Virgin Money: Essential Current Account Issue 2

Virgin Money
Account:Essential Current Account Issue 2
Account ratings
Account ratings
Online service - -
Call centre service - -
Branch service - -
Trustworthiness - -
Opening the account
Minimum Income £0
Minimum Age 18 years
Maximum Age -
Existing customers only -
Area restrictions The Essential Current Account is only initially available in Scotland and Northern Ireland.
Overdrafts and charges
Monthly Charge -
Overdraft facilities
Automatic overdraft facility £0
Interest Free Overdraft Limit £0
Authorised overdraft rate 0% APR/EAR
Authorised overdraft charge Not applicable.
Unauthorised overdraft rate 0% APR/EAR
Unauthorised overdraft charge Not applicable.
Overdraft related charges Paid item max fee - £0
Paid item max no - 0
Unpaid item max fee - £0
Stepped cheque charge - £0
Overseas charges (Europe only) Forex fee - 0%
Charge for £100 ATM withdrawal - £2
Charge for £100 debit card transaction - £0
Account charges ATM withdrawal - £0
Transactions - £0
Bankers draft - £0
Special clearance - £0
CHAPS - £35
Duplicate statement - £10
Interest rates and other incentives
Headline interest rate 0.75% AER
Rate tiers
Gross Rate Excluding BonusGross Rate Including BonusAER
Maximum balance for interest -
Minimum initial deposit £0
Minimum Monthly Credit £0
Interest paid Monthly
Incentives Annual travel insurance -
Breakdown insurance -
Discount vouchers -
Savings sweep -
Other Insurance - no
Other incentive - Virgin Money customers have access to Virgin Lounges around the country, where they and their guests can receive complimentary refreshments, free WI-Fi and use of iPads.
Service information
Free banking
Account access Telephone
Post office
Services available Standing order
Direct debit
Bill payment
Round-up savings
Text alerts
Text mini statements
ATM mini statements
Cards / cheques provided Debit card
ATM card
Cheque book
Maximum ATM withdrawal £250
Time for cheque to clear 4 days
Statement frequency monthly