The Isle of Man banking universe.
Despite our success as an international financial centre we have a relatively small banking sector. Here is a simple list of our Isle of Man banks for reference:-
The Isle of Man Banks.
(ii) HSBC Bank Plc,
(iv) The Royal Bank of Scotland International Limited. (inc. IOM Bank, NatWest & Coutts)
(vii) Nedbank Private Wealth,
As you can see our local banking universe is surprisingly limited. Each of the banks has a different appetite with respect to clients that it will accept. For general information about opening an account in the Isle of Man see our article – Simple facts about opening an Isle of Man bank account.
All our Class (1)(1) banks – which is all of them except Capital International Bank are “Covered Banks” in respect of the Isle of Man Depositors Compensation Scheme (See here)
If you want help with making a choice or with an introduction then we will assist you if we can. Contact [email protected] or WhatsApp +44 1624 777900.