Everyday Go Account | Virgin Money Australia (2023)

  1. You will earn 8 Virgin Money Points for any debit card purchase, direct debit or BPAY payment on your Virgin Money Go Account if you have met your Monthly Criteria in the previous month. The Monthly Criteria vary by age and includes a minimum deposit and minimum number of transactions each month that must be made into a Virgin Money Go Account that is issued in the same name. Monthly Criteria:

    - If you are 25 years and older, deposit $2,000 or more into your Go Account from another financial institution (such as your salary), and make at least 5 debit card purchases, direct debits or BPAY payments in the previous month which settle in that month (not pending)
    - If you are between 18 and 24 years, deposit $1,000 or more into your Go Account from another financial institution (such as your salary), and make at least 5 debit card purchases, direct debits or BPAY payments in the previous month which settle in that month (not pending)
    - If you are between 14 and 17 years, no Monthly Criteria apply in order to earn the benefit.

    For customers who open a Virgin Money Go Account jointly with another person, the points will be split and evenly allocated to both joint account holders of that account once the Monthly Criteria has been met. For further information refer to ourVirgin Money Rewards terms and conditions.

  2. The Virgin Money Boost Saver Highest Variable Interest Rate is made up of a Base Rate of Interest 0.05% p.a. plus a Bonus Interest Rate of 4.25% p.a. when the Monthly Criteria are met (outlined in the full terms and conditions) on the Virgin Money Go Account in the previous month.

    The Virgin Money Boost Saver Bonus Interest Rate applies up to the aggregate balance of $250,000 across all Boost Savers that are held in the same name. It is applicable for any month, where the Monthly Criteria were achieved on your Go Account in the immediately preceding month. The Monthly Criteria below must be made into a Virgin Money Go Account that is in the same name as your Boost Saver:

    - If you are 25 years and older, deposit $2,000 or more into your Go Account from another financial institution (such as your salary), and make at least 5 debit card purchases, direct debit or BPAY payments in the previous month which settle in that month (not pending)
    - If you are between 18 and 24 years, deposit $1,000 or more into your Go Account from another financial institution (such as your salary), and make at least 5 debit card purchases, direct debit or BPAY payments in the previous month which settle in that month (not pending)
    - If you are between 14 - 17 years, no Monthly Criteria apply in order to earn the Bonus Interest Rate.

  3. Subject to the terms and conditions of the Virgin Money Rewards program available here.

  4. The Grow Saver Bonus Interest Rate is unlocked for any calendar month where the below criteria are met during that month:

    -Make at least 1 deposit into your Grow Saver; and
    -Make no more than 1 withdrawal (including any internal transfers or Pay Someone transfers) out of your Grow Saver

  5. Welcome Offer Criteria: New Virgin Money Go Account customers will receive 10,000 Bonus Virgin Money Points when they make ten (10) debit card purchases, or direct debits to the value of $2 or more from their Virgin Money Go Account in the first 60 days from account opening. Debit card purchases must settle in the first 60 days from account opening (not pending). BPAY payments, cash withdrawals, deposits, refunds, reversals or credits to the Virgin Money Go Account, Pay Someone payments and internal transfers are excluded. For customers who open a Virgin Money Go Account jointly with another person, the Bonus Points will be split and evenly allocated to both joint account holders of that account once the Welcome Offer Criteria have been met. Virgin Money reserves the right to amend or withdraw this offer at any time without notice. A new customer is any person who does not currently or has not previously held a Virgin Money Go Account or Virgin Money Grow Saver. Offer ends 31 March 2023. For further information on the Virgin Money Rewards Program refer to ourterms and conditions.

  6. Round-ups are transfers that you can elect to activate on your Go Accounts. By enabling this feature on your Go Account, funds are transferred from the selected Go Account to your nominated savings account each time you make a debit card transaction. The amount of the transfer will be up to the nearest $1 of the amount that the transaction takes place. Round-up transactions will not take place if by making the transaction your account would be Overdrawn. You can disable the round-up feature through the Mobile app at any time.

  7. Click here for a list of compatible Apple Pay devices

  8. Samsung Pay is only compatible with selected Samsung devices. For full list of compatible devices, click here.

  9. Google Pay is a trademark of Google LLC.Google Pay is currently only available on the Virgin Money Go account. It is not available on Virgin Money credit cards.

