What does the thinkmoney bank account with monthly fee cost?
A clear, simple bank account monthly fee so you know exactly where you stand.
Did you know?
You can face hidden and unexpected bank account 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.
Our account is packed with features to help you stay in control for one simple bank account monthly fee of £10 or £15 a month for joint accounts.
A UK current account
No fees for us refusing a payment due to lack of funds.
iPhone and Android app
Manage your account online
Set up Direct Debits and regular payments
Make faster payments between banks
Make a cash withdrawal in pounds in the UK.
Pay in at over 11,000 Post Offices®
UK based Money Managers on the phone
Free text alerts
No unexpected bank account fees
The thinkmoney Current Account offers you control of your money. The bank account monthly fee of £10 will cover the day-to-day running and management of your account. And we won't charge you anything extra for us refusing a payment due to lack of funds.
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.
Our Current Account Switch Service makes switching to us easy and stress-free.
Take your payments with you
There’s no need to update your details for all of your payments. We’ll move all your regular incoming and outgoing payments to your new account and close your old one.
Don’t worry about payments made to your old account
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.
We’ll cover the costs of any problems
Under the Current Account Switch Guarantee, we’ll refund any interest, charges and other bank account fees if something goes wrong with your switch.
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.
Accounts opened after 7th November 2018
Accounts opened before 7th November 2018
From the 13th September 2019 the below Terms and Conditions will come into effect: