Virgin Money Essential - Virgin Money

Virgin Money Essential

Virgin Money
0.75 % AER
Headline Interest Rate
  • Overdraft facility
  • No monthly charge
  • Minimum Monthly Credit: £ 0
    • Open by:
The only basic bank account that pays interest
No other features

This account may be appropriate for you if

  • Your balance will not exceed £ 100,000
  • Your income is at least per month
  • You are older than 18

Switching bonus

Member of Current Account Switching Service: No

Credit Interest

Annual Interest Paid By Balance:
BalanceAnnual Interest Paid
£ 5000.75 %
£ 1,0000.75 %
£ 5,0000.75 %
£ 10,0000.75 %
£ 25,0000.75 %
Headline Interest Rate: 0.75 % AER
Paid on Balances Over: £ 1 and up to
Interest Paid: monthly
Includes Initial Bonus: Yes


Overdraft Available: No
Overdraft Arrangement Fee: (min. )

Payment options

ATM Card
Cheque Book
Debit CardVisa
Standing Order
Direct Debits

Access and usage

Banking by


Preferential rates on
Prepaid card
Home emergency cover
Extended warranty cover
Airport lounge access
Preferential travellers money rates
Preferential travellers cheque rates
Free life insurance
Free home insurance
Free car insurance
Breakdown cover
Voucher and discount deals
Entertainment deals
Mobile phone cover


Charges for Unpaid Items: None
Charges for Paid Items: None
Maximum Charges for Unpaid Items: per
Maximum Charges for Paid Items (Over Credit Limit): per

Cost Abroad

ATM Charge Europe: Free
ATM Charge World: Free
Debit Card Charge Europe: No exchange rate fees
Debit Card Charge World: No exchange rate fees

Additional Charges

Charge for Replacement Statement: £ 10
ATM Withdrawal Charge: £ 0
Bankers Draft Charge: £ 0
Special Clearance Charge: £ 0
Bankers Reference Charge: £ 0
CHAPS Charge: £ 35

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About the bank

  • Protection Scheme: This account is covered by the Financial Services Compensation Scheme.
  • Banking Licence Held By: Virgin Money plc