Virgin Money 12%

sparky0138

Can anyone tell me please, can I select a date to switch or is it done automatically ASAP?

GreenScepter

sparky0138 said:

Can anyone tell me please, can I select a date to switch or is it done automatically ASAP?

I was able to select a date when I started the switch. Decided to delay it a little by selecting a further away date instead of the soonest available to give the direct debits time to set up.

sparky0138

GreenScepter said:

sparky0138 said:

Can anyone tell me please, can I select a date to switch or is it done automatically ASAP?

I was able to select a date when I started the switch. Decided to delay it a little by selecting a further away date instead of the soonest available to give the direct debits time to set up.

Exactly what I want to do. Thanks for letting me know.

jameseonline

sparky0138 said:

Can anyone tell me please, can I select a date to switch or is it done automatically ASAP?

Think most if not all banks etc give you a choice of switch date (minus any non banking days)

Wesker

Hi, I've just joined Virgin to make use of this offer. When signing up they have given me a savings account as well as a current account even though I didn't ask for one.
Can I just confirm that the £1000 needs to be in the current account, not the savings account?
Thanks

flaneurs_lobster

Wesker said:

Hi, I've just joined Virgin to make use of this offer. When signing up they have given me a savings account as well as a current account even though I didn't ask for one.
Can I just confirm that the £1000 needs to be in the current account, not the savings account?
Thanks

Everyone gets a savings account when they open a current account. Just ignore it.

steven141

Wesker said:

Hi, I've just joined Virgin to make use of this offer. When signing up they have given me a savings account as well as a current account even though I didn't ask for one.
Can I just confirm that the £1000 needs to be in the current account, not the savings account?
Thanks

Yes the savings needs to be in the current account. 

Nasqueron

goatfaced said:

Bridlington1 said:

Snoop are offering a £30 amazon gift card if you open an M Plus current account through them. This can be had in addition to the switch offer.

They also have a refer a friend offer in which you'll both get a £5 amazon gift card. Note do NOT use this forum to request/exchange referral links.

I can't see it now so I assume I missed it. I referred my son and he went through them so thanks for the heads up. 

I did this and switched on the 23rd, though I followed the link from Snoop a few days before (14th), they report 30 days from account opening you'll get it so we'll see if I do or not in a couple of weeks.

mo32

I’m VERY new to switching and been with YB/Virgin since a child. Now that the account is dropping from 2% to 1%…what’s the best advice on what to do - or who to move to?!

steven141

mo32 said:

I’m VERY new to switching and been with YB/Virgin since a child. Now that the account is dropping from 2% to 1%…what’s the best advice on what to do - or who to move to?!

There are numerous switching offer available right now. Probably the best out of all of them is the Santander edge current account with access to the 7% instant access saver account and £175 cashback. There is a £3 per month fee if you set up direct debits. You can also access the Edge credit card which gives you 2% cashback for the first year then 1% cashback but there is a £3 per month fee. 

The others that are also good are first direct with linked 7% regular saver but you can’t access the money without losing the interest rate before the year is up there is also £175 cashback. 

Lloyds Bank is good £175 cashback, decent app and access to a Club Lloyds regular saver 6.25% and also another one at 5.2%. You also get your Club Lloyds benefits like Disney+ free for a year or 6 free cinema tickets a year or membership for £3 per month fee. 

TSB are also offering £100 plus £60 cashback if you spend 20 debit card transactions in a month. 

If you have been a Nationwide member at the end of last March then you are eligible for a £200 switcher offer. 

More details here https://www.moneysavingexpert.com/banking/compare-best-bank-accounts/