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Current account fees and charges. When we’re talking about our current accounts, we have to use certain words and phrases to describe key things (like your Arranged Overdraft). You can find them in our Glossary of Terms. Find all the details of the rates and fees of our personal Current Accounts.
The gross rate is the rate of interest we pay you without deducting income tax. We don't take any tax away from the interest we pay you (which would be called the 'net rate'). If your interest is over your Personal Savings Allowance, you'll have to pay any tax directly to HM Revenue and Customs.
0800 678 3654. Our Club M Account is a paid packaged current account that entitles you to travel insurance, breakdown cover, and more. See all rates and fees here.
Sep 30, 2022 · Is the Virgin Money M Plus current account any good? Let’s take a look at each key feature: The interest on savings. At 2.02% this is the highest paying easy access account for savings at the moment (by a smidge) so it’s certainly worth considering. There are a few restrictions. The largest is you will only earn interest on balances up to ...
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- Our Verdict
Virgin Money has been around since 1995 (when it was know as Virgin Direct) and is now part of a wider banking group that includes Clydesdale Bank and Yorkshire Bank. Virgin Money started out specialising in savings accounts, ISAs and mortgages, but it now also offers a basic bank account, a packaged account and a full personal current account, the...
No monthly fees.There are no charges for having this account.Managed digitally.You can view and manage your account both online and through a mobile banking app.Secure sign-in.Use your face, fingerprint or passcode to log in.Contactless debit card.It’s free to make purchases in the UK and abroad, and free to withdraw money at ATMs in the UK and overseas.Yes you can, although not at all of its high street stores (use Virgin Money’s store finder to check). If you can’t get to a store that does let you pay in cash, you can instead head to your local Post Office, where you can pay money into your Virgin Money current account for free. For cheques, you can pay in those worth up to £500 via your banking...
To open one of these current accounts, Virgin Money says: 1. You must be aged over 18 2. You should have a reasonably good credit history 3. You can apply online or over the phone 4. You’ll need to supply your name and address 5. You’ll need a form of ID such as a passport or driving licence
Virgin Money is a fully licensed UK bank, which means that as well as being regulated by the PRA and FCA, any customer deposits up to £85,000 are protected by the Financial Services Compensation Scheme(FSCS).
In our independent 2024 customer satisfaction survey, 88% of Virgin Money’s users said they’d recommend the brand to a friend. Customers highlighted the bank’s competitive rates and easy to use app. However, some cited poor customer service. Here’s what some of those Virgin Money’s customers had to say: “I’m both a personal and business customer, v...
Virgin Money has a really decent current account offering. It’s one of the few current accounts to pay any notable interest (albeit only on balances of up to £1,000) as well as offer fee-free card spending and ATM withdrawals both in the UK and abroad. The stores, which act more as lounges, are also a nice touch (if there’s one near you). You can k...
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May 1, 2024 · From today, Virgin Money’s new current account offer gives switchers to all three current accounts – the Virgin Money M Account, M Plus Account and Club M Account – a bonus interest rate of 10% gross/10.47% AER (fixed) on current account balances up to £1,000 for a whole year from 1st July 2024 to 30th June 2025. Eligibility criteria apply.
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Dec 21, 2019 · Virgin Money has launched a new current account and mobile app with the bold aim of disrupting the market. But should you care? The new account comes with a number of flashy features, including a 0.5% interest rate on balances up to £2,000.
