CYBG bought Virgin Money and then rebranded Yorkshire and Clydesdale Bank as Virgin Money.
They have a million different systems for different accounts as they havenât really merged much together yet (who knows if they will if the Nationwide deal goes ahead).
Even weirder you can switch from an existing Virgin account!
Fully switch an existing current account from another provider (this includes a Virgin Money Current Account (opened with Northern Rock), and the Virgin Money Essential Current Account), using the Current Account Switch Service,
I was briefly with Virgin Money (after they got bought) and didnât have any issues apart from the saving account not closing when the current account was switched out (the terms said this was meant to happen, and support agreed). Donât really see the harm in switching to them and just leaving a grand in there for a year. Canât imagine much going wrong.
Initially I thought âWOW, thatâs a pretty great offer from them!â then did some quick mathâs and it doesnât seem worth it. Especially as Virgin is my current donor account for when I next do a switch offer. Missed the last lot due to a combination of slothfulness and poor planning!
My choice at the moment is between ÂŁ50 from Virgin and ÂŁ200 from Danske. And the Danske one only needs ÂŁ1000 in and out, no DDs. Sometimes itâs handy to live in NI
Going by my experience youâd need more than that for Danske. Application in over a week ago and Iâve yet to receive any login details. Strangely, even though I ticked the âswitch an accountâ button, they have yet to ask for details of the account or indeed what bank it is.