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Standard Bank in Isle of Man

Silvio

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Jun 1, 2018
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Seems like a cheap account with very low minimum balance... and specifically caters to expats (people with diff residency and nationality)

Anybody here used them before? Seems way too cheap for today's banking climate..
 
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Looks not too bad:
South Africa residents

Standard Bank Offshore Services (RSA), operates under the license of The Standard Bank of South Africa Limited (“SBSA”), an authorised Financial Services Provider (FSP11287).

They are licensed as well in Isle of Man, Mauritius and a few other places.
 
Standard bank told me that they won't open a personal account because I expect 3rd party payments from multiple sources.

Although they refused to confirm, my understanding is that I'd have to send in money only from other accounts in my name, or from one 3rd party, i.e. employer.

Standard Bank IoM has no transactional value, but perhaps for parking some funds it's okay. Because of harsh limitations on transactions, I wouldn't rate it more than 3 out of 10.
 
Barcalays Jersey looks like a better option. I didn't like Santander app/infrastructure but I will check their private bank benefits. Thank you for the information.
@rowena for personal banking for international customers barclays only open for their offshore jurisdiction in the isle of man. It should not matter for you cause the platform is the same . and as i said private banking with 1M santader jersey will take you or Adams Bank
 

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