Is Virgin Money or Danske Bank UK better for your small business?
Below we look at both Virgin Money and Danske Bank UK 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 Danske Bank UK Trustpilot Reviews
| Virgin Money | Danske Bank UK | |
| Trustpilot Review Score (out of 5) | 1.4 | 2 |
| Percent 5-Star Reviews | 5% | 12% |
| Percent 1- Star Reviews | 89% | 71% |
| Total Number of Reviews | 6,799 | 24 |
https://www.trustpilot.com/review/uk.virginmoney.com
https://www.trustpilot.com/review/danskebank.co.uk
Virgin Money vs Danske Bank UK App Reviews
| Virgin Money | Danske Bank UK | |
| iPhone Review Score (out of 5) | 4.6 | 4.4 |
| Number of iPhone Reviews | 125,000 | 2,900 |
| Android Review Score (out of 5) | 4 | 4.4 |
| Number of Android Reviews | 23,400 | 2,890 |
https://apps.apple.com/gb/app/virgin-money-mobile-banking/id1482269155
https://apps.apple.com/gb/app/mobile-bank-uk-danske-bank/id1365361930
Virgin Money vs Danske Bank UK Account Fees & Charges
| Virgin Money | Danske Bank UK | |
| Free Business Bank Account | Yes | Yes |
| Free Business Account Term Length | 25 Months | 24 Months |
| Cheapest Monthly Account Fee | No | £7 |
| Most Expensive Monthly Account Fee | No | £48 |
| Electronic Payment Cost (in/out) | Free | 45p |
| Cash Payments Cost (in/out) | 90p per £100 | 90p / £1.40 per £100 |
| Cheques (in/out) | 30p per cheque | 80p / 90p per item |
| CHAPS Payments Cost | £25 | £20 |
| SEPA Payments Cost | £20 | No |
Virgin Money vs Danske Bank UK Business Savings Rates
| Virgin Money | Danske Bank UK | |
| Types of Business Savings Accounts | Instant access accounts, Notice accounts, Fixed term deposit accounts | Business Investment Account, Fixed Term Deposit |
| Lowest Savings Rate (AER) | 1.35% | 1.65% |
| Maximum Savings Rate (AER) | 5.15% | 4.60% |
| Minimum Savings Amount | £1 | £1 |
| Interest Paid On Foreign Currencies | Yes | Yes |
Virgin Money vs Danske Bank UK Account Opening Times
| Virgin Money | Danske Bank UK | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 1 to 47 Working days | 10 Working days |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Virgin Money vs Danske Bank UK Features & Account Types
| Virgin Money | Danske Bank UK | |
| 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 | Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | Yes |
| Branch Locations | Northern England and Scotland only | Nothern Ireland oly |
Virgin Money vs Danske Bank UK Customer Support Options
| Virgin Money | Danske Bank UK | |
| 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 Danske Bank UK Foreign Currency Accounts
| Virgin Money | Danske Bank UK | |
| US Dollar (USD) Bank Accounts | Yes | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: | No |
|
Other Business Services From Virgin Money and Danske Bank UK
| Virgin Money | Danske Bank UK | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| 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 Danske Bank UK Banking Basics
| Virgin Money | Danske Bank UK | |
| Bank Type | High Street | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 121873 | 122261 |
| Website | Virgin Money Website | Danske Bank UK Website |
Common Comparison Questions
Does Virgin Money or Danske Bank UK 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, Danske Bank UK scores 2 out of 5 based 24 Trustpilot reviews. Of which 12% are 5-star and 71% are 1-star.
Does Virgin Money or Danske Bank UK 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, Danske Bank UK’s iPhone App is rated 4.4 out of 5 based on 2,900 reviews. And it’s Android App is rated 4.4 out of 5 based on 2,890 reviews.
Does Virgin Money or Danske Bank UK 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, Danske Bank UK offers Business Investment Account, Fixed Term Deposit accounts with interest rates ranging from 1.65% to 4.60% (AER).
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For other business bank accounts see our guide here.