B | |
Type: | Trading name |
Foundation: | 3 May 2016 |
Defunct: | 4 December 2019 |
Hq Location: | 30 St Vincent Place, Glasgow, Scotland, G1 2HL, United Kingdom |
Industry: | Banking, Financial services |
Services: | Retail banking SME banking |
Parent: | Clydesdale Bank plc |
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.
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]