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IOM Bank / RBSI fined over a million quid by FSA


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The IOM banking app is , I find , actually quite good. I wanted to open a new account along side my others. Did all on the app took me not long , maybe 20 minutes filling in the forms online and the new account was up and running within 24 hours. Obviously , I don’t know how long it takes for new customer accounts to be opened but I think you can do it all online and it’s quite quick ( on Nat West app you can anyway ) and it’s all uploading passports etc and facial recognition for personal accounts. No idea about business accounts.

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7 hours ago, Anyone said:

The IOM banking app is , I find , actually quite good. I wanted to open a new account along side my others. Did all on the app took me not long , maybe 20 minutes filling in the forms online and the new account was up and running within 24 hours. Obviously , I don’t know how long it takes for new customer accounts to be opened but I think you can do it all online and it’s quite quick ( on Nat West app you can anyway ) and it’s all uploading passports etc and facial recognition for personal accounts. No idea about business accounts.

Yes, same here. After being ditched by IOM Bank as I'm a UK resident I moved to Nat West - same software and very easy to open accounts, shift money around.

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