Is Virgin Money or Cumberland Building Society better for your small business?
Below we look at both Virgin Money and Cumberland Building Society 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 Cumberland Building Society Trustpilot Reviews
| Virgin Money | Cumberland Building Society | |
| Trustpilot Review Score (out of 5) | 1.4 | 2.5 |
| Percent 5-Star Reviews | 5% | 22% |
| Percent 1- Star Reviews | 89% | 69% |
| Total Number of Reviews | 6,799 | 41 |
https://www.trustpilot.com/review/uk.virginmoney.com
https://www.trustpilot.com/review/cumberlandbuildingsociety.co.uk
Virgin Money vs Cumberland Building Society App Reviews
| Virgin Money | Cumberland Building Society | |
| iPhone Review Score (out of 5) | 4.6 | 4.7 |
| Number of iPhone Reviews | 125,000 | 644 |
| Android Review Score (out of 5) | 4 | 4.8 |
| Number of Android Reviews | 23,400 | 415 |
https://apps.apple.com/gb/app/virgin-money-mobile-banking/id1482269155
https://apps.apple.com/gb/app/cumberland-mobile-banking/id715482935
Virgin Money vs Cumberland Building Society Account Fees & Charges
| Virgin Money | Cumberland Building Society | |
| Free Business Bank Account | Yes | Yes |
| Free Business Account Term Length | 25 Months | 12 Months |
| Cheapest Monthly Account Fee | No | Free |
| Most Expensive Monthly Account Fee | No | £5 |
| Electronic Payment Cost (in/out) | Free | 35p |
| Cash Payments Cost (in/out) | 90p per £100 | 40p per £100 |
| Cheques (in/out) | 30p per cheque | £1 |
| CHAPS Payments Cost | £25 | £25 |
| SEPA Payments Cost | £20 | No |
Virgin Money vs Cumberland Building Society Business Savings Rates
| Virgin Money | Cumberland Building Society | |
| Types of Business Savings Accounts | Instant access accounts, Notice accounts, Fixed term deposit accounts | Instant Access, Fixed Term, Notice Savings |
| Lowest Savings Rate (AER) | 1.35% | 3.05% |
| Maximum Savings Rate (AER) | 5.15% | 4.20% |
| Minimum Savings Amount | £1 | £1 |
| Interest Paid On Foreign Currencies | Yes | No |
Virgin Money vs Cumberland Building Society Account Opening Times
| Virgin Money | Cumberland Building Society | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 1 to 47 Working days | 5 to 10 minutes |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Virgin Money vs Cumberland Building Society Features & Account Types
| Virgin Money | Cumberland Building Society | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| 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 | Visa |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | Yes |
| Branch Locations | Northern England and Scotland only | Locations in North East England only |
Virgin Money vs Cumberland Building Society Customer Support Options
| Virgin Money | Cumberland Building Society | |
| 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 | Yes |
Virgin Money vs Cumberland Building Society Foreign Currency Accounts
| Virgin Money | Cumberland Building Society | |
| 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 Cumberland Building Society
| Virgin Money | Cumberland Building Society | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | No |
| Card Machines | No | No |
| Free Accounting Software | Yes | Yes |
Virgin Money vs Cumberland Building Society Banking Basics
| Virgin Money | Cumberland Building Society | |
| Bank Type | High Street | Building Society |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 121873 | 106074 |
| Website | Virgin Money Website | Cumberland Building Society Website |
Common Comparison Questions
Does Virgin Money or Cumberland Building Society 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, Cumberland Building Society scores 2.5 out of 5 based 41 Trustpilot reviews. Of which 22% are 5-star and 69% are 1-star.
Does Virgin Money or Cumberland Building Society 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, Cumberland Building Society’s iPhone App is rated 4.7 out of 5 based on 644 reviews. And it’s Android App is rated 4.8 out of 5 based on 415 reviews.
Does Virgin Money or Cumberland Building Society 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, Cumberland Building Society offers Instant Access, Fixed Term, Notice Savings accounts with interest rates ranging from 3.05% to 4.20% (AER).
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For other business bank accounts see our guide here.