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Current account switch

Switch your business account to Isle of Man Bank

To apply for an Isle of Man Bank business current account you are required to be 18 years or over and be the owner or director of the business you’re applying on behalf of. Your registered business address must also be in the Isle of Man or you should be registered for tax purposes in the Isle of Man.

Switch your account to us

The Current Account Switch Service makes switching from one bank or building society to another simple and stress-free whether you’re a consumer, small charity or small business. You can choose a switch date to suit you, just make sure you allow a minimum of 7 working days.

Any regular payments made to or requested from your old account will be automatically redirected to your new account. That means there’s no need to worry about missing payments.

What happens when you switch?

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Days 1 & 2

The Current Account Switch Service will contact your old bank and they confirm if the switch can go ahead.
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Days 3 to 5

Your new account will be set up and your payments, like Direct Debits and standing orders, will be moved across.
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Day 6 & 7

On the switch date your new account will be ready to use and your balance will be transferred. Your old account will be closed.

From switch day

If any payments are made to or from your old account after switch date, they’ll be redirected to your new account.

Important information

We recommend that you read these documents before contacting us to start the switch.

Permissions to Third Party Providers

If you have given permissions to Third Party Providers to make payments on your behalf, or to access your financial data, access to these services won’t be transferred automatically to your new account as part of the Current Account Switch Service.

Common questions