A flexible short-term safety net for your business
To apply you must be 18+, an existing Isle of Man Bank Business account holder and resident in the Isle of Man. Your business must be registered in the Isle of Man.
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.
- Pay interest only on the amount you borrow
- No set minimum to pay back each month
- Ideal for unexpected bills or emergencies
If you don't need the money right away, you can access it at any time within the overdraft term. You won’t be charged any interest if you don't use your agreed limit.
For existing Isle of Man Bank customers no usage of your overdraft will mean that you pay no fees for a period of up to 12 months. After 12 months, we’ll contact you to review.
How much will it cost?
The arrangement fee you pay will depend on your overdraft amount. Details of the fees are displayed in the table.
Business Buffer Zone (£500)
Low Value Overdraft (£501 to £1,500)
Standard Overdraft (£1,501+)
1.5% (min £150)
Security may be required.
The interest rate for an overdraft will be specifically catered for your business and you will be informed of this prior to completing your application.