Managing funds is one of the top worries for students who want to study abroad. To handle money when travelling overseas and keep your studies going without worrying about paying bills, tuition, or other day-to-day expenses, you must open an international bank account. It might be difficult for students to choose which foreign bank account to open because there are so many alternatives accessible. We will outline the advantages of opening an account with Ulster Bank Ireland for overseas students in this article. For more information, keep reading.
Must Read: GUIDE TO OPEN INTERNATIONAL STUDENT BANK ACCOUNT IN IRELAND
About Ulster Bank Ireland for International Students
Both in the Republic of Ireland and Northern Ireland, Ulster Bank provides financial services to individuals, small businesses, and individuals and corporations, as well as foreign students. Ulster Bank strives to understand its client’s needs and meet them where they are, making banking for students convenient and hassle-free.
Features of Ulster Bank Account
Let’s take a look at the features of the Ulster Bank Account
- On Demand Banking where students can utilise the Mobile Banking app, Anytime Banking, or 24-hour UK contact centres to access their account at any time.
- Get cash without using a credit card: Students can use a cash machine at Ulster Bank, RBS, NatWest, or Tesco without using a card.
- Students can pick up commission-free foreign currency online without any hassles with Ulster Bank before.
- Students can pay and transfer money to their contacts. Pay your contacts lets you send money to someone with a UK mobile number who has an Ulster Bank account, NatWest, or RBS.
Also, Read EDUCATION LOAN FOR IRELAND FOR INTERNATIONAL STUDENTS 2023: A COMPLETE GUIDE!
Benefits of Ulster Bank Account
Here are some of the benefits of opening an Ulster bank account:
- Students can apply for an interest-free overdraft limit of up to £3,000 while pursuing degrees in medicine, dentistry, law, accounting, pharmacy, optometry, physiotherapy, and veterinary science.
- Up to £1000 in interest-free overdrafts with rapid online decisions
- Ulster Bank’s mobile banking app is simple to use.
- Apple Pay, Google Pay, and contactless debit cards are all available as payment options. But there are certain restrictions on it.
- At Ulster Bank ATMs, students are permitted to withdraw up to £130 without a card once every 24 hours, provided that they stay within the parameters of your daily withdrawal cap.
- There is no monthly fee for students.
Also Read: STUDY ABROAD: SURGE IN INTERNATIONAL STUDENT POPULATION IN NORTHERN IRELAND ADDS £1BN TO ECONOMY
Eligibility for Ulster Bank Account
In order to open an Ulster student bank account, students must have the below-mentioned eligibility criteria:
- Any full-time third-level student is eligible to apply.
- They have a minimum two-year course requirement and a maximum five-year duration.
- They are at least 18 years old and have lived in the UK for at least three years, if not longer.
Documents Required
- UK passport or a full or temporary driver’s licence
- Driver’s licence, utility bill, or bank statement can all be used as proof of address. Students can use one of the papers and need to prove that they are a student in the UK.
- Students will also need to confirm their status as UK students. The quickest method to accomplish this is with their 16-digit UCAS code.
FAQs
Ans: In order to open a student bank account at Ulster Bank, students are required to submit the following documents:
ID Proof
Address Proof
Proof of student status
If students want to use the student overdraft facility, they must additionally show verification of their PPSN.
Ans: Ulster Bank will provide students with the option to transfer to graduate accounts once they have completed their undergraduate studies.
Graduate accounts have different features and prices than student accounts, and they may be kept open for a full year.
Ans: Students can register information about the assistance or modifications they require to make banking simpler using the supplementary support option known as Banking My Way.
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