An account with access to credit
Current Account Plus
Up to £400 credit facility
Upgrade to Managed 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 from £300 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 as soon as you've paid your first income into your account. This could be your salary or pension.
140% APR Representative.
Our account helps you to 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 won't charge you to withdraw or for bounced Direct Debits. So you won't get any nasty surprises from us.
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 on top of your cash with our iPhone and Android app, or log into our Online Account Management.
Pay in at 11,000+ Post Offices®
We’ve teamed up with the Post Office so you can pay in and withdraw 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!
Make payments with just a tap! Paying for everyday things is quick and easy with your thinkmoney contactless card.
Open your account
We don’t run credit checks. You can apply if you’ve bad credit, a CCJ or you’re going through bankruptcy.
- 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 get started, you need to be:
- aged 18 or over
- a UK resident
What you'll pay each month
Single account £17.50 per month
Joint account £24.50 per month
We've been awarded 4 stars by the Fairbanking Foundation.
You can get a thinkmoney Managed 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.
You can apply for the credit facility three months after you’ve paid your first income into your thinkmoney Managed 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.