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Business Start-Up
A financial package with you in mind
When starting a business you need a financial package that is convenient, flexible and one that can help you reduce costs. Find out how your business Start-Up can benefit from a financial package from Ulster Bank. The list below summarises the package that Ulster Bank can offer you if you:
- are a new business customer opening an Ulster Bank Business Current Account by 30 June 2013; and
- have a start-up business under 36 months. 1
Offer is not available to existing Ulster Bank Business Current Account holders.
Transaction fee-free banking for the first 2 years from account opening
How you benefit
- Free lodgements, Direct Debit and standing order payments
Important things to note
- Business Current Account must be opened and should also be used as main account for the period of the fee reductions
- Charges for additional services apply, see brochure 'A Guide to Business Current Account Fees' in branch for more information. A quarterly maintenance fee of €5.08 applies once the introductory period finishes
- Account turnover must be under €1m per anum
- Not eligible when account is not kept in credit or within overdraft limits 2
How you benefit
- Bankline, our Online Cash Management channel gives you real time visibility over your business finances, securely and conveniently
- A single view of your real time cash position
- Schedule and process domestic and international payment through one channel
- Secure payment controls
Important things to note
- Terms and conditions apply. Charges for additional services apply, see brochure 'Schedule of Services - Payment and International Banking Charges'
- After year one, standard monthly subscription fees for Bankline Silver will apply. The standard monthly subscription fee for Bankline Silver is €20.00
- Bankline Silver does not include the standard transaction fees which will continue to apply. For details of our standard monthly and transaction fees log on to ulsterbank.ie/banklinepricing
First arrangement fee waived for asset finance with 'Lombard'
How you benefit
- Helps you get the equipment in place to get started
- Works assets harder without draining your cash-flow
Important things to note
- The first arrangement fee will be waived. Second and subsequent new business transactions will carry an arrangement fee
- Terms and conditions apply. Security may be required. Product fees may apply
- Charges for additional services apply, see www.lombard.ie for more information
- Offer valid for business purposes only
Subscription-free 'Business Card' for the first year
How you benefit
- A universally accepted method of payment where you see the MasterCard sign
- On-line spending reports
- Clarity and control on cardholder spending
- Interest-free credit available for up to 37 days on purchases depending on date of transaction and full payment of monthly balance (by Direct Debit)
Important things to note
- Business cards are for business purchases only
- Applicants must be over 18 years old
- The annual Business Card fee will be waived for the first 12 months from account opening only and after the 12 month period the account will be charged an annual fee of €30 on that anniversary and each anniversary thereafter for the following 12 months. Please note that other ancillary fees and charges apply from the date of account opening as set out in the Business Card terms and conditions
- Please note Government Stamp Duty charge of €30 will apply to each Business Card account
- Please refer to a Commercial Manager for more information on fees and charges after 1 year and interest rates payable after 37 days, or visit www.ulsterbank.ie/businesscard for more information
Joining fee waived with Merchant Services
How you benefit
- Allows your business to accept card transactions facilitating quicker payments
- Avoid having to handle high volumes of cash or cheques
Important things to note
- Merchant Services is provided by our partners at Streamline. The joining fee/arrangement fee for Merchant Services will be waived. Please note that all other ancillary fees and charges apply from the date of account opening as set out in Streamline's Merchant Services Terms and Conditions or visit streamline.com/ireland
How you benefit
- A range of flexible loan options
- Up to €30,000 for business development purposes where Personal Guarantees will not have to be backed by assets
Important things to note
- Loans for business purposes only and subject to availability
- Each case taken on individual basis, subject to security and arrangement fees, applicants must be over 18 years old 3
- Lending criteria terms and conditions apply
More than just business banking - let us look after your personal banking needs
How you benefit
- Additional financial planning options available e.g. Business Protection and Personal Finance Protection
Important things to note
- For more information please speak to your Commercial Manager
Important Information
1A qualifying business is:
- a. A business which has been trading for less than 36 months
- Or
- b. A business where there is a material change in the owners/principals of the business as follows:
- Any change in owner for sole traders and partnerships
- A change in share ownership affecting at least 20% of the issued share capital for limited companies and limited liability partnerships - Or
- c. A business which has had a change in core trading activity either now or during the last 12 months. Core trading activity is the activity which generates at least 80% of sales/turnover.
