Virgin Money To Launch Current Account Trial

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The banking arm of Sir Richard Branson's business empire will on Monday become the latest high street lender to begin an assault on Britain's lucrative current account market with the launch of a pilot among its 3000 employees.

Sky News understands that Virgin Money, one of the country's fastest-growing banking groups, will unveil the trial ahead of a full launch scheduled for next year.

It will mark a potentially-significant phase in efforts to bolster competition in the current account market, with well over 80% of accounts currently supplied by the five biggest lenders: the state-backed Lloyds Banking Group, owner of HBOS, and Royal Bank of Scotland, which owns NatWest; Barclays, HSBC and Santander UK.

Once the staff trial has been completed, Virgin Money will target consumers who are underserved by the major lenders, offering a basic account with no fees or charges and free access to the UK ATM network of cash machines.

http://uk.news.yahoo.com/virgin-money-launch-current-account-trial-150020514.html#pPrmfGH

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Offering a basic account with no fees or charges and free access to the UK ATM network of cash machines.

I will belive when I see it, and for how long Branson I thought you were already retired, come to think about I better get my name on top of the list.

[ifred]

Mmmmmm is it a good idea to trust Virgin's with your money ....especially ones from Newcastle...now guy's called Dave might be a better bet.
If Branson's island home went up in flame how'd you know your dosh woudn't

[super jumbe]

Mmmmmm is it a good idea to trust Virgin's with your money ....especially ones from Newcastle...now guy's called Dave might be a better bet.
If Branson's island home went up in flame how'd you know your dosh woudn't

Free banking unless you would rather invest with payupall you get nothing!!!!

[Meat-Head]

Offering a basic account with no fees or charges and free access to the UK ATM network of cash machines.

*CONFUSED*

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Only time had bank charges - that's own fault - not paying credit card off on time - but only use it for i love you long time stuff

[GastonJ]

But will they get found guilty?