Is Virgin Money or Zempler Bank (formerly Cashplus) better for your small business?
Below we look at both Virgin Money and Zempler Bank (formerly Cashplus) reviews on Trustpilot along with their App reviews from Apple and Google.
We then look at typical fees, business savings rates, foreign currency options and a whole bunch of other account features to help you make up your mind.
Virgin Money vs Zempler Bank (formerly Cashplus) Trustpilot Reviews
| Virgin Money | Zempler Bank (formerly Cashplus) | |
| Trustpilot Review Score (out of 5) | 1.4 | 3.7 |
| Percent 5-Star Reviews | 5% | 54% |
| Percent 1- Star Reviews | 89% | 30% |
| Total Number of Reviews | 6,799 | 9,921 |
https://www.trustpilot.com/review/uk.virginmoney.com
https://www.trustpilot.com/review/www.cashplus.com
Virgin Money vs Zempler Bank (formerly Cashplus) App Reviews
| Virgin Money | Zempler Bank (formerly Cashplus) | |
| iPhone Review Score (out of 5) | 4.6 | 4.7 |
| Number of iPhone Reviews | 125,000 | 48,000 |
| Android Review Score (out of 5) | 4 | 4.5 |
| Number of Android Reviews | 23,400 | 23,400 |
https://apps.apple.com/gb/app/virgin-money-mobile-banking/id1482269155
https://apps.apple.com/gb/app/cashplus-bank/id709473017
Virgin Money vs Zempler Bank (formerly Cashplus) Account Fees & Charges
| Virgin Money | Zempler Bank (formerly Cashplus) | |
| Free Business Bank Account | Yes | Yes |
| Free Business Account Term Length | 25 Months | No Limit |
| Cheapest Monthly Account Fee | No | No |
| Most Expensive Monthly Account Fee | No | £9 |
| Electronic Payment Cost (in/out) | Free | Free / 30p |
| Cash Payments Cost (in/out) | 90p per £100 | 0.5% / £2 |
| Cheques (in/out) | 30p per cheque | Unknown |
| CHAPS Payments Cost | £25 | £20 |
| SEPA Payments Cost | £20 | £15 |
Virgin Money vs Zempler Bank (formerly Cashplus) Business Savings Rates
| Virgin Money | Zempler Bank (formerly Cashplus) | |
| Types of Business Savings Accounts | Instant access accounts, Notice accounts, Fixed term deposit accounts | None |
| Lowest Savings Rate (AER) | 1.35% | NA |
| Maximum Savings Rate (AER) | 5.15% | NA |
| Minimum Savings Amount | £1 | NA |
| Interest Paid On Foreign Currencies | Yes | No |
Virgin Money vs Zempler Bank (formerly Cashplus) Account Opening Times
| Virgin Money | Zempler Bank (formerly Cashplus) | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 1 to 47 Working days | 1 day |
| Do They Check Your Credit? | Yes | No |
| Current Account Switch Service | Yes | No |
Virgin Money vs Zempler Bank (formerly Cashplus) Features & Account Types
| Virgin Money | Zempler Bank (formerly Cashplus) | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | No |
| Business Credit Card | Yes | Yes |
| Business Overdraft | Yes | Yes |
| Accounts For Startups | Yes | Yes |
| Accounts For Charities | Yes | Yes |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | Yes |
| Card Type | Mastercard | Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | No |
| Branch Locations | Northern England and Scotland only | None, online only |
Virgin Money vs Zempler Bank (formerly Cashplus) Customer Support Options
| Virgin Money | Zempler Bank (formerly Cashplus) | |
| Phone Support Available | Yes | Yes |
| Email Support Available | Yes | Yes |
| App Based Support | Yes | Yes |
| Web Based Support | Yes | Yes |
| In person Customer Support | Yes | No |
Virgin Money vs Zempler Bank (formerly Cashplus) Foreign Currency Accounts
| Virgin Money | Zempler Bank (formerly Cashplus) | |
| US Dollar (USD) Bank Accounts | Yes | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: | No | No |
Other Business Services From Virgin Money and Zempler Bank (formerly Cashplus)
| Virgin Money | Zempler Bank (formerly Cashplus) | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | No |
| Invoice Financing | Yes | Yes |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | Yes |
| Card Machines | No | No |
| Free Accounting Software | Yes | No |
Virgin Money vs Zempler Bank (formerly Cashplus) Banking Basics
| Virgin Money | Zempler Bank (formerly Cashplus) | |
| Bank Type | High Street | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 121873 | 671140 |
| Website | Virgin Money Website | Zempler Bank (formerly Cashplus) Website |
Common Comparison Questions
Does Virgin Money or Zempler Bank (formerly Cashplus) have better customer reviews?
Virgin Money scores 1.4 out of 5 based 6,799 Trustpilot reviews. Of these reviews 5% are 5-star and 89% are 1-star.
Whereas, Zempler Bank (formerly Cashplus) scores 3.7 out of 5 based 9,921 Trustpilot reviews. Of which 54% are 5-star and 30% are 1-star.
Does Virgin Money or Zempler Bank (formerly Cashplus) have a better App?
Virgin Money’s iPhone App is rated 4.6 out of 5 based on 125,000 reviews. And it’s Android App is rated 4 out of 5 based on 23,400 reviews.
In comparison, Zempler Bank (formerly Cashplus)’s iPhone App is rated 4.7 out of 5 based on 48,000 reviews. And it’s Android App is rated 4.5 out of 5 based on 23,400 reviews.
Does Virgin Money or Zempler Bank (formerly Cashplus) have better business savings rates?
Virgin Money offers the following types of business savings accounts: Instant access accounts, Notice accounts, Fixed term deposit accounts with interest rates ranging from 1.35% to 5.15%. (AER)
In contrast, Zempler Bank (formerly Cashplus) offers None accounts with interest rates ranging from NA to NA (AER).
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For other business bank accounts see our guide here.