HSBC brings in more financial support measures

HSBC Isle of Man is bringing in more financial support measures for customers during the COVID-19 pandemic.

The organisation is now offering a three-month payment holiday on both credit card and loan repayments as well as increasing the interest-free buffer on overdrafts from £25 to £500.

Head of Retail Banking in the Channel Islands and Isle of Man, John Goddard, says the bank 'stands ready to help Islanders' and is encouraging any customers concerned with their finances during the COVID-19 outbreak to contact them to find a solution.

It comes after HSBC announced other forms of financial assistance last week including raising contactless limits to £45 and three-month payment holidays on mortgages.