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Account fees

ServiceFee
Monthly Fee for Maintaining The AccountNone
Cash withdrawal in pounds in the UKFree* 
Maximum £500 per day (subject to account balance)Whilst we won't charge you, some ATM providers may apply a charge. You'll be notified of this before you go ahead with the withdrawal.
Cash withdrawal in foreign currency outside the UKFree *Whilst we won't charge you, some ATM providers may apply a charge. You'll be notified of this before you go ahead with the withdrawal.
Within the EEA:
Currency is Euro, Swedish Krona or Romanian Leu - No fee
All remaining currencies:
3.75% of transaction value, min £1.50
Debit card payment in a foreign currencyFree *Choosing to pay in local currency instead of pounds will help you avoid dynamic currency conversion fees and you'll often get a better exchange rate.
Within the EEA:
Currency is Euro, Swedish Krona or Romanian Leu - No Fee
All remaining currencies:
2.75% of transaction value, min £1.50
CHAPS outward payment£25.00
Refusing A Payment Due To Lack Of Funds Fee
We don’t offer an Arranged Overdraft on this account. In certain situations, we may give you a temporary Unarranged Overdraft (see your terms for details). We don’t charge interest or fees for that borrowing and there’s no fee if we refuse a payment due to lack of funds.
None

You'll find full details of our fees in the M Account Fee Information Document.

The interest you earn on your current account

We don’t pay interest on your M Account.

BalanceGross rate2 (%)AER1 (%)
On all balances0.000.00

When we talk tax

The terms we use are based on current understanding of UK taxation. We're always reviewing our website to make sure that anything we say about tax is up to date.

  1. AER. The AER (or Annual Equivalent Rate) is the equivalent rate if interest was paid and compounded once a year.
  2. Gross rate. This is interest we pay without deducting income tax.

    We don't deduct tax from any interest we pay you. If your interest is over your Personal Savings Allowance, you'll have to pay any tax directly to HM Revenue and Customs. It'll depend on your circumstances and it might change in the future. For more information please visit, www.gov.uk2.

Overdraft interest rates

We don’t offer an Arranged Overdraft on this account. In certain situations, we may give you a temporary Unarranged Overdraft (see your terms for details). We don’t charge interest or fees for that borrowing and there’s no fee if we refuse a payment due to lack of funds.

Debit card transactions and limits

Transaction TypeRetailer/ ATM locationCurrencyFees
Debit Card Cash withdrawalWithin the EEA (including UK)Currency is Pound Sterling, Euro, Swedish Krona or Romanian LeuFee not chargedWhere a foreign purchase transaction is refunded by a retailer, the purchase transaction amount will be credited back to the account based on the exchange rate on the day of refund. Any fee charged for the original transaction will not be refunded. For any Foreign Transaction reversals, any fee charged will be reversed.
All remaining currencies3.75% of transaction value, min £1.50
Outside the EEAAll currencies (including Pound Sterling)3.75% of transaction value, min £1.50
Debit Card PaymentsWithin the EEA (including UK)Currency is Pound Sterling, Euro, Swedish Krona or Romanian LeuFee not charged
All remaining currencies2.75% of transaction value, min £1.50
Outside the EEAAll currencies (including Pound Sterling)2.75% of transaction value, min £1.50

Countries within the EEA

Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czehc Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy,Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the UK

Debit card withdrawal limits

ServiceCashDebit card payments in a foreign currency
Debit Mastercard® Online Contactless£350£5,000
Debit Mastercard Online Non-Contactless£350£5,000

If you are unsure as to your debit card type (limits), please refer to your card carrier or Store.

Daily cash limits apply to withdrawals in the UK or abroad. Higher cash amounts may be available over a bank counter. International purchase limits apply if a card is used outside the UK. Other limits may apply to certain types of transactions from time-to-time.

Charges for our most common additional services

ServiceCharge
Bankers draft (up to & including £100,000)£30.00 per draft
Duplicate Statement Fee (if you have opted out of receiving paper statements then no fee will be charged)£5.00 per statement

Collections department

If we need to involve our collections department you must pay us for all reasonable costs and expenses which we incur as a result. These could include any costs incurred by us on correspondence or taking steps to trace you or recover money you owe (including legal costs). Further details are available on request from your branch.

Receiving money from outside the UK

Transaction typeCurrencyFee
SEPANo charge
SWIFTAll Currencies including Sterling up to £100 (or equivalent)No Charge
All Currencies including Sterling over £100 (or equivalent)£7.00
Copies of confirmations/ advicesN/A£5.00 per item

How to open a linked M Saver Account

You may only open an M Saver if you have the M Account with us in the same name(s).

The M Saver will stay open, as long as the M Account is maintained as described in the Terms.

You can open a linked M Saver from the VM mobile app, online, in Store or call us on 0800 121 7365. One of our team would be delighted to help you.

There are no minimum or maximum balance restrictions or need to pay in on a regular basis. The M Account is available to anyone from the age of 16. Subject to status.

When we're talking about our current accounts, we have to use certain words and phrases to describe key things (like your Arranged Overdraft). You can find them in our Glossary of Terms.

Protecting your money

As we are covered by the Financial Services Compensation Scheme, your eligible deposits with Virgin Money are covered up to £85,000 per person.

View the FSCS guarantee

Need more help?

See the answers to the questions we get asked most.

Read FAQs

Supporting the needs of all our customers

Since you have a current account with us, there are some key ways we support you when you need us.

So we can send you to the right information for your account, please select the relevant sort code. You can find the sort code of your account on your debit card or in the Virgin Money App.

My account sort code starts with 82

My account sort code starts with 05

Fancy a chat?

Our team is here to answer your questions, talk through your needs and help you through the process.

Go to contact details