Virgin Money is now part of Nationwide
Following Court approval on 23 February 2026, Virgin Money’s business transferred to Nationwide on 2 April 2026. This means that a maximum of £120,000 of your combined eligible deposits with Virgin Money and Nationwide are protected under the Financial Services Compensation Scheme (FSCS).
Your eligible deposits held by a UK establishment of Nationwide Building Society are protected up to a total of £120,000 by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme. This limit is applied to the total of any deposits you have with Nationwide Building Society and Virgin Money. Any total deposits you hold above the limit between these brands are unlikely to be covered.