On Air Manx Radio Breakfast Ben Hartley | 6:00am - 9:00am

IoM Bank criticised for 'soulless' rise in fees and charges

Charities hit by changes due in May

Isle of Man Bank has been criticised for hitting charities, and not-for-profit organisations, with new fees and charges on their accounts.

From 29 May the cost of monthly account maintenance will increase by £10 with higher charges for depositing cheques in person instead of online.

You can find more details about that change here

The bank, run by parent company RBSI, says the move is in line with 'trends towards internet banking' and 'enables investment in its digital services'.

Lewis Foster spoke to Rushen MHK, and treasurer of a number of Manx charities, Juan Watterson:

More from Isle of Man News