At permanent tsb, we understand that moving your bank can seem daunting. If you’re an Ulster Bank customer looking for a new bank to move your business banking relationship to, we’re here to support your move to us and all your Business Banking needs. So don’t just move, choose permanent tsb.

Please ensure you have read and reviewed all product information carefully before proceeding with your application.

Business Current Account

Our Business Current Account allows you to manage your everyday business banking, with 24/7 access to your account through our online banking and Visa Debit Card.

Our Business Current Account offers you:
  • Simple payments: ways to make payments and pay bills
  • Business Visa Debit Card: Contactless Card for everyday purchases
  • Apply for a Business Overdraft: manage your cash flow
What happens next?

Step 1: Start your application by completing the online form.
Step 2: Submit your application and receive an acknowledgement email. If your business is a Partnership or Limited Company and you have invited additional authorised individuals or signatories, an invitation email will issue to them. Once they have submitted their details, you will be required to log back in to finalise and submit your application.
Step 3: We will call you within 24 hours to arrange a branch appointment.
Step 4: Visit your chosen branch and verify your documents. All Beneficial Owners and any authorised individuals/signatories will be required to visit the branch to verify their documents.
Step 5: We will contact you to confirm your account is active (if no further information is required). 

Sole Trader application Partnerships application Ltd Company Application

 

Ways to Bank

Online Banking

Business24 gives you access to your accounts 24/7. Log on from your desktop, laptop or tablet and enjoy a range of self service banking options designed to save you time.

Dedicated Business Banking Team

For us, business banking is about supporting our customers on an individual basis. Our dedicated Business Banking Team is available through our extensive local branch network nationwide or over the phone to discuss the needs of your business.

Quickbank

Your Business Visa Debit Card allows you to lodge cash notes (no coins) and cheques and withdraw up to €1,500 a day at our Quickbank branch.

Bulk Payments

This provides the option to pay wages or suppliers in one transaction by uploading a payment file rather than setting up each transaction individually every month. This service is provided through Sentenial. For information on registering for Bulk Payments please get in touch with your local branch.

Mobile Payments

Quick and easy contactless payments using Apple Pay and Google Pay.

Business Overdraft

Manage your cash flow with a Business Overdraft. Talk to our dedicated Business Banking Team about adding an overdraft to your Business Current Account for a flexible working capital solution.

A Business Overdraft offers you
  • Flexible funding for working capital.
  • Facilities from €1,000.
  • Variable Interest Rate of 8%.
  • Interest Only Charges on the balance you're overdrawn.
  • Short-term finance available.
  • Ability to repay on demand, subject to review.

Business Overdrafts are subject to a facility fee charged upon set and annually thereafter. Security may be required, which may incur legal costs for the borrower. If you are applying for an overdraft for a Limited Company, we may ask for a Personal Letter of Guarantee (PLG) as security.

What happens next?

Step 1: Start your application by completing the online form and uploading your documents*.
Step 2: Submit your application and receive an acknowledgement email.
Step 3: You will receive an acknowledgement letter of your application within 5 days.
Step 4: We will call you within 3-5 working days to confirm your Approval in Principle and arrange your branch appointment.
Step 5: In the meantime, your Offer Letter will issue to you via post.
Step 6: Bring your proof of identity and address, along with your Offer Letter to your chosen branch (you must sign the Offer Letter in branch with a staff member).

*You will be required to provide 12 months financial statements and documentation confirming that your Tax Affairs are up to date and in order with no financial arrangements in place in all cases. If you do not upload your documents at the time of completing the online application form, we will ask for these documents at a later date.

Sole Trader application Partnerships application Ltd Company Application

 

What you will need to open your Business Current Account and Overdraft

Depending on your business type and your application, you may need to provide us with some supporting documentation when opening your Business Current Account and/or your Business Overdraft. Our team are here to help you along the way, but to find out what documents you may need click below.

View required documents

 

How do I apply? 

Sole Traders

Ulster Bank Sole Trader Business customers can now apply for a Business Current Account and Business Overdraft through our streamlined online application process. The application will take approximately 20 minutes to complete. However, should your application be interrupted, you can save and resume your application at a later stage. To ensure you are getting the best fit for your business needs, be sure to review all important information before applying online.

Sole Trader application

 

Partnerships

Ulster Bank Partnership Business customers can now apply for a Business Current Account and Business Overdraft through our streamlined online application process. This application will take approximately 20 minutes to complete. However, should your application be interrupted, you can save and resume your application at a later stage. To ensure you are getting the best fit for your business needs, be sure to review all important information before applying online.

Partnerships application

 

Limited Companies

Ulster Bank Limited Company Business customers can now apply for a Business Current Account and Business Overdraft through our streamlined online application process. This application will take approximately 20 minutes to complete. However, should your application be interrupted, you can save and resume your application at a later stage. To ensure you are getting the best fit for your business needs, be sure to review all important information before applying online.

Ltd Company Application
Application process and making an appeal

For more information on how we process your application and how you can appeal credit decisions, visit our Business Lending Support section.

Important information

Business Current Account Information: Accounts are subject to transaction fees and quarterly charges; please see our Terms and Conditions for further information. The process of opening an account is subject to proof of identification and address. See our fees and charges booklet for information on our fees.

Business Overdraft Information: Lending criteria and terms and conditions apply. Approval for a Business Overdraft is subject to repayment capacity assessment and other lending criteria. Over 18s and Republic of Ireland Residents only.

Your credit rating with permanent tsb may also be impacted where you have previously been refused an application for credit with permanent tsb.

Please see our Terms & Conditions and Personal & Business banking charges booklets for full details.

Whatever your business type, we’re here to support your move to permanent tsb.

Warning: The cost of your repayments may increase.

Warning: If you do not meet the repayments on your credit facility agreement, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future.

Business Visa Debit Card

Manage everyday business expenses with our Business Visa Debit Card.

Government Support

The Department of Jobs, Enterprise and Innovation, Government supports available to Irish start-ups and small businesses

Support in financial difficulty guide

Information guide to banking supports available to SMEs, for the future and through Covid recovery.

Business24

Manage your business funds online with our dedicated online banking for business customers.

Business Support

Read the Guide for Micro & Small Entreprises and Guarantors: Regulations on Lending to Small & Medium-Sized Enterprises published by the Central Bank of Ireland

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