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Open a New Virgin Money Go Account & Get 20,000 Bonus Virgin Money Points (Worth $90), $100 Card Spend in 30 Days Required

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Open a New Virgin Money Go Account & Get 20,000 Bonus Virgin Money Points (Worth $90), $100 Card Spend in 30 Days Required
Go to Deal
Lfaithdealer on 05/02/2022 - 08:23 virginmoney.com.au (866 clicks)
Last edited 05/02/2022 - 15:01 by 1 other user

Bank signup bonuses are getting bigger again, everybody!

Welcome Bonus: Offer ends 10 April 2022. New Virgin Money Go Account customers will receive 20,000 bonus Virgin Money Points when they spend $100 or more in the first 30 days on their debit card (settled transactions, not pending) from account opening. Excludes direct debits and BPAY payments.

2000 points = $9 cash
1920 points = $10 Amazon gift card

Use a referral code and share the love in the Ozbargain community:

"By opening an a new Virgin Money Go Account and using the unique referral link that was shared by the referrer as part of the Refer a Friend program, and provided you meet the Welcome Bonus Criteria, the person who referred you may be eligible to earn a referral bonus of 5,000 Virgin Money Points. If you already have the Virgin Money app, you can open a new Go Account via the app and manually enter the referral code shared by the referrer."

Referral Links

Referral: random (305)

Referees will receive 5,000 Virgin Money Points when they open their first Virgin Money Go Account before 31 July 2024 and meet the Welcome Offer Bonus Points Criteria (1 debit card purchase/direct debits/BPAY transaction in the first 30 days).

Referrer will receive 5,000 Virgin Money Points for each referee who meets the Welcome Offer Bonus Points Criteria, for up to 5 referees in a month.

Financial Bank Account Reward Points Transaction Account

Related Stores

Virgin Money
Virgin Money

closed Comments

  • chrism238 on 05/02/2022 - 08:30
    -5

    $9? Pah! Waiting for the return of the good olde days when you received a toaster, or a shotgun.
    Now, get off my lawn!

  • mitty on 05/02/2022 - 08:41

    Also when you one the account currently it appears that for the current and next month you already meet the criteria for bonus interest.

  • FujiFruit on 05/02/2022 - 08:45

    If I close my virgin account now and open a new one would be eligible ?

    • ck009 on 05/02/2022 - 10:01

      Don't think so…..below is from T&Cs

      Earn 20,000 bonus Virgin Money Points when you open a new Virgin Money Go Account before 10 April 2022 and meet the Welcome Bonus criteria:

      (1) Spend at least $100 or more with your Virgin Money Go Account card (purchases must settle, not pending) in the first 30 days of account opening (excludes direct debits and BPAY payments);

      (2) and you must be a person who does not currently or has not previously held a Virgin Money Go Account or Virgin Money Grow Saver

    • SimAus007 on 05/02/2022 - 10:28

      Definitely not, it's in the T's & C's.
      New customers only (never previously had a Go Account or Saver Account with Virgin Money AU).

  • BargainBenno on 05/02/2022 - 08:57

    Will this application result in an entry in my credit reference file? I don’t want too many entries as I prefer to use them for credit card applications.

    • nightelves on 05/02/2022 - 09:26
      +4

      This is a bank account not a credit card application

      • SimAus007 on 05/02/2022 - 09:31

        Exactly a transactions account.

  • hnl on 05/02/2022 - 09:55

    Yay another tax free income

  • damunsta on 05/02/2022 - 11:20
    -2

    Avoid this bank, terrible customer service and customer service availability, not able to withdraw cash. Not worth any benefits

    • TomGum on 05/02/2022 - 11:30
      +1

      Can you please explain more on the why you couldn’t withdraw cash?

    • Sarinella on 05/02/2022 - 12:29
      +1

      They have a very useful online chat. Never had a problem with customer service

  • CyberMurning on 05/02/2022 - 11:55

    Can we redeem the point into reducing balance?

    • nokia3660 on 05/02/2022 - 15:49

      yep, it is called Purchase eraser. BTW this is a transaction account, so you really don't wanna reduce your balance ;)

      • CyberMurning on 05/02/2022 - 16:54
        -1

        Duh sorry forgot.
        So we can redeem the points into cash and they will just deposit into our account?

  • Bab on 05/02/2022 - 13:01

    Their customer service isn’t great but they get back to customers.
    Secondly, $25 spend on Menulog via the app and using Virgin Debit card delivers 2000 points equivalent to $9 in cash.

