A flexible short-term safety net for your business
To apply you must be aged 18 or over, be resident in the Channel Islands, Isle of Man or Gibraltar and be the owner or director of the business you’re applying on behalf of. Your registered business address must be in the Isle of Man and/or the business must be registered for tax purposes in this jurisdiction.
The business must have a single layer of ownership with no nominee shareholding structures. All owners, directors or shareholders must be resident in the Channel Islands, Isle of Man or Gibraltar. Cash takings must not exceed 20% of the annual turnover.
Helping you prepare for the unexpected
An overdraft could help your business boost its cash flow when it matters, or help when an unexpected cost comes along.
- Pay interest only on the amount you borrow
- No set minimum to pay back each month
- Ideal for unexpected bills or emergencies
If you don't need the money right away, you can access it at any time within the overdraft term. You won’t be charged any interest if you don't use your agreed limit.
For existing Isle of Man Bank customers no usage of your overdraft will mean that you pay no fees for a period of up to 12 months. After 12 months, we’ll contact you to review.