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  10. For customers who open a Virgin Money Go Account jointly with another person, points earned on purchases, direct debits or BPAY payments will be split and evenly allocated to both joint account holders of that account. Any Bonus Points you earn through meeting conditions of a special offer that is made to you will not be split and the full amount of Bonus Points will be allocated to you.

  11. Virgin Money Australia is a division of Bank of Queensland Limited, the issuer of the transaction and savings accounts. Under the Australian Government’s Financial Claims Scheme (FCS), the Financial Claims Scheme limit of $250,000 applies to the total sum of deposits held by an account holder under one banking licence. As part of the BOQ Group, deposits held with Virgin Money (Australia), Bank of Queensland, Me Bank and Bank of Queensland Specialist are covered by the FCS to the maximum limit of $250,000 per account holder. For example, if you have a VMA deposit account and a BOQ deposit account, the FCS applies to the combined value of these accounts to the maximum limit of $250,000.

  12. From time to time we may offer you the ability to earn Bonus Points or other benefits with selected partners. Specific offer terms will be set out individual conditions at the time the offer is made to you.

  13. Earn 5,000 Bonus Virgin Money Points when you introduce a Successful Referral who meets the Welcome Offer Criteria. Welcome Offer Criteria is subject to change. To view the current offer and criteria click here. A successful referral must meet the following criteria: Any referred individual must be

    · a person who has at no time previously held a Virgin Money Go Account or Virgin Money Grow Saver and who:

    · has used a unique referral link that is provided by Virgin Money as part of the Refer a Friend program which was shared by you.

    Bonus Points will be allocated within 5 business days to you and your friend once your friend meets the eligibility criteria. While there is no limit to the number of friends you can refer under our Refer-a-Friend program, you will only receive Bonus Points for the first five (5) successful referrals you made in any month. A successful referral only qualifies you to receive one lot of 5,000 Bonus Points, irrespective of whether the person opens a single or a joint account. This offer cannot be used in conjunction with any other offer codes.

    IMPORTANT: Please share your referral link responsibly and only refer close friends and family who might be genuinely interested in a Virgin Money Go Account. Specifically, you must not “spam” other individuals to open a Virgin Money Go Account via unsolicited email, direct mail, newsgroups, message boards, or any other means for purposes of referring a friend. You will only make direct referrals without using any merchant site, keyword bids, black hat SEO, paid advertisements (e.g., pay per click), or other similar methods. You must comply with all applicable laws and regulations, including without limitation those related to the Spam Act 2003 (Cth), trademark, and privacy laws.

    We reserve the right to disqualify you from participating in any referral promotions if, in our reasonable opinion, you violated any of these terms, and you will forfeit all Virgin Money Points that have been allocated to your Points balance. We reserve the right to amend or withdraw this offer at any time without notice, provided that any Points that you have earned prior to such change or withdrawal will be subject to the terms that were in effect at the time it was earned.

  14. You may redeem your points for a cash amount in AUD to be credited to your Virgin Money Go Account, Virgin Money Boost Saver or Virgin Money Grow Saver. Once the funds have been credited to an account they cannot be reversed to Points.

  15. Pay with points is available for eligible transactions made within the last 90 days. The full list of eligible transactions can be found in the Virgin Money Rewards Terms and Conditions. You must have sufficient points to be able to redeem the total value of the purchase through Pay with points. If you redeem your points, we will credit a cash amount equal to the selected transaction into your Virgin Money Go Account. Once the funds have been credited to an account, they cannot be reversed to points.

  16. Gift Cards or Vouchers are administered by Ascenda Australia Pty Ltd and are subject to the Ascenda Terms and Conditions. Requested Gift Cards are subject to separate terms and conditions made available at the time of requesting the Gift Card. Once points have been redeemed for a Gift Card, the Gift Card cannot be returned. Expiry dates will apply.

  17. Subject to any conditions we may specify from time to time, you can transfer any Virgin Money Points that you hold in your Rewards Account to another person's Reward Account, provided they have registered for the Virgin Money app.

