What is happening to the Clydesdale Bank?

What is happening to the Clydesdale Bank?

The Clydesdale Bank brand will be ditched despite being established back in 1838. It survived after being acquired by Midland Bank in 1920 and when it was sold to National Australia Bank in 1989. Yorkshire Bank, the other brand to be dumped, dates back to 1859.

What is the new name for Clydesdale Bank?

Virgin Money
The rebranding of Clydesdale Bank into Virgin Money is largely complete, the so-called “challenger” banking group has announced.

Can I pay money into Clydesdale Bank at Post Office?

The quickest and easiest way to pay cash into your account at a Post Office branch is by using your debit card. The cash will be counted in your presence and will be credited to your account immediately if paid in before 4pm on a Business Day.

Is Virgin Money taking over Clydesdale Bank?

Important information. Clydesdale Bank, Yorkshire Bank and Virgin Money are now one bank. Some of the links in the information below will take you to the Clydesdale Bank website.

Did Virgin Money buy Clydesdale Bank?

The acquisition of Virgin Money plc was completed on 15 October 2018. The assets of Virgin Money plc were legally merged into Clydesdale Bank plc on 21 October 2019.

Which Clydesdale Bank branches are closing?

The lender insisted any decision to close a branch was based on a number of factors including location and customer usage. The 12 branches in Scotland earmarked for closure are Airdrie, Banchory, Broughty Ferry, Cumbernauld, East Kilbride, Galashiels, Milngavie, Musselburgh, Oban, Portree, Stenhousemuir, and Wick.

Who now owns Clydesdale Bank?

CYBG plc
Clydesdale Bank plc
Clydesdale Bank/Parent organizations

Is Barclays part of Clydesdale Bank?

Barclays Partner Finance is a trading name of Clydesdale Financial Services Limited, a wholly owned subsidiary of Barclays Bank PLC. Clydesdale Financial Services Limited is authorised and regulated by the Financial Conduct Authority (Financial Services Register number: 311753).

Which banks can you pay into at the Post Office?

These banking services are available for free to customers of 28 banks, including all the high street big names such as HSBC, Barclays and NatWest. The Post Office says it’s able to serve 99% of UK banking customers.