The Co-operative Bank plc

Business Focus
offshore savings accounts

The Co-operative Bank plc was offering offshore savings accounts to residents of the Isle of Man, the United Kingdom as well as foreign nationals and British expats around the world. On 19 May 2016 The Co-operative Bank plc surrendered its license.

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

The Co-operative Bank plc 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. The Co-operative Bank plc is a member of Isle of Man Depositors’ Compensation Scheme and makes its contributions into it.

Contacts

Finch Hill House, Bucks Road, IM99 1DT, Douglas, Isle of Man
58

The Co-operative Bank plc was located in Douglas.

Bank Identifiers

Company Number
001060F

Bank Supervision

Supervised By
Isle of Man Financial Services Authority
Reference Number
1190

The Co-operative Bank plc was authorized and supervised by the Isle of Man Financial Services Authority (reference number 1190).

Bank History

Close Date
19 May 2016

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