Virgin Money International Money Transfer has returned as a Flying Club partner – but only for a few months.
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.
Note the slightly confusing deadlines for this.
You need to be a Virgin Atlantic Flying Club member and not already have a Virgin Money International Money Transfer account
You need to open an account by 31st January but you have until 30th April 2018 to actually make your first transaction
If your first transaction is over £1000 you will qualify for the 3000 miles which 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.
PS. Remember that Virgin Money is also offering 6,000 Virgin Flying Club miles for opening an ISA at the moment – details are on the Virgin Atlantic site here.
PPS. Virgin Money is also taking over the Virgin Atlantic credit cards which will be relaunched early in 2018.
(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.)