Ulster Bank Limited has transferred to NatWest

Take a look at the important documents we have shared with the High Court of Justice.

Scheme Document

Explanatory Statement

Legal Notice

Download a copy of the letter and booklet below 

Transfer Scheme customer booklet

Transfer Scheme customer letter

Transfer Scheme customer confirmation letter

Our Legal Notice was published 24 November 2020 in the following:

Under the Financial Services and Markets Act 2000 (FSMA 2000) a Banking Business Transfer Scheme (BBTS) is a Court approved process which we’re using to transfer the business currently carried out by Ulster Bank Limited to National Westminster Bank Plc (NatWest).

There’s no change to your everyday banking services. You do not need to do anything. You’ll continue to receive the same products, using the same branch, same sort code and account number and same card and cheque book, under the same Ulster Bank brand as you did before the transfer.

Before 3 May 2021, you may have had the benefit of FSCS protection for deposits at both Ulster Bank and NatWest. Now that your Ulster Bank accounts have transferred to NatWest, accounts held at Ulster Bank and NatWest are within the same regulated legal entity, that is NatWest. You are covered by FSCS protection in respect of NatWest only.

Your FSCS cover will only be for one allowance of £85,000 (or £170,000 for a joint account).

You can withdraw the amount by which your deposits exceed the FSCS coverage limit, up to three months after the transfer date without being charged early withdrawal charges or account closure charges.

Ulster Bank is a trading name of National Westminster Bank Plc (“NatWest”).