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Terms and conditions

Customers who open a Virgin Money Investment Account or a Stocks and Shares ISA between 20 March 2023 and 30 June 2023 and who:

  • Are 18+;
  • Are resident in the UK;

If you are applying for the Stocks and Shares ISA, you can’t already have another Stocks and Shares ISA that you’ve subscribed to in the tax year you’re applying for (unless you are transferring this to Virgin Money as part of your application).

Apply online for a Virgin Money Investment Account or Stocks and Shares ISA, pay in at least £5,000 between 20 March 2023 and 30 June 2023, and keep it invested until 31 July 2023.

Your investment can be made by any or a combination of:

  • One off payments, by debit card;
  • Monthly payments, by Direct Debit;
  • Transferring an existing ISA or investment account from another provider.

If you transfer in an existing cash or stocks and shares ISA (or investment account) we need to receive your transfer application before 30 June 2023, and the transfer value by 29 September 2023, you will then qualify for this offer.

Offer limited to one Stocks and Shares ISA and one Investment Account per customer and each account, separately, must meet the offer criteria (if they both do then you'll get double the reward - happy days!).

Virgin Red is a rewards club that turns your everyday spending into Virgin Points.

If you meet the offer conditions, we will e-mail you a Virgin Red promo code to get 8,000 Virgin Points on us. If you haven’t already, you’ll need to join Virgin Red to get the points. It’s quick and easy to sign-up and the best bit, it’s totally free.

Join Virgin Red now Link opens in a new window

The e-mail with your promo code will be sent within 30 days from the date you meet the qualifying terms. It will be sent to the address given during your account application. The e-mail will provide instructions on how to sign-up (if you aren’t already a Virgin Red member) and redeem the promo code within the Virgin Red app or website.

You have until 31 December 2023 to redeem your promo code and claim your points - so make sure you do it before then or you’ll miss out.

After you’ve redeemed your Virgin Red promo code, the points are added to your Virgin Red account. There is no specific expiry date for using the points. Virgin Points can be spent on a wide range of exciting rewards ranging from everyday treats to extraordinary experiences and everything in between. Log in to the Virgin Red app or look at the Virgin Red website and discover all the different options.

You can spend your points however you like, in line with the terms which you can read using the link below.

Virgin Red’s programme terms Link opens in a new window

We thought we should highlight a few key things from Virgin Red’s programme terms:

  • The points don’t have a cash value and they can’t be swapped for cash or transferred to anyone else (except as set out in the Virgin Red programme terms).
  • The number of Virgin Points you can earn or the number of Virgin Points you need to spend to obtain a reward may change at any time.

Although we’ll be working closely with our friends at Virgin Red on this promotion, we aren't responsible for their terms, their marketing, or any of the offers available through Virgin Red. Just contact Virgin Red if you have any questions about these topics.

  • Applications for the Investment Account and Stocks and Shares ISA are subject to status and eligibility criteria.
  • We’ll use your personal information to help us run the offer.
  • English law applies to the offer.
  • If something goes wrong, we’ll try to fix it. If we can’t because it’s something we can’t control, or it’s not our fault, then we may have to change the offer. This includes suspending the offer or ending it early. We can make such changes without giving you notice. However, we’ll try our best to avoid making changes. And we’ll try to minimise any disappointment to you when we make changes.
  • Offer excludes transferring money from an existing Virgin Money Unit Trust Managers Ltd account (Virgin Money Stocks and Shares ISA or Unit Trust).
  • We are Virgin Money Unit Trust Managers Limited.
  • Our company number is 03000482.
  • Our registered office is Jubilee House, Gosforth, Newcastle-Upon-Tyne, NE3 4PL.

Questions and answers

Once you meet the qualifying criteria, we'll email your Virgin Red promo code within 30 days.

If you're not already a Virgin Red member, you'll need to sign up and download the Virgin Red app. Once in the app, tap Account then Promo codes to enter your unique code (you'll get this by email). 8,000 Virgin Points will then be added to your account. Happy spending!

Yes. It's quick and easy to sign-up and the best bit is, it's totally free. You need to be a Virgin Red member to use Virgin Points, so you'll need to sign-up to Virgin Red before you can start spending them.

The great news is that Virgin Points don't expire. However, your Virgin Red promo code will expire on 31 December 2023. Make sure you redeem your Virgin Red promo code before it expires.