This is an everyday bank account with no monthly account keeping fees, the ability to earn points as you spend and bonus interest on your savings. You can link your debit card to Apple Pay, Google Pay or Samsung Pay instantly after creating your account to make contactless payments with your phone. This account is managed via the Virgin Money mobile app so you can bank anywhere, anytime.
Virgin Money Go Account
- Account keeping fee
- $0
- ATM withdrawal fee
- $0
- Overseas ATM withdrawal fee
- $5
- Overseas transaction fee of transaction value
- 2.5%
Our verdict
This account is currently offering a welcome bonus of 5,000 Virgin Money Points. Pay no monthly account fees, earn points as you spend and earn bonus interest on a Virgin Money Boost Saver account.This bank account offers some great perks. You'll earn Virgin Money Points when you make purchases, and you can earn a competitive bonus rate on your savings if you meet the deposit conditions each month. The account is managed entirely via the Virgin Money mobile app, so keep this in mind if you don't enjoy doing your banking on your phone.
You can use your debit card for free at most Australian ATMs, and also link it to Apple Pay or Google Pay to make contactless payments with your phone which is really handy. There is an international transaction fee and overseas ATM fee charged, so keep this in mind if you make a lot of overseas purchases.
Pros
-
No account keeping fees
-
Access thousands of ATMs for free in Australia
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Earn points as you spend
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Earn a competitive bonus interest rate on your savings
-
Bill tracking and spending categorisation tools
Cons
-
International ATM fees and transaction fees apply
-
No Internet or phone banking
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You can't withdraw cash at supermarkets (only at ATMs)
Details
Key details
| Product Name | Virgin Money Go Account |
| Monthly account fee | $0 |
| Card access | Visa |
| Own network ATM fee | $0 |
| International ATM Fee | International ATM fee $5 |
| International transaction fee | 2.5% |
| Monthly deposit required to waive account fee | N/A |
| Contactless Payments | Apple Pay, Google Pay, Samsung Pay |
Eligibility
| Minimum Age | 14 |
| Joint account availability | Yes |
| Minimum opening deposit | N/A |
| Residency status | Have an Australian Residential Address |
Key features
No monthly account keeping fees
The Virgin Money Go transaction account has no monthly account keeping fees to pay.
Earn points as you spend
You can earn 8 Virgin Money Points for each purchase you make. You'll automatically earn these points for every settled debit card purchase, direct debit and BPAY payment made from your Virgin Money Go account. There are no conditions to meet to earn these points.
You can then use these points for a number of benefits, such as redeeming them for cash or purchasing gift cards with partnering brands. Once you're a customer, you can see the latest reward offers in the Rewards Hub.
Earn bonus interest on a Virgin Money Boost Saver account
By meeting the above account conditions, you'll also be eligible to earn a competitive bonus interest rate of up to 5.05% p.a. on a linked Virgin Money Boost Saver account.
You don't need to open a Virgin Money Boost Saver account if you don't want to - you can open the Virgin Money Go account by itself.
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Alison Finder
Editor
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Sarah Megginson Finder
May 30, 2024
Hi Richard,
The terms and conditions state that you can earn 8 Virgin Money Points for each purchase you make. If you made multiple transactions with one retailer, you should get 8 points for each transaction. You’ll get your points within 24 hours after the purchase has settled in your account.
Note that 5000 points is equal to around $20 in value. To earn $20 worth of gift cards, you’d need to settle 625 transactions at 8 points per transaction.
Hope this helps!
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Mark
November 23, 2023
Hi, we just want to use card for a joint account for travelling , do we have to meet the monthly criteria, or is that to just to get the high interest ?
Jason Loewenthal Finder
January 08, 2024
Hi Mark,
There is no monthly criteria to use this account, only the linked savings account.
However, this account comes with a $5 overseas ATM fee and a 2.5% international transaction fee. We have a guide on cards with no international transaction fees here.
I hope that helps.
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Taciane
March 20, 2022
Hi,
I was reading more about the virgin Money Go and the booster accounts. I’m trying to pick a bank so I can open a account. So I would really appreciate your help. I have the following questions:
1. With this virgin accounts would I be able to use the card to shop online?
My sister opened an account with Westpac and was only given an EFTPOS card that doesn’t work for online transactions
2. With the international fees, does this apply to purchasing things online?
If so, would you recommend another account with lower international transaction fees? (But still good for saving, and not paying fees in general)
Thank you!
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Alison Banney Finder
April 07, 2022
Hi Taciane,
The Virgin Money Go Account comes with a Visa Debit Card that you can use online and overseas.
Yes, international transaction fees apply whenever a currency conversion takes place – so this includes shopping online from international sites. If you shop online from international sites a lot, you could consider using a card that doesn’t charge international transaction fees. You’ll see some options on our guide here.
Thanks,
Alison
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Alison Banney Finder
April 06, 2022
Hi Traciane,
The Virgin Money Go Account comes with a Visa Debit Card that you can use online and overseas.
Yes, international transaction fees apply whenever a currency conversion takes place – so this includes shopping online from international sites. If you shop online from international sites a lot, you could consider using a card that doesn’t charge international transaction fees. You’ll see some options here.
Thanks,
Alison
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richardff
March 05, 2024
with Go is it 1 reward for every dollar spent or per transaction? If transaction one can split it into numerous transactions and get more points?