International banking enables people who live or work abroad to manage their finances in one central location. By keeping your money in one place, it allows you to make transfers and payments in several currencies from a stable and secure offshore jurisdiction. Providing you with a link between all of your banking arrangements, you can be in complete control of your money, wherever you are in the world.
International banking can make life easier for a wide range of people:
If you have answered yes to any of the above questions then international banking could help you.
There are many advantages to opening an international bank account with Standard Bank Isle of Man
Your international bank account will be operated in the Isle of Man, which is a premier international financial centre. Located off the north west coast of England, the Isle of Man benefits from a strong and stable economy due to its 1,000 years of continuous parliamentary government. It also operates a Depositors’ Compensation Scheme and a Financial Services Ombudsman Scheme for the protection of consumers of financial services in the Isle of Man.
As one of the world’s premier offshore financial centres, the Isle of Man’s status is supported by Moody’s Credit Rating Agency who have awarded it an Aa1 Sovereign credit rating.*
*Credit rating as at December 2013
The Isle of Man has modern legislation on banking, collective investment funds, insurance, investments and trust companies to protect the investor and ensure that the industry is highly regulated. In addition, specific legislation exists to maintain the reputation designed to keep the Island free of the proceeds of drug trafficking, insider dealing and money laundering.
The Isle of Man exercises its extensive political and legislative independence through its ancient parliament, Tynwald.
Visit the Isle of Man Government website for more information at www.gov.im.