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Planned changes to

Isle of Man Bank

We'd like to make you aware that our planned changes to Isle of Man Bank came into effect on 28 May 2019.

Your accounts will stay in the Isle of Man and there are no changes to your account number or sort code.
You’ll still deal with the same people in the same way as you do today and there are no negative impacts for our colleagues or the Isle of Man Bank brand as a result of our transfer.

What has changed?

We wrote to customers in 2019 detailing our proposal to move the Isle of Man Bank business from Isle of Man Bank Limited, to The Royal Bank of Scotland International Limited (“RBS International”). Both of these entities are wholly owned by The Royal Bank of Scotland International (Holdings) Limited which in turn is wholly owned by The Royal Bank of Scotland Group plc ("RBS Group plc").

Making these changes enables us to simplify our bank so we can keep investing in the Isle of Man Bank business, brand, products, services and customers.

Our plans were subject to approval from the Isle of Man Financial Services Authority (FSA), the High Court of Justice of the Isle of Man and various other bodies.

All parties approved the Scheme at a Court hearing held on 21 May 2019 and the Transfer came into effect from 00.01am on 28 May 2019 (the "Effective Date").

We recognise the importance of Isle of Man Bank to our customers and community as well as our colleagues across the group. That's why the business will continue to trade as Isle of Man Bank and we'll continue to use and develop the Isle of Man Bank brand.

How does this impact you?

From 28 May 2019, your account(s) and any products and services you have with Isle of Man Bank will have moved to the Isle of Man branch of RBS International Limited.

This means that they will be owned, managed and serviced by RBS International Limited trading as Isle of Man Bank. The business in the Isle of Man will still be regulated by the Isle of Man FSA.

Your account and services

You can still use the same bank accounts with no changes to your account number(s) or sort code(s). You can continue to use the same cards, cheque books and paying-in books. No new cards, cheque books or paying-in books will be issued as a result of the proposed Transfer.

There are no changes to your products and services. This includes your online/mobile banking services. If you have a Gold account with us, there are no changes to your existing Gold customer benefits such as travel insurance.

Interest rates, tariffs and charges haven't changed as a result of the Transfer but may vary before and after in line with standard business practice. There are no planned changes to your Terms and Conditions (Terms), but these may vary before and after the Transfer in line with standard business practice.

Our brand and contacts

We'll continue to trade as Isle of Man Bank so you won't see any changes to our brand.

There are no changes to our contact details. You can use the same branches as you do today and your usual points of contact are the same. If you have a relationship manager, they'll continue to support you.

To find out more about how the Transfer may affect your banking arrangements please read our Customer Guide and Notice Of Transfer Of Business. Please note that it is no longer possible to object to the business transfer, as the Court hearing has already taken place.