Virgin Money has not confirmed, however, whether this will be a standalone credit card, or the current account’s debit card. No monthly fee to worry about, plus no fees when you use your card abroad. Virgin Money has a really decent current account offering. Compare other products. 0.50%. Unlike leading mobile banks Monzo and Starling, the Virgin Money account is also available in-store at Virgin Money branches. Commission-free currency with great exchange rates, Business owners shouldn't have to sacrifice their personal life. The Virgin Money Current Account is currently paying 2.02 percent AER (2.00 percent gross per annum variable) on the first £1,000 of the account balance. Virgin Money Personal Financial Service Ltd - registered in England and Wales (company no. Apple Pay is a trademark of Apple Inc., registered in the U.S. and other countries. Open to eligible current account holders. Visit Website Sorry we do not currently compare this provider. The Virgin Money current account isn’t actually as new as it sounds. Virgin Money Life Insurance is promoted by Virgin Money Personal Financial Service Ltd and arranged and administered by BISL Limited. Also bear in mind that the best easy-access savings accounts currently pay rates as high as 1.40% – easily beating both Virgin Money’s current account and linked savings account. If you'd rather apply or service your account over the phone, please visit our 'Contact us' section for more details.How to turn cookies on. Call us on 0345 608 1604. The account can be opened in Store or online, virginmoney. Arranged Overdraft Rate. AER 1 (2.00% gross 1 per annum variable) on balances up to £1,000, interest paid monthly. Interest Rate. On the 29th may around 12pm i received a email to say my account has been opened then followed by another email at 14:00hrs saying they can’t offer the account as i did not meet their credit scoring criteria. Google and Google Pay are trademarks of Google LLC. Simple affordable life cover from £6 a month, Six types of basic protection every family should consider. Say hello to our brand new Virgin Money current account switching offer. But should you care? Your card comes ready for Apple Pay and Google Pay, making it even easier to pay for things. Virgin currently only offer the Essential Current Account but are planning to add more options shortly. *By April 2020 both banks will introduce personalised interest rates, which could be higher. You can also use it to withdraw cash (subject to account balance). Everything you need to know about your credit score. Virgin Money has created a ‘Working Capital Health’ proposition, which will transform its existing business current account offering into a financial wellness tracker for SMEs and combine dynamic views across an SME’s working capital cycle, with a set of working capital solutions, all backed up by proactive relationship management and a unique ecosystem of capability partners. We are here from 8am to 8pm Monday to Friday, 8am to 4pm on Saturdays and 10am to 3pm on Sundays. Read more about our cookies. Most banks don’t pay any interest at all on current account balances, so even though 0.5% may sound small (it’s 1% below inflation), it’s actually more than the majority of accounts. The Virgin Money Current Account now pays 2.00% gross on balances of up to £1,000 , … It's also a top pick for overseas use, as it doesn't charge any fees for spending or withdrawing cash anywhere in … Virgin Money customers can now access the market-leading rate of one percent AER on a one-year fixed rate ISA, following the launch of its exclusive cash ISA. Registered office - … AER 1 (0.50% gross 1 per annum variable) on your savings balance, interest paid … They help us understand how customers use our website so we can give you the best experience possible and also keep our online adverts relevant. Redspire is a Microsoft Gold Partner for Cloud Business Applications, and is expected to support the development of … With our range of business savings accounts, we're working hard to help UK businesses grow and thrive. Both products are available exclusively to Virgin Money current account customers; Virgin Money customers now have access to two new loyalty savings products, a one-year fixed rate ISA with a market-leading rate of 1.00% and an easy access ISA paying 0.50%. At the moment Virgin Money is behind its competitors when it comes to fees for overseas use. The new account comes with a number of flashy features, including a 0.5% interest rate on balances up to £2,000. These cookies last only for the duration of your visit and are deleted when you close your browser. By continuing to browse this site or choosing to close this message, you give consent for cookies to be used. We use cookies to allow us and selected partners to improve your experience and our advertising. We believe you don't need to be an expert to invest in the stock market. Here, we explain how the account works to help you decide whether you should open one. 35.0%. Say hello to our brand new Virgin Money Current