Virgin Money International Money Transfer has been quietly added to the Virgin Flying Club website as a new partner. If you try this service now you can get 3000 Virgin Atlantic miles when making your first transaction.
Virgin Money promises a best price guarantee on all international money transfers, although as this guarantee excludes internet specialists such as Azimo and TransferWise you should treat it with a pinch of salt.
In order to get ‘the best price on the high street’, you need to register an account with Virgin Money and provide the quote you received from any high street bank in writing within three hours of receiving it. Virgin Money will then give you a matching quote.
You need to be a Virgin Atlantic Flying Club member and make your first transaction by 30th November to qualify for the 3000 miles.
The minimum transaction value is £1000 and the miles will be credited to your account within 60 days.
This is not necessarily a ‘no brainer’ deal. The miles are worth around £30 at best and you need to transfer £1000. If the Virgin rates are close to Azimo then you may come out on top but you should definitely do the maths first – the banks are not known for their great rates.
(Want to earn more Virgin Flying Club miles? Click here to see our recent articles on Virgin Atlantic and Flying Club and click here for our home page with the latest news on earning and spending other airline and hotel points.)