TSB vs Virgin Money: Switch Bonus Comparison
Virgin Money offers the better net value at £150 vs £100 after fees.
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- Full CASS switch required
- Full CASS switch required
Verdict: TSB vs Virgin Money
Virgin Money offers the higher switch bonus at £150 vs £100.
Frequently Asked Questions
Which has the higher switch bonus, TSB or Virgin Money?
Virgin Money currently offers the higher bonus at £150, compared to £100 from the other bank.
Can I switch to both TSB 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 TSB and Virgin Money?
The cooling-off periods are: TSB: 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, TSB 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.