    • FutureTech on 05/02/2022 - 13:38

      how did you find the menulog offer?

      • Bab on 05/02/2022 - 15:07

        In the app, go to rewards option and earn.

    • nightelves on 09/02/2022 - 21:48

      Did you use the promo code as well?

  • povertytrap on 05/02/2022 - 13:18

    Will try this, thanks OP. Seems to be almost too good to be true though. Are there any account fees associated with this account?

  • AssociatedRolePlayer88 @ Virgin Money on 05/02/2022 - 13:18

    Really bad experience so far. Failed to verify my identity. Got locked out after. Going to take a pass on companies that couldnt even get the first step right

    • FutureTech on 05/02/2022 - 13:38

      got my id verified in 1 min with no issues. might be your end

    • nokia3660 on 05/02/2022 - 15:29

      Never had an issue, was approved almost immediately. AMP wanted me to visit AusPost for ID verification. Apparently diff banks have diff standards

  • ledgisv2 on 05/02/2022 - 13:36

    Does anyone know if there is any account keeping fee?

    Edit : 0 monthly fee

  • FutureTech on 05/02/2022 - 13:42
    +1

    Don't be fooled into thinking this gives you 8 points per dollar spent like I was… it's only 8 points per transaction and will probably only be worth it for very small transactions eg <$1

  • FujiFruit on 05/02/2022 - 14:13
    -2

    They also will bother u and threaten if they are suspicious that u are shopping to earn points

    • CyberMurning on 05/02/2022 - 14:43
      -1

      Proof?

      • FujiFruit on 06/02/2022 - 15:08
        +1

        I received a couple of emails of them that they are suspicious of my spending and may remove my points

        • TomGum on 06/02/2022 - 17:45

          Screenshot of email or it’s fake news!

  • nokia3660 on 05/02/2022 - 22:32

    Does anyone know if the new user is referred, do they get 20k or 25k points? (20k joining bonus & 5k referred bonus)

    • txb on 06/02/2022 - 14:27

      No (try to open your own referral link, referrer gets 5 you still get 20)

      • nokia3660 on 07/02/2022 - 12:56

        yep, saw that. Thanks for confirming

      • toobzy on 08/02/2022 - 01:05

        So no way to get get 25k points? If I open an account with the app I can put in a referral code during sign up but I'll still only get 20k points? Has anyone else tried this?

    • Redrose037 on 15/02/2022 - 11:39

      Just did this and already got the points.

      I have 25K points and my husband 20K points. Only signed up Sunday

  • eddieboy2 on 06/02/2022 - 11:56
    -1

    Hate Virgin money with a passion. Sneaky way to do everything on their credit cards. Nothing is clear.
    Conditions for this bank account offer :
    Over 25 years of age:
    Make and settle 5 Eligible
    Transactions + deposit $2,000
    or more into a Virgin Money Go
    Account held in your name.
    For clarity, for an Eligible Purchase
    with your Virgin Money debit card
    to be counted towards meeting the
    Monthly Criteria, they must also be
    settled (not pending) in that month.

    • txb on 06/02/2022 - 14:29

      Pay id 2xxx in, pay id 1000 back then the other 1000 day after, 5 split transactions at colesworth. Yeah difficult aye.

    • UrMumsOnlyFan on 20/02/2022 - 09:49

      Those Monthly Criteria are only required to activate 8 points per purchase, direct debit and BPAY payment on your Virgin Money Go Account, plus bonus interest on your Virgin Money Boost Saver.

      They are not required to take advantage of this offer. You can hit and run the 20,000 bonus points without having to do the Monthly Criteria, then close the account.

  • ck009 on 06/02/2022 - 14:57

    Guys….please read this before opening the account.

    I opened the account yesterday and provided the ID details as requested (License No/Passport No etc.). Account opened fine and was able to access the account straightaway. Transferred funds in to the account and transferred part of the funds outside as well.

    This morning, tried to login to the account but a message came up saying the account is locked. Called the CS and was told they need further verification documents to unlock the account. They need a copy of my Photo ID, photo of my face alongside the photo ID (a privacy concern) and a copy of another ID. The CS rep could not answer as to why this was communicated during the account opening process and as to why I was allowed to make transaction in the account if the verification process was not completed.

    I have checked the T&Cs and it only mentions that ‘You may be required to provide more information or go to an Australia Post Office to verify your identity. ‘. The T&Cs do not mention about locking the account and denying access to my funds.

