Independent BankAdvisor review
Virgin Money Overview
Virgin Money offers UK current accounts, linked savings, credit cards, mortgages, personal loans, insurance and app banking. It is now part of Nationwide Building Society, which makes FSCS licence grouping an important point for savers to check.
Editorial Review
Last reviewed: 30 June 2026
Key Features
| FSCS Protection | Yes - eligible deposits are protected up to the current FSCS limit per person, per authorised firm. |
| Monthly Fee | M Plus-style current account: usually £0. Club M packaged account: monthly fee applies. |
| Branch Network | Virgin Money has UK branch support, though customers should check local availability and any changes during the Nationwide transition. |
| Mobile App Rating | Generally good app ratings on the main app stores; check current listings before applying. |
| Savings | Online savings, fixed-rate, ISA, limited-access and M Plus linked saver options are available, with rates varying by product and balance. |
| Spending Abroad | Non-sterling debit card fees can apply; check current terms before travelling. |
| Packaged Account | Club M offers packaged benefits for a monthly fee, subject to eligibility and insurance terms. |
| Apple Pay / Google Pay | Supported for eligible cards and devices. |
Virgin Money at a Glance
- Virgin Money offers fee-free and paid current accounts, including M Plus-style current accounts and Club M packaged accounts. Features can include linked savings, app banking, debit cards, credit products and branch support. Customers with deposits across Virgin Money and Nationwide should check FSCS coverage carefully because licence groups matter.
Virgin Money Services
Virgin Money provides current accounts, linked savings, Cash ISAs, credit cards, personal loans, mortgages, insurance, app banking, online banking and branch support. Club M packaged accounts can include insurance benefits for a monthly fee, subject to eligibility and policy terms.
May suit
- OKM Plus-style current account options can have no monthly fee
- OKPackaged Club M account available for customers who value insurance benefits
- OKLinked saver options can be useful for current account customers
- OKApp, online and branch support available
- OKEligible deposits are FSCS protected, subject to licence-group limits
- OKBroad product range including credit cards, loans and mortgages
May not suit
- !Club M carries a monthly fee
- !Overseas debit card fees can apply
- !Virgin Money is part of Nationwide, so savers should check FSCS licence grouping
- !Customer review scores can be mixed
- !Product range and account names can feel complex
- !People who want app-first budgeting tools above branch access
Our Assessment of Virgin Money
Virgin Money is worth comparing for customers who want a current account with linked savings and the option of packaged-account benefits. It may not suit customers who want the simplest product range or the strongest customer review scores.
Continue Reading
Continue with the Complete Virgin Money Review
You've read the summary. Our Complete Review examines the account in much greater detail, helping you understand how it performs in everyday banking before you decide.
- Detailed feature analysis
- Fees and charges explained
- Everyday banking experience
- Account strengths and limitations
- Protection and eligibility
- Comparison with similar UK banks
How We Compare Digital Banks
Virgin Money sits between traditional high street banking and a more benefits-led current account proposition. Compared with Nationwide it now shares ownership context, while compared with digital banks it offers more branch-backed services but usually less fee-free travel value.
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The information on this website is provided for general guidance only and may not always reflect the latest fees, rates, or terms offered by each bank. While we do our best to keep content accurate and up-to-date, you should always check the bank's official website or app before applying for an account. Nothing on this site constitutes financial advice.
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