Nationwide Completes Acquisition of Virgin Money

Today, Nationwide completed its acquisition of Virgin Money. The combination of both businesses will result in a mutually owned, full-service organisation with enhanced investment in customer service and a wider range of products. Together, they will be the UK’s second largest provider of mortgages and savings accounts. Virgin Money and Nationwide are excited about their future as two purpose-driven businesses with a shared goal of supporting their customers, colleagues and communities. Virgin Money Stores are now included in Nationwide’s Branch Promise. This means that everywhere there is a Virgin Money Store, they promise to still be there until at least the start of 2028. For now, it's very much business as usual – there's no impact to Virgin Money (or Clydesdale and Yorkshire Bank) products and services. Customers who have savings with both Virgin Money and Nationwide will continue to benefit from the maximum protection offered by the Financial Services Compensation Scheme on each of their Virgin Money and Nationwide accounts. Fraudsters often take advantage of times of change to try and persuade people to share personal or financial information. We’ll never ask you for security details, whether over the phone, by email or via any other channel, so if someone does – please don’t share this information with them. They will continue to keep our website up to date with the latest news and our teams are as committed as ever to delivering great service to you. As they integrate Virgin Money and Nationwide carefully over time, the benefits we offer to our customers will only increase.