Island Business banking

Banking for businesses, clubs, charities and societies with a turnover of less than £1 million registered and trading in the Channel Islands and Isle of Man .

Features and benefits

Islands based Business Banking team.
A range of products and services to meet the needs of your business.
Access to internet banking.
Standing orders and direct debits available.
Business overdrafts available, subject to approval.

Getting to know your business expandable section

To help us understand your needs, we carry out a short questionnaire. We do this by phone. It takes five minutes to complete.

We explain what documents you need to provide. Most of the time we can tell you there and then if we can provide banking services for your business.

By law, we must carry out due diligence. This ensures we know who we’re dealing with to prevent money laundering or financial crime. There are penalties for failing to do this, so we work with you to get it right.
What you need to provide expandable section
Here are the documents you need to open an account:

All businesses:

Certified copies of passports and proof of address for each director/key account party/shareholder

Your Tax Identification Number (for individuals & the entity)

Existing businesses

In addition to the above you’ll also need to provide:

The last six months of statements from your previous bank

Your financials

Any changes documented within company registry.

Sole traders:

Your certificate of registration

Your business plan

Confirmation of your business address (if not the same as your personal address).

Limited companies:

Your certificate of incorporation

Memorandum and articles of association

A register of directors

A register of shareholders

Your business plan.
Application forms and process expandable section
When you’re ready to apply there are three forms you’ll need to complete:

Application form

Tax Residency Self Certification form

Mandate with signatures for all key account parties. This is also where you let us know what kind of signing authorities you want for your business.

These services are designed for businesses operating in the Channel Islands or the Isle of Man.

Information on services for customers in the United Kingdom through Lloyds Bank plc.