Virgin Money
Virgin Money is a UK financial-services brand acquired by Nationwide in 2024. Its banking business transferred to Nationwide on April 2, 2026, while the brand continues for the time being. The Australian brand has a separate operator.
Contents6 sections
Key facts
October 2024Nationwide acquisition
Nationwide completed its acquisition of Virgin Money on October 1, 2024, bringing the businesses into one group. Continued brand use and subsequent integration of the banking entities were separate matters.[1]
December 2025Investments and pensions transfer
Virgin Money’s customer guidance states that its investment and pension business was sold to Octopus Money on December 1, 2025.[2]
April 2, 2026Banking transfer to Nationwide
The High Court approved the transfer on February 23, 2026 and the banking business moved to Nationwide on April 2. This changed the legal provider for affected accounts and services.[2]
Brand: Continued name and further migration
Official guidance updated in October 2026 says the Virgin Money name remains in use while future systems and branding changes proceed in stages. Its Virgin GroupVirgin GroupVirgin Group is an investment and brand group originating in the record business established by Richard Branson and Nik Powell in 1970. Its network spans aviation, travel, hospitality, health, telecommunications, finance and spaceflight. Virgin-branded businesses have distinct ownership and operating arrangements.Open the full entry heritage does not override the UK banking business’s current Nationwide ownership.[2]
Related Organizations, Websites, and Public Accounts
Virgin Money: Official link: https://uk.virginmoney.com/ (opens in a new window).[2]
Richard BransonRichard BransonRichard Branson is a British entrepreneur and founder of Virgin Group. Beginning with a youth magazine and mail-order records, he expanded into aviation, leisure, telecommunications, finance and commercial spaceflight. He also founded Virgin Unite and is known for ballooning expeditions and his 2021 suborbital flight.Open the full entry: Official link: https://www.virgin.com/branson-family/richard-branson (opens in a new window).[2][3]
Virgin Group: Official link: https://www.virgin.com/ (opens in a new window).[2][4]