Here to help your business grow
If you're a new business or just new to Virgin Money, you could qualify for our 25 months' free day to day banking offer.
With one of the longest free banking offers available on the high street, you can save on those everyday transactions, giving you more cash to put towards growing your business.
- No monthly fee
- No charges for cash or cheque deposits
- No charges for withdrawals
- No charges for Direct Debits or other automated payments
A cash limit (paid in, paid out or exchanged) of £250,000 per year applies. Charges for additional services or borrowing charges (as outlined in our Business Banking Tariff Guide) are not part of the free day to day banking offer. Excludes international and CHAPS payments.
Who can get the offer?
From 15th April 2021 this offer is available to new business customers with a turnover under £6.5m who switch their day to day banking to our Business Current Account, and to startups who open a Business Current Account within their first 12 months of trading.
Business Current Account Checklist
What you’ll need to open an account
Alongside other UK banks and UK Finance, we've agreed to a basic set of information that you'll need to supply to set up your new current account. This simple guide will help you work out what information you need.View the guide Link opens in a new window
From 15th April 2021, offer applies to new small and medium business banking customers with a turnover of less than £6.5 million switching their main business current account or start ups opening first account within 12 months of beginning trading. No charges apply to cash or cheque deposits and withdrawals, Direct Debits or other automated transactions. Borrowing facilities available subject to status, fees apply. Charges for “additional services” and “borrowing charges” are not part of the free banking offer and are highlighted in our Business Banking Tariff Guide. Cash limit (paid in, paid out or exchanged) of £250,000 per annum. At the end of the free banking period, you will move to our Business Banking Tariff Guide.