Current account fees

We’re changing our current account fees and charges

 

What's changing?

We’re changing the fee for maintaining the account (monthly maintenance fee), introducing transaction fees and making changes to the balance waiver from 19 April 2019.

 

 

What’s changing?

 

• We’re changing the fee for maintaining the account (monthly maintenance fee) from €4 to €2

 

 

• We are introducing transaction fees on:

o   Debit card transactions

o   Automated transactions

o   ATM withdrawals

o   In branch and counter transactions

o   Contactless transactions

 

• We’re changing how the €3,000 minimum balance waiver works. If you keep a minimum balance of €3,000 in your account at all times during each charging cycle you won’t be charged transaction fees, and you’ll pay the €2 monthly maintenance fee.

 

• These changes will take effect from 19 April 2019 and the fees and charges will be applied to your account on 7 June 2019 and each month thereafter. You can find more information on our charging cycles in our Guide to Personal Account Fees and Interest.

 

• If the amount of your monthly fee and 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.

 

Transaction Type

Description

Fee per transaction

Contactless

 

  • Using a  Debit Card  for purchases in Euro within SEPA* including Apple Pay and Google Pay transactions

 

€0.01

Automated

 
  • Direct Debits
  • Standing Orders
  • Payments and transfers into your account via branch, Mobile Banking,  Anytime Internet and Telephone Banking
  • Credit transfers via branch, Mobile Banking,  Anytime Internet and Telephone Banking

 

€0.20

Debit Card

 

  • Using a Debit Card for purchases in Euro** within SEPA
  • In app Apple Pay transactions**
  • In app Google Pay transactions**
  • Refunds and Credits into your account via Debit Card

 

€0.20

ATM Withdrawal




  • Cash withdrawal*** in Euro  within SEPA
  • Cash withdrawal at any Ulster Bank, RBS or NatWest branded cash machine (ATM)

 

€0.35

In branch/ Counter

(Including An Post****
and Cash & Cheque
lodgement machines)



  • Cash withdrawals
  • Cash lodgements
  • Cheque withdrawals
  • Cheque lodgements
  • Credit transfers associated with Bank Giro Credit Payments
  • Payments into your account using a Bank Giro Credit slip
  • Bank Draft lodgements
  • Withdrawals associated with Bank Drafts
  • Offset Money Manager Transfers

€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.

 

 

What does it mean for me?

These changes will apply to the following accounts – Current, Standard, Dual, Current Plus and Facility Accounts.

 

The waivers explained

  • We're changing how the €3,000 minimum balance waiver works. If you keep a minimum balance of €3,000 in your account at all times during each charging cycle you won't be charged transaction fees and you'll pay a €2 monthly maintenance fee
  • If you are aged 66 or over transaction and maintenance fees will be waived.

Check the table below for further information on the waivers:

  Description Today From the 19 April 2019
Age-based waiver Accounts maintained by customers aged 66 years of age and over Free from fee for maintaining the account (monthly maintenance fee) Free from transaction fees and fee for maintaining the account (monthly maintenance fee)
Balance waiver Cleared balance of €3,000 is maintained for each charging cycle Free from fee for maintaining the account (monthly maintenance fee) Free from transaction fees and fee for maintaining the account (monthly maintenance fee) will apply

 

 

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:

 

 



Here’s some ways to help you manage the transaction fees:

 

Not registered for Anytime and Mobile Banking?

As a registered Anytime 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 €30) 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. The monthly maintenance fee of €2 will still apply.

Transaction fees and the monthly maintenance fee are waived if you are aged 66 or over.

Take a look at the 'Waiver explained' and 'What's changing' sections above for more information.

 

Check your account type

Transaction and maintenance fees do not apply on Student, Adapt, ufirst*, ufirstgold*, Foundation and Private Accounts.

 

*No longer on sale

 

A breakdown of fees

Customer scenarios

 

Want to see how the changes to our current account fees work in practice?
 
Here are the experiences of seven different customers and what they can do to reduce their fees. 
Add your signposting title here… Common questions

Find out what our customers have been asking us.

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