Account switching offer. var pymParent = new pym.Parent('which-signup', 'https://www.which.co.uk/static/tools/new-reviews/money-signup/money-signup-rhythmyx.html', {}); Virgin Money is technically a challenger bank – like mobile-based offerings Monzo and Starling. Photo: courtesy of Virgin. Before you start, make sure you have your mobile phone available. Also being launched is … Virgin Money aims to increase the current account market share to 3.5% from present 2.5% Image: The Virgin Money’s new current account will have advanced digital capabilities. customer scores. You're good to go if you can tick off this list; Not for you? And this is just the beginning of our journey. Those who make the move to Virgin Money's digital current account, launched last December, can earn themselves 15 bottles of wine as a welcome bonus, which the bank claims are worth £180. The account also pays 2 per cent monthly interest on balances of up to £1,000 and offers 0.5 per cent interest paid quarterly on savings deposited into a linked easy-access account. Virgin Money has partnered with Glasgow-based FinTech Redspire, to support the development of its digital proposition for its new Virgin Money Business current account offering. Smart suggestions and inspirational ideas from experts to help you plan the big decisions in your life, See money in a whole new light with our brighter current account. Although other bank accounts offer higher interest rates, Virgin Money and Starling are the only banks that have these rates without requiring a minimum monthly deposit. On the 28th may i applied for virgin money current account based on reccomendation from a friend. Over 32 million places worldwide welcome your card - just look for the Mastercard® logo. Today Virgin Money has increased the rate on its current account, which now offers one of the most competitive interest rates on a current account with an overdraft facility. The stores, which act more as lounges, are also a nice touch (if there’s one near you). A contactless debit card which is free to use at ATMs* and in shops at home and abroad (subject to available funds). 2.02%. We're now accepting mortgage applications from portfolio landlords. So if you were thinking of getting a B account, you’ll now have to apply for a Virgin Money account instead. Virgin Money has launched its first digital bank account, featuring a slick new app, linked easy-access savings account and branch service – but can it beat Monzo and Starling on their home turf? The table below has the comparison. Virgin Money's current account is our top pick for interest on credit balances, as it offers 2.02% AER variable interest on up to £1,000 and a linked easy-access account paying 0.5%. With the Virgin Money app and Online Service. Virgin Money Current Account. The account also pays 2 per cent monthly interest on balances of up to £1,000 and offers 0.5 per cent interest paid quarterly on savings deposited into a … Credit interest is calculated daily on the cleared credit balance in your account. At the moment you can register your interest on their website for updates about any new accounts that they open. Virgin Money Current Accounts. Apply online for a Virgin Money Current Account for the first time Not have an existing Virgin Money, B, Clydesdale or Yorkshire Bank account or closed one since 30th September 2020 Then within 31 days you also need to: Download the register for the Virgin Money app Our online application uses cookies to help it to work. AER1 (2.00% gross1 per annum variable) on balances up to £1,000, interest paid monthly. It’s also, since it was acquired by Clydesdale and Yorkshire Bank last year, part of the sixth-biggest banking group in the UK, and balances of up to £85,000 are protected by the Financial Services Compensation Scheme. By continuing to browse you consent to our use of cookies. Sorry we do not currently compare this provider. The Virgin Money Current Account currently pays 2.02 percent AER (2.00 percent gross per annum variable) on balances up to £1,000, with the interest paid … Linked to this instant access savings account. AER1 (0.50% gross1 per annum variable) on your savings balance, interest paid quarterly. Virgin Money current account: the details Virgin Money is technically a challenger bank – like mobile-based offerings Monzo and Starling. 0%. Compare bank accounts from Virgin Money against other leading UK current account providers. Minimum … If you want to apply online please change your browser settings to accept cookies. You'll be notified of this before you go ahead with the withdrawal. The Essential Current Account is a great basic account which offers: Free withdrawals at almost all high street cash machines. On the 29th may around 12pm i received a email to say my account has been opened then followed by another email at 14:00hrs saying they can’t offer the account as i did not meet their credit scoring criteria. See if you're on track to reach your retirement goals. 