Eligibility criteria apply. Check terms on Ulster Bank's website before applying.
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Ulster Bank Offer Summary
Detailed Information
Get £200 switching to Ulster Bank’s Select account. Complete a full switch via CASS within 60 days, pay in £1,250 (multiple payments fine, each must remain for 24 hours), and log in to the mobile app within 60 days. £200 is paid into your account within 30 days of meeting the criteria.
Is Ulster Bank Right for You?
Key Features
- Select Account: No monthly fee, no ongoing requirements
- Mobile and online banking, contactless debit card
- Optional upgrade path to Reward account (£2/mo fee, earns cashback on bills)
Things to Consider
- Sister banks share eligibility (NatWest, RBS, Ulster Bank) - one switch bonus per lifetime across the group
- Cannot switch from a NatWest Group bank (NatWest or Royal Bank)
- Must apply online or via the app - branch / phone not eligible
- Primarily a Northern Ireland bank, though the Select account is available UK-wide
Eligibility Requirements
- Open an Ulster Bank Select account
- Must not have held an Ulster Bank current account on 26 May 2026
- Complete full switch using CASS from a non-NatWest Group bank within 60 days
- Deposit £1,250 within 60 days (can be multiple payments, each must stay 24 hours)
- Log into the Ulster Bank mobile banking app within 60 days
- Cannot have ever received a switch bonus from NatWest, RBS or Ulster Bank
Always verify the current requirements on Ulster Bank's website before applying, as terms may change.
How the Switch Works
Ulster Bank uses the Current Account Switch Service (CASS), which guarantees your switch completes within 7 working days. All Direct Debits and standing orders move automatically, and payments to your old account are redirected for 3 years.
Day 1 — Apply & Request Switch
Complete your application and request the account switch via CASS.
Day 7 — Switch Completes
Direct Debits and standing orders are moved automatically. Payments to your old account are redirected.
First Month — Meet Requirements
Ensure all eligibility criteria are met, including any deposit or transaction requirements.
~Day 30 — Bonus Paid
If all criteria have been met, the switching incentive is typically processed.
Tips & Things to Watch For
Helpful Tips
- Each £1,250 deposit only needs to stay for 24 hours - can withdraw and re-deposit
- Full switch must come from a non-NatWest Group bank (NatWest, Royal Bank or Ulster don't count)
- Lifetime exclusion: if you've ever had a switch bonus from NatWest, RBS or Ulster Bank, you're not eligible
- Apply online or via the app - branch / phone applications aren't eligible
- £1,250 deposited also counts towards Reward account requirements if you choose that variant later
Common Issues
- Switching from NatWest or Royal Bank (NatWest Group banks are excluded)
- Previously received a NatWest Group cash switch incentive (lifetime exclusion)
- Applying in branch or by phone (must be online or via the app)
- Not logging into the mobile app within 60 days
- Not keeping each individual £1,250 deposit in for 24 hours
Offer History
How Ulster Bank's switch offer has changed over time.
| Offer | Period |
|---|---|
| £200 | May 2026 - present |
Frequently Asked Questions
The switching incentive is only available to customers who meet all eligibility criteria. Not all applicants will qualify, and Ulster Bank reserves the right to decline applications or withhold bonuses if requirements are not met.
When using the Current Account Switch Service (CASS), your previous account is typically closed automatically as part of the switching process. All payments are redirected to your new account for a minimum period of 3 years.
The Current Account Switch Service (CASS) guarantees completion within 7 working days. This includes moving your Direct Debits and standing orders.
Most switching offers have eligibility restrictions for previous customers. Check the specific terms and conditions on Ulster Bank's website, as you may be excluded if you've held an account with them recently.
Opening a bank account typically involves a credit check. While a single application usually has minimal impact, multiple applications in a short period may affect your credit profile. If you're planning to apply for credit soon, consider the timing carefully.
Direct link to Ulster Bank. Scrimpr earns no commission from this link and isn't endorsed by Ulster Bank. Eligibility criteria and terms apply. Not all applicants will qualify. Ulster Bank is regulated by the FCA (Register: 122315).
This page is for guidance only and does not constitute financial advice. Offers are subject to availability and may be withdrawn at any time. Always verify current terms directly with Ulster Bank.
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