Key Takeaway: Ulster Bank and the Anytime Banking platform both do not offer any products or services which enable customer to buy and sell cryptocurrencies. The only method available to buy Bitcoin, Ethereum and other cryptocurrencies from Ulster is through an FCA-licensed exchange.
If you are looking to get started quickly, we recommend the eToro platform because they are regulated and trusted by over 18 million users across the UK and Europe.
- Fast and cheap GBP or EUR deposits from Ulster Bank.
- 80+ Cryptos and over 8,000 Stocks, ETFs & Commodities for low fees.
- Financial Conduct Authority (FCA) licensed and regulated platform.
78% of retail CFD accounts lose money.
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How buy Crypto with Ulster Bank
If you are looking to buy Bitcoin or other cryptocurrencies directly on the Ulster Bank platform, you are out of luck. Investors in Ireland cannot buy digital assets directly through any bank and will need to sign up to a Financial Conduct Authority (FCA) licensed platform.
You can get started in minutes from your Ulster Bank account with the example below using eToro.
- Step 1: Sign up to eToro Ireland and complete your verification.
- Step 2: Click ‘Deposit Funds’ on the home page and Select ‘Bank Transfer’.
- Step 3 Sign into your Ulster Bank Anytime Banking app and deposit GBP to the deposit details provided by eToro.
- Step 4: Once your funds have arrived in your eToro account, search for the token you want and press 'Buy'.
Ulster Bank Crypto Policy
Ulster Bank was founded in 1836 and is a subsidiary of the Royal Bank of Scotland. As at time of writing, both RBS and Ulster Bank have nothing in their policies that prohibit their customers from investing in cryptocurrencies. The bank provides personal banking products and services but are yet to implement a cryptocurrency investing feature directly on their platform.
This does not mean that they are against digital assets, it simply means they have not acquired the appropriate licensing to operate a cryptocurrency exchange on their platform.
About Ulster Bank
Ulster Bank is a large commercial bank in Ireland. It is one of the traditional "Big Four" Irish banks. Ulster Bank Group is part of the Royal Bank of Scotland Group. The bank operates throughout both the Republic of Ireland and Northern Ireland. It has over 1,800 branches and offices across the island, and serves over five million personal, business and corporate customers.
The bank is highly regarded for the Ulster Bank RI Mobile Banking app, which provides users with a sleek and convenient way to do their banking on the go. In terms of products and services, Ulster Bank offers a wide range of options for both personal and business customers. These include savings and investment accounts, credit cards, loans, mortgages and more. The bank is also known for its competitive rates and fees.
Ulster Bank also offers a range of other products and services, including home insurance, life insurance, travel insurance, personal loans, credit cards and business banking products. The bank Bank is a member of the Irish Banking Federation and the UK's Payment Systems Regulator.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.