Virgin Money Australia




Virgin Money Australia is a financial company owned by the Bank of Queensland which caters diverse financial needs of 150,000 plus customers. Since its inception in 2003, the financial provider has never failed to deliver world-class banking products and services. From cards to home loans to insurance, it aims to provide more great value products in the upcoming time.

  • Bank Type

    Private (Limited liability)

  • Founded


  • Headquarters


  • Industry


  • Formerly/Predecessor


  • Subsidiaries


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Pros & Cons-Virgin Money Australia


  • Signup Fees.
  • Strict lending policies.


  • Home Loan for Self-Employed.
  • High Property Value for First Home Buyers.
  • Customer Support.
  • Strict Age Restrictions.

About Virgin Money Australia

Virgin Money UK Plc is a full-service digital bank which has been in this field for more than 180 years. The bank is well known for its standard corporate governance and its executive leadership team. This company provides the best customer service with strong strategies that have helped it to thrive in the last 100 years. The owner of this bank is the Bank of Queensland, and the present CEO is Greg Boyle.

Features and Benefits of Virgin Money Australia

Virgin Money Australia is a financial services provider that offers a range of products and services, including banking, insurance, and superannuation. Some of the features and benefits of Virgin Money Australia are:

High-Interest Savings Accounts: Virgin Money offers a range of high-interest savings accounts that allow you to earn competitive interest rates on your savings.

Low-Interest Home Loans: Virgin Money offers a range of home loans with competitive interest rates and flexible repayment options.

Credit Cards: Virgin Money offers a range of credit cards with features such as low-interest rates, balance transfer offers, and rewards programs.

Services Offered by Virgin Money Australia

The different services provided by Virgin Money Australia are as follows:

Banking services

Virgin Money Australia provides excellent banking services. You can manage your accounts on the go and manage your savings goal efficiently. With the new account, it is easy to manage transactions, credit card accounts, and savings. The customer will not need to pay any monthly fees for account keeping.

Credit card services

This bank also provides different credit card services. Some of the different credit card services here are Virgin Australia Velocity High Flyer card, Virgin Money No Annual Fee card, Virgin Money Low Rate card and Virgin Australia Velocity Flyer Card and many others. You will also get bonus points for these cards. For example, you can earn up to 100,000 velocity points (25000 points for every month provided he spends $ 3500 or more).

Home loan

This bank also provides bank loans to its customers. There are variable-rate home loans available along with fixed-rate home loans. In case of a variable rate, the customers will need to pay 4.69% p.a and a comparison rate of 4.84% p.a. There is a 100% offset also available here.

Fixed-rate interest rates are 5.69% p.a, and the comparison rate is 5.07%. Here, you can get a home loan for 2 to 5 years.

Insurance services

Virgin Money Australia also provides different kinds of insurance services. Some of these are car insurance, home insurance, travel insurance, life insurance, income protection, and many others.


This bank also enables customers to take superannuation services. There is superannuation available for individuals and employees.

Types of Accounts in Virgin Money Australia

The different kinds of accounts provided by this bank are Everyday Grow account, Boost saver, grow saver and Virgin Saver.

Virgin Money Go Account

This account does not require any monthly fees. However, the customers will also not get any interest on this account. Moreover, this account provides a locker saving system, but there are no interest expenses associated with it. Moreover, this bank account provided by the Virgin Money Australia does not require any ATam charges in the majority of the cases. The account holder is eligible to get purchase offers and credits, and they can also create a joint account. with this account, it is also easy to track saving and spending more effortlessly. You can also link digital payment. Platforms such as Samsung Pay and many others.

Virgin Money Boost Account

This bank account also does not need any fees, but the interest rate is 4.30% p.a up to an amount of $250,000. However, for this, you will need to meet the monthly criteria for every month. This account also comes with a lock saver feature, and the interest rate for the same is 0.30% per annum. There are no ATM fees associated with this bank account, but there are also no chances of earning Virgin Money Points. Virgin Money Go Account is a bundled product. The customers can get joint accounts and additional accounts, and the customers are eligible to get 9 Boost savers. However, there are spend tracking features available and no bill tracking features. There are also Digital Wallet facilities available here.

Virgin Money Grow Saver

Virgin Money Grow Saver is a transaction account along with the benefits of a dedicated savings account. There are no monthly fees associated with this account, and the interest rate of this account is 2%, but for this, the account holder needs to make at least 1 deposit and 1 withdrawal every month. The lock save option is also available at the rate of 0.30%. There are no ATM fees required and there are also no Virgin Money Points available. But, the account holder can also get Virgin Money rewards and partner offers. However, this is not a bundled product but joint accounts are also available. There are no spend tracking facilities here and the bill tracking facility is also unavailable. However, a feature of round-off is available. The account holders can round up their purchases nearest to $ 1 and charge the same to their Grow Saver account. But, the facility of Digital Wallet is not available.

Virgin Money Australia Opening Hours

The opening hours of Virgin Money Australia are mentioned below:

Day of the Week Opening Time Closing Time
Monday 7 AM 9:00 PM
Tuesday 7 AM 9:00 PM
Wednesday 7 AM 9:00 PM
Thursday 7 AM 9:00 PM
Friday 7 AM 9:00 PM
Saturday 10 AM 5 PM
Sunday 10 AM 5 PM
However, on certain occasions, the bank remains open even on weekends.

Virgin Money Australia Contact Details

The contact details of Virgin Money Australia are provided below:

Bankstown Address  Phillip Street, Sydney, NSW, 2000 AU Phillip Street, Sydney, NSW.
State Yorkshire
City United Kingdom
Bankstown Phone Number 61-02-8249-8000.
Customer Care Number 132500
Phone (Commonwealth Bank Complaints Number)
Virgin Money Australia Bank head office Address 833 Collins Street, Docklands, Victoria, Australia

Frequently Asked Questions

Who is the owner of Virgin Money Australia?

The owner of Virgin Money Australia is the Bank of Queensland. Moreover, the main founders of the bank are Virgin Group and Macquarie Group. This bank is also partially owned by shareholders.

What is Virgin Money Australia known for?

This bank is known for its good customer care services, a large number of products and services, and its excellent management. Some of the famous products and services of insurance services, home loans, bank accounts, superannuation services, and many others. The company provides these services very uniquely. The brand image of the company is also good.

Is Virgin Money Australia good?

Yes,, Virgin Money Australia is a famous bank with a large customer base. This company has a strong brand value and goodwill for their wide array of services provided. The customer care provided by the bank is also excellent. Customers are happy with the bank and for this reason, the bank has been able to expand its business in other parts of the world.

Can I open up Virgin Money Australia account online?

Yes, you can open a bank account digitally. The customer will need to go to the online website of Virgin Money Australia or download the app in their android or iOs account. From there you can select to create an account and choose the one you are willing to go with.

How much cash can you withdraw from Australia and New Zealand Banking Group?

The daily withdrawal limit for the Visa debit card of Virgin Money Australia is $1000. However, this amount can be increased to $2000 per day in certain cases.

Why use us?

The customised financial services from UrbanMoney Oceania caters to the varying requirements of the applicant on their fund procurement journey.

Low interest rates

The intricate online model ensures the best interest rates are offered to the customers. The services aim to diminish the overhead costs.

Urban Money Oceania Exclusive Deals

The customers can avail of various exclusive offers available to the customers by UrbanMoney Oceania designed to cater to their budgetary needs.

Australian based support team

Our support team offers tailor-made services to customers intending to conclude loan transactions without any hassle. Available to customers at their convenience.


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