Notice for and on behalf of Virgin Money
We’re bringing Nationwide and Virgin Money together
In October 2024, Clydesdale Bank PLC, trading as Virgin Money (“Virgin Money”), and Nationwide Building Society (“Nationwide”) became part of the same group. We’re now working towards Virgin Money’s business becoming part of Nationwide on 2 April 2026, if the Court approves the transfer.
You don’t need to take any action right now, but please read this email carefully. We’ve also included a ‘Your third party questions answered’ section on our website, plus a summary of the terms of the transfer and a copy of the formal notice of the transfer, at virginmoney.com/nationwide-transfer/other-third-parties
Next steps
A Court hearing needs to take place to decide whether to approve the transfer. This Court hearing is due to take place in the High Court in London on 23 February 2026, though this date may change. If it does, we’ll update our website at virginmoney.com/nationwide-transfer
If the Court approves the transfer, Virgin Money’s business will transfer to Nationwide by a Court Order under Part VII of the Financial Services and Markets Act 2000 on 2 April 2026. This date may also change, and if it does, we’ll update our website.
The transfer will happen automatically. We’ve worked closely with our regulators to make sure the transfer will be as smooth as possible.
Objecting to the transfer
If you’d like to object directly to us, please get in touch by 9 February 2026, and we’ll send a copy of your objection to the Court before the hearing on 23 February 2026.
You can call our dedicated team on 0800 066 5008* (or 00 44 141 880 2050** if you’re calling from outside the UK). We’re here from 8am to 6pm, Monday to Friday and 9am to 3pm on Saturdays.
If you prefer, you can also email us at nationwide-transfer@virginmoney.com or write to us at:
Nationwide Transfer
The team at Virgin Money
Sunderland
SR43 4JB
We will reply to all objections we receive and submit copies of these objections to the Court, as well as to the Prudential Regulation Authority and the Financial Conduct Authority.
If you want to object directly to the Court, you’ll need to do this in person by going to the hearing or sending a legal representative to speak for you. This is because the Court does not accept objections in writing.
You won’t be able to object after the Court hearing on 23 February 2026.
For more details on how you can object, take a look at Q6 in the ‘Your third party questions answered’ section on our website at virginmoney.com/nationwide-transfer/other-third-parties
Staying safe and avoiding fraud
Fraudsters often take advantage of times of change to try and persuade people to transfer money or share personal or financial information.
Please be extra vigilant if you’re contacted by phone, email or text from someone claiming to be from Virgin Money or Nationwide, asking you to take action. If you’re suspicious, stop all contact and call your existing contacts in Virgin Money and Nationwide.
Looking ahead
We will send a further communication closer to the time of the transfer confirming the exact arrangements, instructions and timing. This will include information on transferring your panel membership.
This is an exciting time for Virgin Money and Nationwide, and we look forward to continuing to build on our existing relationship with you.
Damian McVey
Head of Customer Operations – Virgin Money
*Calls may be monitored or recorded. Calls to 0800 numbers are free from personal mobile phones and residential UK landlines.
** Additional call charges may apply, please check with your phone provider.
Clydesdale Bank PLC (trading as Virgin Money) is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Financial Services Register No. 121873. Credit facilities other than regulated mortgages and regulated credit agreements are not regulated by the Financial Conduct Authority. Clydesdale Bank PLC is registered in Scotland (No. SC001111). Registered Office: 177 Bothwell Street, Glasgow G2 7ER.