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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 when you open or switch to this business current account.

  • 25 months' free day-to-day banking.
  • Eligible deposits are covered up to £85,000 per business.
  • Switching to us is easy. You choose the date, we'll handle the rest.

Business Current Account benefits

No monthly fee

25months' free
day-to-day banking

With the Business Current Account, you can save on those everyday transactions, giving you more cash to put towards growing your business.

Giving back to your business

0.35%

Business Current Account customers will earn 0.35% Cashback (capped at £500 per calendar year per Debit Card). Terms and exclusions apply.

Discounts on business purchases

£££

Mastercard discounts available when you use your Debit Card at selected merchants, including tax software, travel and more. Terms and exclusions apply.

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.

View qualifying terms

Take a closer look at the Business Current Account

Who's it for?

  • Start-Ups
  • Sole traders
  • Limited Companies
  • Limited Liability Partnerships
  • Partnerships
  • Those with an annual turnover less than £6.5million

What does it work with?

  • Compatible with Apple and Google Pay
  • Can be integrated with SageFrom Business Internet Banking and our app, you can integrate with Sage
  • Can be integrated with XeroFrom Business Internet Banking and our app, you can integrate with Xero
  • Can be integrated with QuickBooksFrom Business Internet Banking and our app, you can integrate with QuickBooks
  • Automated business spending categorisation
  • Receipt capture

What are the features?

  • Make free UK bank transfersNo payment charges on UK bank transfers. You can make a domestic bank transfer (we are part of the UK’s Faster Payments network) of up to £30,000 per transaction in your app / on Business Internet Banking
  • Mastercard discountsMastercard discounts available when you use your Debit Card at selected merchants, including tax software, travel and more. Savings discounts Terms and Conditions apply
  • In-app cheque scanning
  • Manage scheduled payments
  • Instant payment notifications
  • Exclusive Virgin StartUp benefitsWe work with Virgin StartUp to provide support, mentoring and training to our customers. They’re all about helping the founders of businesses get up and running and ultimately thriving. Get priority access to free MeetUp events, as well as 50% discount on any paid events such as Masterclasses and Scale Up events
Get started

M-Track
dashboard

Power up your business data and manage it in one place with our free insights and forecasting platform.

  • Connect with a mix of key business tools.
  • Use insights to help dig deeper and plan ahead.
  • Access expertise from our business network.
Find out more

An easy way to track, budget and pay

Show your money who's boss with our business current account tools.

Manage your ins and outs
View previous statements. Set up and manage Direct Debits and standing orders.
Be in the know
Set your weekly transaction and balance alerts as you like it.
Tap, touch ta-da!
Deposit cheques digitally and pay with Apple Pay and Google Pay.

The serious bits

What you'll need to open a business current 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 Business Current Account. This simple guide will help you work out what information you need.

View the guide
Our switch guarantee
Switching to us is straightforward with the Current Account Switch Service. You choose the date you'd like to switch and we'll do the rest.
More on switching
Protecting your money
Your eligible deposits with Virgin Money are covered up to £85,000 per business.
View the FSCS guarantee

Important business current account information

Before applying please make sure you have read the following:

  • Annual turnover of less than £6.5million
  • Based and operated in the UK
    (excluding Channel islands, Isle of Man & Northern Ireland)
  • Have owners, directors, senior management and account signatories over 18 years old
  • Not currently bankrupt
  • Have never been disqualified as a company director
  • Operate in or trade with Crimea (Ukrainian territory), Iran, North Korea or Syria
  • Have bearer shares within their ownership structure
  • Are a shell bank
  • Undertake money services business as a primary or secondary business activity (e.g. bureau de change, money transmitters and cheque encashment agencies)
  • Are registered (or planning to register) as a payment service provider
  • Are a medicinal cannabis related business
  • Are an unregistered high value dealer
  • Have nominee shareholders within the business structure
  • Are known or suspected of money laundering or tax evasion
  • Financial information, including business turnover
  • Companies House name or registration number
    (If applicable to your business)
  • Three years of personal address history for anyone you want to operate and use this account, plus anyone who own or controls 25% or greater of the business
  • If your business is a Limited Company, Partnership or a Limited Liability Partnership, we'll also need this information for any Directors, Partners, Members of Senior Management (Chairperson, Chief Executive/Managing Director)
  • The authority to apply for this account on behalf of the business
  • A business email and mobile phone number
  • You may need to provide a live selfie and an identity document to confirm who you are with our identity partners HooYu
  • If proof of trading is not provided at outset it must be as soon as information becomes available, within 6 months or your account is at risk of being closed

Ready to apply?

Get started or continue where you left off.

Continue application
Please select one of the following:
We'll need to do a Companies House search to find your business. If your business is newly registered it can take up to 72 hours for their records to be updated, so you may need to come back later.

How many directors does the company have?
We'll need to do a Companies House search to find your business. If your business is newly registered it can take up to 72 hours for their records to be updated, so you may need to come back later.

Are the owners of the company individual persons or companies?
We'll need to do a Companies House search to find your business. If your business is newly registered it can take up to 72 hours for their records to be updated, so you may need to come back later.

lady watering plants

Which business current account has your name on it?

This isn't the only business current account we can offer you. To help you decide if it's the one for your business, see how it stacks up against the others.

Compare accounts