2Fee reductions will commence immediately however if the Ulster Bank Business Current Account is not kept in credit or within agreed overdraft limits then standard charges may be levied, including retrospective charges which would normally have been applied to the account from commencement of the charging quarter during which this occurs.
3The Start-up loan rate is a variable rate (unless a specified fixed rate agreement is entered into between the customer and the bank), and will change in line with movements with AA1 rates. The Ulster Bank AA1 rate is one of Ulster Bank's variable debit interest rate categories. The rate can be found at at ulsterbank.ie/lendingrates. Rates are subject to change, without notice, as rates increase.
All Business Current Account applications are subject to acceptance by Ulster Bank and the relevant Ulster Bank Business Current Account terms and conditions will apply.
Customers will not be entitled to this offer if Ulster Bank deems, in its discretion, that the relevant account has not been opened or used in accordance with these terms and conditions.
This offer is subject to change and it may be withdrawn at any time.
Offer not available to employees of the Ulster Bank Group.
Only available to residents in the Republic of Ireland.
Streamline is a service provided by WorldPay (UK) Ltd on behalf of Ulster Bank Limited. Registered in England No. 07316500.
Registered Office: 55 Mansell Street, London E1 8AN. Authorised and regulated as a Payment Institution by the Financial Services Authority No. 530923.
Lombard Ireland Limited. Registered in Republic of Ireland: No.18017
Registered Office: Ulster Bank Group Centre, George's Quay, Dublin 2.
Lombard Ireland Limited (trading as Lombard and Lombard Vehicle Management) is a Multi-Agency Intermediary regulated by the Central Bank of Ireland.
Access to opportunity is vital to the success of any business. Ulster Bank offers you just that, with the right support, so you can move your business forward. With Ulster Bank you don't just get a financial package. You get access to a team of experienced Commercial Managers who have the knowledge to guide your business in the direction you want.
Phone: 1800 28 30 96 to arrange a meeting
Email: startup@ulsterbank.com
You can also call into your local Ulster Bank branch to speak to a Commercial Manager today.
Further opportunities for your Business Start-up
At Ulster Bank we have worked with over 100,000 small businesses in Ireland. That means you can get first-hand experience and information that is relevant to your business start-up. Through our relationship with smallbusinesscan.com, we can offer you the opportunity to learn more about managing your business through the joint Ulster Bank/smallbusinesscan.com Start-Up Knowledge Centre.
1A qualifying business is:
- a. A business which has been trading for less than 36 months
- Or
- b. A business where there is a material change in the owners/principals of the business as follows:
- Any change in owner for sole traders and partnerships
- A change in share ownership affecting at least 20% of the issued share capital for limited companies and limited liability partnerships - Or
- c. A business which has had a change in core trading activity either now or during the last 12 months. Core trading activity is the activity which generates at least 80% of sales/turnover.
2Fee reductions will commence immediately however if the Ulster Bank Business Current Account is not kept in credit or within agreed overdraft limits then standard charges may be levied, including retrospective charges which would normally have been applied to the account from commencement of the charging quarter during which this occurs.
3The Start-up loan rate is a variable rate (unless a specified fixed rate agreement is entered into between the customer and the bank), and will change in line with movements in AA1 rates. The Ulster Bank AA1 rate is one of Ulster Bank's variable debt interest rate categories. The rate can be found at ulsterbank.ie/lendingrates. Rates are subject to change, without notice, as rates increase.
All Business Current Account applications are subject to acceptance by Ulster Bank and the relevant Ulster Bank Business Current Account terms and conditions will apply.
Customers will not be entitled to this offer if Ulster Bank deems, in its discretion, that the relevant account has not been opened or used in accordance with these terms and conditions.
This offer is subject to change and it may be withdrawn at any time.
Offer not available to employees of the Ulster Bank Group.
Only available to residents in the republic of Ireland.
Streamline is a service provided by WorldPay (UK) Ltd on behalf of Ulster Bank Limited. Registered in England No. 07316500. Registered Office: 55 Mansell Street, London E1 8AN. Authorised and regulated as a Payment Institution by the Financial Services Authority No. 530923.
Lombard Ireland Limited. Registered in Republic of Ireland: No.18017
Registered Office: Ulster Bank Group Centre, George's Quay, Dublin 2.
Lombard Ireland Limited (trading as Lombard and Lombard Vehicle Management) is a Multi-Agency Intermediary regulated by the Central Bank of Ireland.
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