Is Virgin Money or ICICI Bank UK better for your small business?
Below we look at both Virgin Money and ICICI 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 ICICI Bank UK Trustpilot Reviews
| Virgin Money | ICICI Bank UK | |
| Trustpilot Review Score (out of 5) | 1.4 | 2.7 |
| Percent 5-Star Reviews | 5% | 18% |
| Percent 1- Star Reviews | 89% | 74% |
| Total Number of Reviews | 6,799 | 23 |
https://www.trustpilot.com/review/uk.virginmoney.com
https://www.trustpilot.com/review/www.icicibank.co.uk
Virgin Money vs ICICI Bank UK App Reviews
| Virgin Money | ICICI Bank UK | |
| iPhone Review Score (out of 5) | 4.6 | 2.7 |
| Number of iPhone Reviews | 125,000 | 237 |
| Android Review Score (out of 5) | 4 | 4 |
| Number of Android Reviews | 23,400 | 684 |
https://apps.apple.com/gb/app/virgin-money-mobile-banking/id1482269155
https://apps.apple.com/gb/app/icici-bank-uk-imobile/id1223898732
Virgin Money vs ICICI Bank UK Account Fees & Charges
| Virgin Money | ICICI Bank UK | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 25 Months | NA |
| Cheapest Monthly Account Fee | No | £5 |
| Most Expensive Monthly Account Fee | No | £15 |
| Electronic Payment Cost (in/out) | Free | 25p |
| Cash Payments Cost (in/out) | 90p per £100 | £5 per £1,000 / free |
| Cheques (in/out) | 30p per cheque | £1 |
| CHAPS Payments Cost | £25 | £20 |
| SEPA Payments Cost | £20 | No |
Virgin Money vs ICICI Bank UK Business Savings Rates
| Virgin Money | ICICI Bank UK | |
| Types of Business Savings Accounts | Instant access accounts, Notice accounts, Fixed term deposit accounts | Business Savings Account, Business Fixed Deposit |
| Lowest Savings Rate (AER) | 1.35% | 2.85% |
| Maximum Savings Rate (AER) | 5.15% | 4.50% |
| Minimum Savings Amount | £1 | £1 |
| Interest Paid On Foreign Currencies | Yes | Yes |
Virgin Money vs ICICI Bank UK Account Opening Times
| Virgin Money | ICICI Bank UK | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 1 to 47 Working days | 2 Working days |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Virgin Money vs ICICI Bank UK Features & Account Types
| Virgin Money | ICICI 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 | London, Birmingham and Manchester |
Virgin Money vs ICICI Bank UK Customer Support Options
| Virgin Money | ICICI 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 ICICI Bank UK Foreign Currency Accounts
| Virgin Money | ICICI 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 ICICI Bank UK
| Virgin Money | ICICI Bank UK | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| Invoice Financing | Yes | Yes |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | No |
| Card Machines | No | No |
| Free Accounting Software | Yes | No |
Virgin Money vs ICICI Bank UK Banking Basics
| Virgin Money | ICICI Bank UK | |
| Bank Type | High Street | Foreign Bank |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 121873 | 223268 |
| Website | Virgin Money Website | ICICI Bank UK Website |
Common Comparison Questions
Does Virgin Money or ICICI 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, ICICI Bank UK scores 2.7 out of 5 based 23 Trustpilot reviews. Of which 18% are 5-star and 74% are 1-star.
Does Virgin Money or ICICI 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, ICICI Bank UK’s iPhone App is rated 2.7 out of 5 based on 237 reviews. And it’s Android App is rated 4 out of 5 based on 684 reviews.
Does Virgin Money or ICICI 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, ICICI Bank UK offers Business Savings Account, Business Fixed Deposit accounts with interest rates ranging from 2.85% to 4.50% (AER).
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For other business bank accounts see our guide here.