Virgin Money, a division of Bank of Queensland Limited, offers a wide range of financial products and services in Australia. This article provides a general overview of these offerings, including banking, credit cards, insurance, and superannuation. It’s important to remember that this information is for general knowledge and doesn’t constitute financial advice.
Virgin Money Product Portfolio
Virgin Money provides a diverse suite of financial products designed to cater to various needs. These include:
Banking with Virgin Money
Virgin Money offers transaction and savings accounts, including the Virgin Money Go Account bundled with the Virgin Money Boost Saver. New customers can potentially earn bonus Virgin Money Points by meeting specific criteria within the first month of account opening. Full terms and conditions regarding eligibility and fees can be found on the Virgin Money website. Always compare product features and consider your personal financial situation before switching providers.
Virgin Money Credit Cards
Virgin Money promotes and distributes credit cards issued by National Australia Bank (NAB). NAB acquired the credit card business from Citigroup and has appointed Citi to assist in administration. While Virgin Money promotes these cards, it’s crucial to understand that Bank of Queensland does not guarantee NAB’s obligations related to the cards.
Insurance Options from Virgin Money
Virgin Money offers various insurance options, including car, home, and life insurance. For life insurance comparisons, Virgin Money partners with Lifebroker, receiving a commission for each policy purchased through their service. It’s important to note that Lifebroker doesn’t compare all insurers or policies available in the market. Auto & General Services arranges car and home insurance on behalf of Auto & General Insurance Company Limited. Virgin Money earns a commission on these products as well. Before making a decision, review the Product Disclosure Statements, Key Fact Sheets, Target Market Determination, and Financial Services Guide for each insurance product.
Virgin Money Superannuation
Virgin Money Super is a plan within the Mercer Super Trust, issued by Mercer Superannuation (Australia) Limited. For detailed information about this superannuation product, consult the Product Disclosure Statement (PDS) available on the Virgin Money website or by contacting their customer service team.
Home Loans through Virgin Money
Virgin Money promotes and distributes home loans as the authorized representative of Bank of Queensland Limited. Standard credit assessment criteria apply, and fees and charges may be payable. Interest rates are subject to change. Refer to the provided documents for detailed information on fees and charges associated with home loans.
Conclusion: Making Informed Decisions with Virgin Money
Virgin Money offers a comprehensive suite of financial products. Before making any decisions, carefully consider your personal financial situation, needs, and objectives. Review all relevant terms and conditions, fees, and charges associated with each product. Seek professional financial advice if needed to ensure the chosen product aligns with your individual circumstances. You can find more information on the Virgin Money website.
