Standard Bank in Isle of Man

maxmmm

Building Trust
Entrepreneur

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..
 

blueweb

Corporate Services
Business Angel
Mentor Group
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.
 

fshore

Trusted Member
Business Angel
Good bank, opens remotely. Part of UK banking system and can receive faster payments, BACs etc.
 

rowena

Building Trust
Entrepreneur
I found the link for opening international Barclays application. They're asking looots of questions at the form but nothing to do and bank account location is Isle of Man not England. I will check Barclays Private.
 

djaheim

Active Member
I found the link for opening international Barclays application. They're asking looots of questions at the form but nothing to do and bank account location is Isle of Man not England. I will check Barclays Private.
Yes its offshore isle of man, If you want to try barclays private, you need 5M GBP, good luck.
 

rowena

Building Trust
Entrepreneur
Yes its offshore isle of man, If you want to try barclays private, you need 5M GBP, good luck.
It is too high for private banking. I thought it is 1m GBP. Do you have Barcalays International account ? Is it hard to open ? 40-50 lines of information required in their online application form.
 

xzars

Trusted Member
Business Angel
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.
 

rowena

Building Trust
Entrepreneur
Thank you for the details. What do you think about Barcalys Jersey ? Is it safe to deposit 0.5-1m usd from clean legit business?
 

djaheim

Active Member
It is too high for private banking. I thought it is 1m GBP. Do you have Barcalays International account ? Is it hard to open ? 40-50 lines of information required in their online application form.
Yes i do have and its simple to open yes.
 

rowena

Building Trust
Entrepreneur
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.
 

djaheim

Active Member
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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