Provider profileLast checked 8 November 2026
Virgin Money Business Current Account
A business current account for businesses in Great Britain with turnover under £6.5 million, with 0.35% debit card cashback and 25 months' free day-to-day banking for eligible start-ups and switchers.
- Cheapest plan
- 25 months' free day-to-day banking for eligible start-ups and switchers, then £6.50 a month
- Available in
- UK
- Your money
- Bank · FSCS cover
What it is
Nationwide Building Society, trading as Virgin Money, authorised by the PRA and regulated by the FCA and PRA (registration number 106078).
How your money is protected
Eligible deposits are protected up to £120,000 by the FSCS. Deposits with Virgin Money and Nationwide are added together for that limit.
Our e-money vs bank account guide explains what this means if a provider fails.
Who can open one
Sole traders, partnerships, limited companies and LLPs with annual turnover under £6.5 million, based and operating in the UK but not the Channel Islands, Isle of Man or Northern Ireland, with an owner, director, senior manager or signatory aged 18 or over. Clubs, charities and societies use other accounts, and businesses with bearer shares, a disqualified director or a bankrupt applicant can't apply.
Headline fees
| Fee | Detail |
|---|---|
| Monthly fee | £6.50 after the 25-month free banking offer |
| Automated payments in or out (Direct Debits, standing orders, Faster Payments, payments in) | £0.30 each on the standard tariff |
| Branch or Post Office transactions | £0.70 per debit or credit |
| Cash paid in or out at a branch or Post Office | £0.65 per £100 |
| Cheques paid in | £0.30 each |
| CHAPS | £17.50 in Business Internet Banking, £25 in store |
| SWIFT international payments | £17.50 in Business Internet Banking, £25 in store; SEPA free |
| Debit card payments in other currencies | No fee in GBP, EUR, SEK or RON in the UK and EEA; otherwise 2.75% (minimum £1.50) |
| Debit card cashback | 0.35%, capped at £500 a year per card |
Limits worth knowing
- Free banking is for start-ups opening their first account within 12 months of trading and new customers switching their main account, with turnover under £6.5 million. It excludes international and CHAPS payments and has a £250,000-a-year cash limit.
- The account page says UK bank transfers have no payment charges, but the tariff guide lists £0.30 per Faster Payment on the standard tariff.
- Post Office cash deposits are capped at £10,000 a day and £250,000 a year.
- Debit card cash withdrawals are limited to £700 a day.
How it compares
- Incard vs Virgin MoneyFees, cashback, foreign currency, protection and eligibility side by side.
- Virgin Money alternativesAccounts to look at if Virgin Money doesn't cover what you need.
See all the accounts we've researched.
Our pick for card spendIncard: 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.
Read Incard vs Virgin MoneyWork out your cashbackCheck eligibility
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
Check Virgin Money Business Current Account's current terms
Fees and eligibility can change. Confirm them on the provider's own site before you apply.
Sources
All checked on 8 November 2026. Where a provider's help centre or legal terms differ from its marketing pages, we follow the help centre and terms.