Early November I wrote about Virgin Money International Money Transfer as a new Virgin Flying Club partner. As an introductory offer Virgin Money offered 3000 Virgin Atlantic miles when making your first transaction.
This offer was originally going to end on the 30th November. This has now been extended until the end of January.
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 31st January 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 or TransferWise then you may come out on top but you should definitely do the maths first – the banks are not known for their great rates.