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6 fun ways to get money fit

Looking to grow your money muscles? The trick to getting money fit is to work smarter, not harder. And with Virgin Money it’s easy when you know how.

It all comes down to getting the basics right and making every cent count with your everyday banking.  Virgin Money can help you get more from your daily spending, supercharge your savings and give you the right tools to get you there, with their new mobile banking app. You won’t believe just how rewarding it is.

1. Spend smart1

We all know it’s important to budget and keep track of our spending. So when you do spend money, be smart about it. Look to get rewarded with your everyday bank account. With the Virgin Money Go transaction account, simply meet the Monthly Criteria in the previous month and you’ll be rewarded with an easy 8 Virgin Money Points for every purchase, direct debit and BPAY payment you make. Yep that’s points for coffee, paying your mobile bill, lunches… or however you like to spend.

Then use your points for what matters to you – helping your money go further.

  • Swap Virgin Money Points for cashback into your bundled high interest Virgin Money Boost Saver or enjoy some guilt-free spending on your Go Account.
  • Use the purchase eraser on yesterday’s lunch and it’s like it never happened.
  • Or use them for a Gift Card for your or perhaps, someone else

2. Save smart with a high interest savings account2

Having a dedicated account is an absolute must when it comes to savings. It helps you keep your spending money separate from money you’re putting aside for that special something. When you open a Virgin Money Go Account, it comes bundled with a high interest savings account – Virgin Money Boost Saver.

You’ll get up to 1.2% p.a. on your bundled Boost Saver when you meet the Monthly Criteria. Having a high interest saving account will help you see your goals become a reality sooner. T&C’s apply.

3. Set personalised savings goals

It’s easier to save when you know what you’re saving for. So, get specific and set some goals. With Virgin Money you can set up to 9 personalised savings goals on your Boost Saver for things like ‘new wheels’, ‘rainy day funds’, ‘house deposit’ or ‘getting rid of debt’. That way you can keep your eyes on the prize and track your progress as you go.

4. Turn spare change into savings3

Remember how we said make every cent count? Save a little more whenever you spend by using your spare change wisely. Choose to Round Up your Virgin Money Go Account purchases to the nearest dollar and send the difference between the purchase price and the next highest dollar straight into your linked Virgin Money savings account. So, you’ll be saving every time you make a purchase without lifting a finger.

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5. Say goodbye to spreadsheets

Remember, you don’t have to go this alone. Make the most of technology to wrangle your money into shape. The Virgin Money app is packed with tools and tricks to turn you into a money ninja – all at your fingertips. Set goals to supercharge your savings, set yourself spend budgets, categorise and track your spending, and never miss a bill again with their bill tracker.

6. Rock special offers4

Hot tip, keep an eye out for rewards and take advantage of any partner offers available to you. With Virgin Money Rewards you’ll get access to heaps of partner offers to boost your points balance, even booking your next hotel stay with Virgin Money can earn you 5 bonus points per dollar spent. Virgin Money like to give and are thinking on ways to help customers earn rewards, like this welcome offer:

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Get 5,000 bonus points when you open your first Go account5.

Simply open your first Virgin Money Go account and get 5,000 bonus Virgin Money Points after you make your first purchase within 30 days of opening your account. 

That's already enough for a $20 gift card with one of our many partners like THE ICONIC, Amazon, Bunnings or Coles. You can even transfer the points to cash back into your account or erase a purchase you've made on your Go account!6

And don’t forget to share the love. Refer a friend and you’ll both get 5,000 bonus Virgin Money Points.

What is the Monthly Criteria?

To earn 8 points per purchase, direct debit and BPAY payment on your Virgin Money Go Account, plus bonus interest on your Virgin Money Boost Saver, you need to meet the Monthly Criteria in the previous month. it’s as easy as setting up my salary with my employer so I don’t have to remember. 

The Monthly Criteria vary by age:

  •  If you are 25 years and older, deposit $2,000 or more into your Go Account from another financial institution (such as your salary), and make at least 5 debit card purchases, direct debits or BPAY payments in the previous month which settle in that month (not pending)
  •  If you are between 18 and 24 years, deposit $1,000 or more into your Go Account from another financial institution (such as your salary), and make at least 5 debit card purchases, direct debits or BPAY payments in the previous month which settle in that month (not pending)
  •  If you are between 14 and 17 years, no Monthly Criteria apply in order to earn the benefit.

