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Coronavirus support

If you're worried about the impact of coronavirus on you or your business, we want to reassure you that we're here to help.

Latest updates

If you're experiencing financial difficulties due to the current coronavirus situation, we've got some online options that could help.

Remember, you can still do your day-to-day business banking online - move money, check balances and make payments to suppliers.

We'll keep the information below updated as the situation changes. You can also follow us on social media for regular updates.

Before you contact us

During these difficult times, we're receiving a higher number of calls than usual.

Our priority is to protect our services for those customers that need us most, so we ask that if your call or store visit is not urgent, you leave the way clear for us to help them first.

If you are venturing out, please ensure you follow Government Guidelines.

Government backed loans schemes

We are participating in Government backed loan schemes to support businesses impacted by coronavirus.

Bounce Back Loan Scheme (BBLS)
  • Available to new Bounce Back Loan applicants
  • Borrow up to 25% of 2019 turnover, from a minimum of £2,000 up to a maximum of £50,000 over 6 years
  • Interest free for 12 months
  • No capital repayments for 12 months

Find out more

Bounce Back Loan Scheme Top Up
  • Available to eligible existing Bounce Back Loan customers only
  • Top Up your Bounce Back Loan up to 25% of annual turnover or £50,000, whichever is lower
  • Capital repayments will start once the capital repayment holiday on your original Bounce Back Loan ends

Find out more

Pay As You Grow (PAYG)
  • Available to existing Bounce Back Loan customers only
  • Explore options for 6 months interest only, 6 months payment holiday and term extension to 10 years
  • Options can be used individually or in combination throughout the life of the loan

Find out more

Coronavirus Business Interruption Loans Scheme (CBILS)
  • Borrow £50,001 to £5 million over two or five years
  • Interest free for 12 months
  • No capital repayments for 6 months
  • Businesses with turnover up to £45 million

Find out more

Coronavirus Large Business Interruption Loan Scheme (CLBILS)
  • Borrow up to £200m for businesses with a group (if applicable) turnover over £45m.
  • The maximum amount which Yorkshire Bank can provide individually to a business (or group) is a term loan (or loans) of £50m.

Find out more

The Government is also offering a wide range of support for businesses in response to the coronavirus outbreak. This includes schemes to help employers fund staff salaries and options for the self-employed. You can find the most up to date information on the Government’s website.

Other ways we can help you

If your business is experiencing financial difficulties due to coronavirus, you can enquire about capital repayment holidays or loans and overdrafts.

Capital repayment holiday

You can request a capital repayment holiday on eligible types of loans online. Please note, you will still have to make monthly interest payments.

Submit a request

Overdraft or loan enquiries

Our team of banking experts will guide you in choosing the option that fits the requirements of your business.

Overdraft enquiries

Loan enquiries

Asset Finance repayment holidays

You can request a three month repayment holiday on your Yorkshire Bank asset finance loan.

Businesses can contact us to arrange this on

Money on your mind?

Do you have questions on how coronavirus has impacted your personal or business finances? Whether you bank with us or not, Money on your mind is our new service designed to help answer any of your general money questions. Our Red Team includes colleagues and experts from across Yorkshire Bank and Virgin Money. They are currently working from home and are here to help you.

Watch more videos

Head over to our Virgin Money YouTube channel where our Red Team business experts answer your questions.

Watch videos

Ask the Team a question

If you've got a question we haven't covered in our FAQs, our Red Team are here to help. Just remember they can't access your speci?c account details at the moment.

Ask a question

Frequently asked questions

See the answers to the questions we get asked most

Stay safe and secure

When things are uncertain and constantly changing, as they are now, it's more important than ever to take care of your personal information. Unfortunately criminals might try to take advantage of the situation to collect confidential information and commit fraud.

Watch out for unexpected text messages, emails or phone calls claiming to be from travel companies, airlines, financial institutions or even the NHS. Any message that requests personal information should be treated with suspicion, as genuine organisations are unlikely to do this.

If you’re unsure don’t hand over any personal details or click on links in texts and emails. If you do receive a suspicious message or phone call, don’t respond on the spot. Instead contact the company yourself using a number you can trust.

Confirm urgent payment requests or changes to supplier payments directly with the sender using a trusted phone number and where possible send a confirmation of payment to suppliers once their invoice has been paid.

Follow the advice of the Take Five to Stop Fraud campaign, and remember that criminals are experts at impersonating people, organisations and the police. Your bank or police will never contact you out of the blue to ask for your PIN, full password or to move money to another account. The Take Five to Stop Fraud campaign encourages you to:

  • Stop: Taking a moment to stop and think before parting with your money or information could keep you safe.
  • Challenge: Could it be fake? It’s ok to reject, refuse or ignore any requests. Only criminals will try to rush or panic you.
  • Protect: Contact your bank immediately if you think you’ve fallen for a scam and report it to Action Fraud.

Criminals have already started using a number of new tactics and schemes to target people in the wake of COVID-19, with some recently reported including:

  • Emails offering fake medical support and the sale of medical supplies such as face masks, hand sanitizer and other products which will never arrive
  • Emails, texts and calls using NHS branding or messaging, requesting donations
  • Emails, texts and calls employing HMRC branding or messaging, asking for details, to offer pay-outs and financial support
  • Emails outlining new ‘too good to be true’ investment opportunities around healthcare companies

For more information on how to protect yourself from fraud and scams visit our security centre.