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Virgin Money Business Fees, Customer & App Reviews In 2025


By: Ian Wright | Last Updated: April 25, 2025

Is a Virgin Money business account right for you?

Read real customer reviews below along with more information about the various banking services Virgin Money offers to businesses.

Virgin Money Customer Reviews

Review Summary

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Virgin Money homepage

Virgin Money Reviews From Other Websites

Virgin Money Trustpilot Reviews

Review Score (out of 5) Percent 5-Star Reviews Percent 1-star Reviews Total Number of Reviews
1.40 5% 89% 6,799

Source: https://www.trustpilot.com/review/uk.virginmoney.com

Virgin Money iPhone & Android App Reviews

App Type Review Score (out out 5) Total Number of Reviews
iPhone 4.60 125,000
Android 4.00 23,400

Source:

https://apps.apple.com/gb/app/virgin-money-mobile-banking/id1482269155
https://play.google.com/store/apps/details?id=com.virginmoney.uk.mobile.android&hl=en_GB

Virgin Money Basics

Bank Type High Street
FSCS Protection Yes, up to £85,000
Branch Locations Northern England and Scotland only
Card Type Mastercard
FCA Number 121873
Online Banking Yes
Mobile Banking Yes
In Person/Branch Banking Yes

Customer Support Options

Phone Support Available Yes
Email Support Available Yes
Support Via Their App Yes
Web Based Support Yes
In person Customer Support Yes

Virgin Money Business Account Types

Business Current Account Yes
Business Savings Account Yes
Business Credit Card Yes
Business Overdraft Yes
Accounts For Startups Yes
Accounts For Charities Yes
Accounts For Sole Traders Yes
Joint Business Accounts Available Yes

Opening A Virgin Money Business Account

Can You Apply Online? Yes
How Long Does Opening An
Account Typically Take?
1 to 47 Working days
Do They Check Your Credit? Yes
Current Account Switch Service Yes

Click to open a Virgin Money Business Account

Virgin Money Business Savings

Types of Business Savings Accounts Instant access accounts, Notice accounts, Fixed term deposit accounts
Lowest Savings Rate (AER) 1.35%
Maximum Savings Rate (AER) 5.15%
Minimum Savings Amount £1

Please note these numbers were accurate at the time of publication, but may have since changed. Click to here to see current Virgin Money rates

Virgin Money Fees & Charges

Free Business Bank Account Yes
Free Business Account Term Length 25 Months
Cheapest Monthly Account Fee No
Most Expensive Monthly Account Fee No
Electronic Payment Cost (in/out) Free
Cash Payments Cost (in/out) 90p per £100
Cheques in/out 30p per cheque
CHAPS Payments Cost £25
SEPA Payments Cost £20

Virgin Money Foreign Currency Accounts

US Dollar (USD) Bank Account Yes
Euro (EUR) Bank Account Yes
Interest Paid On Foreign Currencies Yes

Other Currencies Available:

No

Other Virgin Money Business Services

Business Loans Yes
Commercial Mortgages Yes
Invoice Financing Yes
International Payments Yes
Merchant Services Yes
Card Machines No
Free Accounting Software Yes

Click to visit the Virgin Money website

For other business bank accounts see out guide here.

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