Summary: Unfortunately, Ulster Bank does not offer any investing features on its platform and only has traditional banking products and services. However, you can still buy shares with the funds in your Ulster Bank account. Simply open an account on an online broker and buy shares on that platform by transferring funds from your Ulster Bank account.
eToro is the best online brokerage platform globally and allows Ulster Bank users to invest in over 8000 shares. Additionally, users may purchase ETFs, commodities, currencies, indices and cryptocurrencies.
Can I buy Shares on Ulster Bank?
No, Ulster Bank does not offer any investing features on its platform. The bank only offers traditional banking products and services. Not to worry, there are alternative methods to investing in stocks with the funds in your Ulster Bank account. Transfer funds from your Ulster Bank account to an online broker and buy stocks directly there.
The most reliable and affordable way to buy stocks with an Ulster Bank account is through the eToro platform. eToro is the safest exchange in Ireland and Europe and is regulated by the CySEC and the FCA. eToro Europe and UK both comply with the Markets in Financial Instruments Directive (MiFID).
How to buy Shares with Ulster Bank
In this example, we show Irish users how to invest in shares with an Ulster Bank account through eToro. Ulster Bank account holders can deposit funds via bank transfer, credit/debit card, Skrill, Neteller & PayPal. Follow the below steps to buy shares with an Ulster Bank account.
- Sign up to the eToro platform and verify your identity.
- Tap ‘Deposit Funds’, select a method and transfer funds from your Ulster Bank account.
- Find the asset you want to buy in the search bar and click ‘Trade’.
- Input the amount you want to purchase and select ‘Set Order’.
Is it expensive to invest in Shares?
Not when you use the eToro platform because it offers brokerage-free trading on shares and ETFs. Additionally, it doesn’t charge any fees to deposit funds from your Ulster Bank account. The only fee you need to consider when using the platform is a $5 fee every time you make a withdrawal. For a comprehensive breakdown of eToros pricing, you can visit its Fees Schedule.
What is Ulster Bank
Ulster Bank is one of the leading banks in Ireland that was founded in 1836 and is a subsidiary of Royal Bank of Scotland (RBS). RBS acquired Ulster Bank in 2000. Ulster Bank has over 1,000 branches across Ireland and serves over 2 million customers. Ulster Bank has a strong presence in both the Republic of Ireland and Northern Ireland.
Ulster Bank is one of the four main clearing banks in Ireland and is a member of the Irish Payment Services Organisation (IPSO). Ulster Bank is also a member of the Federation of European Private Banks (FEBP). It has been awarded many accolades in recent years, including: 'Bank of the Year 2018' by Euromoney, 'Best Consumer Digital Bank in Ireland 2018' by Global Finance, and 'Best Retail Bank in Ireland 2018' by The Banker.