Banking - but fairer, more rewarding, and for the good of society.

type

Building Society
Owned by and responsible to their members (rather than shareholders)
Focus on providing mortgages and other services that help members buy homes

profit reinvestment

Most of its comes from customer savings and deposits, not external investors or wholesale markets (60%).
The majority of its lending goes to homebuyers through mortgages, rather than riskier or more speculative investments (85%).

trustpilot

1.9/5 based on ~8,000 reviews

customers

Businesses, corporations, housing associations and other social housing providers, other providers of public services eg schools, hospitals, fire services etc.

ownership structure

Nationwide bought Virgin Money in 2023, and through that, it also controls Clydesdale Bank since Virgin Money owns Clydesdale.

The three now operate under a coordinated governance structure, with Nationwide overseeing both Virgin Money and Clydesdale Bank as part of its wider group.

services provided for individuals

Current Accounts

Everyday accounts, Youth accounts (ages 11-17), and Student accounts

Savings and ISAs

Instant access savings, limited access savings, Cash ISAs, fixed-rate savings, children’s savings accounts

Loans and Mortgages

Home loans to help members purchase property.
Personal loans for members.

credit cards

Credit facilities for personal use

Insurance

Products including home insurance, life insurance, critical illness cover, and income protection

services provided for businesses

Business Savings Accounts

For businesses with turnover under £10 million (currently not accepting new customers)

Corporate Savings Accounts

For businesses with turnover over £10 million

Current Accounts

Business current accounts, including those under the Virgin Money brand

Public Sector Services

Housing finance and project finance tailored for public sector organisations

Relationship Managers

A dedicated team supports business and public sector customers with lending and banking advice
contact this bank
nationwide CONTACT DETAILS

Nationwide Website

Phone number: 03304 600709 or 03457 30 20 11

Email: enquiries@nationwidefoundation.org.uk or press.office@nationwide.co.uk

Public sector:
Project Finance
Call: 01604 855168 or 01604 855054

Housing Finance
Call: 07713 193953

HQ: Nationwide House, Pipers Way, Swindon, SN38 1NW

ethical credentials

charity work

The building society donates 1% of its pretax profits to charity.

The Nationwide Foundation provides advocacy around housing, research and campaign work on housing.

The Nationwide Foundation charity

An independent charity that improves the lives of people in need by funding charitable causes and influencing change.

policies

Prior to acquiring Virgin Money in October 2024, Nationwide Building Society did not provide lending to businesses and, therefore, did not need a policy on lending. It claims that business lending constitutes a small part of its overall activity and states the following in its Responsible Investment Statement:

Nationwide Building Society does not lend to or invest in:

  • arms that are subject to a treaty or convention, to which the UK government is a signatory (such as nuclear, biological and chemical weapons)
  • businesses involved in the exploration, extraction, or mining of coal
  • businesses that generate revenue directly from oil and gas extraction
  • power generation from coal-fired power plants
  • non-sustainable, large-scale deforestation activities for alternative land use purposes, including palm oil production

It refers customers to Virgin Money’s Sensitive Sector Statement.

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