Nellie Posted August 22, 2023 Share Posted August 22, 2023 2 hours ago, NoTailT said: The coroners have very little enforcement powers. They are not like bailiffs. They either need more powers, or private bailiffs need to be permitted in law. But that isn't a new thing. It's been like that in the IOM for decades. The UK High Street banks had been issuing credit cards to tens of thousands of IOM residents for 40+ years, then, one by one, they stopped. They must all have had bad debt experience in that time but they stuck with it. The new stance seemed to happen in the wake of the 'ring-fencing' requirements in the UK. So, there must be more to it that simply debt collection and enforcement, and that is what Cannan instructed Johnston and Lewin to get the whole facts about. Perhaps Moorhouse will follow up when the new session opens in the Autumn. 3 Quote Link to comment Share on other sites More sharing options...
Major Rushen Posted August 22, 2023 Share Posted August 22, 2023 Ring fencing means that UK Banks cannot offer their UK Domestic products - credit cards to non-UK residents in IOM, Jersey, Guernsey and Gibraltar. (Bank of England rules). This allows includes Bank customers outside the UK ex-pats, Spain, USA etc. who have had these accounts closed. Work has been carried out in Jersey with the banks but the issue is no centralised Electoral -Register. I am not sure if that is the issue with IOM. HSBC are issuing credit cards as they have an offshore division separate from their UK product. 1 Quote Link to comment Share on other sites More sharing options...
Major Rushen Posted September 27, 2023 Share Posted September 27, 2023 Any information if Barclays plans to close ex pats accounts will apply to IOM / JER / GCI? Quote Link to comment Share on other sites More sharing options...
Andy Onchan Posted September 27, 2023 Share Posted September 27, 2023 1 hour ago, Major Rushen said: Any information if Barclays plans to close ex pats accounts will apply to IOM / JER / GCI? Why the question? Have you heard something to the affirmative? 1 Quote Link to comment Share on other sites More sharing options...
Andy Onchan Posted September 27, 2023 Share Posted September 27, 2023 Seems as though that is the case.... unless of course you have £100K to deposit! https://forums.moneysavingexpert.com/discussion/6474399/barclays-to-close-accounts-of-all-british-expats Quote Link to comment Share on other sites More sharing options...
mad_manx Posted September 27, 2023 Share Posted September 27, 2023 (edited) 10 minutes ago, Andy Onchan said: Seems as though that is the case.... unless of course you have £100K to deposit! https://forums.moneysavingexpert.com/discussion/6474399/barclays-to-close-accounts-of-all-british-expats Hasn't it been like this for ages .. HSBC for instance used to ask expats to set up an expat account ( I think its based in Jersey) and shut down UK accounts Obviously many keep it open by using a UK address..( family / friends) Barclays IOM used to do similar for expats who wouldn't qualify for a UK account. Edited September 27, 2023 by mad_manx Quote Link to comment Share on other sites More sharing options...
Happier diner Posted September 27, 2023 Share Posted September 27, 2023 I got an email from my car insurance today saying that they could no longer offer policies on the IOM and that they would not renew my current policy. Admiral. Quote Link to comment Share on other sites More sharing options...
Slyguns Posted December 2, 2023 Share Posted December 2, 2023 (edited) IOM still has no credit cards available?? what do you use on IOM for shopping then?? Edited December 2, 2023 by Slyguns Quote Link to comment Share on other sites More sharing options...
yorik Posted December 2, 2023 Share Posted December 2, 2023 55 minutes ago, Slyguns said: IOM still has no credit cards available?? what do you use on IOM for shopping then?? Pretty shells and feathers 7 Quote Link to comment Share on other sites More sharing options...
Gladys Posted December 2, 2023 Share Posted December 2, 2023 5 minutes ago, yorik said: Pretty shells and feathers I use beads and mirrors. My provider of shells and feathers says they cannot provide to IOM residents. 8 Quote Link to comment Share on other sites More sharing options...
Banker Posted December 2, 2023 Share Posted December 2, 2023 1 hour ago, Slyguns said: IOM still has no credit cards available?? what do you use on IOM for shopping then?? HSBC issue new ones if you’re credit worthy 1 Quote Link to comment Share on other sites More sharing options...
Non-Believer Posted December 2, 2023 Share Posted December 2, 2023 3 hours ago, Gladys said: I use beads and mirrors. My provider of shells and feathers says they cannot provide to IOM residents. Brightly coloured, small polished stones and sheep's teeth round my way. I renewed my Natwest card last year after a period of expiry of my old one. The lady in IoM Bank where I renewed told me I was lucky to be able to, and that they were increasingly difficult to get. Quote Link to comment Share on other sites More sharing options...
wrighty Posted December 2, 2023 Share Posted December 2, 2023 My M&S card expired in October and they sent me another one with 5 years on it. We’ll all be using crypto by then so that’ll do me nicely. 2 Quote Link to comment Share on other sites More sharing options...
newaccount Posted March 20 Share Posted March 20 Thursday 5th October 2023 2:16 pm https://www.iomtoday.co.im/news/nothing-to-stop-uk-banks-from-issuing-credit-cards-on-the-isle-of-man-financial-services-authority-642529 Quote There is nothing to prevent UK banks from issuing credit cards to island residents. The financial regulator said it is continuing to monitor the provision of credit services here. Barclaycard are still saying NO Quote Link to comment Share on other sites More sharing options...
piebaps Posted March 20 Share Posted March 20 Perhaps is just you not being creditworthy😀 Quote Link to comment Share on other sites More sharing options...
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