An update on Virgin Money and Nationwide
Updated on 19 July 2024
Today the Competition and Markets Authority (CMA) has unconditionally cleared Nationwide Building Society’s acquisition of Virgin Money. Getting the green light from the CMA is another important milestone and means that the transaction is still on track to complete in the fourth quarter of this year.
For now, there’s no impact to your Virgin Money products or services (including Clydesdale and Yorkshire Bank), and no changes to FSCS deposit protections. If anything changes in the future, we’ll let you know in advance.
This is an exciting time as we look forward to a future as a strong combined group, with a wider range of products and services for all our customers.
Just so you know, fraudsters often take advantage of times of change to try and persuade people to share personal or financial information. We’ll never ask you for security details, over the phone or by email, so if someone does – please don’t share this information with them.
We’ll continue to keep our website up to date with the latest news and our teams are as committed as ever to delivering great service to you.
Thank you again for continuing to be a loyal customer.
The team at Virgin Money
Previous updates
A further update on Virgin Money and Nationwide
Hello,
We’ve been keeping you up to date about the acquisition of Virgin Money by Nationwide and wanted to share the latest news. We’re pleased to announce that on 22nd May 2024, Virgin Money shareholders voted for the acquisition to proceed. This is a positive step towards our future as a strong combined group, with a wider range of products and services for all our customers.
The sale is still expected to complete in the fourth quarter this year, and Virgin Money will continue to operate as a separate business for some time after completion. For now, there’s no impact to your Virgin Money products or services (including Clydesdale and Yorkshire Bank products and services), and no changes to FSCS deposit protections. If anything changes in the future, we’ll let you know in advance.
Just so you know, fraudsters often take advantage of times of change to try and persuade people to share personal or financial information. We’ll never ask you for security details, over the phone or by email, so if someone does – please don’t share this information with them.
We’ll keep our website up to date with the latest news and our teams are as committed as ever to delivering great service to you.
Thank you again for continuing to be a loyal customer.
David Duffy
CEO
Important update for our customers
Following the news from earlier this month about the potential acquisition of Virgin Money by Nationwide, we wanted to let you know that both businesses have agreed to the terms of a recommended transaction.
The sale is expected to complete in the fourth quarter this year, and Virgin Money will continue to operate as a separate business for some time after completion. For now, there’s no impact to your Virgin Money products or services (including Clydesdale and Yorkshire Bank), and no changes to FSCS deposit protections. If anything changes in the future, we’ll let you know in advance.
This is an exciting time as we look forward to a future as a strong combined group, with a wider range of products and services for all our customers.
Unfortunately, fraudsters often take advantage of times of change to try and persuade people to share personal or financial information. We’ll never ask you for security details, over the phone or by email, so if someone does – please don’t share this information with them.
We’ll keep our website up to date with the latest news and our teams are as committed as ever to delivering great service to you.
Thank you again for continuing to be a loyal customer.
David Duffy
CEO