Ulster Bank Current Account Fees

Since April 19th 2019 – Ulster Bank have changed the way they apply admin fees and also began charging transaction fees on many accounts.

Ulster Bank will now charge most customers  €2 a month admin fee.
(see below for exceptions).
This €2 fee cannot be avoided by keeping your account balance above a certain amount.

Ulster will also charge transaction fees on accounts that do not keep their balance over €3000 during a month.

Transaction fees:

  • Contactless   : 1c
  • Debit card purchase (or refund) :  20c
  • Automated transactions (DD, Standing order, etc ) : 20c
  • ATM cash at any bank : 35c
  • In branch transactions  : 80c

The first charges will be applied to accounts on 7th June 2019 and each month thereafter.

See more details of how this compares to other bank’s  Current Account Charges in Ireland here

Example of Ulster Bank Charges from April 19th  (Monthly)

Someone who uses their  account like this every month  … (and doesn’t keep the balance over €3000)

  • Contactless card 13 times
  •  debit card 24 times.
  • 10 automated transactions (6 direct debits , 2 standing orders , 2 online transfers)
  • cash out at an ATM 5 times a month
  • withdraws cash in branch once a month.

Will be charged  €9.48 a month in transaction fees and €2 a month admin fee. A total of €11.48 a month or €137.76 a year.

See more details of other bank’s  Current Account Charges in Ireland here

Some Ulster Bank customers will not be charged fees – these   include :

Customers over 66 years of age or customers who hold a joint account where one party is over 66 years of age

Customers holding the following accounts –

Private Accounts
ufirst  and ufirstgold
Service Account
Student & Graduate Account
Adapt Account
Foundation Account {NOTE : This is a basic account with no credit facilities , service card or chequebook, only available if you don’t already hold a payment account in the  Republic of Ireland.}

pay packet