Is Virgin Money or Starling Bank better for your small business?
Below we look at both Virgin Money and Starling Bank 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 Starling Bank Trustpilot Reviews
| Virgin Money | Starling Bank | |
| Trustpilot Review Score (out of 5) | 1.4 | 4.3 |
| Percent 5-Star Reviews | 5% | 76% |
| Percent 1- Star Reviews | 89% | 11% |
| Total Number of Reviews | 6,799 | 38,869 |
https://www.trustpilot.com/review/uk.virginmoney.com
https://www.trustpilot.com/review/starlingbank.com
Virgin Money vs Starling Bank App Reviews
| Virgin Money | Starling Bank | |
| iPhone Review Score (out of 5) | 4.6 | 4.9 |
| Number of iPhone Reviews | 125,000 | 477,500 |
| Android Review Score (out of 5) | 4 | 4.5 |
| Number of Android Reviews | 23,400 | 114,000 |
https://apps.apple.com/gb/app/virgin-money-mobile-banking/id1482269155
https://apps.apple.com/gb/app/starling-bank-mobile-banking/id956806430
Virgin Money vs Starling Bank Account Fees & Charges
| Virgin Money | Starling Bank | |
| 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 | No |
| Electronic Payment Cost (in/out) | Free | Free |
| Cash Payments Cost (in/out) | 90p per £100 | 0.70% |
| Cheques (in/out) | 30p per cheque | Free |
| CHAPS Payments Cost | £25 | £20 |
| SEPA Payments Cost | £20 | No |
Virgin Money vs Starling Bank Business Savings Rates
| Virgin Money | Starling Bank | |
| 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 | No |
| Interest Paid On Foreign Currencies | Yes | Yes |
Virgin Money vs Starling Bank Account Opening Times
| Virgin Money | Starling Bank | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 1 to 47 Working days | 1 to 5 Working days |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Virgin Money vs Starling Bank Features & Account Types
| Virgin Money | Starling Bank | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes | No |
| 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 | None, but can use post office locations for some services |
Virgin Money vs Starling Bank Customer Support Options
| Virgin Money | Starling Bank | |
| 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 Starling Bank Foreign Currency Accounts
| Virgin Money | Starling Bank | |
| US Dollar (USD) Bank Accounts | Yes | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: | No |
|
Other Business Services From Virgin Money and Starling Bank
| Virgin Money | Starling Bank | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | No |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | Yes |
| Card Machines | No | Yes |
| Free Accounting Software | Yes | No |
Virgin Money vs Starling Bank Banking Basics
| Virgin Money | Starling Bank | |
| Bank Type | High Street | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 121873 | 730166 |
| Website | Virgin Money Website | Starling Bank Website |
Common Comparison Questions
Does Virgin Money or Starling Bank 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, Starling Bank scores 4.3 out of 5 based 38,869 Trustpilot reviews. Of which 76% are 5-star and 11% are 1-star.
Does Virgin Money or Starling Bank 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, Starling Bank’s iPhone App is rated 4.9 out of 5 based on 477,500 reviews. And it’s Android App is rated 4.5 out of 5 based on 114,000 reviews.
Does Virgin Money or Starling Bank 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, Starling Bank offers None accounts with interest rates ranging from NA to NA (AER).
See Other Comparisons:Virgin Money vs Shawbrook Bank
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For other business bank accounts see our guide here.