Where did Clydesdale Bank come from? (2024)

Where did Clydesdale Bank come from?

Clydesdale Bank was founded in 1838 in Glasgow and has a proud history of innovation and support for Scottish industry and communities. Though times have changed, the customer still remains the focus of all our endeavours. Each and every branch is dedicated to its local community.

Who are Clydesdale Bank owned by?

We are part of Virgin Money UK PLC, one of the UK's leading banking groups.

Is Clydesdale Bank now Virgin Money?

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.

When did Clydesdale Bank take over Virgin Money?

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.

Do Clydesdale Bank still print money?

Banknote history

In Scotland, Clydesdale Bank, the Royal Bank of Scotland and Bank of Scotland still print their own banknotes.

Which Bank took over Clydesdale Bank?

In June 2018, it was announced that CYBG would acquire Virgin Money for £1.7 billion in an all-stock deal, and that the Clydesdale and Yorkshire Bank public brands would be phased out in favour of retaining Virgin's brand, including the renaming of CYBG plc to Virgin Money UK plc.

Did Virgin Money buy Clydesdale Bank?

Virgin Money teamed up with Clydesdale Bank and Yorkshire Bank back in October 2018. Since then, we've been working hard to bring all the brands together under Virgin Money, creating one bank with over 6 million customers. Our branch network all across the UK will be getting a Virgin Money makeover.

Is Clydesdale Bank safe?

Clydesdale Bank PLC is a member of the Financial Services Compensation Scheme (FSCS), the UK's deposit guarantee scheme. The FSCS can pay compensation to customers if they are eligible and a regulated firm is unable to pay claims against it, usually if the firm stops trading or is insolvent.

How many branches does Clydesdale Bank have?

About us. The Bank provides Retail, Business, Private and Corporate banking products and services through its network of over 300 branches and Business & Private Banking Centres around the UK.

Is Clydesdale Bank stable?

Fitch Ratings - London - 30 May 2023: Fitch Ratings has affirmed Clydesdale Bank PLC's (CLY, formerly Virgin Money PLC) legislative mortgage covered bonds at 'AAA' with a Stable Outlook.

Who owns Virgin Money now?

On June 18, it was revealed that Clydesdale and Yorkshire Bank Group (CYBG) has purchased Virgin Money in a £1.7bn ($2.25bn) deal. As a result of the transaction, the joint entity will become the sixth-largest bank in the UK.

Is Virgin Money a safe bank?

Virgin Money is fully supportive of the 'Know Fraud, No Fraud' campaign – eight rules designed to keep you and your account safe and secure. Virgin Money will never: Call or email to ask you for your full PIN number or any online banking passwords. Send someone to your home to collect cash, bank cards or anything else.

Does Yorkshire Bank still exist?

In 2016 NAB divested its UK operations as CYBG plc which went on to acquire Virgin Money plc in 2018. The Yorkshire Bank name has been phased out with all branches now under the Virgin Money brand.

Can I accept Clydesdale Bank notes?

The issuing of banknotes by Scottish banks was regulated by the Banknote (Scotland) Act 1845 until it was superseded by the Banking Act 2009. Though strictly not legal tender in Scotland, Scottish banknotes are nevertheless legal currency and are generally accepted throughout the United Kingdom.

Can you refuse Scottish notes in England?

Technically yes, you can – but it doesn't legally have to be accepted. Banknotes issued by Bank of Scotland, Clydesdale Bank and Royal Bank of Scotland are legal currency and can be accepted throughout the UK. But it doesn't necessarily mean they will be.

Are old Clydesdale Bank 20 notes still legal tender?

Clydesdale Bank notes

The public were encouraged to spend or exchange non-polymer five and ten pound notes before 1 March 2018 and twenty and fifty pound notes before 30 September 2022. The polymer notes continue the theme of the World Heritage Series of paper banknotes, introduced in autumn 2009.

Is the Clydesdale Bank closing down?

Virgin Money, owner of the former Clydesdale Bank, has announced plans to close nearly a third of its UK branch network including six outlets in Scotland. The bank, which refers to its branches as "stores", said the closures are necessary to meet changing customer demand.

Why has Clydesdale changed to Virgin Money?

The Clydesdale and Yorkshire bank brands have never done very well outside their home territories, while Virgin Money has broader appeal and better brand awareness. CYBG says it will cost £60 million to rebrand everything as Virgin, including all 70 Clydesdale Bank and 93 Yorkshire Bank branches.

What is the old name of Virgin Money Bank?

On 31 October 2019 CYBG plc changed its name to Virgin Money UK plc.

Do Clydesdale Bank still print notes?

But in Scotland three Banks - Bank of Scotland, Clydesdale Bank and The Royal Bank of Scotland - are still allowed to issue banknotes. The Scottish banks issue notes in denominations of £5, £10, £20, £50 and £100. Only the Royal Bank of Scotland continues to issue a small volume of £1 notes.

Who owns Bank of Scotland?

Why is Yorkshire Bank now Virgin Money?

We are very proud to be bringing Yorkshire Bank and Clydesdale Bank together with Virgin Money, under the Virgin brand. This move will provide us with a national reach, great accounts, services and facilities available to all, packaged in a brand which is focused on great customer service and innovation.

What is the safest bank in us?

How much cash can I withdraw from Clydesdale Bank?

Withdraw up to £350 per day in cash (if funds are available in the account) from Clydesdale (or Yorkshire) Bank branches, Clydesdale (or Yorkshire) Bank ATMs, other cash machines plus the Post Office using the debit card. The debit card can also be used to make a payment online, by phone or in a store.

Where is the safest bank in the world?