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Ulster Bank ups the ante to win startups over

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Ulster Bank is upping its game to win more business customers. Ulster Bank has announced free interest-free banking for startups and early-stage companies – something the big London-based banks should take notice of.

Startups will be given two years of free transactional banking, and can also benefit of up to €30,000 for development where personal guarantees won’t have to be backed by assets.

“We’re very committed to supporting startups and early-stage enterprises and ensuring they receive the finance and support they need,” says Declan Fitzgerald, MD of Ulster Bank’s business banking division.

A programme of special “Startup Live” events will also take place throughout autumn, to provide advice and networking opportunities for startups.

“This campaign will give new businesses the chance to meet like-minded businesses and advisors who can provide real insight and help on starting and growing their businesses.”

Ulster Bank’s offer seems almost too good to be true. As ministers push the big banks to lend more to small businesses, when will we see more high-street banks take notice and do the same?

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