We’re championing the power of community.
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Community bank account
Do more with a Community bank account
All business owners must reside in the UK and be over 18.
This account in detail…
Is your business eligible?
Your business must be a:
Charity
Community / voluntary organisation
Social enterprise
Religious organisation
Community development financial institution
If your business has Deemed Charity* status or you can prove it has been approved for inclusion on the Register of Charities by the NI Charity Commission, you'll qualify for our Not for Profit (NFP) package.
Note: Credit Unions and Education establishments are not eligible for this package under our NFP proposition.
*To qualify as a Deemed Charity, you must be registered on the NI Charity Commission’s register of Deemed Charities.
Authorised signatories - Authorise up to four individuals as signatories on the account.
What is the reduced fee package?
Eligibility |
Offer |
|---|---|
|
Annual turnover less than £250k |
Free banking on everyday transactions for 2 years* |
|
Annual turnover between £250k - £1m |
Free banking on everyday transactions for year 1 reverting to 50% discount on year 2 |
|
Annual turnover exceeds £1m |
50% discount on banking transaction for 2 years |
All fees are reviewed after the two year discount period, Business Current Account terms & conditions apply. If you are a Deemed Charity and an existing Ulster Bank customer, you may be eligible for discounts. Contact us for more details.
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.
To switch to us, just apply for a business account and tell us you’re switching during the application. Then give us your old bank account details and tell us when you want the switch to start.
Current Account Switch Guarantee (PDF, 64 KB)
Managing your Community account 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.
Savings accounts for your organisation
Your community group may be required to hold reserves. If not, it is still good practice to do so for those unforeseen events and our range of savings accounts may be ideal.
See if you could start earning more on your savings. Eligibility criteria apply.
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Free accounting software? Yes please.
FreeAgent’s award-winning* accounting software makes it easy to stay on top of your organisation’s finances. As an Ulster Bank business current account holder you can access this software for free** as long as you retain your bank account. Key features include:
Invoices, expenses and bank accounts in one place
Cashflow overview and 90-day cashflow forecast
Tax Timeline and Making Tax Digital-compliant tax returns
* Friendliest Software of the Year, Institute of Certified Bookkeepers Luca Awards 2023
** Optional add-ons may be chargeable
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Join our community of entrepreneurs
At Ulster Bank Entrepreneur Hub, we offer a range of programmes and helpful tools, plus you could tap into a network of specialists and like-minded peers who could offer help and guidance as you grow.
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Social and community capital
We’re sure you’ll make a big positive impact, but sometimes it's difficult to get the finance you need to grow. We can offer support and alternative funding.
Security may be required. Product fees may apply. Over 18s only. Subject to status, business use only.
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