Is Virgin Money or Triodos Bank better for your small business?
Below we look at both Virgin Money and Triodos 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 Triodos Bank Trustpilot Reviews
| Virgin Money | Triodos Bank | |
| Trustpilot Review Score (out of 5) | 1.4 | 4.1 |
| Percent 5-Star Reviews | 5% | 58% |
| Percent 1- Star Reviews | 89% | 22% |
| Total Number of Reviews | 6,799 | 514 |
https://www.trustpilot.com/review/uk.virginmoney.com
https://www.trustpilot.com/review/triodos.co.uk
Virgin Money vs Triodos Bank App Reviews
| Virgin Money | Triodos Bank | |
| iPhone Review Score (out of 5) | 4.6 | 4.6 |
| Number of iPhone Reviews | 125,000 | 1,700 |
| Android Review Score (out of 5) | 4 | 4.6 |
| Number of Android Reviews | 23,400 | 851 |
https://apps.apple.com/gb/app/virgin-money-mobile-banking/id1482269155
https://apps.apple.com/gb/app/triodos-bank-uk/id1238649529
Virgin Money vs Triodos Bank Account Fees & Charges
| Virgin Money | Triodos Bank | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 25 Months | NA |
| Cheapest Monthly Account Fee | No | £3 |
| Most Expensive Monthly Account Fee | No | £3 |
| Electronic Payment Cost (in/out) | Free | No |
| Cash Payments Cost (in/out) | 90p per £100 | Free / £1 |
| Cheques (in/out) | 30p per cheque | £1 |
| CHAPS Payments Cost | £25 | £20 |
| SEPA Payments Cost | £20 | No |
Virgin Money vs Triodos Bank Business Savings Rates
| Virgin Money | Triodos 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 | NA |
| Interest Paid On Foreign Currencies | Yes | Yes |
Virgin Money vs Triodos Bank Account Opening Times
| Virgin Money | Triodos Bank | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 1 to 47 Working days | 1 to 2 Working days |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Virgin Money vs Triodos Bank Features & Account Types
| Virgin Money | Triodos Bank | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes | No |
| Business Overdraft | Yes | Yes |
| Accounts For Startups | Yes | No |
| Accounts For Charities | Yes | No |
| 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 | No |
| Branch Locations | Northern England and Scotland only | Bristol, London and Edinburgh |
Virgin Money vs Triodos Bank Customer Support Options
| Virgin Money | Triodos 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 | No |
Virgin Money vs Triodos Bank Foreign Currency Accounts
| Virgin Money | Triodos Bank | |
| US Dollar (USD) Bank Accounts | Yes | No |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: | No |
|
Other Business Services From Virgin Money and Triodos Bank
| Virgin Money | Triodos Bank | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | No |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | No |
| Card Machines | No | No |
| Free Accounting Software | Yes | No |
Virgin Money vs Triodos Bank Banking Basics
| Virgin Money | Triodos Bank | |
| Bank Type | High Street | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 121873 | 817008 |
| Website | Virgin Money Website | Triodos Bank Website |
Common Comparison Questions
Does Virgin Money or Triodos 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, Triodos Bank scores 4.1 out of 5 based 514 Trustpilot reviews. Of which 58% are 5-star and 22% are 1-star.
Does Virgin Money or Triodos 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, Triodos Bank’s iPhone App is rated 4.6 out of 5 based on 1,700 reviews. And it’s Android App is rated 4.6 out of 5 based on 851 reviews.
Does Virgin Money or Triodos 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, Triodos Bank 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.