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To obtain the bonus, customers should apply online or via app, use the Current Account Switch Service (CASS), and credit score the account with at least £1,250 inside 60 days of opening. Both firms are stressing that the deal, if accomplished, would profit their prospects by means of product alternative and enhanced customer service. No customer motion is required at this stage, with current merchandise, together with mortgages, persevering with as normal. Nationwide building society is planning to purchase Virgin Money for £2.9 billion, creating one of many UK’s largest mortgage and financial savings suppliers with combined property of over £366 billion. Within 60 days of opening, the new account should be credited with at least £1,500, and prospects should arrange or transfer throughout no less than two direct debits.