identity verification using our security partner Mitek.
  • A credit check on everyone on your application.

Apply by phone

 

Can’t apply online? You can complete your application via phone – discover how you can get in touch. After the call, you’ll need to bring your documents to us in branch or use a professional service provider. This is so we can verify your identity.

It’s likely that you will have to wait a few days for an appointment, and the appointment itself can take up to an hour. Please bear in mind that applying by phone can take longer than applying online.

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Already started an application?

Log in to continue or check the status of your application in our online application centre.

You can 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.

Due to increasingly high demand for our accounts, there could be a delay in opening your account. We are sorry for the inconvenience that this might cause you.

Need more information before you apply?

Easy finance management

Visit our servicing hub for instant access to managing your business accounts, loans, credit cards and any other business service you have from Ulster Bank.

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Manage my business finances Open in new window

Info about charges

Download the PDF below to view our business current account fees and charges, including overdraft fees, transaction fees and charges for additional services.

Guide to Business Current Account Fees (PDF, 849 KB)

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FSCS protected

If both your business and the type of deposit held with Ulster Bank are eligible, you could be protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme. Any deposits above the limit are unlikely to be covered.

Financial Services Compensation Scheme Guide (PDF, 136KB)

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Business account terms

Read our Business account terms document.

Business account terms (PDF, 224KB)

 

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Questions about this account?

Anything else we can help with?