Virgin Money Current Account

mwarby

Monzo dropped EU ATM charges at around that time, some reg change they said. Odd that this is gaining momentum after we decided to leave EU

dc_scotland

I have been keeping my eye on the Virgin Current Account since December, hoping for a switch incentive. The latest Account Tariff document (dated 2 Dec) gave the impression that those charges would be dropped from 10 December.  A Rates & Fees document dated 4 Feb then gave the impression the charges had in fact been dropped.  So I wonder what's changing this week.
https://uk.virginmoney.com/virgin/assets/pdf/Virgin-Money-Current-Account-Tariff.pdf

jiggy2

The changes in December were on certain currencies within the EEA. The changes this week seem to be rest of the world.
The tariff linked above (dated 4 Feb) seems to only reflect the changes that happened in Dec 2019.
*From the 10 December 2019, we will no longer charge this fee if the cash withdrawal is in pounds, Euros, Swedish Kronor or Romanian Lei and takes place in the European Economic Area (EEA).

dc_scotland

Thanks, that sounds very interesting, and probably a better option than hanging on to an old Santander Zero account which was dependent on having certain other products or savings.

jiggy2

dc_scotland said:

Thanks, that sounds very interesting, and probably a better option than hanging on to an old Santander Zero account which was dependent on having certain other products or savings.

tariff of charges been updated and show no fees for overseas cash withdrawal or debit card payment (with no references to EEA currencies anymore).
https://uk.virginmoney.com/virgin/assets/pdf/Virgin-Money-Current-Account-Fee-Information.pdf
https://uk.virginmoney.com/current-accounts/pca/rates-fees-charges

RG2015

The Virgin Money current account is now offering 2.02% AER, 2.00% gross on up to £1,000.

https://uk.virginmoney.com/current-accounts/

[Deleted User]

RG2015 said:

The Virgin Money current account is now offering 2.02% AER, 2.00% gross on up to £1,000.

https://uk.virginmoney.com/current-accounts/

I opened one of these yesterday. 

The easiest account opening I’ve ever had !

dcs34

RG2015 said:

The Virgin Money current account is now offering 2.02% AER, 2.00% gross on up to £1,000.

https://uk.virginmoney.com/current-accounts/

Might be missing a trick but I can't see anywhere on VB website how much notice they have to give of rate changes, and also no obvious requirements for it such as regular paying in or DDs.

where_are_we

mummyof5 said:

RG2015 said:

The Virgin Money current account is now offering 2.02% AER, 2.00% gross on up to £1,000.

https://uk.virginmoney.com/current-accounts/

I opened one of these yesterday. 

The easiest account opening I’ve ever had !

Is there any downside to my OH and myself opening one each and using it as a savings account with £1000 permanently in it. We already have Virginmoney accounts so opening them won`t be too onerous and there are no fees. I know the rate is variable and it is probably not worth waiting for a switch bonus.

Ken68

Tempted.....