Current Account

Our Island Gold Account is an everyday current account, available in Sterling, Euro or US dollar currencies. It is accompanied by a Visa debit card available in all three currencies for easy access to your money

Ways to apply

Features & Benefits

Variable rate current account for your everyday banking, available in Sterling, Euro and US dollar currencies

Accompanying Visa debit card, available in all three currencies, for easy access to your money

Online Banking and Telephone Banking to manage your money

Set up standing orders and direct debits to make regular payments easier

No monthly fee

Foreign Exchange service which offers commission-free rates whenever you need to change currency. Sterling, Euro or US dollars can be exchanged between your accounts*

Interest is paid quarterly

*Although our foreign exchange rates are commission free, there will be a charge applied for international payments and receipts

Key information

  • We will calculate interest daily on the cleared balance in the account
  • You can open an Island Gold Account in one or all three currencies and transfer money between your accounts using our Foreign Exchange service
  • You can make immediate withdrawals from your Island Gold Account up to the available balance via Online Banking, Telephone Banking or by giving us an instruction in branch or in writing
  • The card(s) accompanying your Island Gold Account are Visa Debit cards and can also be used to pay for goods and services
  • Regular, fixed payments can be made by standing order in Sterling to pay friends, relatives or to transfer money into another account
  • You can also set up direct debits on your Sterling Island Gold Account which is when you give permission to a company to take money from your account on an agreed date
  • A Sterling cheque book is available with the Sterling account 
  • We record each Visa debit card transaction against your Island Gold account, helping you to keep track of your spending through the month

Visa debit card

Visa is accepted at over 35 million outlets worldwide across 200 countries, so you can easily and conveniently access your Island Gold Account.

Pay quickly, conveniently and securely with contactless technology.  The contactless limit, is set at a maximum of £45 per transaction in the UK, Channel Islands and the Isle of Man, but will vary in other countries.

If your card is lost or stolen while travelling:

  • An emergency card can be delivered within 48 hours by calling Visa. Please note that you won’t be able to use your emergency card at ATMs as these cards don’t have a chip facility
  • If your card is lost or stolen at any time, normally you will not be liable for any fraudulent transactions, as long as you tell us as soon as you become aware that your card is missing and you have satisfied certain security requirements

To report your Visa debit card lost or stolen please contact us.

Protection against fraud

We take the security of your accounts very seriously and apply a range of protection measures:

  • Our Visa debit card benefits from the Chip and PIN secure card payment systems
  • Verified by Visa adds an additional layer of protection to online purchases made with your Visa debit card
  • We apply a range of protection measures whenever you communicate your travel plans with us through our Telephone Banking or Online Banking services
  • We also guarantee you against any losses from fraud committed against you while you are using our Online Banking service, as long as you have taken all the necessary safeguards and precautions with your security details

What is Verified by Visa?

Verified by Visa helps ensure that payments are made by the rightful owner of the Visa card, to make online purchases more secure.

When making an online payment using your Visa debit card with a retailer that has enabled Verified by Visa:

  • A Verified by Visa message box will appear on screen after you have entered your card details
  • The screen will ask you to choose whether you would like to receive your One Time Passcode (OTP) by email or mobile phone (if applicable)
  • You will then receive your OTP by email or mobile phone
  • Enter your OTP on the Verified by Visa screen, and click ‘submit’

IMPORTANT: do not share your OTP with anyone else, not even a Santander International employee

All Santander International Visa cards are automatically registered to give our customers an extra layer of protection when shopping online. However, not all online retailers enable Verified by Visa.

We will provide the Verified by Visa processor with your email address and mobile phone number that we hold on file for you. This information is sent to them securely in line with our data and privacy policy. Please ensure that this information is up-to-date, otherwise there could be a delay when using your card to shop online.

You will see details of your online purchase on screen shortly after you enter your card details online so that you can check that the information is correct.  You will also see the last four digits of your mobile and/or email address.  If the information is NOT correct, please do not proceed with the payment.

Please contact us if you have any queries or need help making an online payment.

Interest rates

Island Gold Account - Sterling

Interest rates are effective from 01 February 2021

Minimum balance to earn interest rate Gross rate p.a. (variable) interest paid quarterly Annual Equivalent Rate (AER) (variable)
£0 - £74,999 0.25% 0.25%
£75,000 - £999,999 0.25% 0.25%
£1,000,000 + 0.25%* 0.25%*

Island Gold Account - Euro

Interest rates are effective from 01 February 2021

Minimum balance to earn interest rate Gross rate p.a. (variable) interest paid quarterly Annual Equivalent Rate (AER) (variable)
€0 - €74,999 0.00% 0.00%
€75,000 - €999,999 -0.75% -0.75%
€1,000,000 + -0.75%* -0.75%*

Island Gold Account - US dollar

Interest rates are effective from 01 February 2021

Minimum balance to earn interest rate Gross rate p.a. (variable) interest paid quarterly Annual Equivalent Rate (AER) (variable)
$0 - $74,999 0.00% 0.00%
$75,000 - $999,999 0.00% 0.00%
$1,000,000 + 0.00%* 0.00%*

Interest rates

AER stands for Annual Equivalent Rate and shows what the interest rate would be if we paid interest and added it to your account each year. The gross rate is the rate payable where interest is paid without the deduction of tax. If a negative interest rate applies to your account, this will be calculated on the same basis as credit interest.

*If you have a balance in excess of £1 million (or currency equivalent) with us we offer a personalised service – please contact us so we can understand your banking needs

Account charges

Island Gold Account GBP EUR USD
Annual Gold Visa debit card fee Nil Nil Nil
Cash withdrawal charge Nil* Nil* Nil*
Monthly fee Nil Nil Nil
Faster Payments or BACS Nil Nil Nil
SWIFT payment out via Online Banking 20** 30** 40**
SWIFT & CHAPS payments out via Telephone Banking, written instruction or in person 30** 45** 60**

For full details of other charges that may be applied to your account, please refer to our charges leaflet

*We will not charge for cash withdrawals from ATMs in the same currency as your account but foreign banks may levy a charge.  When you withdraw cash or make a purchase in a different currency to that of your card, we may charge a foreign exchange commission, which will not exceed 3% of the total withdrawal or purchase amount

** Other banks involved in sending your money to a designated account using the SWIFT or CHAPS payment channels may deduct charges from the amounts sent or received

Ways to apply

BAN005 Enquire Online (1)

Online

Complete our short online enquiry form

BAN036 Mobile

Phone

Call us on 08000 84 28 88
, if calling from a UK landline or mobile, or +44 (0) 1534 885 000
, if calling from overseas

Lines are open 9am – 5pm UK time, Monday  to Friday (except Wednesday when we open at 9.30am)

BAN005 Post (1)

Post

Download and print our PDF application form and return to us

Download an application form

BAN078 Personal Manager

In branch

Visit us at:

Isle of Man
19-21 Prospect Hill
Douglas, Isle of Man, IM1 1ET