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Business Current Account

Everyday banking for small to medium-sized businesses

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.

Helping you spend more time on business

Whatever the size of your business, we can help you manage your day-to-day transactions smoothly and efficiently.

Get your own Relationship Manager (turnover and eligibility criteria apply)

24/7 online banking and telephone banking

Bank anywhere with our mobile banking app

Option to apply for an overdraft

Online banking is available to customers aged 11 or over with an Isle of Man Bank account. The mobile banking app is available to customers who have online banking and an Isle of Man, Channel Islands, UK or international mobile number (our app is available in 18 countries).

More details...

Features

24/7 online banking

Keep track of and manage your finances 24/7 with our online banking service.

Mobile banking app

Our mobile app lets you manage and keep track of your business and personal finances on the go.

Apply for an overdraft

An overdraft could help your business boost its cash flow when it matters, or help when an unexpected cost comes along.

Relationship Manager

A dedicated, locally based relationship management team will support you and your business. (turnover and eligibility criteria apply)

Charges

How much will it cost?

Details of the costs we charge you for the day-to-day running of your account.

We’re doing our bit to help startup businesses

If you have started a business within the last 12 months and open a business current account, you may be eligible for 12 months free banking.

Free banking means that you won’t be charged for everyday transactions. Charges for unarranged overdrafts are not part of the free banking offer. We’ll always give you at least 60 days’ notice of the service charge tariff that will apply to your account before you start to incur charges.

Free banking on our business current account is offered subject to status for businesses that have been trading for less than 1 year and have a projected or existing annual turnover of less than £1 million. 

An everyday account for charities, clubs and societies

If you’re a not for profit organisation and your annual credit turnover doesn’t exceed £100,000 we’ll offer you free banking on the Business current account. This means you won’t pay a service charge as long as your organisation remains eligible for free banking.

Free banking means that you won’t be charged for everyday transactions. Charges for unarranged overdrafts are not part of the free banking offer.

We’ll monitor your turnover regularly and if we identify that you’ve exceeded £100,000 in any 12 month period, we will contact you to tell you that you’ll start to incur fees at the standard tariff listed for your everyday transactions.

We’ll always give you at least 60 days’ notice of the service charge tariff that will apply to your account before you start to incur charges.

Switch your business account to Isle of Man Bank

The Current Account Switch Service will move everything across from your old account to your new Isle of Man Bank account, including Direct Debits and standing orders, within 7 working days. It's completely free and is backed by an industry-wide guarantee.

Ready to apply?

Thanks for choosing a business current account with Isle of Man Bank. 

Let's get started. Are you a...

What kind of company are you?

Please make sure you're eligible to apply for a business current account

For a Sole Trader registered in the Isle of Man

  • You're aged 18 or over
  • You're the owner or a director of the business you’re applying on behalf of
  • Your registered business address must also be in Isle of Man or you should be registered for tax purposes in Isle of Man

 

Please take some time to review the important info

Please take some time to review the following documents as we will ask you to confirm you’ve read these as part of the application form. These documents can be downloaded and saved to your computer for future reference.

How your information might be used

It's important for you to understand how we use and share your information. Please read our privacy notice before you continue with your application.

Looks like you are ready to begin

To help us process your application as quickly as possible, please complete the form in full. When completed, please save the application form to your computer then email the pdf to our Business Banking Team at businessbankingapplications@iombank.com.

We will confirm receipt of your application and contact you within 2 business days to advise the next steps.

Please make sure you're eligible to apply for a business current account

For a Partnership registered in the Isle of Man

  • You're aged 18 or over
  • You're the owner or a director of the business you’re applying on behalf of
  • Your registered business address must also be in Isle of Man or you should be registered for tax purposes in Isle of Man

 

Please take some time to review the important info

Please take some time to review the following documents as we will ask you to confirm you’ve read these as part of the application form. These documents can be downloaded and saved to your computer for future reference.

How your information might be used

It's important for you to understand how we use and share your information. Please read our privacy notice before you continue with your application.

Looks like you are ready to begin

To help us process your application as quickly as possible, please complete the form in full. When completed, please save the application form to your computer then email the pdf to our Business Banking Team at businessbankingapplications@iombank.com.

We will confirm receipt of your application and contact you within 2 business days to advise the next steps.

Please make sure you're eligible to apply for a business current account

For a Limited company or LLP registered in the Isle of Man

  • You're aged 18 or over
  • You're the owner or a director of the business you’re applying on behalf of
  • Your registered business address must also be in Isle of Man or you should be registered for tax purposes in Isle of Man

 

Please take some time to review the important info

Please take some time to review the following documents as we will ask you to confirm you’ve read these as part of the application form. These documents can be downloaded and saved to your computer for future reference.

How your information might be used

It's important for you to understand how we use and share your information. Please read our privacy notice before you continue with your application.

Looks like you are ready to begin

To help us process your application as quickly as possible, please complete the form in full. When completed, please save the application form to your computer then email the pdf to our Business Banking Team at businessbankingapplications@iombank.com.

We will confirm receipt of your application and contact you within 2 business days to advise the next steps.

Please make sure you're eligible to apply for a business current account

For a not for profit organisation registered in the Isle of Man

  • You're aged 18 or over
  • You're the owner or a director of the business you’re applying on behalf of
  • Your registered business address must also be in Isle of Man or you should be registered for tax purposes in Isle of Man

 

Please take some time to review the important info

Please take some time to review the following documents as we will ask you to confirm you’ve read these as part of the application form. These documents can be downloaded and saved to your computer for future reference.

How your information might be used

It's important for you to understand how we use and share your information. Please read our privacy notice before you continue with your application.

Looks like you are ready to begin

To help us process your application as quickly as possible, please complete the form in full. When completed, please save the application form to your computer then email the pdf to our Business Banking Team at businessbankingapplications@iombank.com.

We will confirm receipt of your application and contact you within 2 business days to advise the next steps.

For existing customers

Do you have a Relationship Manager?

If you have a Relationship Manager, please contact them using their direct number.

Relationship Managers are available Monday to Friday 9am - 5pm.

Don't have a Relationship Manager or don't have their number?

No problem. We can still help you. Please contact us on:

01624 637000

Lines open Monday to Friday 9am - 5pm.