Young woman jumping and pointing at Virgin Money app on phone screen

Unlock your Monthly Criteria to earn Virgin Money Points and bonus interest

Did someone say untapped potential?

The cha-ching checklist (it’s funnier if you say it out loud we promise)

We’re sure someone, somewhere, is working hard to bottle that feeling of untapped potential, like anything is possible. But until that day comes, we’re here to advocate for your potential. That is, potential to unlock your Monthly Criteria to earn Virgin Money Points and bonus interest with your Virgin Money Go Account and Virgin Money Boost Saver.

As it turns out, there are loads of potential rewards just waiting for the right person to tap into. We’re here to help make sure that person is you!

Let’s break it down – What can I earn once I hit my Monthly Criteria?

You get a point, you get a point, errryybody gets a point1

You’ll earn 8 points for every purchase or 4 points if you hold a Joint Account with a mate. It’s so easy to keep earning Virgin Money Points and climb your way to awesome rewards.  So, say you make 30 transactions per month, you’ll score 240 points – easy. And if you happen to make those 30 transactions with any one of our Virgin Money partners, you’ll score even more bonus points – breezy!

Wondering what you can redeem those Virgin Money Points for? We’ve got the answers here.

It doesn’t stop there...

Things are about to get interesting 

Once you’ve cracked the code (aka met the Monthly Criteria ), you’ll be eligible for bonus interest on your bundled Boost Saver Account2. That’s something you just don’t want to miss! Find out more about our latest high-interest savings rate here.  

So, how can I get started?

First, you’ll need to open a new Virgin Money Go Account and Boost Saver (if you already have these, skip this step)

Surprise! We’ve unlocked your Monthly Criteria for the remainder of your first two calendar months. That means you can enjoy all the benefits above as soon as your Go Account is open!

For example, if you’ve opened a new Go Account on the 7th of September, you’ll have up until the 31st of October to earn 8 Virgin Money Points per purchase and bonus interest on your Boost Saver. How good is that?

Once you enter your second calendar month, like October in the above example, head on over to the next step.

I's, T's, Checks and Boxes – AKA Let's get eligible for points and bonus interest

Your next step? Just five settled transactions per month. 

Think about it, it’s the everyday stuff. Coffee, new socks, card for your Mum’s birthday, and that donut you’ve been craving and before you can say Baby when the lights, go out you’ve hit your five transactions for the month and well on your way to qualifying.  

Only one jazz hand required

Too much effort? We got you. Fun fact: all of those "set and forget" transactions add up so you don’t even have to lift a finger to get those runs on the board. Netflix, phone bill, rent, electricity, your gym subscription – just set up your direct debits and we're at five already. See, only one jazz hand required and you’re almost eligible.

Payday vibe

Step 3, harnessing those positive payday vibes. 

All you have to do is set up your hard earned cash to be deposited straight into your Virgin Money Go Account  - and voila! As soon as you deposit $1,000 (if you’re aged between 18 - 24) or $2,000 (25 years +) within the month, you’ll hit your Monthly Criteria. 

Cue the confetti! – You’ve officially unlocked your benefits for next month!

You’ve ticked those boxes, tapped into that potential, and now get ready to earn BIG with Virgin Money Rewards! 

 

Things you need to know

1. 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. 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.