Virgin Money Products for Individuals

Individual users can set up a Virgin Money transfer account, initiate transactions, fix rates and book trades all through the easy-to-use online platform. By providing a full name and address for international money transfer recipients, along with country-specific payment information, customers can send funds in a range of foreign currencies to several countries around the world. New account setup is fast and easy, and can be completed in just a few minutes.

In most cases, Virgin Money offers same-day international money transfers in GBP, EUR and USD. Additional currencies are supported, though these transfers usually take longer – about one to four business days. Senders who wish to get money to recipients faster or by a specific date can call and arrange a transfer over the phone with a knowledgeable agent.

Virgin Money international money transfers are offered at a significantly lower rate than the high street banks. Virgin Money attempt to beat any exchange rate offered by a competitor, provided account holders request that rate within three hours of the initial quote. Virgin Money does not charge transfer fees on remittances.

Virgin Money Products for Businesses

Business customers can take advantage of Virgin Money's generous daily send and receive limits. As per Virgin Money's website, transactions via a mobile app have a limit of £30,000, while international payments via the SWIFT network or the Single Euro Payments Area (SEPA) have no limits attached to them. 

Virgin Money offers a variety of products to suit business owners. In addition to standard spot contract transactions, users can also secure exchange rates on future international money transfers up to three years in advance, set up automated transfers for recurring payments and establish firm orders to take advantage of favourable exchange rates.

All international transfers made with Virgin Money are fully regulated and comply with all international regulatory organisations in the countries with supported currencies.

About Virgin Money

Virgin Money is a banking and financial services firm headquartered in the UK. Owned by the famed Virgin Group and founded by international entrepreneur Sir Richard Branson in 1995, Virgin Money maintains a registered office in Newcastle upon Tyne and satellite offices in London, Edinburgh, Chester and Norwich. The company employs more than 7,000 people and is listed on the London Stock Exchange and FTSE 250 Index.

Today, Virgin Money operates 91 banking branches, called "stores", as well as five Virgin Money Lounge locations where customers can gather with friends and enjoy free Wi-Fi, complimentary newspapers, TVs, iPads and refreshments.

International money transfer customers can send and receive funds that make it easier to purchase property overseas, send cross-border payments to friends and family or set up recurring payments quickly and easily.

Besides international money transfers, Virgin Money also offers savings and investment accounts, mortgages, insurance, pension schemes and credit cards.