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Current Account Switch Guarantee

Switch your business current account

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Switch your business bank account to Isle of Man Bank

The Current Account Switch Service makes it easy to move your current account to another UK bank or building society. It’s available to consumers, small businesses, charities and trusts.

You can pick a switch date that suits you and your new bank or building society will handle the whole process for you.

To switch to Isle of Man Bank, you require to have already opened a business current account with us.

How switching works

You don't have to make a complete switch from one provider to another, it’s possible to make a partial switch too. Here’s a quick look at the main differences between full and partial switches.

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To switch to Isle of Man Bank, you require to have already opened a business current account with us. Business current accounts for new customers or a business entity that doesn't already bank with us will be offered by NatWest International. 

Full switch summary

  • Your old account will be closed.
  • We'll transfer your Direct Debits and Standing Orders to your new account.
  • We'll move any remaining balance to your new account with us and close the old one.
  • If someone pays into your old account after the switch, we'll redirect the money to your new account.
  • The switch takes 7 working days from the date we tell your old bank.
  • The service is backed by the Current Account Switch Guarantee (PDF, 40 KB).
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Partial switch summary

  • Your old account stays open.
  • You choose which Direct Debits and Standing Orders to move from your old bank account.
  • We won't move Standing Orders that occur less than once a year.
  • We won't forward or redirect any payments to your new account.
  • The switch takes at least 11 working days from when we tell your old bank.
  • This service isn't covered by the Current Account Switch Guarantee.
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Want to know which switch is right for your business?

Read our guide to switching your business account which includes a simple decision tree to help you choose between the full and partial Current Account Switch Service.

Your guide to switching your account to us (PDF, 1 MB)

Do you have further questions?

Take a look at our guide for answers to more common questions.

Your guide to switching your account to us (PDF, 1 MB)

How to switch your business current account to us

If you have a current account with Isle of Man Bank, you can switch using the Current Account Switch Service.

If you don't already have a current account account with us, then you may not be able to switch your business current account to Isle of Man Bank.

Do you already have a business current account with us?

Information Message

To switch to Isle of Man Bank, you require to have already opened a business current account with us. Business current accounts for new customers or a business entity that doesn't already bank with us will be offered by NatWest International.