    I am going to lodge a complaint with AFCA on Virgin Money re locking my account, denying access to my funds and not being transparent during the account opening process.

  • CyberMurning on 08/02/2022 - 09:50

    used driving licence and got Sorry, we can't seem to verify your details, You'll hear from us soon with next steps so you can open your account.

    but then got temporary access login sms and can login to the app, no account in there so went and setup one.
    looks ok didnt ask for ID again. it says card is on its way.

    weird bank..

  • CyberMurning on 10/02/2022 - 20:35
    -1

    And now getting this sms…

    Hi xxxx, unfortunately we've been unable to complete your Virgin Money 'Spend and Save' application. Please give us a call on 13 81 51.

  • txb on 11/02/2022 - 01:35
    -2

    So what's to stop you from bpaying funds to a $0 balance credit card, for example, making it now in positive credit and transferring it back to the Virgin account and repeating to harvest points?

    Are points capped?

    • JohnHowardsEyebrows on 12/02/2022 - 00:53
      +2

      Large volumes of low value transactions stick out like dog's bollocks. Not hard for companies to identify abuses like that.

      • CyberMurning on 12/02/2022 - 08:23

        And I think $100 spending requirements doesnt include bpay

        • hanofee on 12/02/2022 - 13:26
          +4

          It works via Sniip. I paid $100 of my council rate and got the bonus

  • Redrose037 on 15/02/2022 - 11:40

    I must say I’m impressed. Apply online Sunday and spent $100 with digital card. Got the pints today (Tuesday).

    • UrMumsOnlyFan on 20/02/2022 - 09:54

      Similarly quick for me, though in hindsight I wish I hadn't used the points entirely on $90 cashback.

      Could have gotten a $100 gift voucher for under 18,000 points (e.g. Amazon, Big W, Coles, Woolworths) and then gotten $9 with the remaining points.

      Rookie mistake 🤦‍♂️

    • firestint on 26/02/2022 - 13:34

      Sorry but how do you show the full details for your digital card for online purchases? There was no option in the app for me.

      I can only add to Apple wallet and see a card that’s linked to my go account

      • Redrose037 on 26/02/2022 - 15:29

        You don’t until you get a physical card. You’ll need to use Apple Pay in store or online.

  • povertytrap on 16/02/2022 - 02:02

    Me too, exactly the same! This is a very good deal, surprised not more upvotes.

  • Ash-Say on 19/02/2022 - 13:29

    How do I enter referral code manually?

    • povertytrap on 19/02/2022 - 17:07

      I missed out on that as I didn’t see a promo code in signing up.

    • toobzy on 20/02/2022 - 14:28
      +1

      It only show up when signing up using the app, but I don't think you can get both bonuses

    • nickomac on 28/02/2022 - 12:15

      If you hit them up via live chat they'll apply the referral code for you! They asked me to reach out to them after completing the $100 spend

  • firestint on 26/02/2022 - 14:42

    Seems like there's no digital card with full details for online purchases, so went to Woolies to get a $100 Myer gift card instead as part of this deal.

    So total earned = $100 gift card from this plus an extra $10 for Myer gift card.

  • baron33 on 28/02/2022 - 19:39

    got 20,000 points on the 2nd day

    you can use it for $110 gift card

    • GDayStraya on 03/03/2022 - 13:16
      -1

      Even without spending $100+?

      • CyberMurning on 03/03/2022 - 13:35
        -3

        Geesus…. seriously

  • UrMumsOnlyFan on 04/03/2022 - 08:09

    For some reason the two small test amounts that are charged and then released by Beem It to verify the card are still showing as pending after two weeks. Looks like VM get to claw back $0.69 of my money 😂

  • haha on 11/03/2022 - 11:00

    App keeps crashing and freezing , anyone know how to cancel the accounts?

  • El-Rhi on 23/03/2022 - 10:14

    App is pretty poor, has crashed multiples times on me. I also couldn’t find anywhere to enter the referral code when signing up…. Does anyone know if you can enter it after?

  • El-Rhi on 29/03/2022 - 14:04
    +2

    When using the referral, make sure you use the link below (followed by the 6 digit code) as there is nowhere to actually enter the code itself

    http://virginmoney.com.au/referral?referrerCode=

  • coolsteps on 11/04/2022 - 00:22

    opened one for mum yesterday does the $100 spend need to be done within 30 days or by april 10th?

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