Select Account
Switching bonus from Ulster Bank
Bonus
£200
Penny's take
Solid £200 reward for a straightforward switch. Ulster Bank's Select Account is a free, no-frills current account, so the bonus is the main draw here. The requirements are manageable — deposit £1,250 (split across payments) and log into the mobile app within 60 days — making this accessible to most switchers without significant effort.
The biggest catch is the NatWest Group exclusion: anyone who has previously claimed a NatWest, Royal Bank of Scotland, or Ulster Bank switch incentive is locked out, which rules out a meaningful chunk of potential applicants. With no monthly fee and no ongoing perks to offset that restriction, this suits first-time NatWest Group switchers looking for a clean, cost-free bonus.
Requirements at a glance
Deposit requirement
Direct Debits
Transactions
Monthly fee
Online Banking
How to qualify
Requirements
- •Apply for a Select account and complete a full switch from another bank using the Current Account Switch Service (CASS).
- •Within 60 days of switching, pay in £1,250 — this can be split across multiple payments and must stay in the account for at least 24 hours.
- •Within 60 days of switching, log in to the Ulster Bank mobile app.
Things to check
- Offer is available to new and existing customers who did not hold an Ulster Bank current account on 26 May 2026.
- Not eligible if you or anyone on the account has previously received a NatWest Group cash switch incentive.
- Not eligible if switching an account from NatWest Group, including NatWest or Royal Bank of Scotland.
- The old bank must be part of the Current Account Switch Service; manual or partial switches do not qualify.
- Specific account eligibility criteria apply. Offer may be changed, replaced, or withdrawn at any time.
Account Benefits
No monthly fee
Keep the account open without paying a monthly account charge.