Ulster Bank

Durban
Durban Posts: 478
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edited 13 November 2023 at 4:16PM in Budgeting & bank accounts
I am in the process of switching my Ulster bank account to Barclays for the switch bonus. 

I also have an Ulster instant access savings account paying a very good 5.2 %

I can’t seem to find the answer on the Ulster website but can I keep the savings account without having the bank account ? 
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  • Largs
    Largs Posts: 187
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    Hi.  Yes, that saver is open to everyone, you don't need to bank with Ulster to have one.  To operate it after you leave, you will need a card reader.
  • Durban said:
    I am in the process of switching my Ulster bank account to Barclays for 
    I also have an Ulster instant access savings account paying a very good 5.2 %

    I can’t seem to find the answer on the Ulster website but can I keep the savings account without having the bank account ? 
    Yes you can. I am in that position no problem. I think it is confusing calling the account a loyalty account as loyalty accounts usually have conditions attached such as having a current account or being a customer for a certain period of time. There are no conditions like that with this account (other than minimum £5000 to get the 5.2%)
  • VXman
    VXman Posts: 486
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    Durban said:
    I am in the process of switching my Ulster bank account to Barclays for 
    I also have an Ulster instant access savings account paying a very good 5.2 %

    I can’t seem to find the answer on the Ulster website but can I keep the savings account without having the bank account ? 
    Yes you can. I am in that position no problem. I think it is confusing calling the account a loyalty account as loyalty accounts usually have conditions attached such as having a current account or being a customer for a certain period of time. There are no conditions like that with this account (other than minimum £5000 to get the 5.2%)
    Bit you cannot open the loyalty account without a current account. I tried. I have an e saver account but I needed to open a current to open the loyalty. So I'd be surprised if you can keep the loyalty open without the current but maybe it's possible?
  • dcs34
    dcs34 Posts: 529
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    Durban said:
    I am in the process of switching my Ulster bank account to Barclays for 
    I also have an Ulster instant access savings account paying a very good 5.2 %

    I can’t seem to find the answer on the Ulster website but can I keep the savings account without having the bank account ? 
    Yes you can. I am in that position no problem. I think it is confusing calling the account a loyalty account as loyalty accounts usually have conditions attached such as having a current account or being a customer for a certain period of time. There are no conditions like that with this account (other than minimum £5000 to get the 5.2%)
    Opening an account with Ulster Bank from GB is a real test of one's loyalty to chasing interest rates...
  • trient
    trient Posts: 170
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    dcs34 said:
    Durban said:
    I am in the process of switching my Ulster bank account to Barclays for 
    I also have an Ulster instant access savings account paying a very good 5.2 %

    I can’t seem to find the answer on the Ulster website but can I keep the savings account without having the bank account ? 
    Yes you can. I am in that position no problem. I think it is confusing calling the account a loyalty account as loyalty accounts usually have conditions attached such as having a current account or being a customer for a certain period of time. There are no conditions like that with this account (other than minimum £5000 to get the 5.2%)
    Opening an account with Ulster Bank from GB is a real test of one's loyalty to chasing interest rates...
    You know that (this) Ulster Bank _is_ in GB right?
  • cricidmuslibale
    cricidmuslibale Posts: 599
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    edited 13 November 2023 at 11:34PM
    trient said:
    dcs34 said:
    Durban said:
    I am in the process of switching my Ulster bank account to Barclays for 
    I also have an Ulster instant access savings account paying a very good 5.2 %

    I can’t seem to find the answer on the Ulster website but can I keep the savings account without having the bank account ? 
    Yes you can. I am in that position no problem. I think it is confusing calling the account a loyalty account as loyalty accounts usually have conditions attached such as having a current account or being a customer for a certain period of time. There are no conditions like that with this account (other than minimum £5000 to get the 5.2%)
    Opening an account with Ulster Bank from GB is a real test of one's loyalty to chasing interest rates...
    You know that (this) Ulster Bank _is_ in GB right?
    That is factually incorrect!

    Ulster Bank is NOT in GB (Great Britain).
    It IS in the UK (United Kingdom). The full version of the United Kingdom is the United Kingdom of Great Britain ( = England, Scotland and Wales) and Northern Ireland!
  • Zanderman
    Zanderman Posts: 4,619
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    trient said:
    dcs34 said:
    Durban said:
    I am in the process of switching my Ulster bank account to Barclays for 
    I also have an Ulster instant access savings account paying a very good 5.2 %

    I can’t seem to find the answer on the Ulster website but can I keep the savings account without having the bank account ? 
    Yes you can. I am in that position no problem. I think it is confusing calling the account a loyalty account as loyalty accounts usually have conditions attached such as having a current account or being a customer for a certain period of time. There are no conditions like that with this account (other than minimum £5000 to get the 5.2%)
    Opening an account with Ulster Bank from GB is a real test of one's loyalty to chasing interest rates...
    You know that (this) Ulster Bank _is_ in GB right?
    You know it's not, right? It's in the UK. But not in GB. The UK is the "UK of GB and N Ireland". Ulster is in the NI bit.
  • VXman said:
    Durban said:
    I am in the process of switching my Ulster bank account to Barclays for 
    I also have an Ulster instant access savings account paying a very good 5.2 %

    I can’t seem to find the answer on the Ulster website but can I keep the savings account without having the bank account ? 
    Yes you can. I am in that position no problem. I think it is confusing calling the account a loyalty account as loyalty accounts usually have conditions attached such as having a current account or being a customer for a certain period of time. There are no conditions like that with this account (other than minimum £5000 to get the 5.2%)
    Bit you cannot open the loyalty account without a current account. I tried. I have an e saver account but I needed to open a current to open the loyalty. So I'd be surprised if you can keep the loyalty open without the current but maybe it's possible?
    Well I opened the loyalty saver without having any other account with them no problem. Long winded process but I never saw anything that required a current account.
  • dcs34
    dcs34 Posts: 529
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    edited 14 November 2023 at 10:45AM
    trient said:
    dcs34 said:
    Durban said:
    I am in the process of switching my Ulster bank account to Barclays for 
    I also have an Ulster instant access savings account paying a very good 5.2 %

    I can’t seem to find the answer on the Ulster website but can I keep the savings account without having the bank account ? 
    Yes you can. I am in that position no problem. I think it is confusing calling the account a loyalty account as loyalty accounts usually have conditions attached such as having a current account or being a customer for a certain period of time. There are no conditions like that with this account (other than minimum £5000 to get the 5.2%)
    Opening an account with Ulster Bank from GB is a real test of one's loyalty to chasing interest rates...
    You know that (this) Ulster Bank _is_ in GB right?
    I used GB to distinguish that I'm not in Northern Ireland and hence can't go into a branch, so relying on their archaic postal-based opening procedures. Ulster Bank operates UK-wide but is predominantly a NI-facing brand and operation. UK = GB + NI
  • VXman
    VXman Posts: 486
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    VXman said:

    Bit you cannot open the loyalty account without a current account. I tried. I have an e saver account but I needed to open a current to open the loyalty. So I'd be surprised if you can keep the loyalty open without the current but maybe it's possible?
    Well I opened the loyalty saver without having any other account with them no problem. Long winded process but I never saw anything that required a current account.
    Just checked and it seems you are correct. I am not sure why I thought that. I think it was to do with applying from within Anytime banking. I already have that as I had an old E saver account with them. I'm sure it wouldn't let me open one and said I needed a Current account. Odd.
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