Money and duty free for Isle of Man
Currency and Money
Currency information
The Isle of Man Pound (IMP, symbol £) has parity with Sterling. £1 = 100 pence. Notes are in denominations of £50, 20, 10 and 5. Coins are in denominations of £2 and 1, and 50, 20, 10, 5, 2 and 1 pence. British currency circulates freely and Scottish and northern Irish notes are also acceptable; Manx notes and coins are not generally accepted in the UK however.
Credit cards
American Express, MasterCard and Visa are all widely accepted. Cash can be obtained from a multitude of ATMs.
ATM
Cash can be obtained from a multitude of ATMs, available across the island. To help those that are travelling to the UK, the ATMs at the Sea Terminal and the airport issue English notes only. Watch out for machines that have been tampered with; a common trick is to attach a card reader to the slot.
Travellers cheques
Travellers cheques are safer than cash but are becoming less and less frequently used as credit or debit cards and ATMs have become the preferred method of obtaining cash. They are rarely accepted for purchases so will still need to be changed into cash at a bank, bureau or post office. To avoid additional exchange rate charges, travellers are advised to take traveller's cheques in Pounds Sterling.
Banking hours
Mon-Fri 0930-1630 (there may be some variations in closing times). Some banks are open Saturday morning; some all day Saturday.
Currency restrictions
There are no restrictions on the import or export of local or foreign currency. However, amounts exceeding €10,000 or equivalent must be declared if travelling from or to a country outside the European Union.
Currency exchange
You can exchange foreign currency in banks, bureaus or post offices in main towns and cities across the island. Check rates first and make sure you understand the commission fee being levied.
