Co-op bank for sale

mr_mf

The current Virgin essentials current account doesn't look that sophisticated to me but they do say they are working on other accounts - most probably by acquiring the Co-op!

What does it offer?

No overdraft which means no overdraft fees to worry about.
No charge for unpaid Direct Debits or standing orders.
Debit card you can use at ATMs*, in shops, online and abroad.
Earn 0.75% Gross1/AER2 (variable) interest on balances up to £100,000. Interest is paid monthly.
Manage it through Virgin Money Stores and at any Post Office®, with limited online services.
Enjoy Virgin Money customer benefits

isasmurf

Virgin essentials is a basic bank account and not intended to be a full service current account. Last year, they said they have ruled out the traditional high street current account, and instead are focussing on building a digital bank to offer current accounts through.

I suspect their interest in the Co-op is to acquire the business accounts, which is a market they are looking to enter, and possibly the mortgage books.

System

JuicyJesus wrote: »

My guess would be that the Co-op's current account offerings would become the Virgin Money ones as they're far more sophisticated.

And it's not like the Co-op's internet banking is particularly modern and featureful as it is!

Co-op internet banking does all I need it to, if a bit odd design wise.