Virgin Money Current Account

colsten

Alexland said:

Lots of junk email from Virgin Money today including confirmation they are renaming my very sensibly named Virgin Money Current Accounts to the "M Plus". Don't they realise the poor integration and legacy of Virgin Money products already confuses customers without making things make even less sense through pointless change. I don't really want to block their emails as they might one day send me something important but it does make me wonder whether it's worth the hassle for what is ultimately a small amount of interest.

The M Plus must be a hint of the a-mazing things they have in store for us

StevieJ

I have signed up for the Virgin current account, downloaded the app, then accessed both with no problems. I just wondered how I actually transfer my old bank account over? I can't find anything in the body of the account that allows me to do this, I looked online and it mentioned going into a Virgin store. 'Once you have decided to switch your banking to us, just speak to one of the team in your local Virgin Money Store'   Can't believe you need to do that?   I am now thinking that I will need to ring them up, is that correct? Grateful for any advice.

wiseonesomeofthetime

You would have had the option to CASS during sign up.

If you choose to do it after, you need to call them. 

StevieJ

My application didn't quite complete and I had to phone them to finish it off. They didn't mention transferring old account. Thanks I will ring them. Oh one other thing about the mobile app, it hasn't downloaded to my phone, it just opens in the App store. Any ideas?

wiseonesomeofthetime

Uninstall and reinstall perhaps?

dcs34

Money_Saving_Bloke said:

dcs34 said:

Alexland said:

Lots of junk email from Virgin Money today including confirmation they are renaming my very sensibly named Virgin Money Current Accounts to the "M Plus". Don't they realise the poor integration and legacy of Virgin Money products already confuses customers without making things make even less sense through pointless change. I don't really want to block their emails as they might one day send me something important but it does make me wonder whether it's worth the hassle for what is ultimately a small amount of interest.

I suspect the rebrand to "M Plus" suggests a forthcoming "M" account which doesn't have the perks (interest)

The M account already exists as their account for people who don’t qualify for the main Virgin Money account.

Did I mention I'm like Benjamin Button, experiencing the passing of time in reverse...

poppellerant

Has anybody been paid their interest yet? I thought interest was paid on the last working Friday of the month, showing on Saturday, but I'm not seeing any interest for any of my accounts.

RG2015

poppellerant said:

Has anybody been paid their interest yet? I thought interest was paid on the last working Friday of the month, showing on Saturday, but I'm not seeing any interest for any of my accounts.

It is paid on the last working day, not the last working Friday.

Your theory would apply to January and February 2021, but not November or December 2020. Interest for March will be paid on 31st March.

noh

poppellerant said:

Has anybody been paid their interest yet? I thought interest was paid on the last working Friday of the month, showing on Saturday, but I'm not seeing any interest for any of my accounts.

It is paid the last working day of the month so expect to receive the interest on Wednesday 31st March.

poppellerant

Thanks @RG2015 and @noh that explains everything!