How do we compare?
Clydesdale Bank, Yorkshire Bank and Virgin Money are now one bank. It means that as well as the Virgin Money Current Account, we can also offer you Clydesdale Bank and Yorkshire Bank current accounts too.
Whichever you choose, you get a debit card and a cheque book (if you want one), as well as phone, app and internet banking.
| Account features | Virgin Money Current Account | Clydesdale Bank or Yorkshire Bank Signature Current Account | Clydesdale Bank or Yorkshire Bank Current Account Control |
|---|---|---|---|
| Monthly Fee for Maintaining The Account | £0 | £13.50 | £7.50 |
| Minimum age | 181 | 18 | 18 |
| Manage in app | Yes | Yes | Yes |
| Apple Pay | Yes | Yes | Yes |
| Google Pay | Yes | Yes | Yes |
| Interest paid on credit balances | up to £2,000 | n/a | n/a |
| Linked savings account | Yes (Compulsory) Yes (Compulsory) | Yes | Yes |
| Arranged OverdraftArranged Overdraft - This is a borrowing limit on your account that we agree with you in advance, so it's there when you need it. You'll pay Arranged Overdraft interest on the amount you choose to use. (Subject to status. Charges apply) | Yes | Yes | Yes |
| Unarranged OverdraftUnarranged Overdraft - This is where you borrow from us when there is no money left in your account (or when you have gone past your Arranged Overdraft limit) and this has not been agreed with us in advance. You will pay Unarranged Overdraft interest. (Charges apply) | Yes | Yes | n/a |
| Refusing A Payment Due To Lack Of Funds Fee | Yes | Yes | n/a |
| Fee cap (maximum fee) | n/a | Yes2 2 | n/a |
| Monthly cap on Unarranged Overdraft charges (also known as Monthly Maximum Charge) | Yes3 3 | Yes4 4 | n/a |
| Offset mortgage facilitiesAn offset mortgage facility allows you to link your eligible current or savings accounts to your offset mortgage, reducing the amount of interest you are charged. | Yes | Yes | Yes |
| Financial Services Compensation Scheme cover | Up to £85,000 | Up to £85,000 | Up to £85,000 |
| Worldwide travel insurance Provided by American International Group UK Limited | n/a | Yes | n/a |
| UK breakdown cover Provided by Green Flag and underwritten by U K Insurance Ltd | n/a | Yes | n/a |
| Mobile phone insurance Provided by Lifestyle Services Group Ltd and underwritten by Assurant General Insurance Ltd | n/a | Yes | n/a |
| Gadget insurance Provided by Lifestyle Services Group Ltd and underwritten by Assurant General Insurance Ltd | n/a | Yes | n/a |
| ID Defender Provided by Lifestyle Services Group Ltd | n/a | Yes | n/a |
| My Signature RewardsMy Signature Rewards gives you access to offers and discounts on certain travel, leisure and shopping. | n/a | Yes | n/a |
Some other accounts available
If you're 16 or over and we're unable to offer you one of our standard current accounts for any reason, this basic bank account may be a good alternative for you. This account may also be an option for customers experiencing financial difficulties.
If you're earning at least £75,000 a year, or you've a joint income of £100,000 or you have investable assets of £100,000 you could go for the Private Current Account. There's a monthly fee of £25 for maintaining your Private Current Account, which gives you access to a named private account manager. Subject to status and eligibility. Terms apply.
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.
Back to the Virgin Money Current Account[1] If you're 16 or 17, you can open our account in some of our stores - please phone us on 0800 678 3654 and we'll tell you which ones. We're here Monday to Friday 8am - 8pm, Saturday 9am - 5pm, Sunday 10am - 5pm. Calls may be recorded for training and quality purposes.
[2] We have a fee cap of £100.00 per calendar month. This Fee Cap means that you'll never pay more than £100.00 per calendar month in Monthly Arranged and Daily Unarranged Overdraft Fees, and Refusing A Payment Due To Lack Of Funds Fees. The cap does not apply to debit interest which is charged at the rate shown in the Tariff.
[3] The Monthly Maximum Charge (MMC) is a monthly cap on Unarranged Overdraft interest and Refusing A Payment Due To Lack Of Funds Fees. The MMC is the most you'd pay each month in such interest and fees combined.
1. Each current account will set a monthly maximum charge for:
(a) going overdrawn when you don't have an Arranged Overdraft; or
(b) going over/past your Arranged Overdraft limit (if you have one).
2. This cap covers any:
(a) interest for going over/past your Arranged Overdraft limit; and
(b) fees for each time we Refuse A Payment Due To Lack Of Funds.
[4] We have a monthly cap on Unarranged Overdraft charges. This means you'll never pay more than the cap per month in Daily Unarranged Overdraft and/or Refusing A Payment Due To Lack Of Fund Fees.
Each current account will set a monthly maximum charge for:
(a) going overdrawn when you do not have an Arranged Overdraft; or
(b) going over/past your Arranged Overdraft limit (if you have one).
The cap covers any:
(a) interest and fees for going over/past your Arranged Overdraft limit;
(b) fees for each payment your bank allows despite lack of funds; and
(c) fees for each payment your bank refuses due to lack of funds.
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