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Bringing Nationwide and Virgin Money together 

Find out how Nationwide and Virgin Money are coming together and how you can find any support you need.

Published on: 1 December 2025

What’s happening

In October 2024, Virgin Money and Nationwide Building Society became part of the same group.

Virgin Money is currently a separate entity from Nationwide. To bring the 2 businesses together, we’re transferring the business of Virgin Money over to Nationwide. As long as the Court approves the transfer, we expect this to happen on 2 April 2026.

We’re working to make the transfer as smooth and seamless as possible.

Nationwide accounts will not be impacted by the transfer. If you hold 1 or more Virgin Money accounts, we’ll contact you directly to explain the next steps.

Either way, the transfer won’t change your day-to-day banking, and you can continue to manage your account(s) in the same way as you do today.

As we bring the 2 businesses together after the transfer, we may make some changes. If a change impacts you, we’ll give you plenty of notice and explain what this means to you.

To learn more about the transfer including key dates, documents, and how to object, visit Virgin Money’s transfer page.

What if I have accounts with both Nationwide and Virgin Money?

Your money will continue to be protected by the Financial Services Compensation Scheme (FSCS).

Before the transfer completes on 2 April 2026, your protection applies separately:

  • Up to £120,000 per person, or £240,000 for joint accounts – with Nationwide
  • And up to £120,000 per person, or £240,000 for joint accounts – with Virgin Money

Once the transfer completes, your total combined deposits will be covered up to £120,000 per person, or £240,000 for joint accounts – with Nationwide and Virgin Money.

If you are going to be over the limit, we will be in touch in February 2026 to explain your options.