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IOM bank provides emergency support for customers

The Isle of Man Bank is providing emergency support for its customers.

The bank says it understands people may be worried about the impact contracting coronavirus could have on finances - due to a drop in income or unexpected expenses or bills.

Therefore, it will now offer support to those directly or indirectly affected - including offering or increasing an overdraft and repayment relief for loans and mortgages.

The bank will defer mortgage and loan repayments for up to three months, provide temporary emergency funding with no fees and increase the cash withdrawal limit up to £500.

For businesses - the bank says it recognises cashflow may be disrupted and wants to offer support.

As a result, it's providing temporary emergency loans with no fees and its relationship managers will speak to business customers to offer help and support. 

It's urging its customers to contact them as soon as possible to discuss how they can help in the upcoming weeks.


 

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