★★★★★
★★★★★
Virgin Money launched in 1995 with the aim of making personal banking simpler. The Virgin Money brand was bought by Clydesdale Bank in 2018 and then in 2024, it was subject to a takeover from Nationwide. In recent years Virgin Money has beefed up its business banking offering with a range of current and savings accounts.
Let’s take a look at what they can offer business customers.
To make comparing even easier we came up with the Finder Score. Fees, features and customer service across 20+ of the most popular banks are all weighted and scaled to produce a score out of 10. The higher the score the better the account – simple.
Read the full methodologyWe currently don't have that product, but here are others to consider:
How we picked theseVirgin Money offers 4 accounts, each tailored to different sized businesses and their particular needs:
Once an introductory deal is over, Virgin Money business customers are charged the following types of fee. The types of fee charged will vary between account types. But generally, customers can expect to be charged the following:
You can apply online or in person at a Virgin Money branch. Here’s a basic list of the documents you’ll need:
Virgin Money currently offers 6 types of business savings accounts.
These are:
The key differences between these accounts is how long you have to wait to access your funds, plus the interest rate on offer.
If you want to maximise your interest, go for the 2-year fixed-rate account. If you prefer being able to instantly access your savings, the instant-access account should be your choice.
With either account, you can keep a balance between £1 and £2 million.
Virgin Money customers are granted free access to its lounges across the UK. Here, you can enjoy free Wi-Fi, newspapers, TVs and complimentary refreshments.
This is your opportunity to work away from the office, or perhaps for work-from-home entrepreneurs to host business meetings outside of their house.
You can apply for a business savings account on the Virgin Money website.
You’ll provide a few basic details including your full name, business address, business number, the personal details of all business owners, plus some financial details.
Once the account is ready for you to open, you’ll be emailed your new account details, plus instructions for how to deposit funds.
Virgin Money’s Trustpilot rating is 3.1 out of 5 from more than 10,000 reviews. On the Apple App Store, it scored 4.6 out of 5 stars based on over 150,000 reviews, while its Google Play Store rating is 4.2 out of 5 stars, from around 26,000 reviews. These were updated in February 2025.
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If you’re happy to do most of your business banking online, then Virgin Money is a great option for you. You’ll be able to do most of the things you’ll need to manage your account from the bank’s smartphone or tablet app and through your online account.
For businesses trying to keep costs at a minimum, the Business Current Account has a long trial period compared to many of its larger rivals.
If your business makes heavy use of cash and needs to make deposits, it’s worth noting that most of the bank’s physical branches are based in the north of England, the Midlands and Scotland. If your business is based in one of those regions then you can make cash deposits relatively easily.
Get started by visiting Virgin Money’s website and sign up for an account. If you have read this review and decided that Virgin Money’s current accounts are not for you, you can also compare other business bank accounts on the market.
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Via customer survey commissioned by Finder
They were very professional throughout my time with their service.
Via customer survey commissioned by Finder
Because I believe they are other banking system that are more better than it
Via customer survey commissioned by Finder
Virgin money delivers beautifully but they could try to improve their registration procedures.
Via customer survey commissioned by Finder
They are trustworthy and reliable
Via customer survey commissioned by Finder
very easy to deal with
Via customer survey commissioned by Finder
Is very hard to get someone to answer the phone when you need to speak to someone on the phone
Via customer survey commissioned by Finder
It has a very good and unique customer support
Via customer survey commissioned by Finder
They are always ready to settle any issue if any
Via customer survey commissioned by Finder
It's easy to arrange and use
Via customer survey commissioned by Finder
Best customer service
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NatWest offers a range of business banking options including current accounts, savings accounts and business insurance, as well as specialised accounts for startups and charities.
The Co-operative Bank offers 5 business accounts options for a range of circumstances.
Santander has some great free banking offers for startups, as well as accounts for charities and companies who hold money on behalf of clients.
Danske Bank provides business banking and investment accounts for large businesses, charities and community organisations.
HSBC offers a range of business banking options, including current and savings accounts, business credit cards and overdrafts.
Bank of Scotland offers banking solutions for businesses of all sizes as well as extensive educational resources.
Bank of Ireland offers straightforward banking options for existing businesses, as well as specialised accounts for startup or new businesses.