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Gibraltar’s banks hold permissions from the Gibraltar Financial Services Commission under the Financial Services Act 2019. The Gibraltar Deposit Guarantee Board names eight in October 2026: Bank J. Safra Sarasin (Gibraltar), Gibraltar International Bank, IDT Financial Services, MoneyCorp Bank, The Royal Bank of Scotland International (NatWest International), Trusted Novus Bank, Turicum Private Bank and Xapo Bank. Four publish business current accounts; MoneyCorp Bank’s corporate range is notice accounts, foreign exchange and payments. Jyske Bank Gibraltar and Trusted Novus Bank are one bank: Jyske sold it in 2019, and it has traded under the new name since 2020.
| Provider | Type | What it says about business clients |
|---|---|---|
| Gibraltar International Bank | Bank | Business Account starting with an International Business Banking questionnaire by email; no online opening |
| Trusted Novus Bank | Bank | Corporate banking for the local business community; considers only businesses registered in Gibraltar or the UK |
| Turicum Private Bank | Bank | Multi-currency accounts for complex structures and higher-risk sectors such as distributed ledger technology |
| NatWest International, Gibraltar | Bank branch | Owners, directors and shareholders must live in the Channel Islands, the Isle of Man or Gibraltar; separate forms for intermediaries |
| Airwallex | E-money institution | Gibraltar is an eligible country of registration, onboarded through its UK entity |
| Wise | E-money institution | Gibraltar is on its list of places where money can be held; eligibility confirmed at sign-up |
GIB publishes no residency rule but screens first, asking who controls the company and where they live, its principal place of business, how the first deposit and later funding will arrive, its counterparties and countries of trade, and whether the structure has more than one layer, which needs a rationale and a chart. If it accepts the questionnaire, GIB emails the forms and a document list that for a company includes:
Copies may be certified abroad by a lawyer, an accountant, a consular official or a notary. Nothing is opened online, and the bank’s service level agreement sets the account up within 14 days once every form and document is in; its FAQ also offers the Main Street branch or a telephone appointment.
Since January 2026 the scheme protects up to £120,000 per depositor per credit institution, raised from the sterling equivalent of €100,000 by Legal Notice 3 of 2026. Unlike the Jersey and Guernsey schemes it covers companies, as well as individuals, partnerships, clubs and charities. Credit and financial institutions, investment firms, insurers, investment funds and public authorities are excluded. Accounts at one bank are added together whatever the currency, and compensation is paid in sterling within seven business days. Airwallex and Wise balances are outside it.
The European Payments Council places Gibraltar inside the geographical scope of the SEPA schemes, with GI as the code in BICs and IBANs and GIP as the currency. That lets a Gibraltar bank join the SEPA euro schemes; ask whether yours has. GIB offers business accounts in all major currencies.
Registration at Companies House Gibraltar and the bank’s decision are separate steps. Buying a ready-made company does not skip the bank: an account the company already holds is the company’s and stays with it after the share sale, yet the bank re-checks the new owners, directors and signatories and decides whether to continue, ask for more, or end the relationship.
We can provide a ready-made Gibraltar company or handle a new company formation in Gibraltar, and build the bank file with you. If we have a working relationship with a bank that fits your profile, we can make the introduction; the decision is the bank’s, and nobody can promise it. See also our Gibraltar overview and shelf companies with bank accounts.
Yes, though not at every bank. Gibraltar International Bank publishes no residency rule and assesses a foreign-owned company through its questionnaire, and Turicum takes complex structures, often through law firms and corporate service providers. NatWest International’s business current account needs owners and directors living in the Channel Islands, the Isle of Man or Gibraltar, and Trusted Novus Bank concentrates on local businesses.
Yes, up to £120,000 per depositor per bank under the Gibraltar Deposit Guarantee Scheme, the limit since January 2026. Companies are eligible unless they are financial institutions, investment firms, insurers or another excluded type. All the company’s accounts at one bank, in any currency, share that limit, and compensation is paid in sterling. E-money balances are not covered.
Airwallex accepts Gibraltar as a country of registration and onboards through its UK entity, and Wise lists Gibraltar among the places where an account can hold money. Revolut Business requires a company registered with a physical presence in the UK or the EEA, and Mercury serves only companies formed in the United States, so neither takes a Gibraltar company.
The account can come with the company, because it belongs to the company rather than to the seller. The bank then re-runs its due diligence on you, your directors and your signatories before deciding whether to carry on. Allow time for that review, and for Gibraltar International Bank’s certificate of good standing if the company is more than a year old.