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.

B
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

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