Those of you who are with the Virgin Money saver account does anyone know the structure of their alliance with Citibank? Virgin Money saver is Pty ltd co?
The govt will not be guaranteeing funds after 1 oct 2011 is that right?
What is the daily maximum with withdrawal with Virgin money?
Was only able to find answers to some of your questions.
Q. What is the daily transaction limit for transfers?
A. There are no maximum amount limits that can be withdrawn per day by accessing Virgin Money Online. However for amounts greater than $100,000 you'll need to complete our online 'Request a Manual Transfer of Money' request by heading to 'My Accounts' and then 'Manage my Account' and selecting this option.
As for the government guarantee this is all i could find http://www.guaranteescheme.gov.au/qa/closure.html
Hope this helps.
Thans BargainHunter for your reply. The thing with the Virgin account is that its very hard to find out who are the actual people behind Virgin Money Pty Ltd and how safe your money is with them
I called the Call centre to ask who such questions and they had absolutely no idea. Seems like a difficult way to transfer money out. I am with St George and I can transfer amounts from my online account to my St george checking account easily and without any manaul requests.
http://virginmoney.com.au/money/about/ They are a part of the global Virgin group which is owned by Sir Richard Branson.
Anyone???