Welcome to International Banking

If you are internationally mobile through your work or living abroad, there are many reasons to consider banking internationally. For example, you may need to manage your finances in a mix of currencies or just want the comfort of dealing with an English speaking bank which understands your needs. You may also have received advice from a tax professional or other professional financial adviser and they may be recommending you consider banking internationally for tax planning purposes.

Whatever your reasons, once you have established your need to bank internationally AIB Isle of Man offers professional and friendly services in the well regulated and politically stable jurisdiction of the Isle of Man.

• First-class service with direct access to an English speaking Relationship Manager.
• Holding assets offshore may offer tax planning advantages*
• There may be inheritance tax benefits, depending upon your country of domicile*
• International multi-currency payments and telephone, fax and internet banking options facilitating ease of access to your funds.
• Accounts held in the politically stable jurisdiction of the Isle of Man.

Need help with your banking solution? We tailor to your requirements...

To assist you further in choosing your accounts, we have outlined some common customer banking needs along with suggested account combination solutions to fulfil these needs. *Please note the information provided in this guide and the illustrated scenarios are for general guidance and do not constitute tax, legal, investment or any other advice and should not be relied on for your individual circumstances. We recommend you consult a tax professional or other professional financial adviser.

Customer scenario 1

Mr Smith is living in the Middle East and is paid in US dollars. He needs access to his salary, but also needs to send funds back to the UK to cover his children's college fees.  He also needs to set funds aside for a 'rainy day'.

Possible solution:

• US dollar Transave Account to accept his US dollar salary and a sterling Transave Account for convenient transfers to the UK
• US dollar denominated Visa International Debit Card to access cash machines, pay for goods and services in shops and to shop online whilst in the Middle East and travelling abroad. For added convenience, an additional card denominated in sterling can be obtained for use while visiting the UK
• Internet banking to initiate sterling BACS payments (standard 3-day turnaround) directly from the sterling account free of charge to pay regular or one-off college fees. If payment is required more urgently, other chargeable methods such as CHAPS are available. Standing orders can be set up for sterling payments  
• Notice Deposit Account in US dollar and/or sterling to initiate a rainy day fund. Our 30 Day or 90 Day Notice Account can be selected according to Mr Smith's personal preference

Customer scenario 2

Mr and Mrs Jones have sold their property in the UK and are retiring to live in Spain. Mr Jones will receive his retirement pensions in sterling.  They already own their property abroad and so have no need to access the house sale funds. They need to get their funds working as hard as possible but Mrs Jones would like to access some of the sale proceeds within a reasonable timeframe.

Possible solution:

• Fixed Term Deposit Account in sterling and euro for the majority of house sale funds to maximise interest earning potential 
• Mr and Mrs Jones can tailor a selection of term options to suit their preferences and access requirements 
• Sterling Transave Account to collect sterling pensions and a euro Transave Account to pay local bills in Spain
•  Sterling and euro denominated Visa International Debit Cards to access automated cash machines. The sterling card can be used in the UK and euro card in Europe to keep currency conversion charges to a minimum. Both can be used to pay for goods and services in shops and to shop online
• Internet Banking so that Mr and Mrs Jones can view their balances for all accounts and, if required in the future, initiate payments worldwide in a wide range of currency options

To apply to open an account and to view our Terms and Conditions and Fees and Charges, please click the Apply link above. If you would like to find out more or obtain up to date interest rates please click Contact us.

Important Legal Information

Please ensure you read our important Legal Information by clicking on the Legal & Regulatory link at the foot of this page.