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Who is it for?

If you're looking for a fee-free bank account, our Essential Current Account could be perfect for you.

It's a basic bank account that’s open to everyone. You can have salary, Universal Credit or other income paid in and manage your bills easily, with no charges.

Who can open an account?

  • You must be 18 or over and resident in the UK or EU.
  • You can open an account on your own or as a joint account.
  • We can open an account for you if you are currently bankrupt or have experienced financial difficulty.
  • We accept applications from people with no credit history or a poor credit history, as the account has no overdraft facility.

To open this account a new customer will need to provide us with the following documents and information: 2 pieces of ID and 3 years address history. Find out about the documentation we accept.Link opens in a new window (PDF, 127KB)

We may request additional information or documents in individual cases.

You can open this account:
Without visiting a branchNo
Where a visit to a branch is required, without an appointmentIn some cases
By sending us documents and information electronicallyNo
By postNo

What does it offer?

  • Every day access to your money in our Virgin Money Stores, Post Office branches and at most UK cash machines*.
  • Debit card with contactless functionality and a cash withdrawal limit of £500 per day in the UK.
  • No arranged or unarranged overdraft, which means no overdraft fees to worry about.
  • No other hidden charges or fees, so you always know where you stand.
  • Earn monthly interest on your balance.

How to apply

  1. Find your local Store to book an appointment.
  2. Bring 2 pieces of IDLink opens in a new window and 3 years' address history to your appointment.
  3. If accepted, your debit card will be sent within 5 working days, followed by your PIN number.

Enjoy Virgin Money customer benefits

Get all the perks of being a Virgin Money customer including free use of our Lounges and offers around the world of Virgin.

Looking to Switch?

It’s quick and easy to transfer your existing UK current account to us using the Current Account Switch Service. We can transfer the balance and any Direct Debits and standing orders from your old account to us in just seven business days.

Current Account Switch Guarantee

The service is completely free and backed by an industry-wide Current Account Switch Guarantee to ensure the move goes smoothly.

If you’re interested in switching, speak to the team at your local Virgin Money Store.

Current Account Switching Guide

Your money is safe


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

View the FSCS guarantee

Rates are effective from 19.09.16. The rate of interest is variable, so it could go up or down, is paid gross and monthly. Gross is the rate of interest earned before income tax is deducted. Automatic deduction of tax on interest stopped on 6 April 2016. However, you may be liable to pay income tax on the interest you have earned, depending on your personal circumstances. Please contact HMRC or your applicable tax authority outside of the UK for further information or visit opens in a new window  AER stands for Annual Equivalent Rate. It shows what the interest rate would be if interest was added each year to the account balance (including any interest already earned that year).

* Some cash machines may charge you for withdrawals. This will be shown on screen with an option to cancel the withdrawal.

 Link opens in a new window