[4] Under the terms of the deal the resulting company would be rebranded under the Nationwide banner over the next 6 years with the Virgin Money brand eventually disappearing.

[4] Nationwide aims to not make any material changes to Virgin Money's 7,300 employees "in the near term".

[4] Virgin Money's shareholders approved the deal on 21 March and it is expected to complete by the end of the year.

In 2006, Virgin Money South Africa launched with a credit card initially in a partnership with ABSA worth $33 million.

Virgin Direct's logo had been a more simplistic rendering of the company name, in white on top of a red rectangle with a semicircle attached on the left side.