Virgin Money Current Account

colsten

RG2015 said:

I agree but Virgin Money seem to buck the trend.......

In my experience, Virgin confirm the trend that I can get verified electronically 🤣🤣

RG2015

colsten said:

RG2015 said:

I agree but Virgin Money seem to buck the trend.......

In my experience, Virgin confirm the trend that I can get verified electronically 🤣🤣

Have you ever needed to provide paper ID to VM?

surreysaver

VM obviously managed to verify me electronically, as they let me open an account, but as soon as I filled the account up they required ID. 

onlyfoolsandparking

surreysaver said:

VM obviously managed to verify me electronically, as they let me open an account, but as soon as I filled the account up they required ID. 

Exactly same as me then, maybe I'll get the 'We need ID' soon  
Did they email you wanting that info or some other way?

JB50MSE

Today 10/5/20, I applied for new Virgin Money Current Account as the bumf states it pays 2.02% AER gross interest on £1000 in credit, has no account fees, and no fee for overseas debit card use (cash and transactions). Sounds good to me, but have I understood correctly? Can't see any requirement about minimum monthly payments in, or monthly DDs, can you?

Oddly, despite successfully logging in online with my old Virgin Money details (previous VM ISA, transferred elsewhere in April 2020), and despite also previously having had a Clydesdale bank account (now closed as it didn't have any ongoing benefits for me), Virgin Money said it could not identify me and will post something to me so I can continue my application. No problem apart from delay. I can only assume it's because I don't have any Virgin Money or Clydesdale or Yorkshire Bank accounts open right now, even though I have not changed my personal details. Maybe the 3 financial organisations are just finding it difficult to join the dots during this lockdown (for each other, as well as for me)?

surreysaver

onlyfoolsandparking said:

surreysaver said:

VM obviously managed to verify me electronically, as they let me open an account, but as soon as I filled the account up they required ID. 

Exactly same as me then, maybe I'll get the 'We need ID' soon  
Did they email you wanting that info or some other way?

Got an email. Although shortly before I received a phone call from a withheld number (I don't tend to answer calls from numbers I don't know or are withheld) which I suspect may have been from them

onlyfoolsandparking

JB50MSE said:

Today 10/5/20, I applied for new Virgin Money Current Account as the bumf states it pays 2.02% AER gross interest on £1000 in credit, has no account fees, and no fee for overseas debit card use (cash and transactions). Sounds good to me, but have I understood correctly? Can't see any requirement about minimum monthly payments in, or monthly DDs, can you?

Oddly, despite successfully logging in online with my old Virgin Money details (previous VM ISA, transferred elsewhere in April 2020), and despite also previously having had a Clydesdale bank account (now closed as it didn't have any ongoing benefits for me), Virgin Money said it could not identify me and will post something to me so I can continue my application. No problem apart from delay. I can only assume it's because I don't have any Virgin Money or Clydesdale or Yorkshire Bank accounts open right now, even though I have not changed my personal details. Maybe the 3 financial organisations are just finding it difficult to join the dots during this lockdown (for each other, as well as for me)?

As far as I can tell there are no minimum monthly payment requirements, I did read all T&C,s but they're long. Regarding identifying you, seems a bit hit and miss, some people no problem, some being asked for ID etc. On the whole looks a fairly decent current account, I think 'No fee' accounts will disappear in the future with what's currently going on.

rjmachin

Just applied and got a message saying they need to check the details and will email / text me a link.

It asked about my bills and how I was going to fund it, so said I would transfer from my account with another bank and £1000 annually, as I have no interest in switching or paying bills from it.  Just wanted 2% on £1000 to help boost my money.

I did apply for another current account a few weeks ago, so maybe that is why.... Just have to wait and see

ischris85

I got the same message. They responded I was successful within one working day.  Same also on bills/funding.

ronbell101

opened mine last night...had to answer a few "credit file " questions and account was opened immediately....any one opened more than one of these accounts...ie personal and joint ?to maximise interest....