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How you can benefit

As a mutual, Nationwide is owned by and run for the benefit of its members – customers who bank, save or have a mortgage with Nationwide. You can find out more about what makes you a member here.

Virgin Money’s business transferred to Nationwide on 2 April 2026. As we are now part of Nationwide, this puts us in a stronger position to deliver the benefits of mutual ownership. With greater scale and a presence up and down the UK, we will increasingly be able to do even more to meet your financial needs – from business and personal banking to savings and mortgages. In a way that only a mutual can.

Banking – but fairer, more rewarding and for the good of society.

For more updates on Virgin Money’s transfer to Nationwide, visit https://www.nationwide.co.uk/nationwide-and-virgin-money-transfer/

Some of the benefits of being with Nationwide

  1.  

    A Branch Promise

    Nationwide has promised to keep all Virgin Money branches open until at least the start of 2030. When you want to talk to someone face to face, we are here for you. Please continue to use Virgin Money branches for your Virgin Money accounts.

    To find your nearest Virgin Money branch and check our opening hours, visit virginmoney.com/branch-finder

    Nationwide has also promised to keep its branches open until at least the start of 2030. There are no immediate changes to the branch network or the way you bank with us as a result of the transfer of Virgin Money’s business to Nationwide on 2 April 2026. Currently, Nationwide and Virgin Money branches operate separately.

  2.  

    A way to have your say

    Nationwide’s members and their views are at the heart of the products and services it creates. Nationwide’s Member Voice is a way for members to have their say and make sure their voices are heard. Members take part in discussions, surveys and interviews to help shape Nationwide’s products and services. You can ask to join Member Voice from 2 April 2026.

    Nationwide also holds an online Annual General Meeting (AGM), which gives Nationwide members a chance to have their say, including a vote on who should be on its Board. There are some conditions members need to meet to vote in Nationwide’s AGM. If you do so, you will be able to vote from 2027. You can find out more here

  3.  

    Member only products

    Nationwide sometimes brings out member exclusive offers. For example, in 2025, Nationwide members benefited from a market leading Member Exclusive Bond. These benefits are subject to additional eligibility criteria beyond having a current account, savings or mortgage with us.

  4.  

    A share of Nationwide’s profits

    Nationwide launched its Fairer Share payment in 2023 to reward those members who chose Nationwide for their main everyday current account as well as having eligible savings or a mortgage with Nationwide. You can read the terms and conditions that applied in 2025 here

    Nationwide would like to make Fairer Share payments every year, but it depends on financial performance. The Nationwide Board decides on whether it can make a payment and the eligibility criteria. If a Fairer Share payment is to be made, applicable terms and conditions will be made available.

With more support for our communities

Virgin Money became part of Nationwide on 2 April 2026. This gives us the opportunity to have an even greater impact in our communities.

Since 2007, Nationwide have used 1% of annual pre-tax profits to fund charitable activities and communities up and down the UK.

Working with Centrepoint, Action for Children, Dementia UK and The Royal Marsden Cancer Charity, Nationwide is helping some of the most disadvantaged people in our communities.

Nationwide’s partnership with Dementia UK has enabled it to offer appointments with the charity’s specialist nurses in 200 Nationwide branches. These appointments are available to anyone facing the challenge of living with dementia or caring for someone with the illness. Virgin Money customers are welcome to come into a Nationwide branch to use the service.

To make an appointment with a Dementia UK Admiral nurse, visit Dementia UK Clinics | Nationwide.

How to know if you became a Nationwide member

Following Court approval on 23 February 2026, Virgin Money’s business transferred to Nationwide on 2 April 2026. On that date you became a Nationwide member if you had a Virgin Money:

If you were a business customer of Virgin Money on 2 April 2026, whether or not you became a member depended on the kind of account you had when the transfer happened and type of entity your business is.

You’re likely to have become a member on 2 April 2026 if you were a sole trader, partnership (not a limited liability partnership or a partnership with a body corporate as a partner), or unincorporated body such as a club or voluntary group, and had a:

If you had a Virgin Money buy-to-let mortgage on 2 April 2026 and held no other qualifying Virgin Money, Clydesdale Bank or Nationwide products, you will no longer be a member if, after 2 April 2026, your buy-to-let mortgage(s) has moved to The Mortgage Works, a different company in the Nationwide group, who specialise in this type of loan.

If you were already a member of Nationwide prior to 2 April 2026, this will not change.

You won’t be a Nationwide member if, on 2 April 2026, you only had a Virgin Money business current account or a personal loan, credit card, insurance, investment or pension.

Corporate entities, such as limited companies or limited liability partnerships, did not qualify for membership.

Customers that held products provided by Virgin Money subsidiaries such as Yorkshire Bank Home Loans Limited did not qualify for membership.

Yes. You did not become eligible for membership if you were only:

  • Managing an account on someone else’s behalf, and the account was in their name. For example, under a power of attorney, third-party mandate, or court order.
  • A beneficiary of a trust or similar setup, and the account was in someone else’s name. For example, if an account was in a parent’s name, holding money for their child, only the parent becomes a member. If the account was in the child’s name, the child became a member.
  • A guarantor on a mortgage.
  • A bare trustee or a simple trustee acting on behalf of a corporate entity.

Related links

Nationwide’s Memorandum and Rules.

Nationwide’s Charitable Assignment.

Nationwide’s Summary Financial Statement.