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Help with Virgin Money M plus account for switch

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Hi All
I have 4 M plus current accounts & savers with Virgin Money. 
Two of them are used extensively - for expenses & as nominated accounts for savings accounts elsewhere.
Accounts are 3 years old, back when it was allowed to open multiple current accounts. I am aware rules have changed since 18 Feb 2022.

Can I use the least used M plus current account as a sacrificial account to switch to either RBS or Lloyds bank, without running the risk of loosing my other Mplus current accounts?

I have read through MSE switch guide. It does not specifically mention switching out using one of the multiple current accounts with the same bank.

Help please.

Your personal experiences, Links, T&Cs pdfs are very welcome.

Thanks

Comments

  • grumbler
    grumbler Posts: 58,629 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic

    Can I use the least used M plus current account as a sacrificial account to switch to either RBS or Lloyds bank, without running the risk of loosing my other Mplus current accounts?

    I don't see any risk here.

    I have read through MSE switch guide. It does not specifically mention switching out using one of the multiple current accounts with the same bank.

    That's what many people do in practice - opening a second account with the bank they already have an account with and then switching it.

  • mebu60
    mebu60 Posts: 1,560 Forumite
    1,000 Posts Second Anniversary Photogenic Name Dropper
    As long as the least used or selected M Plus account meets the criteria of the target bank (e.g. 2 DDs) you should be fine with no impact on the other M Plus accounts. 
  • pridehappy
    pridehappy Posts: 340 Forumite
    100 Posts First Anniversary Name Dropper Photogenic
    Nope, if you only select the least used current account then your other ones shouldn’t ne affected. However, the Virgin Money M Plus current accounts are great for a free current/savings account, and seen as you can’t open more, I’d consider if it was better to open a current account with a soft credit check provider like Starling and then switch that. You never know what the future can hold, these might come in handy!
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