Switchers will be able to choose between thousands of experiences via the experience days gift card. These range from sky diving and flying lessons to spa days, afternoon tea and weekend getaways.
It’s open to eligible people who are new Plus Account and Club M Account customers.
They also need to be aged 18 or older and resident in the UK.
They cannot already have a Virgin Money, Clydesdale Bank or Yorkshire Bank branded current account, and must not have closed one recently (since February 28, 2021).
Furthermore, they can’t have previously taken up a Brighter Money Bundle offer for switching to Virgin Money.
It’s possible to apply for either of the aforementioned accounts online.
Once the new current account is open, a person must fully switch their existing current account to Virgin Money using the Current Account Switch Service.
This must be done with at least two direct debits.
Switchers must also download and login to the Virgin Money Mobile Banking app.
The final step that’s required to get the £150 gift card offer, at least £1,000 must be paid into the linked M Plus Saver or Club M Saver.
This money must be kept in the account until the gift card is sent to the customer.
Additionally, customers can get an interest rate of 2.02 percent AER (two percent gross per annum variable) on current account balances up to £1,000 as soon as the account has been opened.
According to new research from Virgin Money, Britons are set to spend £38billion of their savings this summer.
It’s expected that more than £700 will be spent per person on average on enjoying life this summer.
Fergus Murphy, Chief Customer Experience Officer at Virgin Money, said: “Nothing will stop us making the most of summer and enjoying all the things we can while we wait for Freedom Day to finally arrive.
“It’s brilliant that so much has been saved since lockdown and hopefully that can continue, but it’s also fantastic that we can finally enjoy and reward ourselves after a really tough time.
“It’s great to see so many people are feeling happier about money and planning to treat themselves, whether that’s on new clothes, having a holiday or in restaurants.
“We want 2021 to be the summer of fun, which is why we’ve partnered with our friends at Virgin Experience Days to offer new and existing customers the opportunity to try something different, whether that be adrenaline-fuelled adventures or taking some relaxing ‘me’ time.”