Moving money out of Virgin Money

[Deleted User]

For those maybe requiring to move largish funds out of Virgin Money Saver into their hub current account for RS standing orders due on Friday (1st April)....

Just a wee warning. As you know you have to move the funds firstly from the Saver account into your M Plus current account. No problem there, any amount up to the balance in your Saver account can be moved.

Getting funds out of your M Plus current account to another current account via online banking seems to be subject to a lowish daily limit of £1000. You can get round this by down loading the VM mobile app, which allows you to move (I think) up to £30K in one day. I've just had to download the app and was able to move £12,250 to my Santander current account.

Glad I didn't leave this until later in the week, when I might have panicked when I couldn't move sufficient funds via online banking,

Section62

Or you can get a security token, or (if planned ahead) set up SO transactions.

Details of how to get and use a security token were discussed here....

https://forums.moneysavingexpert.com/discussion/596724/the-top-easy-access-savings-discussion-area/p475

[Deleted User]

Section62 said:

Or you can get a security token, or (if planned ahead) set up SO transactions.

Details of how to get and use a security token were discussed here....

https://forums.moneysavingexpert.com/discussion/596724/the-top-easy-access-savings-discussion-area/p475

Thanks, I missed that discussion or didn't pay enough attention. Although I've had the Virgin M Plus current account for some time,  it was opened only as a depositary for £1000. I didn't envisage having to negotiate substantial sums through it until the 1% up to £25K offer on the linked saver account became available. I suspect there may be others who are unaware of the withdrawal rules on the M Plus current account,