Is Virgin Money or Fair Everywhere better for your small business?
Below we look at both Virgin Money and Fair Everywhere 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 Fair Everywhere Trustpilot Reviews
| Virgin Money | Fair Everywhere | |
| Trustpilot Review Score (out of 5) | 1.4 | 3.1 |
| Percent 5-Star Reviews | 5% | 27% |
| Percent 1- Star Reviews | 89% | 64% |
| Total Number of Reviews | 6,799 | 11 |
https://www.trustpilot.com/review/uk.virginmoney.com
https://www.trustpilot.com/review/faireverywhere.com
Virgin Money vs Fair Everywhere App Reviews
| Virgin Money | Fair Everywhere | |
| iPhone Review Score (out of 5) | 4.6 | 2.2 |
| Number of iPhone Reviews | 125,000 | 5 |
| Android Review Score (out of 5) | 4 | 3.9 |
| Number of Android Reviews | 23,400 | 7 |
https://apps.apple.com/gb/app/virgin-money-mobile-banking/id1482269155
https://apps.apple.com/gb/app/fair-everywhere/id1331905256
Virgin Money vs Fair Everywhere Account Fees & Charges
| Virgin Money | Fair Everywhere | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 25 Months | NA |
| Cheapest Monthly Account Fee | No | £12.50 |
| Most Expensive Monthly Account Fee | No | £12.50 |
| Electronic Payment Cost (in/out) | Free | 30p |
| Cash Payments Cost (in/out) | 90p per £100 | £1.50 / £3 + 2.75% |
| Cheques (in/out) | 30p per cheque | 50p per cheque |
| CHAPS Payments Cost | £25 | £30 |
| SEPA Payments Cost | £20 | No |
Virgin Money vs Fair Everywhere Business Savings Rates
| Virgin Money | Fair Everywhere | |
| 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 | Yes |
Virgin Money vs Fair Everywhere Account Opening Times
| Virgin Money | Fair Everywhere | |
| 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 | Yes |
Virgin Money vs Fair Everywhere Features & Account Types
| Virgin Money | Fair Everywhere | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | No |
| Business Credit Card | Yes | Yes |
| Business Overdraft | Yes | No |
| Accounts For Startups | Yes | Yes |
| Accounts For Charities | Yes | No |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | No |
| 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 Fair Everywhere Customer Support Options
| Virgin Money | Fair Everywhere | |
| 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 Fair Everywhere Foreign Currency Accounts
| Virgin Money | Fair Everywhere | |
| US Dollar (USD) Bank Accounts | Yes | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: | No |
|
Other Business Services From Virgin Money and Fair Everywhere
| Virgin Money | Fair Everywhere | |
| Business Loans | Yes | No |
| Commercial Mortgages | Yes | No |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | Yes |
| Card Machines | No | No |
| Free Accounting Software | Yes | No |
Virgin Money vs Fair Everywhere Banking Basics
| Virgin Money | Fair Everywhere | |
| Bank Type | High Street | Challenger |
| FSCS Protection | Yes, up to £85,000 | No |
| FCA Number | 121873 | 504547 |
| Website | Virgin Money Website | Fair Everywhere Website |
Common Comparison Questions
Does Virgin Money or Fair Everywhere 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, Fair Everywhere scores 3.1 out of 5 based 11 Trustpilot reviews. Of which 27% are 5-star and 64% are 1-star.
Does Virgin Money or Fair Everywhere 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, Fair Everywhere’s iPhone App is rated 2.2 out of 5 based on 5 reviews. And it’s Android App is rated 3.9 out of 5 based on 7 reviews.
Does Virgin Money or Fair Everywhere 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, Fair Everywhere 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.