Bank of Ireland (I.O.M.) Limited opened it doors on the Isle of Man in 1981 and is now recognised as the headquarters for Bank of Ireland UK Offshore Operations. This consists of Bank of Ireland (I.O.M.) Limited and our Guernsey branch.

We pride ourselves on our customer service standards for both individual and corporate customers and provide a wide range of banking services, which include, multi currency deposit accounts, structured deposits, international payments and foreign exchange facilities. We have dedicated staff trained to assist with all your offshore banking requirements.

Why bank Offshore?

There are a number of reasons to bank offshore such as:

• The Isle of Man and Guernsey are both well regulated environments.
• Confidentiality.
• Tailored investment opportunities.
• Specialist services.
• Possible Tax advantages - Interest on your account is paid gross without any tax being deducted or withheld by an offshore bank, unless you fall within the jurisdiction of the European Union Savings Tax Directive. With effect from 1st July 2005, interest on deposit accounts for account holders who are resident in the European Union may have a Retention Tax deducted from the Gross Interest payments. Please contact us for more details.

As customers may have a tax liability in their country of residence, Bank of Ireland (I.O.M.) Limited strongly recommends that you seek professional advice from an Accountant, Tax Advisor or Independent Financial Advisor before banking offshore.

The Isle of Man

The Bank of Ireland (I.O.M.) Limited offers a wide range of banking services from its premises in Christian Road. The Island is an established and well-respected international financial services centre, which means it is ideally positioned to provide tax-efficient banking services to the internationally mobile. The concentration of expertise that this status brings also means that residents of the Island can enjoy a product range and expertise not normally available from a local bank branch.

The Isle of Man’s financial services sector is diverse, with a strong banking sector. There is a thriving insurance sector, featuring both international life and captive services, alongside substantial fund management and trust and fiduciary businesses. The Isle of Man has a AAA credit rating awarded by Standard & Poor’s.

Guernsey

Our Guernsey Branch has enjoyed a continuous presence for over 16 years in the heart of the Island’s financial sector. Guernsey has a deserved reputation as a premier international finance centre. The Island’s buoyant economy is dominated by the financial services industry, which employs over 7,000 individuals.

Guernsey’s banking sector has continually evolved to maintain its position as a world-class financial services provider. The Island is home to over 60 banks licensed for business and encompasses a wide range of banking services.

Like the Isle of Man, local residents and companies can also take advantage of a sophisticated and broad range of products and services on a face-to-face basis.

Isle of Man Financial Services Commission

Guernsey Financial Services Commission

Financial Services Ombudsman Scheme

Organisation for Economic Co-operation and Development

Financial Action Task Force

Financial Stability Forum

Isle of Man Data Protection Supervisor

Guernsey Data Protection Commissioner

Important Notes

1. Bank of Ireland (I.O.M.) Limited is incorporated in the Isle of Man, company registration number 17696C, with its registered office at 4 Christian Road, Douglas, Isle of Man, and has capital and reserves exceeding £75 million. The Bank is a wholly owned subsidiary of The Governor and Company of the Bank of Ireland, which is incorporated in the Republic of Ireland. The Bank of Ireland (I.O.M.) Limited, Guernsey Branch address is PO Box 611, High Street, St Peter Port, Guernsey, GY1 4NY.
2. Bank of Ireland (I.O.M.) Limited is licensed by the Isle of Man Financial Supervision Commission to conduct Banking and Investment Business and the Guernsey Branch is licensed to conduct Banking Business by the Guernsey Financial Services Commission.
3. Bank of Ireland (I.O.M.) Limited is registered under the Isle of Man Data Protection Act 2002 and the Guernsey Branch is registered under the Data Protection (Bailiwick of Guernsey) Law, 2001.
4. As the Isle of Man and Guernsey are separate territories to the UK, customers are advised that in the event of death, it may be necessary to obtain a Grant of Probate in either the Isle of Man or Guernsey before your deposit can be released to your personal representatives.
5. Deposits made with Bank of Ireland (I.O.M.) Limited are not covered by the UK Financial Services Compensation Scheme established under the Financial Services and Markets Act 2000.
6. Deposits made with Bank of Ireland (I.O.M.) Limited are covered by the Isle of Man Depositors’ Compensation Scheme contained in the Banking Business (Compensation of Depositors) Regulations 1991. However, deposits made with the Guernsey Branch are not covered by the Scheme.
7. Interest will be paid without the deduction of income tax to all investors resident outside the European Union, however it is the responsibility of individuals to discharge any tax liability they may have. The liability of non EU tax payers will depend on the current tax legislation in the country of residence (and may depend on the individual’s nationality). With effect from 1st July 2005, interest on deposit accounts for account holders who are resident in the European Union may have a Retention Tax deducted from the Gross Interest payments. This is to comply with the European Union Savings Tax Directive.
8. Bank of Ireland (I.O.M.) Limited will, on request, provide any customer with a copy of the latest audited accounts.
9. Complaints: We hope you never have cause to complain about our products and services. However, if you do, please write to the Customer Services Department. A copy of our complaints procedure is available upon request.