Virgin Money current accounts
Say hello to our current accounts
Get a bonus interest rate when you switch to us. You'll get an extra 10% gross / 10.47% AER (fixed) on balances up to £1,000 for a year.
New customers only. Terms apply.
Explore the switchingofferExplore what's on offer
There's something for everyone. And they all come with access to exclusive rates and offers, like a 1 Year Fixed Rate Cash ISA at 5.05% AER/Tax freeAER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.
The tax-free rate is the contractual rate of interest payable where interest is exempt from income tax..
M Plus Account
No monthly fee for maintaining the account
- 2.02% AER2.02% AER (2.00% gross per annum variable) interest rate, paid monthly, on your M Plus Account balance up to £1,000. Rates are variable.
AER (Annual Equivalent Rate) illustrates what the interest rate would be if interest was paid and compounded once each year. Gross rate interest payable without taking account of any tax payable. Credit interest is calculated daily on the cleared credit balance in your account. on your current account balance up to £1,000 - 2.50% AER2.50% AER (2.48% gross per annum variable) on savings balances up to £25,000, and 2.00% AER (1.99% gross) on any balances above £25,000. Interest paid quarterly. Rates are variable.
AER (Annual Equivalent Rate) illustrates what the interest rate would be if interest was paid and compounded once each year. Gross rate interest payable without taking account of any tax payable. Credit interest is calculated daily on the cleared credit balance in your account. on your linked saver balance up to £25,000 - Exclusive access to accounts and offers
- £0 fees when you use your card overseas
Club M Account
£12.50 monthly fee for maintaining the account
- All features from the M Plus Account, plus:
- Worldwide family multi-trip travel insurance
- Breakdown cover
- Mobile and gadget insurance
M Account
No monthly fee for maintaining the account
- Our basic bank account
- Open this account with little or no credit history
- We can accept non-standard ID for application
- A free linked saver account
Exclusive rates and offers
Unlock savings accounts, mortgage offers and more with an M, M Plus or Club M current account
Current account FAQs
Can I open a bank account online?
Yes, you can open a bank account online or by downloading our app. Simply choose an account and click "Get started".
What do I need to open a bank account?
You'll need to be over 18 and living in the UK. Over 16s can open an account in Store.
You'll need your phone and ID (such as drivers license) to run though some verification checks.
We'll also ask some generic questions about your income and recent addresses.
What is a current account?
A current account is a bank account that you can put your money into to keep it safe.
Your income or salary is usually paid into your current account. A current account usually comes with a debit card that you can use for spending.
Many current accounts like those at Virgin Money come with extras. These extras can be things like interest on your balance, an app, cashback on your spending, and more.
Is a debit card a current account?
A debit card is a card you get when you open a current account. You can use the debit card in a shop or online to pay for goods and services.
You can now add your debit card to the Wallet in your phone with Apple Pay or Google Pay. You can then use your phone to make secure payments in apps, on the web, and in shops.
More current account FAQsiOS 14.7 or above
Android 8.0 or above
Your money in your hands
You can manage your account in the app or online. It's packed with super-smart tools to put you in control of your cash.
Android 8.0 or above
Your money in your hands
You can manage your account in the app or online. It's packed with super-smart tools to put you in control of your cash.
iOS 14.7 or above
Your money in your hands
You can manage your account in the app or online. It's packed with super-smart tools to put you in control of your cash.
Service to make you smile
We're here to help you feel happier about money. If you need us please get in touch.
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Independent service quality survey results
Personal Current Accounts - published February 2024
As part of a regulatory requirement, an independent survey was conducted to ask approximately 1,000 customers of each of the 16 largest personal current account providers if they would recommend their provider to friends and family.
The results represent the view of customers who took part in the survey.
View the full set of resultsOverall service quality
We asked customers how likely they would be to recommend their personal current account provider to friends and family.
Ranking
Overall service quality - Published February 2024.
Authorised push payment (APP) fraud rankings in 2022
Published October 2023
Authorised push payment (APP) fraud happens when someone is tricked into transferring money to a fraudster's bank account.
These charts use data given to the Payment Systems Regulator (PSR) by major banking groups in the UK in 2022.
You can read the full report by visiting www.psr.org.uk/app-fraud-data Link opens in a new window.
Share of APP fraud refunded
This data shows the proportion of total APP fraud losses that were reimbursed, out of 14 firms. Higher figure is better.
APP fraud sent per £million transactions
This data shows the amount of APP fraud sent per million pounds of transactions, out of 14 firms. Lower figure is better.
APP fraud received per £million transactions: smaller UK banks and payment firms
This data shows the amount of APP fraud received per million pounds of transactions, ranked out of 20 firms. Lower figure is better.
APP fraud received per £million transactions: major UK banks and building societies
This data shows the amount of APP fraud received per million pounds of transactions, ranked out of 20 firms. Lower figure is better.