  18. Offer available while stocks last and limited to one case per household. Valid for new Virgin Wines customers only. Cannot be used in conjunction with any other Virgin Wines offer. $138 savings and free delivery applies to mixed case only – worth $258. RRP of the reds case is $ 249 with savings of $129. RRP of the whites case is $251.97 with savings of $131.97. RRP is as provided by the wineries at time of printing this offer. If a wine becomes unavailable, a similar wine of equal or greater value will be supplied. If you are unhappy with the substitute you can request a refund. Wine chiller bag is available until sold out. All wines are covered by our guarantee - If you don’t like a wine for any reason Virgin Wines will refund you in accordance with our terms and arrange to collect the wine at our cost. No sale contract is formed, and your order is not accepted until we dispatch the product(s) to you. You must be 18 years of age or over to order wine from this site. Wine will not be delivered to persons under the age of 18 years. We do not deliver to parcel lockers and unfortunately, due to rising delivery costs and current liquor laws we are unable to deliver to the Northern Territory. Most orders are fulfilled within a week, but please allow a few extra days if you live in a remote area. Our full terms and Conditions of sale apply to this offer and are available here: www.virginwines.com.au/terms or call us on 1300 712 870. © 2021 Wine People Pty Ltd. LIQP770016550. Level 2, 407 Elizabeth Street, Surry Hills, NSW 2010. All rights reserved.

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  19. Standard 12 month membership prices start from $1,872 (more information on memberships is available onVirgin Active’s website). Partner terms and condition apply. To view terms and conditions relating to this corporate offer, and Virgin Active’s standard 12 month membership terms,click here.

  20. Earn 5,000 bonus Virgin Money Points when you open your first Virgin Money Go Account and meet the Welcome Bonus criteria:

    (2) make at least one debit card transaction that is settled (not pending), direct debit or BPAY payment on your Virgin Money Go Account in the first 30 days of account opening; and
    (3) you must a person who does not currently or has not previously held a Virgin Money Go Account or Virgin Money Grow Saver

    By opening an a new Virgin Money Go Account and using the unique referral link that was shared by the referrer as part of the Refer a Friend program, and provided you meet the Welcome Bonus Criteria, the person who referred you may be eligible to earn a referral bonus of 5,000 Virgin Money Points. If you already have the Virgin Money app, you can open a new Go Account via the app and manually enter the referral code shared by the referrer.

    For customers who open a Virgin Money Go Account jointly with another person under the Refer a Friend program, we will only award one lot of 5,000 Bonus Points and the points will be split and evenly allocated to both joint account holders of that account once the successful referral criteria have been met. This offer cannot be used in conjunction with any other offer codes. Virgin Money reserves the right to amend or withdraw this offer at any time without notice.

  21. Hotel booking made through the Virgin Money Rewards Program are operated by Ascenda Australia Pty Ltd and subject to Ascenda’s additional Booking and Travel Terms. Individual hotel bookings may be subject to further terms and conditions stipulated by Ascenda’s travel partners. These additional terms will be made available to you by Ascenda at the time the relevant booking is made. Points earned from making a Hotel Booking will be credited to your account within24 hours after the completion of your hotel stay.

  22. Virgin Money Australia is a division of Bank of Queensland Limited, the issuer of the transaction and savings accounts. Under the Australian Government’s Financial Claims Scheme (FCS), the Financial Claims Scheme limit of $250,000 applies to the total sum of deposits held by an account holder under one banking licence. As part of the BOQ Group, deposits held with Virgin Money (Australia), Bank of Queensland, Me Bank and Bank of Queensland Specialist are covered by the FCS to the maximum limit of $250,000 per account holder. For example, if you have a VMA deposit account and a BOQ deposit account, the FCS applies to the combined value of these accounts to the maximum limit of $250,000.

  23. Virgin Money reserves the right to amend or withdraw these offers at any time without notice. To be eligible for points you must access the partner site through the link provided in the application. GST, delivery costs and products that are returned do not contribute to the purchase amount that is eligible for points. These offers cannot be used on conjunction with any other offer. Excludes voucher codes, gift cards, cashback and coupon deals.

  24. Gift Card value correct as at 30 September 2022 and subject to change without notice. Gift Cards or Vouchers are administered by Ascenda Australia Pty Ltd and are subject to the Ascenda Terms and Conditions. Requested Gift Cards are subject to separate terms and conditions made available at the time of requesting the Gift Card. Once points have been redeemed for a Gift Card, the Gift Card cannot be returned. Expiry dates will apply.

