Virgin Money UK (Nationwide)

Virgin Money UK (Nationwide) offers a Business Current Account with 25 months of free standard transactions for eligible new customers and for companies switching from another bank. The account includes cashback on the debit card and digital management.

Ownership change

According to the bank, the Virgin Money banking business transferred to Nationwide Building Society on 2 April 2026. Contracts are now held legally with Nationwide, which trades as Virgin Money. Clydesdale Bank PLC is listed as the former legal entity and Yorkshire Bank as a former brand.

Account terms

The listed services are a business current account, debit card cashback and online banking. After the 25-month free period the account costs GBP 6.50 a month. A cash deposit limit of GBP 250,000 a year applies within the offer, and international and CHAPS payments are not included in the free offer.

Deposit protection

The product page discloses FSCS cover of up to GBP 120,000 per eligible business. Aggregation and eligibility rules apply.

Who it suits

The client type is businesses. A small company with mostly domestic card and transfer activity may benefit from the free period, while one that regularly sends international or CHAPS payments should ask about their charges.