MENU Virgin Money launches account for small businesses Virgin Money by Natalie Clarkson 24 November 2021 Good news for start-ups, Virgin Money has launched a brand new current account aimed specifically at small businesses – and it comes with loads of benefits. The M Account for Business has no monthly fee, free digital transactions, and has been designed with entrepreneurs, start-ups and small businesses with an annual turnover of less than £1 million in mind. Customers can manage their accounts via the Virgin Money app or online – and it comes with a heap of extras. Businesses can enjoy the best cashback offer available – 0.35% on all debit card purchases until the end of January 2022 (it goes down to 0.25% after that). Plus, all business customers will be eligible for an optional £1,000 overdraft. Virgin Money Virgin Money business customers can also access discounts through the Mastercard Business Savings programme when they use their M Account for Business debit card with certain merchants – including selected hotels, restaurants and car hire. For entrepreneurs looking for some expert advice on growing their business, they can make use of Virgin Money’s partnership with Virgin StartUp – the Virgin Group’s not-for-profit organisation that focuses on supporting business founders with guidance, funding and mentorship. Founders can join free digital events on specialist topics, use free digital resources to tackle knowledge gaps, and get discounts on Masterclasses with business leaders. Graeme Sands, Interim Head of Business Banking, at Virgin Money said: “The Virgin name is synonymous with entrepreneurship, so we wanted to develop a proposition that made business banking easy for start-ups needing their first business current account. Customers are able to do all their day-to-day banking via the app, but have our support if they need it. “Digital-savvy businesses want an easy and efficient way to manage their finances and we have developed a mass-market, digital-first product that not only offers a range of real-world services, but also comes with no monthly fee. Costs are paramount in the early stages of a new business, so we’re supporting small businesses in a way that will help them grow. And when they are ready to move on, we have a range of products to support that next stage of their business journey.” Visit Virgin Money to find out more. Virgin Money See all Virgin Companies Contact Virgin Web Terms of Use Web Privacy Policy Web Cookie Policy Report a Scam Virgin Modern Slavery Statement Virgin Tax Strategy Statement Virgin Corporate Governance Virgin Group FAQs Newsletter “The simple fact is that nobody ever learned anything by listening to themselves speak.” Richard Branson © Virgin 2021. All rights reserved. Our website uses cookies We use cookies and similar technologies to personalise content, to provide you with relevant marketing, to enhance your user experience and to gain insight and track how you interact with us and our partners. Learn more in our Privacy Policy and Cookie Policy. Click Accept all to consent to all or Let me choose to manage your choices. Accept all Let me choose