  25. Welcome Offer Criteria: Offer ends 31 May 2022. New Virgin Money Go Account customers will receive 20,000 bonus Virgin Money Points when they spend $100 or more in the first 30 days on their debit card (settled transactions, not pending) from account opening. Excludes direct debits and BPAY payments. For customers who open a Virgin Money Go Account jointly with another person, we will only allocate one lot of 20,000 bonus points and the points will be split and evenly allocated to both joint account holders of that account once the Criteria have been met. Virgin Money reserves the right to amend or withdraw this offer at any time without notice. Offer cannot be used in conjunction with any other offer. For further information on the Virgin Money Rewards Program refer to ourterms and conditions.

  26. New Referees will receive 10,000 Bonus Virgin Money Points when they open their first Virgin Money Go Account before 31 March 2023 and meet the Welcome Offer Criteria:

    (1) Make ten (10) debit card purchases, or direct debits to the value of $2 or more from their Virgin Money Go Account in the first 60 days from account opening. Debit card purchases must settle in the first 60 days from account opening (not pending); and

    (2) Must not currently or have not previously held a Virgin Money Go Account or Virgin Money Grow Saver

    (3)BPAY payments, cash withdrawals, deposits, refunds, reversals or credits to the Virgin Money Go Account, Pay Someone payments and internal transfers are excluded.

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    By opening an a new Virgin Money Go Account and using the unique referral link that was shared by the referrer as part of the Refer a Friend program, and provided the Welcome Offer Bonus Points Criteria are met, the referrer may be eligible to earn a referral bonus of 5,000 Virgin Money Points. If you already have the Virgin Money app, open a new Go Account via the app and manually enter the referral code shared by the referrer.

    For customers who open a Virgin Money Go Account jointly with another person under the Refer a Friend program, we will only award one lot of 10,000 Bonus Points and the points will be split and evenly allocated to both joint account holders of that account once the successful referral criteria have been met. This offer cannot be used in conjunction with any other offer codes. Virgin Money reserves the right to amend or withdraw this offer at any time without notice.For further information on the Virgin Money Rewards Program refer to our terms and conditions at http://virginmoney.com.au/apptermsandconditions

  27. ATM access is free via the Redi Teller Network, Bank Of Queensland and the 4 major retail banks. Although Virgin Money doesn’t charge domestic ATM withdrawals fees, some financial institutions or independent ATM operators may charge fees for using their ATMs and there are fees for balance enquiries and international ATMs.

  28. The Virgin Money Boost Saver Highest Variable Interest Rate is made up of a Base Rate of Interest 0.05% p.a. plus a Bonus Interest Rate of 4.25% p.a. when the Monthly Criteria are met (outlined in the full terms and conditions) on the Virgin Money Go Account in the previous month.

    The Virgin Money Boost Saver Bonus Interest Rate applies up to the aggregate balance of $250,000 across all Boost Savers that are held in the same name. It is applicable for any month, where the Monthly Criteria were achieved on your Go Account in the immediately preceding month. The Monthly Criteria below must be made into a Virgin Money Go Account that is in the same name as your Boost Saver:

    - If you are 25 years and older, deposit $2,000 or more into your Go Account from another financial institution (such as your salary), and make at least 5 debit card purchases, direct debit or BPAY payments in the previous month which settle in that month (not pending)
    - If you are between 18 and 24 years, deposit $1,000 or more into your Go Account from another financial institution (such as your salary), and make at least 5 debit card purchases, direct debit or BPAY payments in the previous month which settle in that month (not pending)
    - If you are between 14 - 17 years, no Monthly Criteria apply in order to earn the Bonus Interest Rate.

