Their complicated history involves the Virgin Money brand being acquired by CYBG in 2018 and then the Clydesdale Bank and Yorkshire Bank brands being retired in favour of national Virgin Money UK branding.
UK banking groups.
| Banking brand | Banks in group |
|---|---|
| Virgin Money UK Plc | Virgin Money |
https://youtube.com/watch?v=iUre5ngUSC8
Which Bank owns Yorkshire Building Society?
The society also owns the Chelsea Building Society and Norwich and Peterborough Building Society, as well as Accord Mortgages and the savings business of Egg, which are referred to as the Yorkshire Building Society Group.
Yorkshire Building Society.
| Type | Building society (mutual) |
|---|---|
| Number of employees | 3,300 |
| Website | www.ybs.co.uk |
Is Virgin Money connected to Yorkshire Bank?
Important information. Clydesdale Bank, Yorkshire Bank and Virgin Money are now one bank. Some of the links in the information below will take you to the Clydesdale Bank website.
Who is Virgin Bank linked to?
Virgin Money UK plc is a holding company that owns Clydesdale Bank plc, which in turn trades as Clydesdale Bank, Yorkshire Bank and Virgin Money in the United Kingdom.
Virgin Money UK plc.
| Formerly | CYBG plc (1 October 2015 – 30 October 2019) |
|---|---|
| Type | Public |
| Traded as | LSE: VMUK ASX: VUK FTSE 250 component |
| Industry | Banking, Financial services |
Did Yorkshire Bank buy out Virgin Money?
In 2018, Virgin Money was taken over by the Clydesdale and Yorkshire Bank Group (CYBG) for £1.7bn. “There’s nothing you need to do – we’ll take care of it all.
Are Yorkshire Bank and Virgin the same?
We are very proud to be bringing Yorkshire Bank and Clydesdale Bank together with Virgin Money, under the Virgin brand.
Is Yorkshire Building Society linked to any other bank?
Yorkshire Building Society (YBS) also operates under the trading names of Chelsea Building Society (CBS), Norwich & Peterborough Building Society (N&P) and Egg. YBS is a participant of the FSCS. Therefore, depositors with any of YBS, CBS, N£P and Egg have an overall limit of £85,000 under the FSCS.
Why is my Yorkshire Bank saying Virgin Money?
Virgin Money teamed up with Yorkshire Bank and Clydesdale Bank back in October 2018. Since then, we’ve been working hard to bring all the brands together under Virgin Money, creating one bank with over 6 million customers. Our branch network all across the UK will be getting a Virgin Money makeover.
What Bank is behind Virgin Money?
Virgin Money was merged into Clydesdale Bank plc on 21 October 2019, continuing as a trading name and operating under Clydesdale Bank plc’s banking licence.
Virgin Money UK.
| The headquarters of Virgin Money in Jubilee House, Newcastle Upon Tyne | |
|---|---|
| Industry | Banking, Financial services |
| Founded | 3 March 1995 |
| Founder | Richard Branson |
Who is Virgin Money backed by?
the Bank of Queensland (BOQ) Group
About Virgin Money
As well as being proudly part of the global Virgin brand and network, Virgin Money is 100% owned by the Bank of Queensland (BOQ) Group.
Which banks and building societies are linked?
Linked Banks and Creditors
- Allied Irish Bank. First Trust Bank (NI)
- Bank of Ireland. Post Office.
- Bank of Scotland. Birmingham Midshires.
- Barclays Bank. Barclaycard.
- Co-Operative Bank. Britannia.
- Family Building Society. National Counties Building Society.
- HSBC. First Direct.
- Nationwide Building Society. Cheshire Building Society.
Who owns Virgin Money UK?
Virgin Money UKParent organizations
When did Yorkshire Bank change to Virgin Money?
In 2016 NAB divested its UK operations as CYBG plc which went on to acquire Virgin Money plc in 2018. The Yorkshire Bank name is being phased out in favour of the Virgin Money brand.
Who now owns Yorkshire Bank?
Yorkshire BankParent organizations
When did Yorkshire Bank change to Virgin?
Clydesdale and Yorkshire Banks, as well as app-based bank B, will all be rebranded as Virgin Money by the end of 2021. Yorkshire Bank will begin rebranding in late 2019 and Clydesdale Bank will begin in the second half of 2020. Both banks’ rebranding will be finished by the end of 2021.
Why are Yorkshire Building Society closing accounts?
The Yorkshire, Britain’s second largest building society, will quit the current account market in order to concentrate on mortgages and savings. It will also ditch the Norwich & Peterborough brand from the high street, having taken it over in 2011.
Who did Yorkshire Building Society take over?
The Yorkshire merges with Chelsea Building Society on 1 April 2010. Our combined assets are now of over £30bn, 2.8m members and a network of 178 branches.
Which building societies are linked under FSCS?
Nationwide, Cheshire Building Society, Derbyshire Building Society, Dunfermline Building Society. NatWest. Royal Bank of Scotland. Sainsbury’s Bank.
Is Yorkshire Bank changing its name?
Virgin money was purchased by CYBG, which owns Clydesdale and Yorkshire Banks, last year for £1.7 billion. They announced the rebranding upon completing the deal. What do I do if I am a Yorkshire, Clydesdale of B customer? Customers of the banks that will be changing to Virgin Money do not need to do anything.
Is Virgin Money stopping online banking?
Our mobile app and support systems are currently all operational. Virgin Money Online (VMOL) and Credit Cards are all systems operational.
Can I open a Virgin Money account at Yorkshire Bank?
How do I open a linked savings account? If you want an M Plus Saver, you can set one up using our Virgin Money mobile app, online or by visiting one of our Stores.