Santander vs Virgin Money: Switch Bonus Comparison
Santander offers the better net value at £180 vs £0 after fees.
- Full CASS switch
- Pay in £1,500 within 60 days
- 2 active household direct debits within 60 days
- Cannot have held a Santander current account on 1 Jan 2025
- Full CASS switch required
Verdict: Santander vs Virgin Money
Both banks offer comparable switch deals. Check the requirements above to see which suits your situation best.
Frequently Asked Questions
Which has the higher switch bonus, Santander or Virgin Money?
Currently only Santander has an active switch bonus. Virgin Money does not have an active offer at this time.
Can I switch to both Santander 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 Santander and Virgin Money?
The cooling-off periods are: Santander: 12 months, Virgin Money: 12 months. During this time you cannot switch away without potentially losing your bonus.
Which bank is easier to switch to, Santander 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.