ULSTER Bank has said it will provide free transactional banking for start-ups and early-stage companies "in an effort to drive economic recovery".
Transaction fees for newly established and young businesses will be waived for two years when they become customers of the bank, a statement said. Businesses can also avail of up to €30,000 for development where personal guarantees will not have to be backed by assets.
Ulster Bank's campaign for start-ups will be supported by a programme of special 'Start-Up Live' events over the next two months, run in association with smallbusinesscan.com, providing advice, support and networking opportunities country wide.
Declan Fitzgerald, managing director, Business Banking, Ulster Bank said, "We are very committed to supporting start- ups and early-stage enterprises and ensuring they receive the finance and support they need.
"This campaign will give new businesses the chance to meet liked-minded businesses and advisers who can provide real insight and help on starting and growing their businesses."