Ulster Bank £200 switch offer for opening a Select Account (26/05/2026 to 25/08/2026)

danny13579

New switch offer launched today. T&Cs.

Requirements:

Exclusions:

• Anyone who has ever received switching cash from Ulster Bank, NatWest or RBS (but in reality we know that unless something has changed, they don't seem to check between banks).
• You must not have held any Ulster Bank current account on 26th May 2026.

Other information:

• Your £1,250 must remain in your new Select account for at least 24 hours. It can be paid in stages or all together. Only amounts deposited on or after your switch completion date count towards the £1,250 requirement.
• The current account you switch into Ulster must not be a NatWest or RBS current account.
• No direct debit requirements.

Offer has now been added to the switching offers archive for future reference.

*** Important: The terms require that you wait until your switch has completed before moving your cash across (you then have 60 days to do this). Any cash moved across before your switch completion date will not be counted towards the £1,250.

danny13579

This is the first switch offer from Ulster Bank in over 2 years. Unlike switch offers from the other banks based in Northern Ireland, it is open to all UK residents.

flaneurs_lobster

If the last offer is anything to go by, this board will be flooded by people asking "what's the nearest Ulster Bank branch to ……..?".

Answer: It's almost certainly Castlewellan.

AltruisticPie1544

Been reading online about how slow the Ulster sign up process is with it taking several weeks and needing paper documents to be signed and posted.

That was a few years ago, I hope since they have reintroduced the switching offer that they've improved the process. We'll see.

x44

So it is identical to the the current RBS switch offer, RBS and Ulster all being part of the NatWest group.

danny13579

https://forums.moneysavingexpert.com/discussion/comment/82012458#Comment_82012458

Not quite identical, but almost. The RBS offer applies to both the Select and Reward accounts. The Ulster Bank offer only applies to the Select account (as they don't offer Reward accounts).

Other than that, they are the same, just different offer dates.

dcs34

Sadly not available to those with an existing Ulster Bank current account (unlike other recent switch offers) but then again I only had that because Ulster Bank were offering top-of-the-table easy access accounts for the last year or so, so can't grumble too much!

FLAMPARD

anyone had a bonus who got one 2 years ago from NW or RBS

eastcorkram

https://forums.moneysavingexpert.com/discussion/comment/82012689#Comment_82012689

Do you mean from this current offer? It's a bit early. Wasn't it only announced yesterday?

FLAMPARD

https://forums.moneysavingexpert.com/discussion/comment/82012915#Comment_82012915

ok thanks jumping the gun a bit

AltruisticPie1544

https://forums.moneysavingexpert.com/discussion/comment/82012078#Comment_82012078

Thankfully it seems they have improved the sign up process. Within a few days of submitting my application I've been sent my customer number and activation code by email / text. I have managed to register for online banking and have full access to my account. Very much like the Natwest and RBS experience.

I've submitted my switch request too through the app. Already had the recent RBS bonus so will be a nice surprise if I get this one. Doesn't hurt to try.