Co-op bank for sale



  • mr_mf
    mr_mf Posts: 39 Forumite
    First Anniversary First Post
    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
    isasmurf Posts: 1,999 Forumite
    Name Dropper First Post First Anniversary Combo Breaker
    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
    System Posts: 178,104 Community Admin
    Photogenic Name Dropper First Post
    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.
This discussion has been closed.
Meet your Ambassadors


  • All Categories
  • 343.8K Banking & Borrowing
  • 250.3K Reduce Debt & Boost Income
  • 450K Spending & Discounts
  • 235.9K Work, Benefits & Business
  • 609K Mortgages, Homes & Bills
  • 173.4K Life & Family
  • 248.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards