Convenient and easy way to deposit cash and cheques

Business Quick Deposit will retain the speed of service you have come to expect from Isle of Man Bank when having your account credited. If you pay in cash at any branch before 3.30pm on a business day, your account will be credited that day. Deposits made after this time will be credited on the next business day. Cheques will be credited subject to the standard clearance period.

Business Quick Deposit is a convenient and straightforward way to deposit cash and cheques. Here’s how to use it:

1. Count your cash and cheques in the normal way sorting notes by denomination. Please remove all staples, pins, tape and paper clips. Make sure all notes are flat, unfolded and secured by a note band or elastic band at each end.
2. Count any coins. Unless you have enough to fill a coin sachet (e.g. £5 of 10p pieces) there’s no need to sort by denomination – simply place all mixed coins in a single coin sachet.
3. Ensure all cheques are facing the same way and they are in the order listed.
4. Complete a preprinted Bank Giro Credit, noting the serial number of the Business Quick Deposit wallet on the counterfoil. For each Bank Giro Credit only one Business Quick Deposit wallet must be used.
5. Write in the note, coin and total cash figures on the grid on the Business Quick Deposit wallet, checking that the figures agree with those on the Bank Giro Credit.
6. Write your business name, account number and branch sort code on the wallet.
7. Place your cash in the Business Quick Deposit wallet and seal it.
8. Place your Bank Giro Credit and any cheques in the clear pocket on the Business Quick Deposit wallet and seal it.
9. Detach the tear-off slip for your records.
10. Bring the envelope to your branch and place it in the Quick Deposit unit or deposit it with the branch staff. There is no minimum or maximum restriction to the amount you can put in each wallet, however, we recommend up to £2,500 of mixed denomination notes and three sachets of coin. This is to avoid overfilling the wallet, which may result in the tamper-evident seal being damaged.

Business Quick Deposit units are available in the following branches:

• Athol Street, Douglas
• Regent Street, Douglas
• Parliament St, Ramsey