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.
FSA releases new progress report on financial crime defences
Changes planned for how government-run companies prepare accounts
New business guide deals with stopping WMD financing
Office space up for rent at Ronaldsway Airport
Have your say on the future of the Island's economy
Port St Mary hosts first business support drop-in session today
Government releases guidance for businesses ahead of vape tax
Survey shows low approval rating for Island clothing shops
