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Making it easier to do business is our mission. That's why our range of Business Current Accounts has something for organisations of all shapes and sizes.

Whichever you choose, you get a Debit Card, Cheque book (if you want one), optional Savings Accounts, as well as Business Internet Banking, app and phone.

Account featuresVirgin Money Business Current AccountVirgin Money Business Choice AccountVirgin Money Professional Firms Client Account
Available toAll businessesAll businessesAll businesses hold and manage clients' funds
Free banking
(subject to qualifying criteria)
Yes
Yes
Free banking period for Start Ups and Switcher subject to qualifying criteria [1]
No
No
Yes
Yes
Free banking only applies to designated client accounts
Base rate linked credit interestNo
No
Yes
Yes
Yes
Yes
Monthly Fee & Transaction Charges
(Unless Free Banking applies as above)
Business Banking Tariff Guide
Yes
Yes
Yes
Yes
Yes
Yes
Planned borrowingPlanned borrowing (subject to status) is when you have agreed an overdraft limit with us on your business account, allowing you to continue to make payments up to the value of your agreed overdraft limit.
Subject to lending assessment. Security may be required.
Yes
Yes
Yes
Yes
Yes
Yes
Unplanned borrowingUnplanned borrowing happens when you exceed the amount available in your account, including any overdraft facility, without first agreeing it with us. The fee is applied for each business day that we make a payment where your unplanned position is greater than the value of your unplanned borrowing buffer. [2]
(Unplanned Debit Interest & Daily Unplanned Borrowing Fee applies)
Yes
Yes
Yes
Yes
Yes
Yes
Returned item feeThis fee will be charged when there is not enough money in your account or agreed overdraft to make a payment and we refuse the request we will not change the returned item fee if the value of the unpaid item is £35.00 or less. This is returned item fee buffer amount.Yes
Yes
Yes
Yes
Yes
Yes
Business Internet Banking, Mobile & TelephoneYes
Yes
Yes
Yes
Yes
Yes
Apple Pay and Google PayYes
Yes
Yes
Yes
Yes
Yes
Contactless Debit MastercardYes
Yes
Yes
Yes
Yes
Yes
How to apply?Find out more about this Business Current accountFind out more about this Business choice accountFind out more about this Professional Firms Client account

Are you a Charity, Club or Society?

Clydesdale Bank, Yorkshire Bank and Virgin Money are now one bank. It means that as well as the Virgin Money current accounts, we can also offer you Clydesdale Bank and Yorkshire Bank current accounts if you’re a registered charity, club, society or non profit making organisation.

Clydesdale Bank or Yorkshire Bank Business Choice Charities Account

Every charity needs a simple, straightforward and reliable basis for managing its day-to-day banking. The Business Choice Charities Account is a flexible, fully functional and user friendly account for all registered charities.

View Business Choice Charities account

Clydesdale Bank or Yorkshire Bank Club & Societies Account

Free current account for charities and clubs with up to 10 transactions per month. No charges apply to deposits, withdrawals and transactions.

View Club & Societies account

Clydesdale Bank or Yorkshire Bank Club & Societies Choice Account

For non profits with more than 10 monthly transactions or with turnover over £1m.

View account

Want to know more about these accounts?

To find out more about these current accounts visit the Clydesdale Bank or Yorkshire Bank websites. Not sure which of these banks would suit you best? Use the Clydesdale Bank branch finder or Yorkshire Bank branch finder to see which might be the most convenient for you.

[1] From 15th April 2021, this offer applies to 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.

[2] In the event that you exceed your borrowing arrangements without prior agreement, a higher rate of interest will be charged on the excess borrowing. As explained in the Terms and Conditions applicable to your Account, Unplanned Borrowing that totals less than the Buffer Amount will not attract the Daily Unplanned Borrowing Fee. The Buffer Amount is detailed in the Business Banking Tariff Guide.

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