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Virgin Money transfers to Nationwide accounts, cards, and savings explained
The transfer creates a larger mutual banking group on the UK high street with around four million members sharing £400 million in loyalty bonuses in 2025.
- A UK court has rubber-stamped the transfer, legally folding Virgin Money into Nationwide effective after the 2024 deal was announced, with no immediate disruptions to accounts. The approval finalizes the move to create a mutual powerhouse on the UK high street.
- The 2024 deal was first announced to combine Virgin Money into a `mutual` organisation on the UK high street, with a legal transfer approved from April 2, 2026.
- For customers, sort codes, account numbers, cards, and PINs will continue to work, so bills, direct debits, and standing orders run as before, with Nationwide’s name appearing on communications.
- Nationwide will announce the 2026 Fairer Share bonus decision with full-year results in May; members must keep accounts open until 31 March 2026 and hold £100 in savings or mortgage to qualify.
- The Virgin Money brand will be phased out over four to six years, with high-street rebranding expected to complete by 2030, and customers will receive advance notice.
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