An online current account to help you pay bills on time
You’ve got more important things to be doing than crunching numbers and creating budget spreadsheets.
So we created an online current account which does it for you. No stress. No hassle. Choose the effortless way to manage your money.
It’s a simple formula, but since 2001 it’s helped thousands of people pay their bills on time, avoid late payment charges and improve their credit score.
£10 monthly fee
A fresh take on personal current accounts
Save money on bank charges
No fees if we are refusing a payment due to lack of funds (such as if a direct debit bounces).
Bank when it suits you
Check on your current account anytime, anywhere with our online services and mobile app.
Improve your credit score
We’ll help you pay your bills on time, which could boost your credit score.
Everything you need from an online current account
As well as getting help to never miss a bill, you get these essentials when you set up a current account online with us:
A contactless debit card
Free text alerts
Pay in cash and cheques at the Post Office
No credit checks to open a current account online
No minimum monthly pay in
Apply for credit once you’ve had a current account for 3 months
How to apply for a current account online:
You can apply for an account if you’re over 18 and you live in the UK.
Fill in the online form
It should only take a few minutes to complete, and there aren’t any tricky questions.
Upload your ID
If we need to see your ID, we’ll let you know when you’ve finished the form.
Welcome to thinkmoney!
Once we’ve checked everything, we’ll post your card and it’ll arrive in a few days.
Borrow money when you need it
Open a thinkmoney Current Account and you could apply for credit in 3 months’ time.
Current Account Plus
- Borrow up to £400
- Repay over 1-30 days
1077.4% APR Representative (variable).
- Borrow £500 - £1,500
- Repay over 6 -12 months
140% APR Representative (variable).
Why do I have to wait 3 months after setting up a current account?
We decide whether to lend to you based on how you use your current account, so we could still say yes if your credit history isn’t squeaky clean.
"I’ve only just become a customer"
I’ve only just become a customer and so far customer service has been amazing. Love the fact that my bills money is automatically put to one side so I’ll never be over drawn and I have the peace of mind that my bills will always be covered.
"Friendly, straightforward, helpful"
Friendly, straightforward, helpful and a real breath of fresh air! A pleasure to deal with, I would highly recommend thinkmoney.
"Really good service"
Really good service for those with low credit or those who just find it hard to get a current account- no complaints on my end as I managed to set up an account quickly.
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Open a current account online in minutes
Bills are a part of life, but stressing about them shouldn’t be. So choose the personal current account which makes managing your finances simple and hassle free.
You can get a thinkmoney Current Account if you’re over 18 and a UK resident – it’s as simple as that. It doesn’t matter if you’ve had bad credit in the past or you have no credit history as we don’t carry out a credit check when you apply for your account. All we need to do is verify that you are who you say you are and you can open an account online.
The Financial Conduct Authority requires us to publish information about our personal current accounts. For more information about this click here.
These documents inform you about the fees for using the main services linked to the payment account. It will help you to compare these fees with those of other accounts. Fees may also apply for using services linked to the account which are not listed here. Full information is available in our terms and conditions. A glossary of the terms used in this document is available free of charge.
For information about accounts opened before 7th November click here.
For information about accounts opened after 7th November click here.
We have designed the Current Account Switch Service to let you switch your current account from one bank or building society to another in a simple, reliable and stress-free way. It will only take seven working days. As your new current-account provider we offer the following guarantee.
- The service is free to use and you can choose and agree your switch date with us.
- We will take care of moving all your payments going out (for example, your Direct Debits and standing orders) and those coming in (for example, your salary).
- If you have money in your old account, we will transfer it to your new account on your switch date.
- We will arrange for payments accidentally made to your old account to be automatically redirected to your new account. We will also contact the sender and give them your new account details.
- If there are any issues in making the switch, we will contact you before your switch date.
- If anything goes wrong with the switch, as soon as we are told, we will refund any interest (paid or lost) and charges made on either your old or new current accounts as a result of this failure.
For more information read more at www.currentaccountswitch.co.uk
You can apply for the credit facility three months after you’ve paid your first income into your thinkmoney Current Account. This means you could access a credit facility up to £400. We’ll need to carry out some affordability checks and then you’ll be able to apply for and access the credit facility through Online Account Management, subject to eligibility.
The money you hold in your thinkmoney Current Account is not protected under the Financial Services Compensation Scheme (FSCS). As thinkmoney is authorised and regulated by the FCA as an e-Money Institution, your money is protected and, unlike the FSCS, this protection is not limited to a certain amount. This means that your money is held separately and securely and, if something were to happen to thinkmoney, you would always receive it back.
Yes, there is an option in the online form to open a joint account. Joint accounts cost £15 per month.
Think Money Limited has partnered with Token.io (UK) to provide and support a dedicated interface for Third Party Providers offering AISP, PISP and CBPII services.
TokenOS is the operating system for open banking that allows banks, merchants, enterprises and individuals to interact in a global marketplace of financial services.
If you are a Third Party Provider offering AISP, PISP and CBPII services, please use the link below to access the Integration Guide for information on how to register as a member to access information or make payment requests using the Think Money dedicated interface.