Bank of Ireland (I.O.M.) Limited opened its doors on the Isle of Man in 1981.

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.

The Bank of Ireland (I.O.M.) Limited Summary Financial Statements can be downloaded here.

Why bank Offshore?

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

• The Isle of Man is a well regulated environment.
• 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 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 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.

Isle of Man 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

Important Notes

1. Bank of Ireland is a registered trading name of Bank of Ireland (I.O.M.) Limited, which is licensed by the Isle of Man Financial Supervision Commission. Incorporated in the Isle of Man No. 17696c. Registered Office: 4 Christian Road, Douglas, Isle of Man. Bank of Ireland (I.O.M.) Limited has capital and reserves exceeding £116 million (December 2009).
2. Bank of Ireland (I.O.M.) Limited is a wholly-owned subsidiary of The Governor and Company of Bank of Ireland, which is incorporated in Ireland and regulated by the Irish Financial Regulator. Bank of Ireland (I.O.M.) Limited places funds with other parts of the Bank of Ireland Group, thus its financial standing is linked to that of the group. Depositors may wish to form their own view on the financial standing of Bank of Ireland (I.O.M.) Limited and the Bank of Ireland Group based on publicly available information.
3. A copy of the most recent audited financial statements for Bank of Ireland (I.O.M.) Limited can be viewed at the registered office or can be supplied upon request. Alternatively summary financial statements can be downloaded here.
4. Bank of Ireland (I.O.M.) Limited is registered under the Isle of Man Data Protection Act 2002.
5. Customers are advised that in the event of death, it may be necessary to obtain a Grant of Probate in the Isle of Man before your deposit can be released to your personal representatives.
6. Deposits made with Bank of Ireland (I.O.M.) Limited, are covered by the Depositors’ Compensation Scheme contained within the Compensation of Depositors Regulations 2008 (as amended).
7. 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.
8. 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.
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.