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.
Trading name | |
Industry | Banking, Financial services |
Founded | 3 May 2016 |
Defunct | 4 December 2019 |
Headquarters | 30 St Vincent Place, Glasgow, Scotland, G1 2HL, United Kingdom |
Services | Retail banking SME banking |
Parent | Clydesdale Bank plc |
Website | youandb |
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
- "Announcing "B" – the new face of banking – CYBG". www.cybg.com. Retrieved 19 June 2018.
- "Designed for Better Banking – B Digital Banking". www.youandb.co.uk. Retrieved 19 June 2018.
- "Got a Question? Get in Touch with the Studio B Team". www.youandb.co.uk. Retrieved 19 June 2018.
- "Launching the new Virgin Money". CYBG. 19 June 2019.
- "Clydesdale and Yorkshire bank's 157 branches to be renamed "Virgin Money UK"". The Mirror. Retrieved 28 September 2019.
- https://twitter.com/VirginMoney/status/1202583206190571521