Nationwide Building Society

Business Focus
savings products

Nationwide Building Society (Isle of Man Branch) provides savings and time deposit accounts on EUR, GBP and USD. On May 26, 2016 Nationwide announced proposed closure in 2017. The decision was based on a number of factors including demand from customers, volumes of current business, ongoing running costs and the contribution of its Isle of Man branch to the wider Nationwide business. On March 03, 2017 the branch counter services stopped operating. On June 30, 2017 Nationwide was be closed and surrendered its license on January 18, 2018.

Bank Category

Branches of foreign banks

Deposit Guarantee

Protected Amount
up to 50,000 GBP
Guarantee Fund
Isle of Man Depositors’ Compensation Scheme
Covered Depositors
natural persons (Isle of Man and foreign)
legal entities (Isle of Man and foreign)
Covered Accounts
any credit balance on an account with a bank

Nationwide Building Society participates in the deposit guarantee scheme of the Isle of Man. This deposit guarantee scheme applies to any credit balance on an account with a bank made by natural persons (Isle of Man and foreign), legal entities (Isle of Man and foreign) and covers up to up to 50,000 GBP per bank per depositor. Nationwide Building Society is a member of Isle of Man Depositors’ Compensation Scheme and makes its contributions into it.

Contacts

Samuel Harris House, 5-11 St George's Street, Douglas, Isle of Man

Nationwide Building Society was located in Douglas.

Bank Identifiers

Company Number
005910F

Bank History

Close Date
18 January 2018

Similar Banks

Mr Michael Simpson
liquidator of Kaupthing Singer & Friedlander (Isle of Man) Limited
Nedbank Private Wealth Limited
private banking, investment management