RBS vs Virgin Money: Switch Bonus Comparison
Both banks offer the same net value of £150.
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- Apply for Select or Reward account
- Full CASS switch by 28 May 2026 (complete by 16 June 2026)
- Deposit £1,250
- Log into mobile app
- Open Digital Regular Saver by 16 June 2026
- Cannot have held an RBS current/savings account as of 17 Feb 2026
- Full CASS switch required
- 5.5% AER Digital Regular Saver (on up to £5,000)
- Reward account pays £5/month cashback if conditions met
Verdict: RBS vs Virgin Money
Both banks offer the same switch bonus of £150.
Virgin Money has fewer requirements (1 vs 6), making it simpler to qualify.
RBS comes with more perks (2 vs 0), including things like 5.5% aer digital regular saver (on up to £5,000).
Frequently Asked Questions
Which has the higher switch bonus, RBS or Virgin Money?
Both RBS and Virgin Money currently offer the same switch bonus of £150.
Can I switch to both RBS and Virgin Money?
Yes, you can switch to both banks, but you need to do them one at a time using the Current Account Switch Service (CASS). Complete one switch, wait out the cooling-off period, then switch again to the second bank.
How long is the cooling-off period for RBS and Virgin Money?
The cooling-off periods are: RBS: 36 months, Virgin Money: 12 months. During this time you cannot switch away without potentially losing your bonus.
Which bank is easier to switch to, RBS or Virgin Money?
Both banks use the Current Account Switch Service (CASS), which makes the process straightforward. The main differences are in specific requirements like minimum pay-in amounts, number of direct debits, and whether you need to use their app. Check the requirements comparison above for full details.