I was with VirginMoney for 3years until recently financing out of them because as with any other bank, you don't get the goodies unless you move as a new customer somewhere else, which I did. In terms of rates they are good, customer service is good as new customer but don't expect to get all the rate cuts and they won't try hard to keep you either.

The good:
- Good customer service overall, friendly staff and they answer pretty quickly
- Great VirginMoney points to accumulate over time. Almost 2k worth of points as a new customer which is g...

I am not sure of the name of the agent I spoke to but she delivered excellent customer service in spades. She went through everything with me on how my loan is going to repayments, redraw, etc. A perfect loan summary breakdown. I was calling for a rate check as was looking to see if I am on the best rate for my variable loan. She went through what the company is doing to help customers get a better deal. They are also assigning different agents to each customer to let them know about their loans. I like this as you don’t have to keep rep...

i was not contacted or communicated. i don't recommend virgin money, i submitted the application, after a week, and got rejected without an explanation. everyone should walk away to avoid disappointments. their business modal must have issues.

The rate is so uncompetitive, highly recommend refinancing. Rang and asked if they could offer a more competitive rate given what others offering in market. They refused. And they were rude.

Terrible service, offshore staff are hopeless with communication, you will get different information from each person everytime you call until you are upset with the 4th or the 5th one. I also think there is problem with their email systems as you never receive anything from them after requesting anything, and postage never happens too except their bills. I requested for my name change by writing twice to them with sufficient information, for 4 months and nothing happened until I called after the 5th calls, or when I asked for a closure of the ...

I moved over to Virgin Money recently for a home loan. It was a terrific rate so no complaints there. However, the first thing I noticed about dealing with them is just how poor their internet banking is. It's about as basic as you could get, almost like a kid did as part of a school's project. Tried applying for a credit card with them and was initially accepted and then rejected with no explanation given four days later. I called them up - Customer Service said to reapply. I reapplied. The Credit Card people told me there was an automatic 3 m...

We felt the application form a bit difficult to understand the financial information that was required . However we gave them full access to our accountant. This was even not enough as we were contacted by a foreign lady that we couldnt understand what additional information she wanted. We were turned down even though we have a very high credit rating. We wanted to do a transfer balance from our bank card to their card which overall was a lot lower interest . As a business we have never missed a payment of any sort . Not happy with the treatment

My wife and I recently applied for a balance transfer to take advantage of Virgin's 21 month interest free option and beat up a small credit card debt. We have not been declined for credit ever. They took more than 7 days to confirm receipt of our application, then requested supporting documentation, we provided this and they conditionally approved us. I called to see what was the next steps and the CSTM confirmed we where approved and should get a letter soon. The letter arrived by email 10 minutes after saying we where declined. After ringing them again I was given no explanation as to why and now I have a declined on my credit file with no explanation!!! Super upset and complaining to the financial services ombudsman.

Customer Service is good but they arent transparent with ROI. I signed up with them split loan in 2017. 3.99% fixed and 4.04 variable. 24 months into the term they increased 4.04 to 4.24 and this was when RBA was reducing interest rates. They didnt bother telling customers of the increased rates. I only found out when i looked at my half yearly statement thst ROI on variable went up by 0.20%
Feeling annoyed, i called up Ubank and Athena who did quick credit checks and confirmed that they could easily shave off 1.15% and put me in 3.09% which n...

Absolutely waste of time and money If you can choose someone else I would recommend that. They’re pretty good at customer service when you want to take on the new insurance

Been with them almost a year and had a rate increase within the first few months of settlement even without RBA rate changes. Took weeks for them to pass on rate reductions post RBA announcements. Velocity miles not worth the extra cost compared to other lenders. Customer service is decent but customer retention is non existent. Will be refinancing elsewhere.

Im coming to the end of my two year fixed loan with virgin and couldnt be happier.
After some bad experiences with the big 4 I've loved the no wait customer service with voice recognition and the crazy amount of travel i have done on points in the last two years. They gave us velocity points on the value of our loan so partner and I have been to the US plus FNQ a few times without paying for flights! Still have points left! Credit card has been problem free also with a great response when i didnt recognise a charge. If you are thinking about using them i wouldn't hesitate.

I am just so happy with this company!
I was approved for a home loan by them a few years ago - the only guys who would give me a chance.
Ever since then, I have received impeccable customer service and I am so thankful!
They make everything so simple and so easy!
I recommend them to everyone!

I have my home loan with Virgin. I signed up at 3.69 and was not informed of a .2 rise in interest rates which effectively means I started my home loan (after the construction loan) on a rate that was higher than what I signed up for without even receiving a notification.

When I called the bank I was told that my rate was at 4. something which apparently was what it defaulted to after the construction loan. Nobody knew what was going on and I had to get my mortgage broker involved to get it sorted. The customer service just said that's what it...

Just closed credit card account over the phone, due to little use. I then asked how my money in the account was going to be refunded to me. Virgin wants to wait 1 month then send a Cheque out..... I asked about just transferring to my savings account and they said its not possible.......

wouldn’t proceed with our refinance loan because my husband works for one of the companies that their internal policies has black listed. If you work in the 2nd hand dealer sector, tattoo shop or something in the gaming world - don’t even waste your time because they won’t approve you.

Unsurprisingly my original complaint from March 7th 2019 still hasn’t been resolved. I was contacted by Virgin Moneys call centre last Friday who promised to call me in 3 working days - no call. It has been over a month since my dispute over an unapproved transaction on my credit card - still not resolved. My new cards pin was locked (4th replacement in a month due to Virgin incompetence) which has cost me more points, and finally the 2 thousand points that were promised as inconvenience money still haven’t been transferred. #yousuckvirgin

They took so long to give us an answer on if we were going to get the money for our home, they have exceeded the finance date, our application has been back to the assessor so many times its ridiculous. They've lied a couple of times saying that we will get an answer In "24 hours". They can only do one thing a day they cant do too much work. Have extended our finance date and still waiting on an answer....

The team made a complex process as easy as it can be, which is a challenge in itself. Well worth the effort once settlement hit, with timely full approval, documentation and time to spare before we did settle. Surprised about some of the reviews left by others, which could be influenced by the fact a home loan needs paperwork to get sorted. A little bit of work to get hundreds of thousands of dollars to help you buy a home is kind of expected. Good work overall Virgin Team!

I wish I saw these reviews here before applying, they are extreme slow and demand every document under the sun. Been 3 weeks since start and still no reply what a waste of time. even 1 start is flattering