3072766). Your eligible deposits with Virgin Money are covered up to £85,000 per person. Currently you can only manage your account with us face to face in a few of our stores Learn more. The new account has a number of features, many of which some challenger bank customers will find familiar. Free. Our Current Account comes with an exclusive linked Savings Account. Then, when you're sure it's the one for you, switch your old current account to us. My customer ID Forgotten your customer ID? All active B accounts will be rebranded as Virgin Money accounts, just as the B Works branches around the country have been reskinned with Virgin Money branding. It’s also, since it was acquired by Clydesdale and Yorkshire Bank last year, part of the sixth-biggest banking group in the UK, and balances of up to £85,000 are protected by the Financial Services Compensation Scheme . If you like, you can open your Virgin Money Current Account now, and try it out. The bank said it was losing money on a "large number" of such accounts. Packed full of clever tools to help you track, budget, save and pay. Virgin Money Current Account. The new ISAs are available exclusively to Virgin Money, Clydesdale and Yorkshire Bank current account customers. The bank promises ‘further enhancements’ in 2020, including the launch of a Mastercard with fee-free overseas spending and ‘unique loyalty benefits’. Compare bank accounts from Virgin Money against other leading UK current account providers. On the 28th may i applied for virgin money current account based on reccomendation from a friend. Read our guide to the best high-interest bank accounts to find out more details about these accounts, including perks and Which? The Virgin Money Instant Savings Account will stay open, as long as the Virgin Money Current Account is maintained as described in the Terms. Like the accounts from established digital rivals Monzo and Starling, Virgin's new current account is free and its app can track your spending and help with budgeting. You'll need this to sign in to Online Service. We can see from your browser settings that you're not accepting cookies. No personally identifiable information is collected. Request a payment holiday of up to three months on your Virgin Money mortgage. Use this service to access your existing accounts and apply for new products. The B website says a new Virgin Money version of the B app is coming ‘with all the same features you already know and love’. Compare similar products from other providers; Barclays Bank Account. That said, there are other bank accounts with higher current account interest rates. Gross rate interest payable without taking account of any tax payable. Virgin Money is set to launch a new full-service current account with Virgin-focused reward proposition, that is currently in development. Virgin Money Current Accounts. Accounts can … 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. Self-employed home buyers face mortgage squeeze: how to get accepted, 12 tips for buy-to-let landlords filing a 2019-20 tax return, Struggling with insurance premiums, struggling to find help, Yes – £20 fee-free buffer than 50p per day*, Bank transfer, salary payments, cash deposits via PayPoint, cheques via post, 3% charge on overseas ATM withdrawals after first £200 each month, Bank transfer, salary payments, cash deposits via Post office, cheques via post, Current account interest up to 0.5% AER on balances up to £2,000; 0.25% AER on £2,001 – £85,000, Bank transfer, salary payments, cash deposits and cheques in branch, cheques via app, Yes, 3.75% on foreign currency withdrawals, 2.75% on overseas debit card payments (charges may vary based on tariff), Current account interest of 0.5% up to £2,000; linked savings account paying 1.00% AER, an app with budgeting features including transaction tracking, categorisation of spending, and savings goals, 0.5% interest paid on balances up to £2,000, a linked easy access savings account paying 1% AER, a ‘sweep’ feature which transfers money over from your savings if your current account balance is running low, electronic cheque payment using a smartphone camera. You can understand more and change your cookies preferences here. Virgin Money has launched a new current account and mobile app with the bold aim of disrupting the market. You should consider our M Account. VIRGIN MONEY is among a whole host of options when it comes to current accounts, with consumers facing a number of factors to consider when deciding which is right for them. You can only open a Virgin Money Instant Savings Account if you have a Virgin Money Current Account with us in the same name (s). The table below shows how the Virgin Money account compares with its biggest digital rivals. Monthly Fee . It said it was considering charging for products such as current accounts, which are free to UK customers. In its current form, it’s almost identical to an account called B from Virgin Money owners Yorkshire Bank and Clydesdale Bank. *Whilst we won't charge you, some ATM providers may apply a charge. 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