Foreign Exchange - Sector Expertise - Business Banking

Foreign exchange

The extra help and support you need when doing business abroad

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Exchange rates
Add your signposting title here… Our no nonsense offering

To make it cheaper to do business abroad we have removed payment transaction charges on standard outward Foreign Exchange (FX) payments. This offer is available across all our payment channels (Anytime, Bankline and electronically in our branches).

Please note that fixed charges are in place for “Urgent Payments” and payments made in euro to euro accounts are excluded from this offer as are International Draft transactions.

 

Terms and conditions apply. Please see our brochures.

Foreign exchange Supporting your business

We have the tools and the resources to support your business when dealing in foreign currencies.

Foreign exchange professionals

Access to foreign exchange markets

Analysis and comment

Man using calculator
Add your signposting title here… Hedging

Exchange rates can be volatile, and if ignored, can have a negative impact on your finances, the cost of imports and the value gained from exporting goods and services. We can help to identify and quantify the FX risks your business faces and create managed solutions to reduce these.

Please note that should you hedge your FX exposure using forward contracts your business cannot benefit from subsequent favourable movements in the exchange rate.

How we may help

Our foreign exchange services may help businesses and organisations that:

 

  Export / Import

  Have foreign currency accounts

  Send and recieve international payments

  Are part of an international group, subsidiary or foreign entity (or have assets located overseas)

  Are looking at acquisitions overseas

Our foreign exchange solutions may help you:

 

  Have greater certainty over future income and costs

  Protect your balance sheet from foreign exchange volatility

  Make financial forecasts and plan with confidence

Illustrative Example

Your situation:                             You decide to switch supplier from Europe to Asia
 Your reality:            You need to pay for product from Asia in foreign currency but will sell solely in Ireland (in Euro). The foreign exchange will have a major impact on the price at which you can sell your product
Your solution: You use the online foreign exchange platform Ulster Bank Trade to fix the foreign exchange rate and thus the cost of known future foreign exchange related expenses. 

A foreign exchange specialist from our Markets Team will work with you to evaluate your foreign exchange exposure and discuss the potential hedging solutions.
Man using laptop
Add your signposting title here… Get in touch today

Our foreign exchange experts are waiting to hear from you. 

 

Call us: 01 611 8600 (lines open 7.30am - 6pm)

 

or

Complete our online inquiry form
Documentation for downloading Important information relating to Foreign exchange services

The following PDFs detail more information about our FX services including, fees and charges, terms of business and exchange information.

Markets CPC Terms of Business

Schedule of Services

Forward Foreign Exchange Information Documentation EUR vs GBP

Forward Foreign Exchange Information Documentation EUR vs USD

Customer onboarding pack

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General enquiries

1850 211 690 (Republic of Ireland)

0345 366 5592 (UK)

Or if calling from abroad 0044 2890 538459

Lines are open 8.30am - 5pm  Monday to Friday - Note calls may be recorded

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