Virgin Money logo

    Virgin Money switch bonus

    Virgin Money's switch incentives often come as bundles — a linked saver, a gift, or a Virgin Red reward rather than plain cash.

    The Virgin Money offer right now

    Checking the latest offers…

    See all live offers

    Offer details are refreshed automatically every Monday from MoneySavingExpert's best bank accounts guide. Always confirm the terms with the bank before switching.

    Who is eligible for the Virgin Money switch bonus?

    Banking group: Virgin Money (Nationwide-owned). Bonuses are normally once per group, so check your history with every brand in it.

    • Two or more direct debits normally need to move across with the switch.
    • Some offers require opening a linked saver or registering for a rewards programme.
    • No recent Virgin Money current account or previous incentive.
    • A full CASS switch inside the offer window.

    Short of direct debits? Read how to set up direct debits for a switch or set up a £1/month Switchy direct debit in a couple of minutes.

    Virgin Money switch timeline

    1. Day 0

      Open the new account and start the switch using the Current Account Switch Service (CASS).

    2. Day 1–3

      The new bank confirms your switch date and requests your balance, direct debits and standing orders.

    3. Day 7

      Switch completes. Payments in and out are redirected automatically for at least three years.

    4. Day 7–60

      Meet the pay-in, card spend and direct debit conditions inside the offer window.

    5. After the window

      The bank checks the criteria and pays the bonus, usually within 30 days.

    How to switch to Virgin Money

    1. Check you are eligible — most Virgin Money bonuses exclude anyone who has held an account with the same banking group recently or claimed a switch bonus before.
    2. Make sure the account you are switching away from has the required number of active direct debits. A £1/month Switchy direct debit is the simplest way to top these up.
    3. Apply for the qualifying Virgin Money account online or in the app, and choose the full switch option rather than opening the account on its own.
    4. Give your old account details, pick a switch date, and let CASS move your balance, direct debits and standing orders.
    5. Complete the offer conditions — the minimum pay-in, any debit card payments, and registering for mobile or online banking.
    6. Keep the account open until the bonus lands, then decide whether to stay or switch again.

    Before you switch to Virgin Money

    Compare other banks

    Monday offer alerts

    Get new switch offers in your inbox

    We check the market every Monday. When a bank launches a new switch bonus or increases an existing one, you'll get one short email — nothing else.

    One email a week at most. Unsubscribe with one click from any email.

    Need direct debits for your Virgin Money switch?

    Set up a £1 monthly direct debit with Switchy and tick off the requirement most people fall short on.

    Set up your Direct Debit now