Is Virgin Money Closing Down?

Who owns Virgin Money now?

CYBG plcVirgin Money UK/Parent organizations.

Is Virgin Money any good?

Virgin has been consistently strong in the credit card market and currently offers a competitive choice of card options for purchase and balance transfer customers. Current card terms include 0pc on balance transfers for 20 months, after which you pay a competitive 16.8pc APR.

Is Virgin Money being taken over?

Virgin Money has agreed to be taken over by the Clydesdale and Yorkshire Bank Group (CYBG) for £1.7 billion. As part of the merger, the Clydesdale and Yorkshire bank brands will disappear from the high street and be switched over to Virgin Money.

Are Virgin lounges closing?

To ensure we’re doing as much as we can to protect customers and colleagues, and do what we can to slow the spread of coronavirus, we have taken the tough decision to close the Virgin Money Lounges and co-working areas of our stores. During this time we won’t be serving refreshments or holding any events.

Which Virgin Money stores are closing?

The bank is to close Virgin Money branches at Gateshead, South Shields and Giffnock, while Clydesdale will close sites at Crieff, Dingwall, Dumbarton, Dyce, Edinburgh and Wishaw.

What bank is Virgin Money?

The owner of Clydesdale Bank and Yorkshire Bank, CYBG, has agreed to buy Virgin Money for £1.7bn. Under the deal, all the group’s retail customers will be moved to Virgin Money over the next three years. It will be the UK’s sixth-largest bank, with about six million customers, but 1,500 jobs are likely to go.

Can I bring a guest into virgin Lounge?

5.5 Invited Guest access (b) Invited Guests must be accompanied by a Member, Velocity Platinum Member or Velocity Gold Member at all times while in the Lounge, but need not be travelling. Business Class Guests who are eligible to access the Lounge are not permitted to have Invited Guests.

Does Yorkshire Bank still exist?

Yorkshire Bank is a trading name used by Clydesdale Bank plc for its retail banking operations in England. Yorkshire Bank was founded in 1859 as the West Riding Penny Savings Bank and adopted its present name in 1959. … The Yorkshire Bank name is expected to be phased out in favour of the Virgin Money brand during 2020.

Who owns Virgin?

Virgin GroupVirgin Atlantic/Parent organizations

Is Clydesdale Bank now Virgin Money?

Clydesdale is part of the Virgin Money group. Clydesdale trades as “Clydesdale Bank”, “Yorkshire Bank”, “B” and now “Virgin Money”. Based in Glasgow, they have over 175 years of history and offer a full range of banking products and services.

Is Virgin bank safe?

Are my savings safe? The Financial Services Compensation Scheme (FSCS) protects up to £85,000 of the money you deposit per institution. Under the current rules, you can deposit up to £85,000 with Virgin Money and the same amount across Clydesdale Bank, Yorkshire Bank and its digital bank B with full protection.

Can you buy access to Virgin Lounge?

The lounges are quite modern, with a very ”Virgin” design and fit-out. … Unlike its rival Qantas, Virgin Australia permits passengers to buy a single-entry lounge pass at a cost of $65. This can be purchased with a credit or debit card at lounge reception on the day of travel, from 2 hours before departure.

Does Branson own Virgin Money?

Virgin Money has been paying Virgin Group, which is 100% owned by Branson, a billionaire, about £11m-£12m a year in licence fees to use the Virgin name since the takeover.

Who is Clydesdale Bank owned by?

Virgin Money UK PLCWe are part of Virgin Money UK PLC, one of the UK’s leading banking groups.

Does Richard Branson profit from Virgin Money?

Virgin Money Giving has not been owned by Richard Branson since 2018. But even though Branson himself might not be making a direct profit from donations, people have emphasised that these fundraisers raise Virgin’s profile (even if this specific company isn’t technically owned by him).