  29. Other Fees and Charges apply, refer to Deposit Account Limits, Fees and Charges

  30. Offer ends 30 November 2021. To be eligible for this offer you must be an existing Virgin Money customer and a new Virgin Money Go Account customer. To qualify for this offer you must; apply for the Go Account via the landing page from this email (or if the application is submitted via the mobile app, by using the promo code GO305KINT); and make at least one purchase, direct debit or BPAY payment; which is settled (not pending) in the first 30 days from the opening of your Go Account. Gift Vouchers will be emailed to eligible customers in the week beginning 17 January 2022. For eligible customers who open a Virgin Money Go Account jointly with another person, a single Gift Voucher will be sent to the applicant who initiated the joint account. Virgin Money reserves the right to amend or withdraw this offer at any time, without notice, and it is not available in conjunction with any other offer except for our welcome bonus offer. For further information on the Virgin Money Rewards Program, refer to our terms and conditions at virginmoney.com.au. Menulog vouchers will be issued in three (3) $25 denominations. Full Partner Gift Voucher terms and conditions apply and can be viewed here

  31. Offer ends 14 September 2022. To be eligible for this offer you must be an existing Virgin Money customer and a new Virgin Money Go Account customer. To qualify for this offer you must apply for the Go Account via this landing page and spend $100 which is settled (not pending) in the first 30 days from the opening of your Go account.For customers who open a Virgin Money Go Account jointly with another person, the points will be split and evenly allocated to both joint account holders of that account once the Monthly Criteria have been met. Virgin Money reserves the right to amend or withdraw this offer at anytime without notice and it is not available in conjunction with any other offer. For further information on the Virgin Money Rewards Program refer to ourterms and conditions.

  32. Offer ends 14 September 2022. To be eligible for this offer you must be an existing Virgin Money customer and a new Virgin Money Go Account customer. To qualify for this offer you must apply via the mobile app, by using the promo code GO630KLYO and spend $100 which is settled (not pending) in the first 30 days from the opening of your Go account. For customers who open a Virgin Money Go Account jointly with another person, the points will be split and evenly allocated to both joint account holders of that account once the Monthly Criteria have been met. Virgin Money reserves the right to amend or withdraw this offer at anytime without notice and it cannot be used in conjuction with any other offer. For further information on the Virgin Money Rewards Program refer to ourterms and conditions.

  33. Redemption value is correct as at 1 August 2022 and subject to change without notice. Gift ift Cards or Vouchers are administered by Ascenda Australia Pty Ltd and are subject to the Ascenda Terms and Conditions. Requested Gift Cards are subject to separate terms and conditions made available at the time of requesting the Gift Card. Once points have been redeemed for a Gift Card, the Gift Card cannot be returned. Expiry dates will apply.

  34. The Virgin Money Boost Saver highest Variable Interest Rate of 4.60% p.a. is made up of

    - a Base Interest Rate of 0.05% p.a.;
    - a Bonus Interest Rate of 4.25% p.a.; plus
    - a Notice Interest Rate of 0.30% p.a. (Lock Saver Feature);

    When the Lock Saver Feature is enabled and the Monthly Criteria are met on the Virgin Money Go Account in the previous month.

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    The Virgin Money Boost Saver Bonus Interest Rate applies up to the aggregate balance of $250,000 across all Boost Savers that are held in the same name. It is applicable for any month, where the Monthly Criteria were achieved on your Go Account in the immediately preceding month. The Monthly Criteria below must be made into a Virgin Money Go Account that is in the same name as your Boost Saver:

    - If you are 25 years and older, deposit $2,000 or more into your Go Account from another financial institution (such as your salary), and make at least 5 debit card purchases, direct debit or BPAY payments in the previous month which settle in that month (not pending)
    - If you are between 18 and 24 years, deposit $1,000 or more into your Go Account from another financial institution (such as your salary), and make at least 5 debit card purchases, direct debit or BPAY payments in the previous month which settle in that month (not pending)
    - If you are between 14 - 17 years, no Monthly Criteria apply in order to earn the Bonus Interest Rate.

    For more information visit the section.

  35. The Virgin Money Grow Saver highest Variable Interest Rate of 2.30% p.a. is made up of

    - a Base Interest Rate of 0.05% p.a.;
    - a Bonus Interest Rate of 1.95% p.a.; plus
    - a Notice Interest Rate of 0.30% p.a (Lock Saver Feature).;

    when the Lock Saver Feature is enabled and the Bonus Interest Rate is unlocked for any calendar month where the below criteria are met during that month:

    - Make at least 1 deposit into your Grow Saver; and
    - Make no more than 1 withdrawal (including any internal transfers or Pay Someone transfers) out of your Grow Saver

    For more information visit the section.

