An account to manage multiple currencies

Cash Management account

To apply you must be aged 16 or over and resident in the Isle of Man.

On this page

Account features

Learn about fixed term savings

Common questions

Apply now

Our multi-currency account

Our Cash Management account has no monthly account fee and is for holding and moving money across multiple currencies, not everyday spending. You can add a Fixed Term Deposit Savings account, which is automatically linked to your Cash Management account for funding and maturity payments.

Transfers, withdrawals and international payments are subject to daily payment limits and may incur fees.

The key features of our Cash Management account

Hold and manage multiple currencies - Access most major currencies, including US Dollars and Euros, within a single account.

Make international transfers - Use the SWIFT network to transfer money securely to overseas bank accounts.

Grow your savings - Open a Fixed Term Deposit to grow your savings over a fixed period, available in a range of currencies.

Move money betweeen accounts - Transfer funds between accounts held in your name or make a payment to another bank account.

How do I pay in or take out money from my account?

This account is for managing funds rather than everyday spending, so you can’t pay in or take out cash or cheques.

You don’t need to give notice to move money out of your Cash Management account.

You can pay money in or take money out of your account by:

Transferring money to or from another account you hold with us.
Sending a payment to or from another bank, including overseas banks.

There are daily limits on the amount you can transfer from your account.

Can I earn interest on this account?

No, the Cash Management account does not pay interest. We only pay interest on a Fixed Term Deposit; you can open a deposit once your account is open.

A Fixed Term Deposit lets you lock in a set interest rate for a fixed period, so you’ll know exactly how much your money will earn.

You’ll earn interest on your Fixed Term Deposit at the times shown on your deposit confirmation. If no schedule is listed, we’ll pay it when your deposit matures.

Interest on Fixed Term Deposits will be paid in line with the frequency detailed on the deposit confirmation or by default on the maturity if not advised.

Fixed Term Deposit

When applying for a Cash Management account, you can place a Fixed Term Deposit once the account is opened. You'll be able to fix a deposit in Sterling and other currencies with a fixed rate of interest. Once your account is open we'll send you instructions on how to fix your deposit.

Fixed rates over a fixed term, so you know what you'll earn
A term to suit you - either 3, 6, 12 or 24 months
Start saving with balances from £5,000 or $10,000

Apply now for a Cash Management account

Alternatively, if you already have a Cash Management Account, learn more about our Fixed Term Deposit options.

Common questions

What documents do you need from me?

Is there a cost or account fee?

How do I credit my account?

What currencies can I hold?

How do I make a payment and are there charges for this?

You can make payments from your account as long as you have enough money available in your account.

You can withdraw or transfer money via:

our mobile app
online banking
telephone banking
written instruction

Charges vary depending on the amount and currency and how the payment is initiated. Please refer to our Personal Banking Account Terms and Fees Brochure for more detail.

Ready to apply

Before you apply, we've outlined the eligibility requirements for the account below, along with our terms and conditions to make sure it's the right account for you.

You can apply for a Cash Management account if you are:

aged 16 years or over
resident in the Isle of Man

There is no minimum deposit required to open an account.

Please review our important information

Please take the time review, print and/or save the important information. The following terms and fees apply to our Cash Management account.

Personal Banking Account Terms & Fees (PDF, 1 MB)

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 for more information.

All ok? You're nearly ready to start

Continue

Let's check how old you are

To apply for this account you must be 16 or over.

I'm 18 or older

I'm 16 or 17 years old

Please tell us if you already hold an Isle of Man Bank account

Yes

Is this account just for you, or is it a joint application?

Please let us know if you’re applying for an account for yourself, or if this will be a joint account with someone else.

Sole account, just for me

Joint account for two people

Great, let's get your application started

We’ll ask you to upload some documents as part of your application. This is important, as it helps us check you are who you say you are.

The full name you put on this form must exactly match the one on the photo ID you'll use. Without your ID to hand, your application can't be completed.

We usually ask for:

Photo ID, such as a Drivers licence or Passport.
A short video or selfie to compare with your photo ID.
Bank e-statements or utility e-bill (these must be in a PDF format)

Once your application has been submitted we will send an e-mail confirming next steps. We will then be in touch within 10 working days working days.

Great, let's get your application started

We’ll ask you to upload some documents as part of your application. This is important, as it helps us check you are who you say you are.

The full name you put on this form must exactly match the one on the photo ID you'll use. Without your ID to hand, your application can't be completed.

We usually ask for:

Photo ID, such as a Drivers licence or Passport.
A short video or selfie to compare with your photo ID.
Bank e-statements or utility e-bill (these must be in a PDF format)

Once your application has been submitted we will send an e-mail confirming next steps. We will then be in touch within 10 working days working days.

Is this account just for you, or is it a joint application?

Please let us know if you’re applying for an account for yourself, or if this will be a joint account with someone else.

Sole account, just for me

Joint account for two people

Great, let's get your application started

We’ll ask you to upload some documents as part of your application. This is important, as it helps us check you are who you say you are.

The full name you put on this form must exactly match the one on the photo ID you'll use. Without your ID to hand, your application can't be completed.

We usually ask for:

Photo ID, such as a Drivers licence or Passport.
A short video or selfie to compare with your photo ID.
Bank e-statements or utility e-bill (these must be in a PDF format)

Once your application has been submitted we will send an e-mail confirming next steps. We will then be in touch within 10 working days working days.

Great, let's get your application started

We’ll ask you to upload some documents as part of your application. This is important, as it helps us check you are who you say you are.

The full name you put on this form must exactly match the one on the photo ID you'll use. Without your ID to hand, your application can't be completed.

We usually ask for:

Photo ID, such as a Drivers licence or Passport.
A short video or selfie to compare with your photo ID.
Bank e-statements or utility e-bill (these must be in a PDF format)

Once your application has been submitted we will send an e-mail confirming next steps. We will then be in touch within 10 working days working days.

Let's kick off your application

Before you dive in, here are a few friendly reminders:

Once your application is submitted, we’ll review it and drop you an email with the next steps. This might include a request for documents to help verify your identity and address.
If that’s the case, you’ll find a link in the email to our secure document upload system, where sharing your documents and snapping a quick selfie is a breeze.

What you’ll need to prepare:

Proof of identity: A photo of your Passport, ID card, or driving licence.
Proof of address: A PDF of a recent utility bill or bank statement (unfortunately, we can’t accept photos).

For joint applications, we will also reach out to your co-applicant for the same details.

You’re all set! Just hit the “Start application” button, fill out the quick form, and keep an eye on your inbox for our emails. Don’t forget to check your junk folder too, just in case.

Start application