Ulster Bank Launches Transaction Fee Free Banking For Business Start-Ups New Business Package includes best start-up business loan rate available
16 April 2007
Ulster Bank has today launched a new dedicated Business Start-Up Package, offering customers transaction fee free banking*, the lowest Start-up loan rate of 5.95% variable and access to finance and discounts on a range of other banking services needed to get a business up and running.
Features of the package include:
- Transaction fee free banking for three years
- A market leading Start-Up Business Loan rate of just 5.95% variable, for all amounts
- Access to finance - Loan of up to €30,000 with no need for asset backing for personal garantees
- Free monthly subscription for three years to Ulster Bank's online banking service 'Anytime Business'
- A Mastercard Business Card with the annual fee waived for the first year**
- Flexible Lombard asset finance arrangements, with the first set-up fee waived
- Free set-up and enhanced rates for Ulster Bank's card payment solutions
- Commercial foreign exchange and trade support services for start ups doing business abroad
- Dedicated support from their nationwide team of Enterprise Advisers
John McGrane, Head of Commercial & Business Banking at Ulster Bank said they carried out extensive research into the financial needs of start-up companies before putting together this package.
"This package reflects the needs of new businesses today, offering them access to finance without unwieldy fees and charges at a time when every penny needs to be invested in the new enterprise.
A majority of businesses don't require huge capital sums but understandably people aren't always willing to risk personal assets or re-mortgage to start-up their own company. Our package offers easier access to finance at lower rates than any other bank today."
The move to provide start-up customers with transaction fee free banking follows Ulster Bank's introduction of transaction fee free banking for personal customers in January 2006 and is further evidence of a commitment to provide competitive and innovative products for its customers. It's a further step in Ulster Bank's aim to be the number one business bank in Ireland, a position it already holds in Northern Ireland.
The package announced today is available to all start-ups opening an account with Ulster Bank between 16th April 2007 and 30th April 2008. Ulster Bank has 32 dedicated Business Centres across Ireland and customers can also talk to Enterprise Advisers based at Ulster Bank's branches.
For further information on the package call 1850 314 151 or log on to www.ulsterbank.ie/startups
* Charges for additional services still apply.
** Government Stamp Duty applies