 

Get money fit, enjoy rewards, and get more for your everyday banking.

Learn More

 

 

Terms and Conditions

1. Go Account: You will earn 8 Virgin Money Points for any debit card purchase, direct debit or BPAY payment on your Virgin Money Go Account if you have met your Monthly Criteria in the previous month. The Monthly Criteria vary by age and includes a minimum deposit and minimum number of transactions each month that must be made into a Virgin Money Go Account that is issued in the same name. Monthly Criteria:

  • - If you are 25 years and older, deposit $2,000 or more into your Go Account from an external account, and make at least 5 debit card purchases, direct debits or BPAY payments in the previous month which settle in that month (not pending)
  • If you are between 18 and 24 years, deposit $1,000 or more into your Go Account from an external account, and make at least 5 debit card purchases, direct debits or BPAY payments in the previous month which settle in that month (not pending)
  • If you are between 14 and 17 years, no Monthly Criteria apply in order to earn the benefit.

For customers who open a Virgin Money Go Account jointly with another person, the points will be split and evenly allocated to both joint account holders of that account once the Monthly Criteria has been met. For further information refer to our Virgin Money Rewards terms and conditions.

2. Boost Saver: The Virgin Money Boost Saver Highest Variable Interest Rate is made up of a Base Rate of Interest 0.10% p.a. plus a Bonus Interest Rate of 1.10% p.a. when the Monthly Criteria are met (outlined in the full terms and conditions) on the Virgin Money Go Account in the previous month. The Virgin Money Boost Saver Bonus Interest Rate applies up to the aggregate balance of $250,000 across all Boost Savers that are held in the same name. It is applicable for any month, where the Monthly Criteria were achieved on your Go Account in the immediately preceding month. The Monthly Criteria below must be made into a Virgin Money Go Account that is in the same name as your Boost Saver:

  •  If you are 25 years and older, deposit $2,000 or more into your Go Account from an external account, and make at least 5 debit card purchases, direct debit or BPAY payments in the previous month which settle in that month (not pending)
  • If you are between 18 and 24 years, deposit $1,000 or more into your Go Account from an external account, and make at least  5 debit card purchases, direct debit or BPAY payments in the previous month which settle in that month (not pending)
  • If you are between 14 - 17 years, no Monthly Criteria apply in order to earn the Bonus Interest Rate.

3. Round-ups are transfers that you can elect to activate on your Go Accounts. By enabling this feature on your Go Account, funds are transferred from the selected Go Account to your nominated savings account each time you make a debit card transaction. The amount of the transfer will be up to the nearest $1 of the amount that the transaction takes place. Round-up transactions will not take place if by making the transaction your account would be Overdrawn. You can disable the round-up feature through the Mobile app at any time.

4. Partner offers: From time to time we may offer you the ability to earn Bonus Points or other benefits with selected partners. Specific offer terms will be set out individual conditions at the time the offer is made to you. Offers mentioned in the article above are correct at the time of writing

5. 5K bonus point offer:  New Virgin Money Go Account customers will receive 5,000 bonus Virgin Money Points when they make at least one purchase which settle in that month (not pending) with their Virgin Money Go Account or make a direct debit or BPAY payment in the first 30 days from account opening. For customers who open a Virgin Money Go Account jointly with another person, the points will be split and evenly allocated to both joint account holders of that account once the Monthly Criteria have been met. Virgin Money reserves the right to amend or withdraw this offer at anytime without notice. For further information on the Virgin Money Rewards Program refer to our terms and conditions. Offer ends 31 January 2022.

6. Redmeptions options: Redemption value is correct as at 14 October 2021 and subject to change without notice.  Subject to the terms and conditions of the Virgin Money Rewards program available here.

IMPORTANT: Please share your referral link responsibly and only refer close friends and family who might be genuinely interested in a Virgin Money Go Account. Specifically, you must not “spam” other individuals to open a Virgin Money Go Account via unsolicited email, direct mail, newsgroups, message boards, or any other means for purposes of referring a friend. You will only make direct referrals without using any merchant site, keyword bids, black hat SEO, paid advertisements (e.g., pay per click), or other similar methods. You must comply with all applicable laws and regulations, including without limitation those related to the Spam Act 2003 (Cth), trademark, and privacy laws.