Overdrafts
Helping you prepare for the unexpected
An overdraft could help your business boost its cash flow when it matters, or help when an unexpected cost comes along.
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Business account & overdrafts
Everyday banking for your business
To apply you must be aged 18 or over, be resident in the Channel Islands, Isle of Man or Gibraltar and be the owner or director of the business you’re applying on behalf of. Your registered business address must be in the Isle of Man and/or the business must be registered for tax purposes in this jurisdiction.
The business must have a single layer of ownership with no nominee shareholding structures. All owners, directors or shareholders must be resident in the Channel Islands, Isle of Man or Gibraltar. Cash takings must not exceed 20% of the annual turnover.
Our business current account
Whatever the size of your business, we can help you manage your day-to-day transactions smoothly and efficiently.
- Get your own Relationship Manager (minimum borrowing requirement of £50,000 or more)
- 24/7 online banking and telephone banking
- Bank anywhere with our mobile banking app
- Option to apply for an overdraft
Online banking available to customers aged 11+ with an Isle of Man Bank account. App available to customers aged 11+ with compatible iOS and Android devices and an Isle of Man, UK or international mobile number in specific countries (opens in new window).
Switch your account to us
The Current Account Switch Service makes switching from one bank or building society to another simple and stress-free. You can choose a switch date to suit you, just make sure you allow a minimum of 7 working days.
This service is only available to switch current account products. Any other products you have with your old bank will not be moved at the same time.
Account charges
The charges that apply to your business account
Detailing the costs we charge you for running your business account. Our charge document tells you what you have to pay and when.
Banking with us
Explore ways to do your business banking
At Isle of Man Bank we support businesses by providing them with the tools to succeed including mobile and online banking.