Virgin Money
Virgin Money is a financial services brand used by three independent brand-licensees worldwide. Virgin Money branded services are current available in Australia, South Africa and the United Kingdom. Virgin Money branded services were formerly offered in the United States.
Each Virgin Money branded entity acts independently from the others, thus the products vary from country to country.
Current brand licensees
Virgin Money Australia
Virgin Money currently has operations in Australia with 150,000 customers.
Virgin Money South Africa
Virgin Money currently has operations in South Africa. In 2006, Virgin Money South Africa launched with a credit card initially in a partnership with ABSA worth $33 million.
Virgin Money UK
Virgin Money currently has operations in the United Kingdom with 4 million customers. The company was initially established as a personal finance company under the name of Virgin Direct in 1995, and the Virgin Money brand itself was introduced in 2000. Virgin Money rapidly expanded as a bank in 2012 with the purchase of the nationalised bank Northern Rock.