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A brief background to Nationwide International

In 1989 the Island’s banking regulator issued six licences for building societies to operate in the Isle of Man. In May of that year, Nationwide opened a branch operation in the Island's capital, Douglas. During its first two years the branch operated in traditional markets offering savings accounts to the local resident population.

In 1990, Nationwide established a subsidiary company, then called Nationwide Overseas Limited, which developed a range of savings accounts designed specifically to enable depositors to benefit from the Isle of Man’s advantageous ‘offshore’ status.

Since then the business developed on a truly international scale and the company now has customers resident in some 160 countries throughout the world. In January 1997, the company changed its name to Nationwide International Limited, which the directors felt more truly reflected the nature of the business.

On 28 February 2014, the business of Nationwide International Limited was transferred to Nationwide Building Society’s Isle of Man branch. The branch operates from the same Douglas offices and has retained the trading name ‘Nationwide International’. It continues to pay interest in the same way, with no deduction of tax at source and continues to offer the same great value products as before. Deposits are still protected by the Isle of Man Depositors’ Compensation Scheme 2010 and accounts are still governed by Isle of Man law.