  36. TBC 32 day notice disclaimer

  37. TBC 32 day notice disclaimer

  38. Prices of Red Hot Tix will vary based on the ticket selected, artist and event. The final price will be displayed at the checkout. Note discount does not apply for Adelaide shows for Ice Cube, Cypress Hill & The Game. General Terms and Conditions of sale can be found here: Ticketek Australia.

FAQs

What is Virgin Money Go account? ›

Pay no monthly account fees, earn points as you spend and earn bonus interest on a Virgin Money Boost Saver account. This is an everyday bank account with no monthly account keeping fees, the ability to earn points as you spend and bonus interest on your savings.

Is there a problem with the Virgin Money app? ›

The Virgin Money app is all systems operational.

Why is my Virgin Money account locked? ›

Your answers to your security questions were incorrect. To protect your security, we have temporarily locked access to your online account. Please contact our helpdesk by telephone, on 0345 608 1604.

How do I open an Australian bank account for a non resident? ›

Open a CommBank account up to 14 days before you arrive in Australia, or up to three months after you arrive. You'll need to visit a branch once you arrive in Australia and provide identification documents and tax residency details before you can use your new account.

What is the difference between an everyday account and a savings account? ›

Transaction accounts do not earn interest on the balances. A savings account is an account that earns and pays interest based on your overall balance, providing any terms and conditions of the account are met.

What is an everyday transaction account? ›

A transaction account is an account you use for day-to-day banking such as paying bills and getting your wages. Transaction accounts are often called 'everyday accounts'. When you choose a transaction account, compare the account features and choose a no-fee or low-fee account.

How do I put money on my Virgin Money account? ›

You can pay cash into your current account at most Virgin Money Stores and Post Office branches using your debit card. You can also pay cheques in at any of our Stores or post them to us.

What is the daily transfer limit with Virgin Money? ›

If you use the mobile app or a security token, you can continue to make payments of up to £30,000. If you don't use the app or token and login with a one time passcode, you can continue to make payments of up to £500 with a daily limit of £1,000.

Is Virgin Money online banking down? ›

Virginmoney.com is UP and reachable by us.

Is Virgin Money stopping online banking? ›

Virgin Money is axing its online services for credit card customers on 31 January, with borrowers encouraged to manage accounts using the provider's app instead. Here's what's happening and what you can do about it - particularly if you don't have a smartphone.

Why can't I access my Virgin app? ›

If you've downloaded our app and can't log in, it could be one of 2 things. If you have forgotten your password, please follow the forgotten password prompt. If you have never created an online profile so you don't have any login details, please follow the prompt to “Create online profile”.

How do I call Virgin Money from abroad? ›

For questions and requests on your M Account or app, please get in touch on 0800 121 7365. We're here 24/7 and we'll do everything we can to help. Calling from abroad? Use +44 141 221 7300.

How do I unlock my online banking account? ›

If you need to “unlock” your account, you'll need to contact your bank as soon as possible. If your account has been locked because of a security issue, you might find the only way to do this is by phoning your bank's emergency assistance or help line.

Why is my bank account temporarily locked? ›

When a bank freezes your account, it means there may be something wrong with your account or that someone has a judgment against you to collect on an unpaid debt. An account freeze essentially means the bank suspends you from conducting certain transactions.

Can a US citizen have an Australian bank account? ›

Can I Open a Bank Account in Australia? Yes. Most Australian bank accounts make it quite simple for foreigners to open a bank account in the country. Unlike some places, you do not have to be in the country to do so.

Can a US citizen open an Australian bank account? ›

Can I open a CommBank account if I am not from Australia? Yes, most people who are coming to Australia to work, live or study are able to open a bank account with CommBank. You can open an account online up to 14 days before you arrive in Australia.

Can I have an US bank account from Australia? ›

Yes, you can. The process might be a bit complicated for non-citizens, but it's not impossible. Whether it's for business, travel, or personal reasons, setting up a US bank account will be worth the trouble. Banking in the US has many advantages.

What is a everyday account good for? ›

Everyday account: A deposit account where your money is available for day-to-day transactions. Transfer: When you give the bank instructions to move money from one account to another account, e.g. moving money from your savings account to your everyday account.

