Standard Bank

Standard Bank (Isle of Man)

  About the Bank
Standard Bank Group was established in 1862. More than 600 points of representation throughout South Africa, while spanning 17 other key African countries and extending to 12 countries around the globe, including the key financial centres of Europe, the United States, Asia, AND Latin America. Isle of Man offices have been established for in excess of 20 years. Standard Bank bought Brown Shipley in the Isle of Man and Jersey in 1992 as Exchange Controls started to relax in South Africa. Standard Bank Isle of Man Limited is licensed by the Isle of Man Financial Supervision Commission. Standard Bank House, One Circular Road, Douglas, Isle of Man, IM1 1SB. Registered in the Isle of Man No. 4713.
WHAT STANDARD BANK IN ISLE OF MAN OFFERS:
  • International personal bank accounts
  • Structured Notes
  • Structured Deposits
  • Credit Services
  • Fixed Term Deposit Account
  • Offshore Saver 96 Day Notice accounts and 196 Day Notice accounts
  • IFA Professional Demand Account
  • Full 24/7 Internet banking services
  • Accounts in Euro, Sterling, US Dollar and Australian Dollar
  • VISA debit card
  • Customer support in English
  • The approximate timeframe for account allocation is 2 to 3 days after the original documents have been received by the bank.
REQUIREMENTS FOR PERSONAL ACCOUNT SET UP WITH STANDARD BANK IN ISLE OF MAN:
  • Personal presence is not required
  • Minimum balance is EUR 6000.
  • Minimum initial deposit EUR 6000
DOCUMENTS REQUIRED:
  • Notarized copy of valid passport.
  • The passport must be signed and signature must match the signature in the application form.
  • The photograph must be clear and of good quality.
  • Original or notarized copy of utility bill / bank statement dated within 3 months as verification of residential address.
  • Original or notarized copy of Lawyer's/Banker's/Accountant's reference letter dated within 3 months.
  • Personal CV
PLEASE NOTE: Documents that are not in English must be accompanied by a certified translation. U.S.A residents are not accepted for account opening. Once all documentation is available please email electronic copies to our representative for review; incomplete or unexecuted forms can create delays in the account opening process.
First you have to know the banks website: http://www.standardbank.com/ How to open the account: To open an account at the Isle of Man branch you have to contact the bank via this link: http://corporateandinvestment.standardbank.com/CIBGlobal/country-offices/europeAsiaPacific/Isle-of-Man The bank will tell you the exact opening procedure. After you returned the application forms with all necessary documents back to the bank, your account is set up after further 5-7 working days and you will get the access data by post delivered. Your new Offshore bank account is from then on fully usable. Important notes: If the account opening documents provided are incomplete, unverified or are not clear they may have to request further information, documents or clarification from you before they can open your account. As part of the process you will need to send personal information. It’s very important that you use real information. Don’t try to use questionable data. If you have some problem or a specific question the best is to contact them directly and let them know so they can help you.