What's happening?


In October 2018, Virgin Money plc (Virgin Money) joined forces with Clydesdale Bank PLC (Clydesdale).

Virgin Money is currently a separate bank from Clydesdale. To bring the two businesses together as one bank, we're transferring the business of Virgin Money (products and agreements) over to Clydesdale. As long as the Court approves the transfer, we expect this to happen on 21 October 2019.

Just so you know, this kind of transfer is covered under Part VII of the Financial Services and Markets Act 2000 (FSMA).

We'll be working behind the scenes to make the changeover as smooth and seamless as possible. Your existing arrangement(s) with Virgin Money will move across to Clydesdale from that date, and as a result, Clydesdale will be treated as having always been party to those arrangement(s) in place of Virgin Money.

If you think the proposed transfer will have a negative impact on you, you have the right to object. You can email or write to us, and we will forward your objection to the Court if it's easier for you. Or you can object directly, either by going to the Court hearing in person or by sending a legal representative to speak for you. See the 'Want to contact us?' section below on how to get in touch.

While nothing else changes as a result of this transfer, as we bring the two businesses even closer together, we may need to change some of our arrangements with you. Of course, any other contract amendments would be discussed and agreed with you first.

We'd be grateful if you (and anyone else with an interest in the transfer) could take a few minutes to read our Frequently Asked Questions.

In October 2018, Virgin Money plc (Virgin Money) joined forces with Clydesdale Bank PLC (Clydesdale).

Virgin Money is currently a separate bank from Clydesdale. To bring the two businesses together as one bank, we're transferring the business of Virgin Money (products and agreements) over to Clydesdale. As long as the Court approves the transfer, we expect this to happen on 21 October 2019.

Just so you know, this kind of transfer is covered under Part VII of the Financial Services and Markets Act 2000 (FSMA).

We'll be working behind the scenes to make the changeover as smooth and seamless as possible. In reality you won't notice a lot of difference in your day-to-day banking with us. Everything will feel the same as it does now, and you'll still be very much part of the Virgin Money family. Your account(s) will still be Virgin Money branded and our contact details will stay the same.

If you think the proposed transfer will have a negative impact on you, you have the right to object. You can email or write to us, and we will forward your objection to the Court if it's easier for you. Or you can object directly, either by going to the Court hearing in person or by sending a legal representative to speak for you. See the 'Want to contact us?' section below on how to get in touch.

We'd be grateful if you (and anyone else with an interest in the transfer) could take a few minutes to read our Frequently Asked Questions. They include some important information to help you understand what the transfer means for you and how to object if you want to.

For more information on "Clydesdale Bank", "Yorkshire Bank" or "B" products and services, please visit the following pages:

Clydesdale Bank

Yorkshire Bank

B

Got a question?

Want to contact us?

Our dedicated contact centre team are here to help

0800 917 5722* or +44 (0)191 279 3465** if calling from outside the UK.

We're here 9am - 7pm Monday to Friday, and 9am - 3pm on Saturday. We may monitor calls for training and quality purposes, and to make sure we comply with regulations.

You can also email us at virginmerging@virginmoney.com or write to us at FSMA Contact Centre, Virgin Money, Jubilee House, Gosforth, Newcastle upon Tyne NE3 4PL.

Key dates and documents relating to the transfer

View copies of the draft legal documents detailing the terms of the transfer (the scheme), a summary of that scheme and some key dates.

View key dates and documents