B (bank)

B was a banking brand in the United Kingdom which operated between 2016 and 2019 as a trading division of Clydesdale Bank plc.[1] B focused on app-based banking and computer learning of personal finances to help customers manage their money.

Not to be confused with Bó (bank).

B
Company typeTrading name
IndustryBanking, Financial services
Founded3 May 2016
Defunct4 December 2019
Headquarters30 St Vincent Place, Glasgow, Scotland, G1 2HL, United Kingdom
ServicesRetail banking
SME banking
ParentClydesdale Bank plc
Websiteyouandb.co.uk

History

B offered an app-based current accounts that is paired with a savings account.[2] B's bank cards use the Mastercard system for both debit and credit cards. [3] 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, the parent company of Clydesdale Bank plc announced that the B brand was to be phased out and replaced by the Virgin Money brand in December 2019.[4][5]

B closed applications for new current accounts on 4 December 2019 and existing B accounts were re-branded as Virgin Money the following day.[6]

See also

References
  1. "Announcing "B" – the new face of banking – CYBG". www.cybg.com. Retrieved 19 June 2018.
  2. "Designed for Better Banking – B Digital Banking". www.youandb.co.uk. Retrieved 19 June 2018.
  3. "Got a Question? Get in Touch with the Studio B Team". www.youandb.co.uk. Retrieved 19 June 2018.
  4. "Launching the new Virgin Money". CYBG. 19 June 2019.
  5. "Clydesdale and Yorkshire bank's 157 branches to be renamed "Virgin Money UK"". The Mirror. Retrieved 28 September 2019.
  6. @VirginMoney (5 December 2019). "It was an exciting day yesterday as B became Virgin Money! You may have seen that your account is now called Virgin…" (Tweet) – via Twitter.
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