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Worried bad credit will stop you getting a bank account?

If you’ve been searching for bank accounts for bad credit, try the thinkmoney Current Account, even if you’ve been rejected elsewhere. It can help you make sure your bills get paid on time!

A clear, simple monthly fee of £10 (Joint accounts £15).

Can I open a bank account online with bad credit?

You can open a thinkmoney Current Account online in a few minutes, even if you’ve got a bad credit history. Click ‘Open an account’ to get started.

When you choose us, you get all the benefits of a basic bank account, plus:

No credit checks when you apply

As long as we can verify that you are who you say you are, you can open a bank account online. Bad credit concerns? We’ll say ‘yes’ to people with poor credit, CCJs, and even people going through bankruptcy.

No overdraft fees or unexpected charges

We won't charge you if we are refusing a payment due to lack of funds, so you won't get any nasty surprises.

thinkmoney prepaid Debit Mastercard®

Make debit card payments in pounds and cash withdrawal in pounds in the UK.

Get a bank account with bad credit

Don’t worry about your credit history. The thinkmoney Current Account is a current account designed for those with bad credit. We won't run a credit check when you apply for an account.

Our account costs £10 a month or £15 a month for joint accounts. When you sign up, you can:

  • Check your balance, set up Direct Debits and move money around online
  • Manage your account online, by text or by phone
  • Have your salary or benefits paid directly into your account

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

  • aged 18 or over
  • a UK resident

We take the hassle out of switching

Should you want to open an account with us to enjoy a stress-free banking experience, you’ll find it easy to switch with the Current Account Switch Service.

  • Take your payments with you

    There’s no need to update your details for every payment. We’ll move all your regular incoming and outgoing payments to your new account and close your old account for you.

  • 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 current account for bad credit with us.

  • 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

PLUS expert money help

Nobody likes paying bills. Especially when you’ve got lots of other expenses to worry about.

So we created an account which does the work for you. We’ll keep money aside for your important bills so you know they’ll be paid on time.

If you’re already struggling with your money, a thinkmoney Current Account could really help you manage your finances.

Digital services image

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

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 (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.

Token TPP Interface Website

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.

Accounts opened after 7th November 2018

Accounts opened before 7th November 2018

Legal Information