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Did you know?

You can face hidden and unexpected fees and charges from other current account providers.

42% of UK bank account holders have paid penalty charges in the past...

Of those charged in the last 12 months, the average person has incurred three charges per month...

Missing three payments in a month could cost anywhere between £45 and £75 with other accounts.

What’s included?

Our account is packed with features to help you stay in control for one simple monthly fee of £17.50 or £24.50 a month for joint accounts.

A UK current account

No bounced Direct Debits or standing order fees

iPhone and Android app

Manage your account online

Set up Direct Debits and regular payments

Make faster payments between banks

Withdraw cash at millions of Mastercard locations

Pay in at over 11,000 Post Offices®

UK based Money Managers on the phone

Free text alerts

No unexpected charges

The thinkmoney Current Account offers you control of your money. The monthly fee will cover the day-to-day running and management of your account.

  • 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.

  • 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.

  • 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.

We take the hassle out of switching

The Current Account Switch Service makes switching to 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.

  • Any problems? We’ll cover the costs

    Under the Current Account Switch Guarantee, we’ll refund any interest and charges if something goes wrong with your switch.

Find out more about switching your account

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.

If you opened your Account, or are looking to open an account on or after 1st August 2018 the following terms and conditions will apply:

If your Account was opened before 1st August 2018 the following terms and conditions will apply:

From 1st October, some small changes will be made to these terms and conditions to allow us to adopt the changes in terminology regarding the linked services offered by payment account providers. You will be able to find a glossary of this new terminology in clause 16 of the general terms, in the terms and conditions set out below.

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