Virgin Money Go Account

Pay no monthly account fees, earn points as you spend and earn bonus interest on a linked 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. You can link your debit card to Apple Pay, Google Pay or Samsung Pay instantly after creating your account to make contactless payments with your phone. This account is managed via the Virgin Money mobile app so you can bank anywhere, anytime.

🔥 Special offer: Welcome bonus of 5,000 Virgin Money Points! You'll receive a welcome bonus offer of 5,000 Virgin Money Points when you open your first Virgin Money Go Account and make your first transaction within 30 days of opening the account. Ends 31 July 2021. T&C's apply.
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$0

Account keeping fee

$0

ATM withdrawal fee

$5

Overseas ATM withdrawal fee

2.5%

Overseas transaction fee

of transaction value

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Details

Product NameVirgin Money Go Account
Monthly account fee$0
Card accessVisa
ATM Withdrawal Fee$0
International ATM Fee$5
International transaction fee2.5%
Monthly deposit required to waive account feeN/A
Contactless PaymentsGoogle Pay, Apple Pay, Samsung Pay
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Review by


Alison Banney is the banking and investments editor at Finder. She has written about finance for over six years with her work featured on sites including Yahoo Finance, Money Magazine and Dynamic Business.

Expert review

This bank account offers some great perks. You'll earn Virgin Money Points when you make purchases, and you can earn a competitive bonus rate on your savings if you meet the deposit conditions each month. The account is managed entirely via the Virgin Money mobile app, so keep this in mind if you don't enjoy doing your banking on your phone.

You can use your debit card for free at most Australian ATMs, and also link it to Apple Pay or Google Pay to make contactless payments with your phone which is really handy. There is an international transaction fee and overseas ATM fee charged, so keep this in mind if you make a lot of overseas purchases.

Key features

🔥 Special offer: Welcome bonus of 5,000 Virgin Money Points!

You'll receive a welcome bonus offer of 5,000 Virgin Money Points when you open your first Virgin Money Go Account and make your first transaction within 30 days of opening the account. Ends 31 July 2021. T&C's apply.

No monthly account keeping fees

The Virgin Money Go transaction account has no monthly account keeping fees to pay.

Earn points as you spend

You can earn 8 Virgin Money Points for each purchase, direct debit or BPAY payment you make. To earn points as you spend you need to meet the following account conditions in the previous month:

  • If you're aged 14-17: You don't have to meet any account conditions to earn points as you spend!
  • If you're aged 18-24: You need to deposit $1,000 a month and make five or more purchases a month (this includes BPAY payments and direct debits settled during the month).
  • If you're aged 25+: You need to deposit $2,000 a month and make five or more purchases a month (this includes BPAY payments and direct debits settled during the month).

You can choose to transfer your points back into cash in your account or redeem them for a gift card at participating brands.

Earn bonus interest on a Virgin Money Boost Saver account

By meeting the above account conditions, you'll also be eligible to earn a competitive bonus interest rate of up to 1.2% p.a. on a linked Virgin Money Boost Saver account.

You'll automatically receive a Virgin Money Boost Saver account when you open a new Virgin Money Go account, unless you're an existing Virgin Money customer.


How to apply

You can easily apply online in less than 10 minutes. Check that you meet the eligibility requirements first, and make sure you have the necessary documents handy.

Eligibility

  • Minimum age. The minimum age requirement for this account is 14 years of age.
  • Residency requirement. In order to be eligible for this account, you must have an Australian residential address.

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