How much money should you have in your everyday account? ›

You should aim to have at least three months (and ideally six months) worth of living expenses in your savings.

Can you withdraw from an everyday savings account? ›

You'll get one debit per month which can include bill payments, ATM withdrawals or debit purchases.

What is an everyday bank account called? ›

A current account is a type of bank account most people use for day-to-day personal finances. It allows people to have a secure place to receive their salary and pay bills from. A current account typically comes with a debit card, which is helpful when paying for items and withdrawing cash.

What type of account should you open to complete everyday transactions? ›

Checking accounts are easily accessible and are used frequently for everyday transactions, such as transferring money, debit card purchases or writing checks.

What type of banking account is best for everyday use? ›

Checking accounts are used for everyday spending. The key features of this type of bank account are a linked debit card you can use for purchases or ATM withdrawals, as well as check-writing abilities. The account type also allows you to deposit cash or checks and pay bills.

How much cash can you deposit Virgin Money? ›

If you have any questions, just talk to us at your local Virgin Money Store or call us on 0845 600 6103*. How much can I save? Minimum to open: £1 Minimum additional deposit: £1 Maximum deposit limit: £2,000,000 If a deposit results in your account going over this limit we will return the additional funds to you.

Which banks are linked to Virgin Money? ›

Important information. Clydesdale Bank, Yorkshire Bank and Virgin Money are now one bank. Some of the links in the information below will take you to the Clydesdale Bank website.

How do I withdraw money from Virgin Money? ›

Let the Post Office cashier know how much you'd like to withdraw and they'll ask you to insert your card into the card reader. You'll then need to confirm the amount and enter your PIN. The transaction will be authorised or declined. If authorised, you'll be handed the cash and a receipt.

How can I transfer more than my daily limit? ›

Call your bank to increase the limit

Some banks let you increase your limits for a short amount of time, like 24 hours. Give your bank a call to see if they'll let you do this. This is a good option if it's hard for you to get to your bank in person, and you need to send money fast. But not all banks do it.

How much money can I transfer to a person? ›

ACH transfers are subject to limits on how much money can be moved. These limits can be per day, per single transaction or per single month and range from $10,000 per month to as high as $25,000 a month depending on the bank.

What is daily online transaction limit? ›

Daily Transaction Limit means the daily maximum amount you can withdraw and make purchases through the Online Banking Service or Point of Sale (POS) machines using a Card or payment through Channels.

Why is my online bank account not working? ›

Clear your browser cache. Delete cookies (this will remove your saved settings for sites you've previously visited such as username, password, or other personal information) Close all browser windows then reopen and try accessing Online Banking again.

Why is Virgin Money Giving closing? ›

Virgin Money Giving has been closed because its parent company – Virgin Money – is no longer prepared to pay for a service that doesn't pay for itself.

Why can I not get into my online banking? ›

Ensure You're Using the Correct Website

Online banking fraud is common, and you should always be vigilant. Are you definitely inputting your username and password on the right website? Perhaps the reason that you can't log in to your online bank is because you're falling for a phishing scam.

Is Virgin giving closing? ›

After 12 years of supporting charities and fundraisers, Virgin Money Giving closed in November 2021.

How much can I withdraw from ATM Virgin Money? ›

Maximum £500 per day (subject to account balance)Whilst we won't charge you, some ATM providers may apply a charge. You'll be notified of this before you go ahead with the withdrawal. None Whilst we won't charge you, some ATM providers may apply a charge.

How do I access my virgin account? ›

Head over to My Virgin Media, and select sign in. You'll be asked for your email and password: Email - your email address like gmail.com or hotmail.com. Password - you set this when you registered your account.

Why is Virgin blocking websites? ›

We think this site may be fraudulent, contain material that's unsuitable for children or viruses that could be harmful – and so it's been blocked by your account's Web Safe settings. You can change your settings at any time. Simply sign into your My Virgin Media account, go to My Apps and then Web Safe.

Why is the Virgin Active app not working? ›

Check if your mobile data or Wi-Fi are switched on; Delete and reinstall the App; Didn't quite work? Please contact us via email with your device model, the version of iOS or Android that it is operating (you can find this under settings), and a description of the issue.

