Virgin Money alternatives

The alternatives

Table notes: correct as of 8 November 2026, from each provider's own pages. Incard is first as our pick for card spend (we may earn a commission from it); the rest are alphabetical, not ranked. “Lists” means the provider's pages mention it and Virgin Money's don't.

Account	Cheapest plan	Lists, unlike Virgin Money	Compare
IncardOur pick for card spend	Free: £0 a month	a euro account, a US dollar account, cards for your team, Swiss GmbHs and AGs, Swiss sole traders	Compare Incard and Virgin Money
AirwallexE-money · safeguarded, no FSCS	Explore: £0 if you deposit or hold at least £10,000 a month, otherwise £19 (excluding VAT)	a euro account, cards for your team, Swiss GmbHs and AGs
Allica BankBank · FSCS cover	£0 a month with an average balance of £10,000 or more; otherwise £25 a month	cards for your team
AmexCredit card · no deposits held	Business Gold: £195 a year (£0 in the first year)	cards for your team
ANNAE-money · safeguarded, no FSCS	Free: £0 a month, pay for what you use	invoicing
Bank of ScotlandBank · FSCS cover	No account fee for 12 months on a business's first account, then £10 a month	a euro account
BarclaycardCredit card · no deposits held	Select Cashback: £0 a year	cards for your team
BarclaysBank · FSCS cover	Free for 12 months, then £8.50 a month	a euro account, a US dollar account
Capital on TapCredit card · no deposits held	Free: £0 a year	cards for your team
CountingupBank · FSCS cover	Free for 3 months, then £5 a month while you pay in up to £750 a month	invoicing
Danske BankBank · FSCS cover	Small Business Digital: free for 2 years for eligible new Northern Ireland businesses, then £9 a month	a euro account
Equals MoneyE-money · safeguarded, no FSCS	Business: £25 a month (£250 a year)	cards for your team, a euro account, a US dollar account
HSBCBank · FSCS cover	£0 a month	cards for your team
LloydsBank · FSCS cover	Free for 12 months for businesses new to Lloyds, then £10 a month	a euro account
Metro BankBank · FSCS cover	£8 a month, or £0 in any month your balance stays at £6,000 or more; 12 months fee-free for businesses new to Metro Bank, 31 months for full switchers	a euro account, a US dollar account, invoicing
MettleBank · FSCS cover	No fee for maintaining the account	invoicing
Monzo BusinessBank · FSCS cover	Lite: free	cards for your team, invoicing
NatWestBank · FSCS cover	No monthly fee; 2 years' free everyday banking for start-ups (turnover up to £1 million) and full switchers (turnover up to £2 million)	Nothing extra listed
PayhawkE-money · safeguarded, no FSCS	Growth program: £149 a month	cards for your team
PleoE-money · safeguarded, no FSCS	Start: £8 per user a month	cards for your team, a euro account, a US dollar account
Revolut BusinessBank · FSCS cover	Basic: £10 a month	a euro account, a US dollar account, cards for your team
RBSBank · FSCS cover	No monthly fee; 2 years of free everyday banking for start-ups (turnover under £1m) and full-switch customers (turnover up to £2m)	Nothing extra listed
SantanderBank · FSCS cover	Free for 12 months for start-ups and switchers, then £9.99 a month	Nothing extra listed
SoldoE-money · safeguarded, no FSCS	Standard: £27 a month + VAT	cards for your team, a euro account, a US dollar account
StarlingBank · FSCS cover	£0 a month	a euro account, a US dollar account
Co-op BankBank · FSCS cover	£0 a month	Nothing extra listed
TideBank · FSCS cover	Lite: £0 a month	Nothing extra listed
TSBBank · FSCS cover	Free for 30 months, then £5 a month (not charged if your average balance is £10,000 or more)	Nothing extra listed
Wise BusinessE-money · safeguarded, no FSCS	No subscription or monthly fee	a euro account, a US dollar account
WorldFirstE-money · safeguarded, no FSCS	£0 a month	a euro account, a US dollar account, cards for your team
Zempler BankBank · FSCS cover	Business Go: £0 a month	cards for your team, invoicing

What Virgin Money does well

Before you move, check that you won't lose something you use. Virgin Money suits you if:

• You want cashback on debit card spending
• You're a start-up or switcher who can use 25 months of free day-to-day banking
• Your business is in Great Britain with turnover under £6.5 million
• You pay in cash at a branch or the Post Office

Many businesses keep their existing account and add a second one for card spending. Our switching guide covers both routes.

When Incard isn't the answer

Our pick for card spend

Incard: 1% cashback on ads, software and travel, on a £0 plan

Our pick for UK and Swiss businesses whose main costs go on cards, as long as you don't need bank deposit protection.

E-money · safeguarded, no FSCS

Read Incard vs Virgin MoneyWork out your cashbackCheck eligibility

Apply for Incard on incard.co(opens incard.co in a new tab, affiliate link)

We may earn a commission if you apply.

a month on the Free plan, with team cards

£0

cashback on ads, software and travel; 0.5% on other eligible spend

1%

IBANs in three currencies

GBP, EUR, USD