B was a banking brand in the United Kingdom which operated between 2016 and 2019 as a trading division of
Clydesdale Bank plc
Clydesdale Bank plc is a retail and commercial bank in the United Kingdom. It was formed in Glasgow, Scotland in 1838, and is the only former Scottish bank which retains its UK headquarters in Scotland, following the implosions in 2008 of the Ba ...
. B focused on app-based banking and computer learning of personal finances to help customers manage their money.
History
B offered an app-based current accounts that is paired with a savings account. B's bank cards use the
Mastercard system for both debit and credit cards.
B also offered a credit card, with a selling point of consistently low interest rates and no foreign transaction fees.
In June 2019
CYBG 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. It was formed as CYBG plc by National Australia Bank (NAB) in February 201 ...
, the parent company of
Clydesdale Bank plc
Clydesdale Bank plc is a retail and commercial bank in the United Kingdom. It was formed in Glasgow, Scotland in 1838, and is the only former Scottish bank which retains its UK headquarters in Scotland, following the implosions in 2008 of the Ba ...
announced that the B brand was to be phased out and replaced by the
Virgin Money
Virgin Money is a financial services brand used by two independent brand-licensees worldwide from the Virgin Group. Virgin Money branded services are currently available in Australia and the United Kingdom. The brand formerly operated in South Af ...
brand in December 2019.
B closed applications for new current accounts on 4 December 2019 and existing B accounts were re-branded as Virgin Money the following day.
See also
References
External links
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{{Commercial and retail banks in the United Kingdom
Banks established in 2016
Companies based in Glasgow