Can I use my Virgin Money card in USA? ›

To use your card while you're away, just look for the MasterCard® logo. You can use your card in over twenty million shops and restaurants, and over one million cash machines in most countries all across the world.

Can I use my virgin go abroad? ›

If you're a Pay Monthly customer, you can use your phone in over 200 destinations worldwide. You can see which locations are covered by the Virgin Mobile network and check roaming charges on the Roaming Hub.

How do I speak to someone from virgin? ›

If you're having issues with Virgin Media's on-demand streaming service you can either call the main customer service line on 0345 454 1111 where you'll be able to speak to one of the many knowledgeable Virgin representatives or you can take a look at the relevant guide on the help section of Virgin Media's website.

How long will my bank account be locked? ›

How Long Can a Bank Freeze an Account For? There is no set timeline that banks have before they have to unfreeze an account. Generally, for simpler situations or misunderstandings the freeze can last for 7-10 days.

How long does it take to unlock a bank account? ›

If your account is frozen because the bank is investigating your transactions, freezes typically last about 10 days for simpler situations or around 30 days for more complicated situations.

How long will I be locked out of my online banking? ›

If you don't log in to Internet Banking for 180 days or more, your password will be made inactive for security reasons.To reset your password you can: - Call us on 13 11 82.

How do you know if your bank account is blocked? ›

How Do You Know if Your Bank Account is Frozen? If you have a frozen bank account, you won't be able to use your ATM and Credit/Debit cards as well. Each time, you'll see an error message on the screen, and any transaction that you make will fail to process.

Can you unlock a locked bank account? ›

You may need to contact your bank to unlock the account or see if there are any restrictions for third-party connections. Once your online banking has been unlocked or restrictions are lifted, re-enter your bank info in the app.

How do I unfreeze my account? ›

How to Unfreeze an Account. Account freezes are not permanent but generally require the account holder to take certain actions before they can be lifted. The freeze is typically lifted once the person has made payment in full to clear an outstanding debt to a creditor or the government.

What type of bank account is best for everyday use? ›

Checking account: A checking account offers easy access to your money for your daily transactional needs and helps keep your cash secure. Customers can typically use a debit card or checks to make purchases or pay bills. Accounts may have different options to help avoid the monthly service fee.

How much should you keep in your everyday account? ›

You should aim to have at least three months (and ideally six months) worth of living expenses in your savings.

What is the maximum amount of money you can have in a bank account? ›

Minimum balances aside, how much money can you have in a checking account? There is no maximum limit, but your checking account balance is only FDIC insured up to $250,000. However, as we'll cover shortly, it makes sense to put extra cash somewhere it will earn interest.

Can I open a US bank account in Australia? ›

In short, yes, you can open a US bank account online—but only if you have a US address. If you don't have this proof of address it can become quite difficult to open a US bank account from AU.

Which bank is best for non residents in Australia? ›

National Australia Bank (NAB) offers one of the most competitive solutions to opening an Australian bank account from overseas. It allows you to open a Classic Banking account that lets you send money up to 12 months before your arrival.

What is the safest bank in Australia? ›

The list of Australia's most trusted brands for the latest quarter to June 2022 was announced today by research house Roy Morgan. In addition to being the most trusted bank in the country, Bendigo Bank was named as one of the most trusted brands in Australia with a Net Promoter Score (NPS) of 24.5.

Is it hard to open a bank account in Australia? ›

Required Documents to Open a Bank Account

Westpac and Commonwealth allow for younger clients to apply. The entire process should take between five to ten minutes. If you wait until you are in the country to open your account and do so within six weeks of arriving in Australia, all you will require is your passport.

What is Australia's number 1 bank? ›

Commonwealth Bank of Australia (CBA)

It is the largest of the banks in Australia and offers a diversified range of financial products and services. It currently provides retail, business, institutional banking, and wealth management products and services to its 16.6 million customers.

What is the current interest rate Australia? ›

Current RBA cash rate: 3.35%

The cash rate is Australia's official interest rate which is currently held at a target of 3.35% by the Reserve Bank of Australia (RBA). The cash rate is determined by the Reserve Bank of Australia in a board meeting every month (excluding January).

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