Big Thank You to Virgin

subjecttocontract

I asked Virgin to close an account recently. Among other credits I received was one entitled 'Cb' which took me a long time to solve who it was from......answer Virgin Bank. Not really good enough is it ?

friolento

subjecttocontract said:

I asked Virgin to close an account recently. Among other credits I received was one entitled 'Cb' which took me a long time to solve who it was from......answer Virgin Bank. Not really good enough is it ?

CB is what Clydesdale Bank has been using for years. Virgin Money is merely a Marketing brand, which is likely to disappear over time, too, as the licence to use the VM brand expires around 2028-2030.

dnpark38

Virgin Money is being taken over by Nationwide in April.

WillPS

subjecttocontract said:

I asked Virgin to close an account recently. Among other credits I received was one entitled 'Cb' which took me a long time to solve who it was from......answer Virgin Bank. Not really good enough is it ?

Your relationship is with Clydesdale Bank plc, and always has been.

gt94sss2

dnpark38 said:

Virgin Money is being taken over by Nationwide in April.

Nationwide acquired Virgin Money in October 2024.

It is currently in the process of merging the businesses, with a planned formal/legal transfer of Virgin Money's operations into Nationwide - that is what is due in April.

dnpark38

gt94sss2 said:

dnpark38 said:

Virgin Money is being taken over by Nationwide in April.

Nationwide acquired Virgin Money in October 2024.

It is currently in the process of merging the businesses, with a planned formal/legal transfer of Virgin Money's operations into Nationwide - that is what is due in April.

Thank you, other posters think VM is owned by Clydesdale  just what are NW getting please?

Section62

dnpark38 said:

gt94sss2 said:

dnpark38 said:

Virgin Money is being taken over by Nationwide in April.

Nationwide acquired Virgin Money in October 2024.

It is currently in the process of merging the businesses, with a planned formal/legal transfer of Virgin Money's operations into Nationwide - that is what is due in April.

Thank you, other posters think VM is owned by Clydesdale  just what are NW getting please?

Nationwide has got Clydesdale (also Yorkshire), also known as Virgin Money. 

Shakin_Steve

It may have been Closing Balance 

Enzo_L

friolento said:

subjecttocontract said:

I asked Virgin to close an account recently. Among other credits I received was one entitled 'Cb' which took me a long time to solve who it was from......answer Virgin Bank. Not really good enough is it ?

CB is what Clydesdale Bank has been using for years. Virgin Money is merely a Marketing brand, which is likely to disappear over time, too, as the licence to use the VM brand expires around 2028-2030.

The most recent brand licensing agreement for Clydesdale to use the Virgin name runs for six years from October 2024, so expires in October 2030.

Lorian

I've all but given up with Virgin. Too annoying having several platforms with some working on the app and some only working on the web.

gt94sss2

dnpark38 said:

gt94sss2 said:

dnpark38 said:

Virgin Money is being taken over by Nationwide in April.

Nationwide acquired Virgin Money in October 2024.

It is currently in the process of merging the businesses, with a planned formal/legal transfer of Virgin Money's operations into Nationwide - that is what is due in April.

Thank you, other posters think VM is owned by Clydesdale  just what are NW getting please?

Clydesdale and Yorkshire Bank licenced the Virgin Money name and used that in preference to their original names. In that context, Nationwide purchased Clydesdale and Yorkshire Banks and will phase out using the Virgin Money brand.