Is Virgin Money part of Barclays?
Barclays Bank plc is the ‘deposit-taking licence holder’ for Barclays Bank, Barclays Direct and Standard Life Cash Savings. Clydesdale Bank plc is the ‘deposit-taking licence holder’ for Clydesdale Bank, B, Virgin Money and Yorkshire Bank.
Which banks are owned by Virgin?
Virgin Money teamed up with Yorkshire Bank and Clydesdale Bank back in October 2018.
Who owns Virgin Money UK?
Virgin Group
Clydesdale BankCYBG plc
Virgin Money UK/Parent organizations
Virgin Money has been paying Virgin Group, which is 100% owned by Branson, a billionaire, about £11m-£12m a year in licence fees to use the Virgin name since the takeover. However, the bank’s chief financial officer, Ian Smith, said there were “various provisions on both sides for amending that as necessary”.
What has happened to Virgin Money?
Virgin Money will restart its shake-up in August, shutting 22 branches and merging 30 more into nearby sites, as well as rebranding all Clydesdale Bank and Yorkshire Bank branches under the Virgin Money banner.
Is Virgin Money bank safe?
Know Fraud, No Fraud. Virgin Money is fully supportive of the ‘Know Fraud, No Fraud’ campaign – eight rules designed to keep you and your account safe and secure. Virgin Money will never: Call or email to ask you for your full PIN number or any online banking passwords.
Is my money safe with Virgin Money?
Virgin Money is fully supportive of the ‘Know Fraud, No Fraud’ campaign – eight rules designed to keep you and your account safe and secure. Virgin Money will never: Call or email to ask you for your full PIN number or any online banking passwords. Send someone to your home to collect cash, bank cards or anything else.
Is Virgin bank safe?
Is Virgin Money a good bank?
Virgin Money have been an excellent bank to work with these last few weeks, their customer service team have been very friendly and helpful. Highly recommended.
Who is the owner of Virgin Money UK?
Virgin Money UK plc is a holding company that owns Clydesdale Bank plc, which in turn trades as Clydesdale Bank, Yorkshire Bank and Virgin Money in the United Kingdom. It was formed as CYBG plc by National Australia Bank (NAB) in February 2016, in advance of the divestment of its UK business through a stock market flotation.
When does B and Yorkshire Bank become Virgin Money?
B and Yorkshire Bank, which exist as trading divisions of Clydesdale Bank plc, will begin to use the Virgin Money name in late 2019 and Clydesdale Bank will use the new name from late 2020 to early 2021. In preparation for re-branding, the existing Virgin Money plc was merged into the existing Clydesdale Bank plc on 21 October 2019.
When did Virgin Money get its banking licence?
Virgin Money announced plans to become a retail bank, and attempted to purchase Northern Rock in 2007 before it was nationalised by the British Government. Virgin applied for its own banking licence from the Financial Services Authority in 2009, and gained one through the acquisition of Church House Trust the following year.
Is there a Virgin Money Foundation in the UK?
Virgin Money Foundation. The Virgin Money Foundation is the charitable arm of the bank and was founded in 2015. The bank has initially pledged £4 million to the charity over 4 years, and the UK Government has committed to match that pledge.
https://www.youtube.com/watch?v=AiIj0meT5G4
