Summary: 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 Uphold platform because they are FCA regulated and trusted by over 10 million users across the UK and Europe. Their exchange offers over 200 different crypto assets and provide daily audited proof-of-reserves to promote transparency of customer funds.

Best Crypto Exchange for Ulster Bank

Platform Highlights

  • Trade 210+ Cryptos with Fast and Cheap EUR or GBP deposits from Ulster Bank.
  • Regulated in Europe and has audited Proof-of-Reserves for customer funds.
  • Offers multiple asset classes including Crypto (and Crypto Staking), Stocks, ETFs, Metals, Currencies and more.
Uphold - Ulster Bank
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Audited Proof of Reserves
Table of Contents

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 Uphold.

  1. Sign Up: Create an account on Uphold and complete your verification.
  2. Connect Account: Connect any Ulster Bank account to Uphold to deposit Euros (EUR).
  3. Deposit Funds: After selecting "My banks" you can select the amount of EUR to deposit and complete the transfer.
  4. Buy Cryptocurrency: The final step is to find the cryptocurrency you want to buy and execute your trade.
Deposit EUR with Ulster Bank to invest in Digital Assets
Deposit EUR with Ulster Bank to invest in Digital Assets.

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.

Ultster Bank Anytime Banking
Ulster Anytime Banking.

Final Thoughts

If you are looking to invest in cryptocurrencies through Ulster Bank, unfortunately the bank does not offer any direct options to buy digital assets. However, there are many FCA-licensed exchanges that are available to purchase cryptocurrencies, with Uphold being one of the recommended options.

While Ulster Bank has not yet acquired the appropriate licensing to operate a cryptocurrency exchange, they do not have any policies that prohibit their customers from investing in digital assets.

I am a Finance graduate and market analyst that enjoys researching and writing about digital assets and how they intersect with Macro.