RBS vs Virgin Money: Switch Bonus Comparison
RBS offers the better net value at £200 vs £0 after fees.
- Open a Select or Reward account and complete a full CASS switch
- Pay in £1,250+ within 60 days (can be split; must stay 24 hours)
- Log in to the RBS mobile app
- No RBS current account held on 6 May 2026
- No previous NatWest Group switch bonus
- Can't switch from a NatWest or Ulster Bank account
- Full CASS switch required
- £200 paid within 30 days
- Reward account: up to £36/yr rewards (£2/mo fee)
Verdict: RBS vs Virgin Money
RBS comes with more perks (2 vs 0), including things like £200 paid within 30 days.
Frequently Asked Questions
Which has the higher switch bonus, RBS or Virgin Money?
Currently only RBS has an active switch bonus. Virgin Money does not have an active offer at this time.
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.