Is Virgin Money Going Bust?

Is Virgin Money Going Bust?

Thirty one Virgin Money stores will close in early 2022 – bosses say they hope to find alternative roles for affected staff. Virgin Money has announced plans to close 31 branches following more customers switching to online banking throughout the Covid-19 pandemic.

What Virgin banks are closing in Scotland?

The branches – which will close early next year – are in Airdrie, Banchory, Broughty Ferry, Cumbernauld, East Kilbride, Galashiels, Milngavie, Musselburgh, Oban, Portree, Stenhousemuir and Wick. All are located less than a third of a mile away from the nearest Post Office, the firm said.

Where is Virgin Money head office?

Newcastle upon Tyne, United Kingdom
Virgin Money UK/Headquarters

What bank is behind Virgin Money?

Clydesdale Bank plc
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)
Industry Banking, Financial services
Founded 1 October 2015

What is happening to Virgin Money?

Virgin Money will restart its shake-up in August, shutting 22 branches and merging 30 more into nearby sites, as well as rebranding all Clydesdale Bank and Yorkshire Bank branches under the Virgin Money banner.

Is my money safe in Virgin Money?

Virgin Money is fully supportive of the ‘Know Fraud, No Fraud’ campaign – eight rules designed to keep you and your account safe and secure. Virgin Money will never: Call or email to ask you for your full PIN number or any online banking passwords. Ask you to email or text personal or banking information.

Is Virgin Bank closing down?

Virgin Money has announced it will be shutting 31 branches across England and Scotland next year. The closures are set to finish by early 2022 and just 131 Virgin Money branches will remain. Virgin Money is the latest bank to make major cuts to its network.

Who owns Clydesdale Bank now?

CYBG plc
Clydesdale Bank plc
Clydesdale Bank/Parent organizations

Is my money safe with Virgin Money?

Why is Virgin Money closing?

Why is Virgin Money closing these bank branches? Virgin Money says the decision to close some of its bank branches is down to customers switching to online banking during the coronavirus pandemic. It says the number of customers using its bank branches has been in decline for a number of years.

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