Virgin Money accounts

Banking Personal Banking
41

I would switch too, but I’m excluded as I already have an M Plus account and have done for ages.

Perhaps I should have closed it and waited a couple of years, then used one of their offers, but I didn’t want to miss out on the best interest-paying current account available - so I didn’t.

I also have several accounts from back when opening multiple was allowed, but that is now not allowed under the T&Cs so I wouldn’t be able to get them all back if I closed and re-opened.

Ah well, at least I got £250 from CYBG for switching to B back in the day (an account which has now become one of my M Plus Virgin Money accounts) so I can’t complain too much.

Payment in cash is also far better than Virgin Red points or wine, as far as I’m concerned, so most of their recent switch offers haven’t been as good.

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42

I’m open minded about points - I stay with Hilton a lot, I value their Honors points as worth about 0.3p each and you can exchange 1 Virgin point for 2 Honors points. The issue was that 20,000 Virgin points is only about £120’s worth of them which isn’t enough for a (potentially) once-per-lifetime bonus. 35,000 and I’d bite.

I did quite well out of Yorkshire Bank on their original offer which didn’t limit the amount of times a switching bonus would be paid but none of those accounts remain open, and then as you say they did that £250 switch briefly which is the biggest single switch bonus I’ve seen in my time doing this. My gut is they can afford more than £160.

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43

New terms from virgin money also limiting cash deposits at post office

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44

I can’t see anything about Post Office deposits in that screenshot. Can you just link to the terms?

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45

Can’t see a link in the email here’s a screenshot

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46

Seems an incredibly lenient limit.

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47

Virgin now offering 2.02% on the M Plus Saver account (same as the current account) on balances up to £25000. 1.51% on balances above that figure.

https://twitter.com/virginmoney/status/1576945737702572033

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48

Getting that and more elsewhere so not tempted back. Yet.

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49

Is anyone using a Virgin Money current account at the moment? I can see they’ve had problems, I’m just wondering whether there has been any improvement in the last two years since this thread went dormant?

Their marketing blurb on their website makes it look like a fairly good deal, but appearances are often deceptive. :rofl:

I’m tempted, that’s all. Just wondering if it is worth the trouble.

50

So far as I know nothing significant has changed and it’s still a (nicely polished) hodgepodge of various legacy systems.

I doubt anything will change now until either the Nationwide takeover completes (and transitioning work begins) or fails. Bear in mind Nationwide are saying they intend to use the full 6 year period they will have the Virgin brand for in order to get the transition right…

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51

Mine looks the same as when I opened it three years ago tbh.

Don’t actually use it though, so doesn’t affect me. £1 bounces between that account and another of mine just to prevent dormancy now.

Was previously used for YouGov Finance bribe, but that offer has closed now.

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