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Overdrafts

Giving you peace of mind with your banking

Arranged overdraft

Take the stress away with overdraft protection

  • You only pay interest and fees if you use it
  • Interest-free buffer depending on your current account
  • Get an instant decision if you bank online with us

Change your overdraft limit

You can easily change your overdraft limit to suit your needs. Whether it’s too high or too low you can get an instant decision today by applying online.

You can also request that your overdraft be completely removed if you don't want it anymore. Bear in mind, you won't be charged if you don't use your Arranged Overdraft.

Arranged overdraft interest rates

Choose your account type below and you’ll see the rates applicable to an Arranged Overdraft.
Arranged overdraft interest is calculated on a daily basis and charged monthly.

Common questions about overdrafts

Ready to apply?

Before you apply, we've outlined the eligibility requirements for an overdraft below, along with our terms and conditions so you can make sure it's the right option for you.

You can apply for an overdraft if you:

  • Are aged 18+ and permanently resident in the Isle of Man.
  • Hold an Isle of Man Bank current account or student account.
  • Have not been declared bankrupt over the past 6 years.

Please review our important information

By clicking continue you’re confirming that you’ve been provided with, and have acknowledged our important documents.

How your information might be used

It's important for you to understand how we use and share your information. Please read this short summary before you continue with your application.

Lets get started...

To speed up your application for an overdraft, we need to run through some quick questions with you. They'll only take a few minutes.

Do you have an Isle of Man Bank current account?
Please tell us if you have an Isle of Man Bank current account or student account.
Do you use Online Banking?
To apply for an Arranged Overdraft online you must be registered for Online Banking.
What do you want to do today?
Please tell us if you want to apply for a new Arranged Overdraft, or change or remove and existing Arranged Overdraft.

Great, looks like you're all set and ready to go!

Just a heads up - we'll ask you to log in to your Online Banking at the next step.

Great, looks like you're all set and ready to go!

Just a heads up - we'll ask you to log in to your Online Banking at the next step.

As part of your application you'll be asked to input your new Arranged Overdraft limit:

  • If changing your Arranged Overdraft, please tell us what you want your total overdraft limit to be.
  • If removing your Arranged Overdraft, please input '0' to remove your existing limit.

Register for Online Banking before you apply

To apply for an Arranged Overdraft online you need to be registered for Online Banking.

If you have your debit card to hand you can register today.

Register for Online Banking now

You need to have an account with us...

Our Arranged Overdraft is only available to existing Isle of Man Bank customers who already have one of our eligible current accounts.

View our current accounts