Is Virgin Money right for me?
Important: This guide provides general information, not personalised financial advice. Financial products, rates and eligibility rules can change, so check the provider’s current terms before applying. You can check a firm’s details on the FCA Register.
Quick answer
Virgin Money could suit you if you want a free everyday account with no fees abroad, branch access and exclusive savings. It’s less likely to fit if you already keep a lot with Nationwide, since FSCS cover is shared.
Virgin Money at a glance
| Question | What we found |
|---|---|
| Monthly fee? | £0 (M Plus) or £14 (Club M) |
| Fees abroad? | None from Virgin Money |
| Current account interest? | 1.00% AER up to £1,000 |
| FSCS? | Shared with Nationwide |
| Business account? | Yes, £0 monthly fee, 0.25% cashback |
Figures as of 4 October 2026, taken from the provider’s own website. Rates and fees can change. This is general information, not a recommendation.
Who it’s for
- You travel and want no bank fees abroad
- You’d use the linked saver and exclusive ISA
- You run a small business and want card cashback
Who should skip it
These are general points to weigh up, not advice. You may want to look elsewhere if:
- You hold over £120,000 across Nationwide and Virgin Money
- You want a switch bonus
Full explanation
If you travel a few times a year, a no-fee card can save the 2.99% that some banks charge. Our travel money guide explains the options.
The catch
Double Take accounts allow just two withdrawals a year.
Read the full Virgin Money page or check its site.
These go straight to each provider’s own website. They aren’t referral links and we don’t earn from them.
FAQs
Is Virgin Money good for travel?
It charges no fees of its own for card use abroad, as of 4 October 2026. ATM operators may charge.
Is Virgin Money the same as Nationwide?
It’s part of Nationwide but still a separate brand with its own accounts.
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