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An account with access to credit

Current Account Plus

Up to £400 credit facility

Upgrade to Current Account Plus and get access to a credit facility up to £400.

Once you've opened a thinkmoney account, you can apply to borrow money from us 3 months after you've paid your first income into your account.

1077.4% APR Representative.

Flexi Loan

Flexi Loan from £500 to £1,500

Borrow for 6 to 12 months and repay in monthly instalments.

Once you've opened a thinkmoney account, you can apply to borrow money from us 3 months after you've paid your first income into your account.

140% APR Representative.

Think Money Limited and Ideal Finance Limited are both part of Think Money Group. When you apply to take out the loan, we thinkmoney are the credit broker, Ideal Finance Limited is the lender, and they pay us for our service.

Can I open a bank account online?

Yes. With thinkmoney you can apply for a bank account online. To start setting up a bank account, fill in the online form with your personal details, address, nationality, employment and security information.

  • Who can open a bank account?

    Anyone. You can open a thinkmoney Current Account as long as you’re over 18 and you live in the UK. We might need to see proof of your ID and address first, but in many cases you can open a bank account immediately!

  • Get a joint personal bank account

    Want to open a personal bank account with someone else? Good news. With thinkmoney you can create a bank account with your partner, your housemate or anyone else who lives at the same address as you. Just make sure you have their consent to open a joint personal bank account.

Apply for a bank account and stay in control

  • Help boost your credit rating

    Our account helps you to never miss a bill, which could improve your credit rating. A better credit rating means better deals if you borrow money in the future.

  • No unexpected fees or charges

    We don't charge you for cash withdrawals in pounds in the UK or for bounced Direct Debits. So you won't get any nasty surprises with a thinkmoney online bank account.

  • Control your day-to-day spending

    We set aside the money you need for your bills, and the rest goes on your debit card, so you know exactly what’s yours to spend.

  • Money Managers to help you budget

    They’ll help you budget for your monthly bills and answer any questions you have. Oh, and they’re UK based.

We’ve built our account to work around you

  • Control your account online, 24/7

    Stay up to date with your current account using Online Account Management and our app for iPhone and Android.

  • Pay in at 11,000+ Post Offices®

    Even though we offer an online bank account, you can still pay in cash and cheques! We've teamed up with the Post Office so you can pay in money at any branch.

  • Mastercard® Debit Card

    If you see the Mastercard® logo, you can use your thinkmoney prepaid Debit Mastercard®. And that’s anywhere in the world!

  • Contactless payments

    Make payments with just a tap! Paying for everyday things is quick and easy with your thinkmoney contactless card.

    Take a look at how contactless payments work

We take the hassle out of switching

The Current Account Switch Service makes setting up a bank account with us easy, simple and stress-free.

  • Take your payments with you

    No need to update your details for each of your payments. We’ll move all your regular incoming and outgoing payments to your new account for you and close your old account.

  • Payment made to your old account? No worries

    We’ll transfer your balance and redirect payments made to your old account to your new account for at least 36 months when you set up a bank account online with thinkmoney.

  • Any problems? We’ll cover the costs

    Under the Current Account Switch Guarantee, we’ll refund any interest and charges if something goes wrong when you switch your current account to us.

Find out more about switching your account

Open a bank account online today

We don’t run credit checks. You can apply for a bank account online if you’ve got bad credit, a CCJ or you’re going through bankruptcy. When you open a bank account online with thinkmoney you get:

  • No unexpected fees or charges.
  • Budgeting help from our Money Managers.
  • Manage your account 24/7 by phone, text or online.
  • Spend what you can afford with a thinkmoney prepaid Debit Mastercard.

To apply for a bank account, you need to be:

  • aged 18 or over
  • a UK resident

Fairbanking

We've been awarded 4 stars by the Fairbanking Foundation.

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.

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 £24.50 per month.

For more information on how we will use your personal information when you have an account with us, you can read our 'How we use your personal information' leaflet. For more detailed information you can also read our Privacy Policy.

Legal Information

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