Notification Of Changes | NatWest International

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Planned changes to Isle of Man Bank

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

What has changed?

On 21 May 2019, the Isle of Man High Court approved our plans to move the Isle of Man Bank business, Isle of Man Bank Limited, to The Royal Bank of Scotland International Limited ("RBS International"), with the changes effective from 28 May 2019. 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 this change enables us to simplify our bank and continue to invest in 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 have moved to the Isle of Man branch of RBS International Limited.

This means that they are owned, managed and serviced by RBS International Limited trading as Isle of Man Bank. The business in the Isle of Man is still regulated by the Isle of Man Financial Services Authority.

Accounts and services

Customers can still use the same bank accounts with no changes to account number(s) or sort code(s). Customers 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 products and services. This includes online/mobile banking services. There are no changes to existing Gold account 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 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 in the Isle of Man as Isle of Man Bank so customers won't see any changes to the brand.

To find out more about how the proposed Transfer may affect your Isle of Man Bank 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.

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